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 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.

Arbitrum's autumn season is marked by significant milestones: - **1 billion transactions** on Arbitrum One - **1 million** Infinite Rainbows Stylus NFTs minted - First Layer 2 solution on Uniswap to reach **200 billion in swap volume** These achievements highlight Arbitrum's growing adoption and utility in the blockchain ecosystem. The platform continues to demonstrate its scalability and efficiency as a leading Ethereum Layer 2 solution. *What's next for Arbitrum?* Stay tuned for future developments and potential new records.

The Arbitrum Builders Bounty Challenge is now live, offering developers an opportunity to showcase their skills and win a share of a $10,000 grant. Key points: - Challenge focuses on building decentralized applications (dApps) - Total prize pool: $10,000 - Open for participation now Interested developers can join the challenge and submit their dApps for consideration. This event provides a platform for innovators to demonstrate their creativity and technical prowess in the Arbitrum ecosystem. For more details and to participate, visit: https://earn.stackup.dev/campaigns/arbitrum-builders-bounty-challenge/quests/bounty-showcase-your-dapp-926d Don't miss this chance to build, learn, and potentially earn!

The Arbitrum Portal has undergone another significant update, focusing on enhancing the Orbit ecosystem experience. Key improvements include: - Introduction of Orbit modules - Statistical insights into the Orbit ecosystem - Enhanced discoverability for Orbit chains These upgrades aim to provide users with a more comprehensive and user-friendly interface for interacting with the Orbit ecosystem. To explore the new features and improvements, visit: https://portal.arbitrum.io/orbit/ecosystem *Note: This update represents Arbitrum's ongoing commitment to refining and expanding its ecosystem offerings.*

Arbitrum Arcade participants have been granted early access to Bungee Exchange's new protocol. This opportunity allows select users to explore and test the platform's features before its wider release. Key points: - Early access is exclusive to Arbitrum Arcade participants - Bungee Exchange is launching a new protocol - Participants can experience the platform's features firsthand **Note**: This early access phase is crucial for gathering user feedback and identifying potential improvements before the full launch. *Interested participants should check their eligibility and access details through official Arbitrum Arcade channels.*

OKX, a leading cryptocurrency exchange, has expanded its Eco Hub to include the Arbitrum ecosystem. This integration allows users to explore and interact with various projects and applications built on Arbitrum, Ethereum's prominent Layer 2 scaling solution. Key points: - Arbitrum ecosystem now accessible through OKX's Eco Hub - Users can discover and engage with Arbitrum-based projects - Integration aims to enhance user experience and ecosystem visibility To explore the Arbitrum ecosystem on OKX's Eco Hub, visit: https://www.okx.com/web3/discover/ecosystem-hub/ArbitrumOne Dive into the world of Arbitrum and discover new opportunities in the expanding Layer 2 landscape.