Arbitrum receives 10% revenue from Robinhood Chain
Offchain Labs co-founder Steven Goldfeder announced that Robinhood Chain and other Arbitrum Layer 2 networks will allocate 10% of net protocol revenue back to the Arbitrum ecosystem. The distribution includes 8% to the Arbitrum DAO treasury and 2% for development funding. Goldfeder emphasized that as enterprise adoption increases, Arbitrum is positioned to capture revenue. All fees collected on Arbitrum One will be directed to the Arbitrum treasury. This update establishes a revenue stream from external chains utilizing Arbitrum's technology. The Arbitrum DAO factsheet clarifies that the fee structure is based on protocol net revenue, focusing on earnings after network costs. This model applies to chains outside Arbitrum One under the Arbitrum Expansion Program, aiding the DAO in comparing revenue across partner chains. Robinhood Chain is now operational in Robinhood Wallet, allowing users to bridge assets from Solana, Ethereum, Arbitrum, and other networks for swaps within the app. The chain transitioned from testnet to mainnet following extensive development, processing over 4 million transactions during testing. Robinhood has prioritized tokenized stocks on this new chain, enabling eligible users in over 120 countries to trade tokenized equities via Robinhood Wallet and decentralized exchanges. Additionally, Robinhood launched perpetual futures for eligible European users, enhancing trading, lending, and liquidity activities on Robinhood Chain. The Arbitrum DAO factsheet indicates that Robinhood Chain went live on July 1, returning 10% of protocol net revenue, with 8% to the treasury and 2% to the Developer Guild, linking enterprise adoption to ecosystem funding.
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