How to LP on Arbitrum 🤘

LJ Jackson

• 2 min read

Space doggos, it’s time for DOGyssey Mission 2: Bull Week!

We launched DOGyssey in November with Bridge Week, where users learned how to bridge funds to Arbitrum and get started on their journey. Over 100k Arbinauts participated, so we’re following up our successful liftoff with the next phase of our DOGyssey mission.

Once you’ve bridged funds to Arbitrum, you’re ready to level up and LP (provide liquidity, AKA yield farming AKA earning interest on your crypto) with some of our favorite protocols (more on that below).

Crypto folks will often use centralized exchanges to earn interest on their assets but, as we’ve seen time and time again, that can be a big mistake.

Tally Ho is bullish on decentralization. So we want to help our users opt out of “custodial” services 🙄 and use decentralized protocols to earn yields... all while keeping control of their private keys (because, let’s not forget: not your keys, not your crypto).

That’s why we’re bringing you Bull Week. 🤘

📈 How to Participate in Bull Week

From December 12 to 21:

  • If you provide >$10 Liquidity in the “ETH weekly SSOV” here on Dopex, you’ll be eligible to claim Tom the Bulldog. You have to keep your funds in the pool until the end of the epoch (Dec 16 or Dec 23 if you deposit after Dec 16).
  • If you provide liquidity Provide >$50 USDC / DAI liquidity here on Yield, you’ll be eligible to claim Morty the Bulldog on GALXE. No time limit on how long you have to keep your funds in the pool.
  • If you use both, you can claim the pair!
  • Once you claim your NFT(s) on GALXE, you’re automatically entered to win Diamond Pepe #199! If you claimed both Tom and Morty NFTs, you’re entered twice (i.e. you get an extra chance to win).

Ready to participate? Check out all the details on 🌠🧑‍🚀 GALXE 🧑‍🚀🌠

This is our second DOGyssey mission, but stay tuned for a big announcement coming in early 2023 with the full DOGyssey alpha! Keep checking our blog, Twitter, or Discord to get news on upcoming missions and the prizes we have in store...

ℹ️ If you haven’t ventured into the world of Arbitrum yet, click here to learn how to bridge funds to Arbitrum + get ready to participate in Bull Week.

DOGyssey2_blogimage.png
Morty, Tom, & Pepe

💁 Wait... what’s LPing?

ℹ️
DeFi activities such as lending, borrowing, or token-swapping rely on smart contracts—pieces of self-executing codes. Users of DeFi protocols "lock" crypto assets into these contracts, called liquidity pools, so others can use them... They’re self-executing and don’t need intermediaries to make them work. They are supported by other pieces of code... which help maintain the balance in liquidity pools through mathematical formulas.For any economic activity to happen in DeFi, there needs to be crypto. And that crypto needs to be somehow supplied, which is exactly what liquidity pools are set to do.

👉 Read more...

About Dopex

Dopex is a decentralized options protocol which aims to maximize liquidity, minimize losses for option writers and maximize gains for option buyers. Read more here: Dopex Academy

Connect to Dopex with Tally Ho

About Yield Protocol

Yield Protocol is an Ethereum-based protocol for collateralized fixed-rate, fixed-term borrowing and lending (note: for Bull Week, you don’t have to borrow or lend, just provide liquidity here).

Connect to Yield with Tally Ho