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Everything to know (so far) about Moons on Arbitrum One.

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Everything to know (so far) about Moons on Arbitrum One.

The Bridge is open and Moons are on Arbitrum One. Here's everything you need to know about Moons on Arbitrum One.

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Number 1: Moons are not Migrating you don't need to do anything with your Moons on Nova. This simply opens the door to be able to use Moons on both Nova and One.

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Number 2: There are two ways to Bridge Moons between Nova and One.

  • Option 1 is the Official Arbitrum Bridge - this method takes seven days and requires multiple transaction on mainnet ETH so it requires lots of gas, and shouldn't be used unless you're bridging large amounts of Moons between Nova and One.

https://preview.redd.it/g4wkobw07xpc1.png?880&format=png&auto=webp&s=06408e492a73b9e20e4b4f1b3ecf420ff99f71ae

  • Option 2 is the Celer Bridge, this Bridge goes directly between Nova and One using User Provided Liquidity Pools on both sides. This allows users to earn Liquidity Fees with 0 impermanent loss. I have a write up on how the pools works here.

https://preview.redd.it/dncso2r27xpc1.png?679&format=png&auto=webp&s=b48eaf267ddc2d98ee7d8faca2742f241ebf97c3

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Number 3: How to add Arbitrum One and Moons to your Hot Wallet.

Unlike Nova, Arbitrum One is an incredibly easy network to add to your Hot Wallet. (below are the steps for MetaMask)

https://preview.redd.it/zrvcb1967xpc1.png?2226&format=png&auto=webp&s=80d2ef3ebdcd242757c9a20eb7c31f9b97c2ef7b

Press the "Network" button -> Press "Add network" -> Press "Add" next to Arbitrum One -> Press "Approve"

Once Arbitrum One is added you'll need to add Moons as a token

https://preview.redd.it/8oh69zp47xpc1.png?2098&format=png&auto=webp&s=4db76236514d2796e42c9ca54de20383c79026ed

While on the Arbitrum One Network - Select the "Tokens" Tab -> Press "Import tokens" -> Enter the following Token Contract Address 0x24404DC041d74cd03cFE28855F555559390C931b -> Press "Next" -> Press "Import".

You can now see Moons as an Asset in your hot wallet on Arbitrum One.

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Number 4: How to buy and sell Moons on Arbitrum One.

Liquidity for Moons is currently being added to Camelot. This link takes you to the trading page on Camelot to buy and sell Moons on Arbitrum One.

Currently there is $252K in Moon/Eth liquidity on Camelot.

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Number 5: Why Camelot?

The answer is Arbitrum Rewards for liquidity providers. Although these are not live for Moons yet - Camelot has a grant from the Arbitrum Foundation to subsidize liquidity providers on Camelot with ARB tokens. So growing TVL and Volume on Camelot will allow Moon Liquidity Providers to start seeing extra rewards in the form of ARB.

Once Camelot offers ARB rewards - I will look at making a guide on how to add liquidity to Camelot, if you want to add liquidity before then you can do so using this link.

submitted by /u/GabeSter
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