ARPA Network Report | Fall 2024 Progress Highlights
Dear ARPA Community,
As we approach the end of 2024, we’d like to take a moment to reflect on the progress we’ve made recently and share updates on where we’re headed. This update captures some of our key developments and ongoing efforts, providing transparency into the work we’re doing to grow and strengthen the ARPA ecosystem.
Thank you for your continued trust and support as we move forward together.
Here’s a look at our recent progress. Enjoy!
ARPA AVS Ranks Top 3 on EigenLayer
ARPA AVS is now ranked among the top three AVSs by the number of stakers on EigenLayer, becoming the second-largest after EigenDA. This milestone is made possible by the strong support of stakers on Puffer, InfStones, AltLayer, and EigenYields.
Eigenlayer Dashboard:
ARPA AVS Launches Season 1 Community Rewards Through EigenLayer Programmatic Incentives
ARPA has launched Season 1 Community Rewards (Sep 12–26) through EigenLayer’s Programmatic Incentives, marking a major milestone as the first AVS outside of EigenDA to offer such a program. With 14,000 $ARPA in total rewards, 75% will be allocated to ETH/Liquid Staking Token (LST) restakers and 25% to EIGEN restakers. This rewards initiative aims to foster a strong, sustainable staking ecosystem, with plans for Season 2 to feature extended durations, higher rewards, and the inclusion of $ARPA as an accepted staking asset on EigenLayer.
ARPA AVS Introduces Season 2 Community Rewards with Enhanced Incentives
ARPA has launched Season 2 of our AVS Community Rewards, introducing a tenfold increase in the reward pool to 140,000 ARPA tokens. This season spans 70 days and offers a more inclusive reward structure by enabling direct participation for ARPA token holders through staking on EigenLayer. This program emphasizes our commitment to driving value and long-term engagement within the community.
Operator Partnership with OpenLayer and AVA Protocol on EigenLayer
ARPA has become an operator partner to support OpenLayer and AVA Protocol AVSs. This strategic move enhances our position within the decentralized infrastructure space and reinforces our engagement in the EigenLayer ecosystem.
ARPA AVS Welcomes uniBTC: Partnership with Bedrock Brings Liquid Restaked Bitcoin to EigenLayer Ecosystem
In partnership with Bedrock, ARPA AVS now supports uniBTC, the first-ever liquid restaked Bitcoin, on EigenLayer. This integration provides Bitcoin holders with new liquidity avenues within DeFi, allowing them to utilize their BTC while maintaining intrinsic asset value. This initiative strengthens ARPA’s role within EigenLayer and positions us within an emerging liquidity market for BTC.
Partnership with Tomo Wallet to Integrate Secure On-Chain Randomness for Telegram Mini Apps
ARPA has partnered with Tomo Wallet to bring secure, on-chain random number generation to Telegram Mini Apps through Randcast. This integration empowers developers to create decentralized applications with verifiable randomness, enhancing transparency for gaming and other applications for Telegram’s vast user base.
Co-hosting Thailand Nightopia with BNB Chain and RaveDAO at DevCon
ARPA Network co-hosted Thailand Nightopia alongside BNB Chain and RaveDAO, an event aligned with the BNB ecosystem and Binance Incubator Alliance party. This collaboration during DevCon highlights our commitment to community-building and maintaining visibility within the blockchain industry.
About ARPA
ARPA Network (ARPA) is a decentralized secure computation network built to improve the fairness, security, and privacy of blockchains. ARPA threshold BLS signature network serves as the infrastructure of verifiable Random Number Generator (RNG), secure wallet, cross-chain bridge, and decentralized custody across multiple blockchains.
ARPA was previously known as ARPA Chain, a privacy-preserving Multi-party Computation (MPC) network founded in 2018. ARPA Mainnet has completed over 224,000 computation tasks in the past years. Our experience in MPC and other cryptography laid the foundation for our innovative threshold BLS signature schemes (TSS-BLS) system design and led us to today’s ARPA Network.
Randcast, a verifiable Random Number Generator (RNG), is the first application that leverages ARPA as infrastructure. Randcast offers a cryptographically generated random source with superior security and low cost compared to other solutions. Metaverse, game, lottery, NFT minting and whitelisting, key generation, and blockchain validator task distribution can benefit from Randcast’s tamper-proof randomness.
For more information about ARPA or to join our team, please contact us at contact@arpanetwork.io.
Learn about ARPA’s recent official news：
Twitter: @arpaofficial
Medium: https://medium.com/@arpa
Discord: https://dsc.gg/arpa-network
Telegram (English): https://t.me/arpa_community
Telegram (Turkish): https://t.me/Arpa_Turkey
Telegram (Korean): https://t.me/ARPA_Korea
