In this article, we'll delve deeper into the technical aspects of Arbitrum's Layer 2 scaling solution and discuss Ooki's participation. Make sure to read on to learn about this game-changing project.
What is Arbitrum?
Arbitrum is a Layer 2 scaling solution for Ethereum, designed to address the network's scalability and high gas fee issues. It offers fast, secure, and cost-effective smart contract execution by leveraging a unique combination of optimistic rollups and a custom virtual machine called Arbitrum Virtual Machine (AVM).
Optimistic Rollups and AVM
Optimistic rollups are a Layer 2 scaling technique that allows off-chain transaction aggregation and execution. The Arbitrum Virtual Machine (AVM) is a custom-built virtual machine designed to facilitate the efficient execution of smart contracts on the Arbitrum network.
The combination of optimistic rollups and AVM enables developers to create and deploy smart contracts on Ethereum while benefiting from the increased scalability and reduced costs offered by the Arbitrum network.
Arbitrum Bridge: Connecting Ethereum and Arbitrum
Arbitrum Bridge is a critical component that connects the Ethereum network and the Arbitrum network. It enables users to seamlessly transfer assets between the two networks while maintaining security and decentralization.
$ARB Tokenomics
The $ARB token plays a crucial role in the Arbitrum ecosystem, enabling various use cases such as governance, staking, and incentivizing network participants.
The distribution of $ARB was as follows:
- 17.53% allocated to Investors
- 12.75% Airdrop (1.13% to DAOs in the Arbitrum Ecosystem and 11.62% to Individual Wallets)
- 42.78% allocated to the DAO Treasury
- 26.94% allocated to the Team, Future Team, and Advisors
Boosting $ARB on Ooki
By providing liquidity for $ARB, Ooki cements its commitment to offering users the best opportunities in the DeFi space. This partnership allows Ooki users to engage with the Arbitrum ecosystem and benefit from the enhanced scalability and lower costs associated with the platform.
Don't miss out on this revolutionary project! Join Ooki now to be a part of the $ARB action and explore the limitless possibilities of the Arbitrum network.
About Ooki
Ooki is a protocol for margin trading, borrowing, lending and staking enabling the building of Decentralized Applications for lenders, borrowers, and traders to interact with the most flexible decentralized finance protocol on multiple blockchains. Ooki is a fully decentralized, community-run DAO, governed by the community vote for all major changes to the protocol. Ooki users can engage in margin trading with up to 15x leverage using a fully decentralized trading platform.
