Hello and welcome to the second edition of the newsletter. In a week where we crossed the 5,000 bet mark, I hope this information provides a useful recap for you!Â
First off, we partnered with Vesta Finance. This will enable us to provide crypto futures on the site. Users will be able to bet with 1000x leverage on the price of cryptocurrencies such as BTC, Eth and Dogecoin. This is going to be released sometime in March - so be ready! With the addition of sports and poker on the horizon too, Arcadeum is going to cater to big- stack-whale betters across the board.
With the success of the ALP so far, it’s no wonder it’s time to lift it further. A whopping 80% APY was reached temporarily on Tues 28th March and the ALP has been constantly around the ~$500k mark. The limit on deposits to ALP is being raised to $1.5m on Monday 6th March at 5pm UTC. Get your funds ready anon.
Thanks to Mai Dai for calculating this.Â
Big bets:
0xfD78 won a $2k return on roulette!Â
$3k win by 0xB4fb, as reported last week, on the Roulette 2.00x still our biggest yet.Â
One unlucky fella had a chance at massively overtaking this but his $5990 bet lost.
There were lots of $500-1k wins too, with slots, roulette and dice being our most popular games so far.
This week we also partnered with Hamachi. Aiming to be a community hub on Arbitrum, they aim to buy the best projects for their token holders. This should bring Arcadeum to a new set of gamblers and stakers! And it will see buying pressure for ARC because they will be purchasing from the open market.Â
Stats page came out on 28th. So Mai Dai’s calculations won’t be required anymore! You can click through to see it here. What particularly caught my eye is the $195k betting volume and a cool ~13% for xARC tokens. Doesn’t it feel good to see the profit go up? Check whenever you want anon.
Technical issues:
Website went down on 2nd March and it was fixed and up again in a few hours. This was due to Fleek, our web host, being down. In the future there will be an ENS domain to be used as a backup.Â
Some users have had problems accessing the site. Trying a different arbitrum RPC could provide the solution, though if you are geo-blocked there is not much we can suggest.
After vitalbock passed us for a security audit last week, this week we had another smart contract audit. Read it here. Any questions - feel free to ask in the discord. I think it’s great that we have had 2 audits, this shows how seriously we view security and the reliability of our protocol.
We’ve integrated with Stablz. This pool, estimated launch Midnight 4th March UTC, allows early-access deposits to the ALP, with Stablz taking a 20% performance fee cut of your profit. In return, Stablz provides benefits such as depeg protection and emergency withdrawals.
After the dramatic rise on the 2nd March I bet you are wishing I would talk about price anon. But I won’t. Take that discussion to the #-price-talk discord 🙂
Peace out
Ace