Join the Odyssey – Arbitrum is a constantly evolving second level solutionEthereum. It just launched its Odyssey program, which aims to familiarize users with its application ecosystem. The goal is simple and fun: to encourage users to test Arbitrum protocols with rewards, such as NFTs.
Presentation of the referee
Before going into the details of the program Odyssey Referee and steps to take, let us return briefly to the Arbitrum.
Arbitration it’s a second hand solution evolving above the Ethereum network, launched in September 2021. This is based on the technology of Optimistic Rollup.
Without going into detail, Rollups allow you to deport transactions outside the main Ethereum chain. However, these ecosystems inherit the security of Ethereum by publishing all transactions on the Ethereum blockchain. These transactions are released as compressed batches, to reduce their impact on the main network. This allows anyone to check the validity of transactions on Arbitrum.
Arbitrum is currently Ethereum’s most popular tier two solution. In fact, it represents no less than 1.7 million ETH filed through all its protocols.
To date, the network has about a hundred protocols, among which we find DeFi leaders such as Curve, Uniswap and Aave.
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Arbitrum Odyssey: a guided tour of the ecosystem
In April 2022 Arbitrum announced the preparation of a program entitled Odyssey Referee. Its goal is simple: create a fun path that allows users to familiarize themselves with the Arbitrum ecosystem.
Also, to make the program fun, Arbitrum has provided rewards for users who take part in Odyssey. So they can get 17 exclusive NFTsmade by the artists Ratwell and Sugoi.
“We are thrilled to announce a collaboration with Ratwell, Sugoi and Project Galaxy, to invite users to explore different parts of the Arbitrum ecosystem, from DeFi to NFTs and games!”
In short, the program it will take place in 2 monthswith each week a series of actions to be carried out on various ecosystem protocols.
In addition, more regular users will receive additional rewards at the end of the program:
“In the end, any user who has collected at least 12 of the 15 NFTs will receive the most exclusive arbi-verse NFT, designed by Ratwell and Sugoi.”
To follow the progress of each step, we invite you to follow the Arbitrum Twitter account. Each week, the teams will post the different actions there as well as the protocols with which to interact to obtain the valuable NFTs.
Good news, the program starts today, Tuesday 21st June!
Governance tokens at stake?
Allow us a little speculation. At present, the Arbitrum project has not made any official announcements regarding the creation of a governance token or any other token.
However, some information may suggest that this is not impossible. So, following the release of the Optimism second-level governance token, the CEO of Offchain Labs, the company behind Arbitrum, tweeted:
“The starter is always served before the main course.”
Of so, although it is only speculation, it is not impossible that Arbitrum will one day unveil a governance token. Participating in all phases of the Odyssey program could increase your chances of being eligible for a potential air launch, if there was one. As it is often said: “whoever feels nothing, has nothing”.
Week 1: Week of the bridges
The Arbitrum Odyssey program has just launched with the “Week of the bridge”. For this first week, Arbitrum starts from the beginning focusing on bridgesthese tools that allow you to send funds from one channel to another.
To participate, users must sends ETH to Arbitrum using one of the following bridges or centralized exchanges:
- Hop Protocol;
- Through the protocol;
- Li-Fi protocol;
- Celer network;
- hash stream;
- Mount Pelerin;
- Rank Exchange;
- connect the network;
- Varen Finance;
- Banxa Officer;
- exchange of bungee;
- router protocol;
- by Bridge Finance.
In addition, users who have opted for the bridge most used by the community will be assigned a NFT Bonus.
Which bridge to use to maximize your chances of getting the NFT Bonus?
We are lucky, Arbitrum has helped us a little bit in deciding which bridge to choose to get the NFT bonus. Thus, they published a investigation on their Discord server, asking users which bridge they would prefer.
Fortunately for us, @monte_xyz worked hard for us by revealing the poll results on Twitter. Thus, the survey result provides the following bridges:
- hop protocol;
Example with Hop protocol
Since he is the big winner of the poll, we will see how to do it together transfer ETH to Arbitrum using the Hop protocol.
To do this, you will first need to hold ETH on one of the following blockchains or L2s:
In our case, we will start with Ethereum.
First, you should go to the Official site of the Hop protocol. Once on the site, check that you are in the “Submit” section.
Connect your wallet by clicking the “Connect” button at the top right of the screen.
Select the asset to send, here ETH.
Choose the network where the funds are currently stored, in our case we will choose Ethereum. Then select Arbitrum as your fundraising network. It also indicates the amount of ETH to be sent. We advise you not to send too few funds, as these funds will allow you to carry out the actions necessary to participate in the Odyssey program every week.
Once all of these fields have been filled in correctly, you can click the “Submit” button to complete the transfer.
Once you click the “Submit” button, all you have to do is confirm and sign the transaction in your wallet. That’s it, the transaction has been sent and the funds are being transferred to Arbitrum.
These can be retrieved from the same address as the one who initiated the transfer, you just have to configure the Arbitrum network in your wallet.
Add Arbitrum to Metamask
To add the network Referee in Metamaskyou will need to configure a new network by entering the following information:
Arbitrum Odyssey next week schedule
Every week you can get Additional NFTs performing two actions on two protocols from the long list of protocols participating in the program.
“Once Bridge Week is over, you will be able to complete 2 separate activities of 2 projects each week! More details about each week will come as the Arbitrum Odyssey program progresses. “
In theory, the protocols to be used every week should be:
- 1: Week of the bridge;
- 2: yield, hash stream;
- 3: AboardExchange, TofuNFT;
- 4: Uniswap, OfficialApeXdex;
- 5: 1 inch, Izumi Finance;
- 6: Breeder Dodo, SwaprEth;
- 7: Treasure_DAO, BattleFlyGame;
- 8: Market of ideas, SushiSwap.
In order not to miss a week and validate the protocols to be used, we invite you once again to stay connected on Arbitrum’s Twitter.
Of course, it’s not the style of the Journal du Coin that lets you down! We will come back every week with a dedicated article to explain all the actions to be performed, week after week, a maximize your chances of obtaining Arbitrum Odyssey NFTs.
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