So Week 1 of Arbitrum Odyssey, A.K.A ‘Bridging Week’ ended June 27, 2022, and was a massive success. Over 45,000 ETH was bridged to Arbitrum from different L2s and the mainnet ethereum. There were two qualifications for getting the two NFTs. The first was to bridge ETH using any of the relevant bridges, and the second was to use the bridge with the most volume and users.
Here are the results
Results of Arbitrum Odyssey Week 1
Dune Analytics, an open-source data provider created an event tracker for the Arbitrum Odyssey journey. Here you can find important data on this event. For example, the largest single ETH bridge during week 1 was 510 ETH – this must be a whale.
The bridge with the most users was the Hop protocol. It was possible to know this beforehand and hence put yourself in a position to get the two NFTs.
Users who used Hop Protocol will get a second NFT.
What Does Week 2 Hold?
Arbitrum Odyssey week two began June 28th at 13:00 EST. If you were unable to get Week 1 NFTs, you can still participate in the next 7 weeks.
Week 2’s protocols to use are Yield Protocol and GMX. Yield Protocol is a collateralized fixed-rate lending and borrowing platform on Ethereum and Arbitrum while GMX is a decentralized perpetual exchange. GMX platform includes leveraged trading, token swaps, and liquidity pools where traders can supply liquidity and get a share of the accruing fees.
To get NFTs from Yield Protocol, here is what you need to do:
- Provide +$50 liquidity at http://app.yieldprotocol.com/pool
- Lend +$50 at http://app.yieldprotocol.com/lend
- Borrow +$100 at http://app.yieldprotocol.com/borrow
To get the GMX NFT, you need to do all of the following steps:
- Open leverage trade at http://gmx.io/trade
- Do a swap at http://gmx.io/trade
- Mint GLP at http://gmx.io/buy
Remember, the Final Bonus NFT requires 13/16 weeks to be completed, so you can still get it.
Note on GMX:
GMX contracts have a $10 minimum when opening a leveraged trade, and Minting GLP has a 15 minute cooldown before you can remove liquidity. These are safety and security mechanisms of the platform that have existed since the protocol’s inception and are unrelated to the Odyssey campaign.
Vincent Munene is a freelance writer and a great blockchain enthusiast. Blockchain has changed his life in terms of financial freedom and in return, he likes to educate people and keep them up to date on everything blockchain. He is a Biochemist by profession and also loves to play the piano.
