Arbitrum Product Launch

An Introduction to Arbitrum on Arable Protocol

With the continuous growth of Arable and Acrechain, the announcement of its integration with the Arbitrum network is an exciting development for the platform and the community. In this article, we will explore the launch of $ACRE and $arUSD on the Arbitrum network, outlining the benefits of this integration and what users can expect from this exciting development.

What is Arbitrum?

Arbitrum is a layer 2 scaling solution for Ethereum that allows for faster and cheaper transactions on the network. It is a sidechain that operates independently but is connected to the Ethereum network, allowing users to take advantage of the benefits of the Ethereum ecosystem without being limited by its high fees and slow transaction times. Arbitrum uses Optimistic Rollups, a technology that allows it to bundle many transactions into a single batch, thereby increasing transaction speed and reducing gas fees. This makes it an attractive option for decentralized applications (dApps) and developers looking to build on Ethereum while avoiding the network’s limitations.

How Arbitrum Integration Benefits Acrechain

The integration paves the way for the listing of other tokens, including $ARB, on the Arable platform, creating even more DeFi opportunities for users on both chains.

One of these opportunities is through providing assets as collateral. Users can deposit stable assets and more volatile assets with different collateral ratios on the Arable platform. The collateral ratio is 120% for depositing stable assets whereas it is 160% for the more volatile assets. This provides flexibility for users to manage their assets and risks. You can check the list of the assets with their respective cRatio here.

Furthermore, the integration has opened up more opportunities for the use case of $ACRE. For instance, SolidLizard Finance, a permissionless DEX on Arbitrum, has recently listed $ACRE and opened three pools with $SLIZ emission. This means that users can now trade $ACRE on SolidLizard Finance, which further enhances its liquidity and adoption.

Another would be with Sperax.io, where a pool for arUSD/USD was created on their Demeter Protocol. Check out the article below to read more details about these integrations.

Bridging ACRE from Acrechain to Arbitrum

Overall, the integration of Arbitrum on Acrechain provides more opportunities for users to engage in DeFi activities and helps to strengthen the use case and adoption of $ACRE and $arUSD soon.

How to add Arbitrum on Arable App

1. In the upper right corner of https://app.arable.finance. Click on the chain and choose Arbitrum

2. If you don’t have Arbitrum chain on Metamask, MM will ask you to confirm a connection to it. Click on Approve

The following are the details to Arbitrum Chain if you want to connect it manually on MM:

Network name: Arbitrum

Network URL: https://arb1.arbitrum.io/rpc

Chain ID: 42161

Currency symbol: ETH

Block explorer URL: https://arbiscan.io//

3. Once approved, MM will ask you to confirm the switching network, click o Switch Network

And that’s it! You’re now connected to Arbitrum on the Arable Platform!

What’s next?

With $ARB and other tokens having the possibility to be listed on Arable Platform, it will open more DeFi possibilities for the users from both chains. Also, interconnecting Arbitrum to Acrechain and to the other network connected to it like Cosmos IBC and EVMOS along with Avalanche

Initially, we will introduce $ACRE / $ETH, $ACRE / $USDT, and $ACRE / $ARB pools. We will add more pools based on feedback from our partners and community.

The integration of Arbitrum into the Arable Protocol marks a major milestone in the growth and development of the platform. With the launch of $ACRE and $arUSD on Arbitrum and vice versa, users can expect more opportunities to explore, with new pools being added based on feedback from the community. The future of Arable and Acrechain looks bright, and we can’t wait to see what innovative solutions and partnerships will arise from this exciting development. So don’t hesitate to add Arbitrum to your Arable App today and start exploring the endless possibilities that await you!