arbiDollar

arbiDollar brings interest-free borrowing to @arbitrum. Issuer of the non-custodial $ARD stablecoin.

Powered by @LidoFinance's $wstETH.

Come join us!

[arbiDollar @arbidollar]

☀️Liquid staking summer is here!☀️

Looking for ways to get the most out of your $wstETH

Enter the arbiDollar, an interest-free borrowing protocol on #Arbitrum, allowing you to unlock the liquidity of your $ETH while keeping the staking rewards

🧵

[arbiDollar @arbidollar]

@TokenBrice @LiquityProtocol We promised and will deliver.

Let's polish the token distribution first, though

[arbiDollar @arbidollar]

As the launch of our Mainnet draws nearer, let's illuminate the features and ways to acquire $ARY.

First and foremost, why should you consider hodling $ARY?

👇

[arbiDollar @arbidollar]

Lastly, you will also have the option to acquire $ARY on the open market through leading decentralized exchanges such as @Uniswap.

Or even get it for free by providing liquidity for the ARD-USDC pair 🎁

[arbiDollar @arbidollar]

Second option is to help bootstrap of the liquidation engine, which safeguards the protocol's solvency

Mint $ARD & lock it in our Safety Module to benefit from elevated inflation during the early innings of arbiDollar, while purchasing $wstETH @ 15% discount during liquidations

[arbiDollar @arbidollar]

@MacroMate8 1⃣Expand to underserved networks
2⃣Improve the value-capturing tokenomics beyond the growth/inflation tradeoff
3⃣Third party integrations

[arbiDollar @arbidollar]

6⃣Something can be done better? Open a ticket in our Discord testnet-feedback channel. The more precise the feedback, the more points to be awarded.🎁🎁🎁
7⃣Go back to Zealy and claim your XP points!

[arbiDollar @arbidollar]

📢Gm, Arconomists! The time has finally come. You can get your hands on arbiDollar as our testnet is up and running!🎉🎉🎉

It also comes with a Zealy quest. Stay ahead on our leaderboard, or you might miss the sizzling surprises we have in store...🎁🎁🎁

https://t.co/JEFK9y3p7P

[arbiDollar @arbidollar]

3⃣Get ETH on Goerli and bridge it to @arbitrum (drop us a message if you've problems here)
4⃣Go to https://t.co/E2c3zh9oXU & mint some stables! 5⃣Make sure you put them to work by depositing $ARD into our Safety Module or providing liquidity on @Uniswap. Your ARD, your choice!

[arbiDollar @arbidollar]

@thedailydegenhq @Gplx_io @ArbalestFinance @lucid_fi @0xFinish @francescoweb3 @theempirepod @icebergy @awawat @HsakaTrades @CryptoNikyous @therobotjames @worstcontrarian @levvyfinance @TheCardanoTimes @DaytonaFinance Thanks for featuring us, sir! You're welcome to our discord if you have any questions: https://t.co/8G4slKJ4IA

[arbiDollar @arbidollar]

@kunalgoel How about a $wstETH-backed stablecoin on @arbitrum? #Soon

[arbiDollar @arbidollar]

.@arbitrum ecosystem, we're coming!...

[arbiDollar @arbidollar]

@TokenBrice @0xGattaca Hi Uncle!

We're not live yet, so prioritizing coding over speaking for now.

[arbiDollar @arbidollar]

If you’ve read so far you are as excited as we are!

Come join our discord server and claim your #Arconomist OG role now:
https://t.co/Cyqb9UZTYK

[arbiDollar @arbidollar]

As the countdown to our protocol launch begins, it is time to shed some light over the design choices we made:

1⃣Why limit the collateral options to just one asset?
2⃣Why @LidoFinance?
3⃣Why obsessed with @arbitrum when everyone talks about a multichain world?

Let's unpack

🧵

[arbiDollar @arbidollar]

Do you consider deploying on other networks?

Absolutely not. Minting, usage & repayment should occur on the very same blockchain. Otherwise, it introduces needless friction to the experience.

Attempting to bootstrap Safety Modules across parallel networks would be a nightmare.