Alchemy

Arbitrum

Uniswap

Yield

<p>With claiming of the Arbitrum $ARB airdrop happening in approximately 10 hours ( 9PM SGT/ UTC+8), crypto twitter has been dominated by threads on the best way to play the Arbitrum airdrop. As users rush to claim over 1 billion tokens, there is bound to be congestion, network delay, and possibly massive slippage in the first few minutes.</p>



<p>Regardless of whether you have planned to sell, HODL, or even buy more on launch, it&#8217;s important to understand the conditions you will face immediately after claiming begins. As such, let&#8217;s go through 3 tips to help you maximize the potential for your airdrops.</p>



<p><strong>Also Read:</strong><a href="https://chaindebrief.com/arbitrum-confirms-arb-airdrop-heres-how-to-check-your-eligibility/"> Arbitrum Confirms $ARB Airdrop: Here’s How To Check Your Eligibility</a></p>



<h2 id="preapproving-the-arb-token-and-dex-smart-contracts">Preapproving The $ARB Token and DEX Smart Contracts</h2>



<p>If you want to sell the drop, the best way to beat the crowd is by pre-approving all related tokens and smart contracts. This includes the Arbitrum token on the Arbitrum network, as well as routers via UniSwap, 1inch, or your preferred decentralized exchange.</p>



<p>The token address for the $ARB token on various networks and the initial airdrop distributor can be found <a href="https://docs.arbitrum.foundation/deployment-addresses#token-bridging">here. </a>You can add this address <a href="https://arbiscan.io/address/0x912CE59144191C1204E64559FE8253a0e49E6548" target="_blank" rel="noreferrer noopener">0x912CE59144191C1204E64559FE8253a0e49E6548</a> to your metamask wallet to add Arbitrum-native $ARB as a token.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">▓▓▓▓▓░ 91%<a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ARB</a> is coming TOMORROW <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f535.png" alt="🔵" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f985.png" alt="🦅" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <br><br>A quick guide on how to be prepared:<br><br>• how to claim faster<br>• how to LP<br>• how to buy/sell/snipe faster<br><br>Don&#39;t get front-run <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f435.png" alt="🐵" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;" /></p>&mdash; olimpio (@OlimpioCrypto) <a href="https://twitter.com/OlimpioCrypto/status/1638665520940560384?ref_src=twsrc%5Etfw">March 22, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>Twitter user <a href="https://twitter.com/OlimpioCrypto">@OlimpioCrypto</a> gives an in-depth explanation on how to pre approve the token and interact directly with smart contracts to bypass ahead of the Arbitrum airdrop.</p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Planning to trade/scalp the arbitrum airdrop? We&#39;ve built a page that leverages llamazip (router optimized for arbitrum) to let you trade with 10x lower gas costs vs all other aggregators<br><br>Gas will probably be high during airdrop so this might save you some money <a href="https://t.co/UtoCcTcQS1">https://t.co/UtoCcTcQS1</a></p>&mdash; 0xngmi (llamazip arc) (@0xngmi) <a href="https://twitter.com/0xngmi/status/1638620546626908163?ref_src=twsrc%5Etfw">March 22, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>A much simpler alternative is to use DefiLlama&#8217;s Arbitrum aggregator to instantly approve the $ARB token and related smart contracts. Once the airdrop is out, using this interface will allow you to instantly claim and sell your $ARB tokens on the open market.</p>



<p></p>



<h2 id="yield-farming-with-additional-incentives">Yield Farming With Additional Incentives</h2>



<p>In a recent<a href="https://twitter.com/TaikiMaeda2/status/1638566316276690949?s=20"> Arbitrum update by humble farmer Taiki Maeda</a>, he speculated that Arbitrum would initially trade at approximately $1, and has no plans to sell unless it at least doubles or triples in price.</p>



<p>If you&#8217;re similar to Taiki and want to hold your Arbitrum airdrops, providing liquidity on decentralized exchanges may be for you. Not only will these likely get incentives from the DEXes on Arbitrum in a bid to draw liquidity, but the hype around $ARB would likely translate to a large amount of swaps for the next few days, earning LPs huge fees.</p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">KyberSwap has announced the first <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ARB</a> liquidity mining campaigns in the world &#8211; with <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ARB</a>-$ETH, <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ARB</a>-$USDT, <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ARB</a>-$KNC pools at 2% &amp; 5% fees to capture the demand and volatility during the drop tomorrow. What does this mean? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <a href="https://t.co/TMC1BGlSu9">pic.twitter.com/TMC1BGlSu9</a></p>&mdash; Imran.knc | KyberSwap (@imranfaststart) <a href="https://twitter.com/imranfaststart/status/1638442065788047360?ref_src=twsrc%5Etfw">March 22, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p><a href="https://kyberswap.com/">Kyberswap</a>, a decentralized exchange on Arbitrum, has already announced liquidity mining campaigns on their platform, with a possible 5% fee tier (5% of all trades). </p>



<figure class="wp-block-image size-full"><img decoding="async" width="1016" height="122" src="https://chaindebrief.com/wp-content/uploads/2023/03/image-116.png" alt="" class="wp-image-37162" srcset="https://chaindebrief.com/wp-content/uploads/2023/03/image-116.png 1016w, https://chaindebrief.com/wp-content/uploads/2023/03/image-116-300x36.png 300w, https://chaindebrief.com/wp-content/uploads/2023/03/image-116-768x92.png 768w" sizes="(max-width: 1016px) 100vw, 1016px" /><figcaption class="wp-element-caption">Image Courtesy: CoinMarketCap</figcaption></figure>



<p>With Optimism&#8217;s $OP airdrop resulting in over US $100,000,000 in trading volume in one day, liquidity providers could stand to cumulatively earn over $5,000,000 in fees on launch day.</p>



<p>Thanks to Uniswap V3&#8217;s single-sided staking, users can also already contribute to the LP pool via ETH or USDC. However, if you&#8217;re not DeFi-Savvy, it may be better to avoid trying to game the system in case you fall for honeypot traps on fake Arbitrum-ETH pools.</p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Arbitrum is giving out millions of dollars in free tokens to DAOs.<br><br>In some cases, this represents an enormous capital infusion to projects.<br><br>Here are the projects that are getting the biggest <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ARB</a> allocation for their Market Cap size.<br><br>(The table assumes 1 <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ARB</a> = $1) <a href="https://t.co/UAcbfY3r9N">pic.twitter.com/UAcbfY3r9N</a></p>&mdash; Jack Niewold <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fae1.png" alt="🫡" class="wp-smiley" style="height: 1em; max-height: 1em;" /> (@JackNiewold) <a href="https://twitter.com/JackNiewold/status/1638222050857721863?ref_src=twsrc%5Etfw">March 21, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>Some protocols may also voluntarily give their $ARB allocation back to their community in the form of airdrops or yield-farming incentives, and it may be wise to keep an eye out for the top $ARB receivers across the network.</p>



<p></p>



<p></p>



<h2 id="cross-exchange-arbitrage">Cross-Exchange Arbitrage</h2>



<p>Prior to the official launch of Arbitrum&#8217;s $ARB, several exchanges have announced the listing of the $ARB token, or an Arbitrum IOU, which allows traders to speculate on the eventual price of $ARB.</p>



<p>These are trading for as much as $6 on several exchanges, but<a href="https://twitter.com/cole0x/status/1638000431002718209"> several twitter users</a> have revealed that the current OTC (Over-The-Counter) prices for $ARB has stabilized around $1.</p>



<p>Regardless, the launch of $ARB will likely be followed by a huge dump in token price as users seek to liquidate their free coins for other cryptocurrencies like $ETH and $USDT. Furthermore, massive slippage due to low liquidity conditions could lead sellers to lose out on their trades.</p>



<p></p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Just got your <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ARB</a> <a href="https://twitter.com/hashtag/airdrop?src=hash&amp;ref_src=twsrc%5Etfw">#airdrop</a> but worried about the price on listing?<br><br>What if I told that you could sell it for $3-$5? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f911.png" alt="🤑" class="wp-smiley" style="height: 1em; max-height: 1em;" /><br><br>This guide will increase your profits several times over.<br>Get ready to earn big! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b0.png" alt="💰" class="wp-smiley" style="height: 1em; max-height: 1em;" /><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2b07.png" alt="⬇" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <a href="https://t.co/KteSvRgKUi">pic.twitter.com/KteSvRgKUi</a></p>&mdash; AlΞx Wacy <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f310.png" alt="🌐" class="wp-smiley" style="height: 1em; max-height: 1em;" /> (@wacy_time1) <a href="https://twitter.com/wacy_time1/status/1637786511927287809?ref_src=twsrc%5Etfw">March 20, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>Instead of simply trading through the easiest markets, twitter user <a href="https://twitter.com/wacy_time1">Alex Wacy </a>shows us that $ARB could trade at different prices on different platforms. Choosing the best platform for your trade could net you an additional 100% gain on your $ARB.</p>



<p>To do so, he recommends leveraging <a href="https://dashboard.alchemy.com/">Alchemy</a> to create a custom RPC network to claim your $ARB in order to move it quickly to your preferred exchange.</p>



<p>During the airdrop, taking advantage of the price discrepancies between exchanges could also be a profitable trade, buying on a platform that lists $ARB cheaply, and selling it on a platform where $ARB is expensive.</p>



<h2 id="closing-thoughts">Closing Thoughts</h2>



<p>While CT is speculating that $ARB will launch at approximately $1, there&#8217;s no telling how much it will be worth in the short term.</p>



<p>On one <a href="https://polymarket.com/event/arb-above-1-one-week-after-launch">prediction market, </a>69% of users are betting that $ARB will be worth more than that within just a week, backed by the network&#8217;s high TVL and large amount of on-chain transactions.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Listen &#8211; selling is not a crime. Anyone sell shaming is redacted. Check the image below for airdrop price action (soz don&#39;t know the original source) <br><br>That being said I believe that <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ARB</a> is worth holding long term, that&#39;s a top 10 Coinmarketcap project 100%.<br> <br>That doesn&#39;t mean… <a href="https://t.co/iIhDQcBEti">pic.twitter.com/iIhDQcBEti</a></p>&mdash; Auri <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f52e.png" alt="🔮" class="wp-smiley" style="height: 1em; max-height: 1em;" /> (@Auri_0x) <a href="https://twitter.com/Auri_0x/status/1638705246699667457?ref_src=twsrc%5Etfw">March 23, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>Regardless, <a href="https://bitcoinist.com/study-says-youre-better-off-dumping-your-airdropped-tokens/">studies have shown that </a>most users are better off selling their airdrops immediately after receiving them. Whether you believe that $ARB is a potentially a top 10 project or not, buying in after the initial dip, and not fomo-ing during the initial euphoria period, could be the best strategy for $ARB.</p>



<p><strong>Also Read:</strong><a href="https://chaindebrief.com/everything-you-need-to-know-about-pendle-finance/"> Pendle Finance Is Breaking DeFi By Unlocking Future Yield</a></p>



<p><em>[Editor’s Note: This article does not represent financial advice. Please do your research before investing.]</em></p>



<p><em>Featured Image Credit: ChainDebrief</em></p>

3 Tips You Have To Know Before Claiming Your Arbitrum Airdrop

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