Tagged: Arbitrum

June 1, 2023 @ 10:28 am By JD Alois  |  

Stablecoin issuer Circle will launch USDC, its dollar-based stablecoin, on Arbitrum this  June 8th. Circle states that this version of USDC will eventually replace the currently circulating bridged version of USDC that comes from Ethereum – which becomes USDC.e. Arbitrum is a blockchain technology that… Read More

May 30, 2023 @ 3:47 pm By Omar Faridi  |  

The WOO token can now be staked “across seven chains to earn USDC on Arbitrum from WOOFi swap fees.” As noted in a blog post, WOOFi Stake 1.0 was “born on BNB Chain back in December 2021 and quickly grew in TVL as WOO stakers… Read More

May 26, 2023 @ 6:29 pm By Omar Faridi  |  

Symbiosis, a cross-chain liquidity protocol, announced the addition of Arbitrum Nova to its platform. This integration will “allow users to swap assets across 12+ chains.” Arbitrum Nova is a new chain that is designed to be more cost-effective and faster than Arbitrum One. It is… Read More

May 21, 2023 @ 10:47 am By Omar Faridi  |  

Chainlink, the industry-standard Web3 services platform, and Arbitrum, the Layer 2 scaling solution suite for Ethereum dApp development, have announced the launch of Chainlink VRF (Verifiable Random Function) on Arbitrum One. Chainlink VRF is described as “the industry’s most widely adopted random number generator (RNG),… Read More

April 9, 2023 @ 3:03 pm By Omar Faridi  |  

The team at TwoX Protocol, which claims to be a decentralized finance protocol issuing yield generative stablecoin, is pleased to announce that TwoX protocol will be “launched on Arbitrum.” Their team have been “researching & discussing which infrastructure is great fit to deploy TwoX primarily since… Read More

February 22, 2023 @ 12:14 pm By Omar Faridi  |  

Radiant Capital, a decentralized money market, has integrated Chainlink Price Feeds on Arbitrum mainnet. By integrating the decentralized oracle network, Radiant Capital “has access to high-quality, tamper-proof price feeds needed to help calculate the value of assets deposited on our protocol.” This will give their… Read More

June 6, 2022 @ 4:29 pm By Omar Faridi  |  

With major exchanges listing OP tokens recently, attention has been “brought to Layer 2 and its potential to eat into Layer 1’s market share,” according to an update from Huobi. However, the TVL for Layer 2 has “pulled back by over 40%, which is far… Read More

March 15, 2022 @ 4:07 pm By Omar Faridi  |  

Huobi Research Institute, the blockchain research organization, recently shared a detailed report on Ethereum rollup solutions, titled “How Far is Rollup from Maturity: A Dive into Rollup’s Development Path.” In the extensive report, Huobi Research Institute analyst Barry Jiang points out some of the “drawbacks”… Read More

February 10, 2022 @ 10:32 am By Omar Faridi  |  

GMX, a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades, is currently live on Avalanche. Via this integration, users are able to trade AVAX, BTC, and ETH “with up to 30x leverage, with lower risk verifiable liquidation directly… Read More

September 19, 2021 @ 7:27 pm By Tony Zerucha  |  

Will a new competitor to Ethereum emerge, or will the acknowledged Web 2.0 winner dominate the DeFi space for years to come? It’s an interesting question for several reasons. One is that the DeFi space is still early in its evolution. Sometimes early mover advantage… Read More