Arbitrum Launch/Bridge

Launched 2022-10-26 14:00 UTC
As announced on 2022-10-14, YDF is taking the next step in improving adoption, increased revenue, and ultimately protocol growth by launching the entire platform on the Arbitrum network.
All contracts on Arbitrum will be the same address as they are on Ethereum:
YDF: 0x30dcBa0405004cF124045793E1933C798Af9E66a
sYDF: 0x8332717a53B73ADb5897F473F54384956787A978
slYDF: 0x64cff2e42ea7f2283c31Ba6d108a4038454168b5
vester: 0x25FD39C407965724AdF515CA986dB62609E9a57D
rewards: 0x27095f7907c1c2381a9c11610924d1bbbfe4ce5f
futures: 0x32EF81D6b048dF4B080999B0a5c4F70A2881434f
marketplace: 0xc7ddd330a9ae4870d4100363846fe84b40d01e37

Why Expand to Arbitrum?

The YDF protocol offers a unique set of utility that much of is cutting edge and hasn't been seen before, but at times requires a number of on-chain interactions in order to do things like stake, open a futures position, claim yield, withdraw vested yield, etc. Unfortunately for the time being while the ETH network is the de facto standard for EVM and smart contract based projects, its gas fees are much higher relative to other L1s and L2s on the market today. We want to increase adoption which means onboarding users who are weary of paying high fees on this type of activity and therefore we are exploring other cheaper and higher throughput chains to support the protocol.

How are ETH rewards distributed per Network?

As of today ETH rewards are and have always been randomly distributed & considered "above and beyond" the normal yield earned on your sYDF and slYDF stakes. ETH rewards will still be randomly distributed as the protocol generates revenue, but we will make sure that as best as possible we are distributing an even amount of ETH rewards between all stakers regardless of network they're staked on. This means if you are entitled to 1% of ETH rewards between all stakers across all networks and we distribute 1 ETH in rewards one day, you should get ~0.01 ETH give or take 5-6% margin of error.

Note on YDF Supply

In order to support yet another market on top of Uniswap on ETH and the few CEXs we're listed on today, we will be providing liquidity on a DEX on Arbitrum (Sushiswap) so users can freely trade YDF and interact with the protocol with little friction. We will be adding somewhere around $400k USD worth of total liquidity which will introduce ~2.5-3M YDF into circulation on the Arbitrum network. The remaining supply will be used to supply the bridge so users can bridge their YDF from ETH to Arbitrum as they'd like.

Arbitrum DEX Liquidity

We will be providing liquidity on Sushiswap since Uniswap V2 is not deployed on Arbitrum aspects of the protocol (like zapping) requires our DEX to be compatible with the Uniswap V2 interface.

Bridging YDF

We will launch on Arbitrum with a fully functional claimless 2-way bridge that will allow users to bridge tokens between the ETH and Arbitrum network seamlessly and with little friction, but there will be a small fee per bridge transaction (0.01-0.02 ETH) to interact and bridge tokens to prevent heavy activity and fund our relays that will be executing transactions to deliver tokens in either direction.

Bridging Stake NFTs

We are considering this and will have more communication on this in the near future, but for the time being assume NFTs will not be bridgeable between networks.