The second week of the Arbitrum Odyssey event starts, what issues do you need to pay attention to?

2022-06-29 11:58

Read this article in 7 Minutes

Pay attention to the rules, staggered peak interaction.

Original author: 0x711&wzp, BlockBeats

Arbitrum Odyssey’s first week of cross-chain bridge activity has ended, the official has summarized relevant Data:

More than 43,000 ETHs were transferred to Arbitrum;

More than 150,000 new addresses were created;

The number of daily transactions exceeded 280,000.

In addition, since the transaction data of some agreements are still being counted, the agreement that won the cross-chain week and the additional NFT rewards will be officially announced It will be announced after the statistics are completed. The first week of Arbitrum Odyssey event NFT is open for collection, and the collection time is until August 23rd. The address can be found in the link at the end of the article.

The second week of activities has officially started at 1 am on the 29th Beijing time. Starting from this week, there will be two Arbitrum ecological projects participating in the weekly activities , users who meet the task requirements can obtain relevant NFT rewards. The rewards of each project are calculated separately and are not related. Users can selectively participate according to their preferences.

According to the information of the community and the chain, due to the high enthusiasm of everyone to participate in the activities, the GAS on the Arbitrum chain is relatively high in certain periods of time, and the highest can reach 0.02 ETH. Since the event lasts for a week, it is recommended that users choose staggered interaction to save costs.

Agreement for this week's event It is Yield Protocol, a fixed-rate lending agreement, and GMX, a decentralized trading platform. According to the official information of Arbitrum, BlockBeats sorts out the interaction requirements as follows:

Yield Protocol

The Yield Protocol task needs to complete one of the following operations:

·Provide liquidity of assets of no less than $50 for any maturity series

· Lending no less than $50 of assets to any maturity series;

< p>·Borrow no less than $100 of assets for any series of maturities using Yield-backed collateral;

Protocol interaction interface, note that the lower right corner needs to adjust the network to Arbitrum

Users can withdraw assets at any time without waiting for the maturity date (maturity date).

Complete one of the above operations, after the end of the second week, you will be eligible to claim " Arrival on the Penumbra” NFT.

GMX

GMX tasks require all of the following:

1. Do leveraged trading;

2. Become a GMX (mint GLP) Liquidity provider;

3. Spot swap on GMX;

Protocol interaction interface, adjust the transaction mode in the upper left corner

Please note that GMX's contracts have a minimum price of $10 when leveraged trading is enabled, and Minting GLP has a 15-minute cooldown before you can withdraw liquidity. These are security mechanisms of the platform that have existed since the inception of the protocol and have nothing to do with Odyssey activities.

After completing all the above operations, after the end of the second week, you will be eligible to claim "The Blueberry Nebula "NFT.

The second week of Arbitrum Odyssey ends on July 5th at 00:59.