Chainlink Provides Liquid Restaking Pricing Data for Renzo on Arbitrum
Chainlink Provides Liquid Restaking Pricing Data for Renzo on Arbitrum
馃敟 Liquid Restaking Unleashed
Renzo, a liquid restaking protocol, has become the first to receive a Chainlink data feed on Arbitrum, Ethereum's layer 2 scaling solution. This integration brings secure and precise liquid restaking pricing data to the Arbitrum ecosystem, benefiting decentralized finance (DeFi) platforms like Balancer, CamelotDEX, Pendle.fi, Gearbox Protocol, and Silo Finance. The development is expected to enhance the tier 1 DeFi experience on Arbitrum.
Renzo is the first Liquid Restaking Protocol to receive a #Chainlink data feed on @Arbitrum馃敟 @Chainlink brings secure, precise liquid restaking pricing data to the Arbitrum ecosystem on @Balancer @CamelotDEX @pendle_fi @GearboxProtocol & @SiloFinance Get ready for tier 1 DeFI
USDai Reaches $50M TVL in Private Beta on Arbitrum
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 Launches Open House Build: 3-Week Buildathon with $33k Prize Pool
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 Launches Boros: On-Chain Funding Rate Trading on Arbitrum
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 Physical Redemptions and Mint Deadline
**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 Welcomes MagicEden and Ubisoft's New Game
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.