Welcome to the first newsletter. I hope you learn something new here :)
Arcadeum ALP opened to the public
An exciting milestone in our growth, Arcadeum liquidity position (ALP) - the ‘house’ - was opened to the public. When users win or lose on the site, funds moves about here, and in the long run the house should always wins due to the house edge.
500k limit filled in 52 minutes
Fish and whales swam in fast. It’s good to see that Arcadeum has supporters who will put their money where their mouth on the #-price-talk channel is!
For the duration of the week the ALP remained close to the limit. This meant that people weren’t withdrawing much, and when they did there were others ready to deposit.
The $3k win by 0xB4fb on the Roulette 2.00x on Sunday is our biggest yet. Congratulations ser.Â
Anon can you win bigger? A spot on our leaderboards awaits.
Good to see the UX constantly being improved. It’s a two way process though so its important if you encounter any bugs to post on #-bug-reports
Also, the integration of a custom RPC today (Friday 24th) should increase app speed by up to 10 times.Â
This ‘fruit machine style’ slot is in beta. I wasn’t able to find out what this means but I trust that it is still provably fair.
Unfortunately the game didn’t work properly for me. Although I won the bet, I wasn’t able to see the slot animation. Core dev 0xPataca was on the case fixing bugs this week, and so I’m going to try again this weekend and will share whether i’m successful.
Use mine here. It nets me a cool 20% of your betting fees. Much appreciated.
Arcadeum x Yama Finance partnership
Right now we’ve got 500k sitting there idle in ALP. Surely that could be earning some interest? Well, thats where Yama comes in. In the future, users will be able to opt-in for their ALP share being allocated to yield generating strategies.Â
Vitalblock passing us is promising news. A good sign to me that an external audit was carried out so early in the protocols development.Â
Dashboard updates!
As shown in the picture below, Arcadium is working on bringing a dashboard to the site. Having somewhere that showcases earnings, betting fees and referral fees, amongst other things, would be awesome. I’m pleased to hear this is on the way.
Community member Jh (@0xroll) built a cool dashboard. Click through here
Token unlocking
Whilst 54% has already unlocked over the previous 2 weeks, today it was announced the ARC vest of most remaining presalers will be diluted and extended by 1 year while some, who exhibited particular irresponsibility and heavy dumping, will receive nothing.
A few hours later this decision was reversed.
23% of tokens to all pre-seed/seed/vetted influencers will be released today, with the final 23% released next friday.
US individuals geo-blocked from using Arcadeum
This is because our front end provider unable to service them or operate within the US jurisdiction. Of course such individuals could still use a VPNÂ
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Thinking about giving Arcadeum a go? Try it - warts and all, it could be the future of internet gambling.
Ace out *mic drop*