Today we’re excited to announce we’re launching on Arbitrum to support the growing community of DAOs and projects on the chain.
More and more DAOs are choosing to settle on Arbitrum as a scaling solution. The benefits of increased speed, efficiency, and cost all make it an attractive option for growing teams to build on.
And Utopia is excited to support amazing DAOs no matter where they live!
What is Arbitrum:
Arbitrum is an L2 scaling solution that helps Ethereum smart contracts with speed and scalability.
Arbitrum uses a technique known as optimistic rollups to record batches of submitted transactions on the Ethereum main chain, and execute them on a cheap, scalable layer 2 sidechains while leveraging Ethereum to ensure correct results.
Communities we’re excited about on Arbitrum:
Arbitrum is home to many amazing DAOs and crypto projects; One of the amazing communities that inspired us to launch on Arbitrum was JonesDAO.
JonesDAO is a yield, strategy, and liquidity protocol for options, with vaults that enable 1-click access to institutional-grade options strategies while unlocking liquidity and capital efficiency for DeFi options with yield-bearing options-backed asset tokens.
JonesDAO uses Utopia on Arbitrum to manage payments and handle back-office operations!
Why Jones chose Arbitrum :
“ARB is for us because its a place where there can be alignment with our partners and cooperation instead of PVP due to the relatively new state but also it's a place that has unrivaled speed and safety.” says from Nach211 - JonesDAO
What excites Jones about the Arbitrum community:
“Here you get some of the best protocols in DeFi (Dopex, GMX) and some of the coolest NFTs (Sami's, DP's, Halloweens) with little gas and incredible speed” - Nach211 - JonesDAO
New chain same Utopia ⛩
Using multichain on Utopia is the same experience as eth-mainnet with no lessened functionality!!! Any Arbitrum DAO with a Gnosis Safe can use our full suite of features!
- Arbitrum DAOs can create recurring and 1-time payments on Utopia and pay them out in less than 2 clicks. These two clicks create a transaction through their Gnosis SAFE paying the team’s recurring compensation.
- Once the transaction is created, DAO multi-sig holders sign and execute the payment on Utopia without any gas! Our signing page lets multi-sig holders get a clearer picture of their Gnosis transactions and avoid paying gas individually.
- To avoid back-and-forth messages, a Utopia payment request link can be shared with the community. Individuals expecting payment can submit how much they should be paid along with information on the context of the payment.
- DAOs can track and download their payment history - giving them a detailed breakdown of the DAO’s expenses.
- In may, Utopia will have a bookkeeping feature that will allow Arbitrum DAOs to categorize and get analytics on all their DAO’s transactions.
Looking to join JonesDAO in freeing your team from operational overhead? Book a demo below
You can access Utopia on Arbitrum here:
and soon it will be live on our main link:
Learn more about Utopia at utopialabs.com