ARB
by BSCN
April 11, 2023
Users who participate in the Aark Testnet will receive an NFT to prove their participation, which might be used for an airdrop later on.
If you're an avid cryptocurrency enthusiast, you may already be familiar with airdrops. These events can often generate a lot of buzz in the crypto community, and last month's Arbitrum airdrop was no exception.
However, more projects are now building on the Arbitrum network and planning their own airdrops. One such project is Aark perpetual DEX, the first Peer-to-Pool perpetual DEX custom-built for professional traders on Arbitrum.
Aark Digital aims to provide users with the ultimate trading and liquidity provider (LP) experience. For traders, this means abundant liquidity, 50+ trading pairs, any assets as collateral, and cross-margin trading. Meanwhile, Liquidity providers can enjoy leveraged LP, delta-neutral LP, and an insurance fund.
The airdrop probability for the Aark project is high. Testnet users will receive an NFT to prove their participation, which might be used for an airdrop later in the future. Here's how you can participate in a potential Aark airdrop:
Connect your wallet to Chainlist here and add Arbitrum Goerli.
Next, we need to collect Testnet tokens. For this, we will perform some easy tasks on Zealy (Crew3) here and claim our tokens on Discord. Get the Crew3 role by following Twitter, Discord, TG, and Medium.
Then go to Aark Digital Discord and switch to the ''verify crew'' channel. Then, submit your wallet, go to the ''faucet'' channel, and claim test tokens. You will get test $USDC, $ETH, and $BTC.
Go to Aark protocol here. Launch the App by clicking "Trade on Testnet." Click on Futures and then click ''Deposit.” Set 5000 USDC and click on ''Approve USDC''. Press ''Deposit'' and approve. Repeat with $ETH and $BTC. Deposit only a portion of your tokens, you will need the rest later.
Go back to the main page here. You can place some orders using the options on the left of the screen. For instance, you could select $BTC and place a BUY in Market order with 5000 USD and add leverage of 75%. Moreover, you can place multiple BUY and SELL orders in the market and limit for different pairs.
Now, you can head over to the Liquidity Provider account from the website or here. You can deposit USDC, ETH, and BTC using the same procedure as before by clicking Deposit. Press the Liquidity menu, or click here to go to this page. Choose the percentage of assets to trade and click “Place Order.” Next, withdraw some assets from the pool.
You can complete the process by clicking on Insurance here. Choose a USDC amount, such as $1000. Click 'Deposit' and approve
Participating in the Aark airdrop could be a great opportunity to get involved with this exciting project and potentially receive free tokens. In addition, by participating in the Testnet, users can receive an NFT to prove their participation, which might be used for an airdrop later on.
Keep an eye out for further information on how to get hold of the Aark airdrop, and don't miss out on this exciting opportunity to be part of the growing Arbitrum ecosystem.
Aark Digital is the first peer-to-peer perpetual DEX designed specifically for professional traders. Traders on the Aark platform are not required to sell assets they own to open a position. They can instead deposit these assets as collateral, which will be held until the user's position is liquidated due to a loss.
Learn more about Aark Digital:
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