How it Works
To participate in Arcade Finance, users are required to mint ARCA NFTs, which are 3D characters that are used to navigate the Arcade Finance platform. These NFTs and are used exclusively for interactions on the platform. The account is built using the EIP-6551 standard and is essentially an NFT on steroids as it is able to make transactions as a normal address.
Arcade's Two-Token Model
At the heart of the protocol are two tokens that are used to interact with the entire Arcade Finance protocol. These are ARCADE and BRR.
BRR is the reserve currency that can be minted by depositing the index compositions of BRR. The index assets are the ones Arcade Finance creates its Arcade Machine vaults for. So, for example, users will be able to mint BRR by depositing the index asset in the respective Arcade Machine vault. Alternatively, BRR can be borrowed against ARCADE holdings using the Credit Facility.
ARCADE can be acquired by minting Loot Boxes (post TGE). It is earned as yield on Arcade Machine deposits, and can also be won by providing liquidity to The Coin Pusher machines.
Both ARCADE and BRR tokens can also be bought on DEXes.
ARCA NFTs
Arcaders will be in possession of an ARCA NFT. These are 3D visual objects each with a unique appearance and a randomly generated multiplier.
The ARCA NFTs play an important role as they are required in participating in the games on the platform. Players can significantly enhance their play style when they are in possession of these NFTs.
More details can be found in ARCA NFTs.
The Arcade Machines
Machines are designed to actively engage the players and reward them for their participation through BRR, Loot Boxes, and other prizes.
The Machines are the core game mechanisms and power a evolving environment for players to operate in. They also allow for the deployment of highly creative and intelligent multivariate strategies by users so they get the most out of their BRR holdings.
More details in The Arcade Hall.
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