Here is a summary of the Arbitrum Foundation’s updates from yesterday’s GRC call.
Marketing:
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Further positioning of Arbitrum as a Digital Sovereign Nation via a comprehensively written report launched by Messari
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Two new X channels were launched, focused on increasing mindshare from India & Brazil, geographies crucial for future ecosystem growth.
Finance:
- The 35M ARB from STEP 2, as well as the redeemed USDM funds from STEP 1, was deployed across the DAO-approved RWA products for STEP 2 (BENJI, WTGXX, and USTBL).
Arbitrum Open House:
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Arbitrum Open House was officially launched targeting its first region: India. The Open House is a multi-tiered program to enable builders to build on Arbitrum and to launch new projects in the ecosystem. It consists of:
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Open House Learn (Aug 5 - Aug 16): A multi-week online educational experience empowering people with the knowledge and skills they need to build (through self-guided courses, workshops, presentations and AMAs). This track is currently live and participation is always open.
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Open House Build (Aug 22 - Sep 10): A 3-week online hackathon with $33k in total prize pool. The hackathon will offer online support channels, practical workshops and mentor hours. Winning teams will be invited to a guaranteed spot in the IRL hacker house. Registration is live.
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Open House Hack (Sep 18 - Sep 21): A 4-day intensive and exclusive hacker house in Bangalore, India, where winning teams from Build + selected applicants come together for focused building and taking their project to the next level in development. With $70k in total prize pool and a chance to join the to-be-announced Open House Accelerator, the possibilities for participants are potentially transformative. Applications are live.
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Arbitrum Audit Program
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The DAO-approved Arbitrum Audit Program was officially launched. Early-stage projects building on Arbitrum can now apply for funding to cover third-party security audits from whitelisted audit firms, helping projects ship securely without burning runway and strengthening overall ecosystem security.
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The Arbitrum Audit Committee whitelisted 12 out of 30 the audit firms who applied.
Ecosystem
- Boros by Pendle is now live on Arbitrum, bringing funding rates fully on-chain. Boros is starting with Binance BTC-USDT and ETH-USDT pairs with scope to expand further.