How to Earn Up to 28% APR with Hop on Arbitrum 

Hop Protocol on Arbitrum

Before we get started, this is not a recommendation or endorsement to buy any token mentioned.

The long awaited arrival of Ethereum Layer 2 network tokens is here. It started with Optimism’s recent OP airdrop and there’s speculation that more are coming, with higher confidence in the arrival of a native token airdrop for Arbitrum L2 in 2022. Arbitrum uses a scaling technology called optimistic roll-ups, similar to the underlying tech behind Optimism. Arbitrum offers a unique combination of benefits (and I’m quoting it below as Offchain Labs has it written in their docs):

• Trustless security: security rooted in Ethereum, with any one party able to ensure correct Layer 2 results
• Compatibility with Ethereum: able to run unmodified EVM contracts and unmodified Ethereum transactions
• Scalability: moving contracts’ computation and storage off of the main Ethereum chain, allowing much higher throughput
• Minimum cost: designed and engineered to minimize the L1 gas footprint of the system, minimizing per-transaction cost.

Just 24 hours ago, Arbitrum’s core team at Offchain Labs announced Week 1 of Arbitrum Odyssey, an 8-week long initiative that will encourage users to try different on-chain Arbitrum ecosystem projects and in return, receive exclusive NFTs. My assumption is these NFTs will later be used to reward new users on Arbitrum with their native token. Week 1 is designed for onboarding new users so “you must bridge ETH at least once into Arbitrum starting now, up until June 27th, 12:59pm EST using a bridge/fiat-on-ramp below.”

As a result, we know that countless existing and new