Lojesad (@lojesad) • Hey
Smart contract developer with a keen interest in finance
Publications
- I'm pretty happy to share that me and my team won the Top Quality Project category for the Chainlink Hackathon with our project OTCNexus. I hope to bring this in production ASAP starting to make the onboarding into web3 a bit easier #Chainlink @chainlink.lens
- Hey friends, I'm asking here since I know many of you are nerds like me. I need some help with a complex flow using chainlink functions. Anyone here have played with them quite a bit and can help me thinking through a specific problem? Love y'all
- ▓▓▓▓▓░ 91%
$ARB is coming TOMORROW 🔵 🦅
A quick guide on how to be prepared:
• how to claim faster
• how to LP
• how to buy/sell/snipe faster
Don't get front-run 🐵 👇
1/12
🐵 CUSTOM RPC
$ARB is launching in Arbitrum One chain.
With the Optimism #1 Airdrop, the network saw a lot of stress and their RPC went down. This could also happen tomorrow.
Solution: create your own RPC endpoint.
2/12
🐵 CUSTOM RPC
In this example, we will be using AlchemyPlatform:
1. Create an Account 🔗 auth.alchemy.com/signup (free plan, skip when asked for credit card details)
2. Go to your Dashboard: dashboard.alchemy.com
3. Click on the "Create app" button at the top right
3/18
🐵 CUSTOM RPC
4. Create an App for Arbitrum
5. Get your RPC https URL from Alchemy
4/18
🐵 CUSTOM RPC
6. Go to MetaMask and add a Custom RPC
7. For the Custom RPC, enter → your Alchemy URL, Chain ID 42161, ETH as currency, and https://arbiscan.io as the block explorer
8. Done ✅
5/18
🐵 ARB PRE-APPROVAL
• How to front-run the opportunity even more?
Pre-approve the contract to take advantage faster and allow @ARB to be traded in exchanges.
This can be done with the most popular protocols (@1inch, @Uniswap)
6/18
🐵 ARB PRE-APPROVAL
• This is $ARB contract: 0x912ce59144191c1204e64559fe8253a0e49e6548 (compare it to 🔗 docs.arbitrum.foundation/deployment-addresses)
• Uniswap V2 & V3 Router:
0x4c60051384bd2d3c01bfc845cf5f4b44bcbe9de5
• 1inch smart contract: 0x1111111254EEB25477B68fb85Ed929f73A960582
7/18
🐵 ARB PRE-APPROVAL
1. Go to ARB smart contract > Write as Proxy: 🔗 https://arbiscan.io/token/0x912ce59144191c1204e64559fe8253a0e49e6548#writeProxyContract
2. Connect your wallet
3. Spender: Uniswap or 1inch
4. Amount: in the example, with 20000000000000000000000 you are approving 20,000 ARB to be traded by that smart contract
8/18
🐵 PREPARE ETH FOR GAS
Don't forget to send some ETH in advance to Arbitrum to cover gas fees when claiming.
Use:
• jumper.exchange
• bungee.exchange
(either bridge has a token yet 👀 🪂 )
💡 Gas tracker: pro.nansen.ai/multichain/arbitrum/gas-tracker
9/18
🐵 WHERE TO TRADE - DEX
I get asked a lot about where to trade certain tokens.
This will be useful for any token, not just $ARB.
There are two great tools that let users monitor every blockchain for pools: GeckoTerminal and DexScreener.
10/18
All you need to do is paste ARB's contract in their search bar:
• @GeckoTerminal: geckoterminal.com
• @dexscreener: dexscreener.com
And the websites will display all pools in DeFi that are trading that specific token, with liquidity and price info. 💥
11/18
🐵 WHERE TO TRADE - CEX
This also applies for general tokens. @Coingecko has a great section dedicated to the token's markets.
Go to CoinGecko's $ARB token page 🔗 coingecko.com/en/coins/arbitrum
Scroll down to the bottom, and check “markets”.
12/18
🐵 WHERE TO TRADE - CEX
Confirmed centralized exchanges that will be listing ARB
✅ Binance
✅ Bitfinex
✅ Kucoin
✅ ByBit
✅ OKX
✅ Gate (don't use this one, it's a piece of sh**)
✅ Bitmart
✅ Huobi
✅ Bitget
✅ Bitrue
✅ MEXC (don't use this one, it's a piece of sh**)
13/18
🐵 LIQUIDITY PROVISION
• Uniswap v3 allows single-sided LP.
You could potentially just LP your $ABR airdrop and not risk your "main funds", but your "airdrop" funds.
Why would you do this? To get interest. Transaction fees and APR in the initial launch hours are huge
14/18
🐵 LIQUIDITY PROVISION
• How does single-side liquidity work in Uniswap v3?
LPs can set the liquidity allocation price higher than the current market price if they provide the more valuable token, or lower than the market price if they provide the less valuable token.
15/18
🐵 LIQUIDITY PROVISION
This allows LPs to sell their position if the asset they provided increases in value, or buy more of the other asset if it continues to fall in price.
LP tokens are being replaced with an NFT (ERC-721).
16/18
🐵 LIQUIDITY PROVISION
There is already almost 4M USD in TVL in Uniswap for the ARB pools.
How do they do it? Users are LPing just USDC or just ETH (single-sided). v3 is more complex than v2, watch this video from @finematics to learn more:
🔗 https://www.youtube.com/watch?v=Ehm-OYBmlPM
17/18
🐵 CLAIMING TIME
• People can claim the airdrop until Sep 23 2023.
• Claiming on the Arbitrum One chain will start when the Ethereum chain reaches block 16890400. That is on Thursday, in around 13 hours:
🔗 https://etherscan.io/block/countdown/16890400
Monitor the link to be ready
18/18
I hope this helps you learn a thing or to, and have an edge against the general market when deciding what to do with your airdrop.
⚡️
- Once the SVB nightmare for depositors is resolved, I believe we will start seeing many companies, big and small, begin to have crypto on their balance sheets.
👉 Self-custody is important!
- Size of bank failures since 2000 (stole this from Twitter). Pretty crazy seeing it in a single picture.
- We’ve deployed Aave V3 on the Sepolia Testnet expanding our support for the testnet community!
- Sorry, I'm late to the party. Let's build together and make web3 shine!