Arbitrum Launches $10M Smart Contract Audit Grant Program

USDai, an AI-powered DeFi protocol on Arbitrum, has achieved a significant milestone by surpassing $50M in Total Value Locked (TVL) while still in private beta phase. Key points: - Protocol remains in private beta testing - Public launch anticipated soon - Demonstrates growing interest in AI-DeFi integration This development follows broader DeFi growth trends, as seen with Spark Protocol's recent success reaching nearly $4B TVL and securing a top 10 position among DeFi protocols with 58.1% monthly growth. Track progress: [DeFiLlama](https://defillama.com/)

Arbitrum announces Open House Build, a 3-week online buildathon starting August 22nd. The program offers: - Mentorship opportunities - Technical workshops - Build competition with $33,000 in prizes This follows their recent Open House Learn initiative, which launched August 5th focusing on beginner-friendly onchain development education. **Key Details:** - Application open now - Program starts: August 22nd - Focus: Onchain project development - Format: Virtual/online [Apply for Open House Build](https://openhouse.arbitrum.io/)

Pendle has launched Boros on Arbitrum, introducing the first on-chain market for trading funding rates. The platform enables users to trade and hedge funding rates from major perpetual markets, starting with BTC and ETH on Binance. Key features: - Introduces Yield Units (YUs) for trading funding rate exposure - Initial leverage capped at 1.2x with $10M per market OI limit - Permissionless markets with settlement at maturity - LPs earn Pendle incentives, swap fees, and APR Notable use case: Protocols like Ethena Labs can use Boros to hedge funding rate exposure for stablecoin yields. Future roadmap includes expansion to more assets, exchanges, and potential integration of real-world assets.

**Stylus** offers a unique opportunity for collectors of **Infinite Rainbows** by @JimenaBuenaVida: - Physical redemptions begin Monday, Oct 7 at 12:00pm ET - Mint deadline: Sunday, Oct 6 at 12:00pm ET - Exclusive minting available at http://mintstylus.xyz Don't miss this chance to participate in both digital and physical art collection. Mark your calendars and prepare for this limited-time event. *Visit the official website for more details and to participate in the mint.*

Arbitrum is expanding its ecosystem with the addition of MagicEden and a new game from Ubisoft. Key points: - MagicEden, a prominent NFT marketplace, is joining the Arbitrum network - Ubisoft is launching a new game called 'Captain LaserHawk: The G.A.M.E' on Arbitrum - The game, developed by EdenOnline, will feature an upcoming mint For more information about the game and mint process, visit: https://edenonline.ubisoft.com/ **Stay tuned** for further updates on this exciting collaboration between Arbitrum, MagicEden, and Ubisoft.