Arbitrum Odyssey Paused: High Network Fees Impose Nitro Launch Speed-up
The L2 Event Will Retsart at a Later Date
Ambirenauts and Arbinauts, this is important: last evening the Arbitrum team announced that the Odyssey is officially paused ⏸
The resume date is not yet known, as it depends on the Nitro launch.
Read on for the full scoop 👇
Why is Odyssey on Pause?
Arbitrum decided to pause the event in order to protect the users from having to pay the high network fees that we have been seeing since yesterday (+$10 for a transaction). This is due to the network congestion created by so many users flooding to the L2 chain, both generally and to perform the Week 2 tasks.
If you already performed the Yield and GMX tasks don’t worry, they have been registered and will be taken into account for your eligibility towards claiming the NFTs.
The Odyssey will reprise soon after Nitro is launched, as the Arbitrum team is committed to offering its users a smooth and rewarding experience — and affordable gas fees are part of this plan, and will be achievable through Nitro.
What is Nitro?
Arbitrum Nitro will be — according to the Arbi-devs — the most advanced rollup stack ever built. Its mission will be to enable considerably higher throughput and lower network fees.
On April 6th, 2022, the Nitro devnet was launched and the path to migration from Arbitrum One to Arbitrum Nitro already laid-out. It will be a seamless transition, so that users will have an uninterrupted experience and only notice a change in reduced fees, increased capacity and generally faster experience.
Sounds purrrrrrrfect, right?😺 Then let’s wait for this holy grail of scale-up solutions to launch and then we can seize the best of the crypto-world 🚀
This ends our transmission of the Ambire Guide Arbitrum’s Odyssey for now, but be sure to stay close, as we will be back as soon as Nitro is launched and the event restarts.
Until then, you can enjoy other L2 and the perks of DeFi and web 3 through your Ambire Wallet and as always: keep the flame on 🔥🔥🔥
