Velvet Capital on Arbitrum is finally here!

Velvet Capital, the largest DeFi Operating System on BNB Chain is now expanding to Arbitrum (the top Ethereum Layer 2 Blockchain).

Velvet Capital’s goal has always been to make the best Intent Operating System for DeFi and bring Asset Management on-chain. To achieve this we have to become multi-chain with our vaults, expanding from the BSC integration we already have.

We are pleased to announce our latest integration with Arbitrum!

Go to the Arbitrum App

Why Arbitrum?

By integrating with Arbitrum we can expand to the Ethereum Ecosystem, and allow users of Velvet to make swaps faster and cheaper than the Ethereum Layer 1. Arbitrum is an Optimistic Rollup, meaning the blockchain takes in transactions, batches them off-chain, and then submits them as a single batched transaction to Ethereum 

Since launching in 2021, users of Arbitrum have saved over 2,000,000 ETH in transaction fees and executed 628,000,000 transactions. 

Of all the Layer 2’s, Arbitrum has grown to be the top one in terms of TVL with $2.88B (according to DeFi Llama) and is the 4th highest blockchain overall (behind Ethereum, Tron, and BSC). The next highest Ethereum L2 is Polygon which has a $882M TVL (ranked 8th overall). Currently, Arbitrum holds almost 50% of the market share for Layer 2 blockchains in DeFi TVL.

Beyond the data publicly available, our team took a deep look into the individual protocols and ran a vote with our Founders Club Member’s to determine which chain would be next for Velvet Capital.  Arbitrum was the clear winner given the interest from the community and the vast DeFi Ecosystem being built. 

What will you be able to do on Arbitrum?

Velvet allows anyone to launch and manage on-chain funds and structured products. We are currently the top Asset Management Protocol on the BNB Chain and now expanding to the top Ethereum Layer 2 Blockchain.

By using Velvet Capital, we take out the complexity of building complex DeFi Products and running customized strategies. Historically, to build these financial products (indexes, algorithmic, tokenized funds, yield-bearing strategies, and more) companies spent months and millions on development and was only accessible to the top funds in the space. Velvet decided to democratize this technology and deliver it to the masses. 

On our Arbitrum version, you will be able access to new Assets, Yield Farming opportunities, and Liquid Staking.

Some of the new spot assets available:

ARB, GMX, PENDLE, STG, JOE, APE, and much more!

We also integrated the following protocols for lending and providing liquidity to exchanges:

Aave, Hop, Beefy, Wombat, SushiSwap, and will be adding more over time!

We also added one of the most anticipated features for Velvet Capital users, you can now get access to liquid staking ETH on Lido and earn 3.78% plus additional yield with Velvet Airdrop Points.

How to navigate to the Arbitrum App?

Go to the V2 App: v2.velvet.capital

Click the arrow near your wallet address and then select “ARB” in the dropdown menu.

Arbitrum Incentives

For the Arbitrum Release, we will be running two campaigns where users can be rewarded for using Velvet Capital:

1 - Lucky Draw

Every single user is eligible and your chances of winning will go up if you deposit more. The pool will have 10,000 airdrop points.

Distribution:

2,500 Points: 1 Winner

1,000 Points: 3 Winners

500 Points: 5 Winners

20 Points: 100 Winners

To qualify you must deposit before 3/1 and rewards will be distributed at the end of March to those who have remained on the Velvet Arbitrum Version through March.

2 - Whale Giveaway: Founders Club NFT 

On top of the Lucky Draw, we will be running a campaign for Whales who want to use Velvet Capital. Users will qualify for the giveaway if they deposit at least $5,000 and hold for March.

The Founders Club NFT currently mints for 0.69 ETH, and this is the chance to win for free! When you have a Founders Club NFT, you can join the Velvet Founders Club Chat (genesis for Velvet DAO), get a 2x bonus on Airdrop Points, win your share of 1,000,000 Airdrop Points before TGE, get access to exclusive strategies run by partner Hedge Funds, double your Velvet DAO voting power when staked with VLVT tokens, and much more!

There will be 3 winners for the Founders Club NFT Giveaway.