On October 26th, Web3 bounty platform Layer3 launched a community proposal on Arbitrum, proposing to apply for 1 million ARB tokens to deploy 95 tasks in 62 applications, including designing Quests and marketing expenses, continuing until May 19, 2024. All applied funds will be mainly used for updates and maintenance, community participation, partnership relationships, performance tracking and reporting, and users will receive governance tokens XP and NFTs.

On October 25th, according to the Snapshot governance page, the Arbitrum community proposed to "distribute a total of 500,000 ARB tokens evenly among 25 early community contributors" to recognize and reward outstanding contributions from members of the community with the Arbiter (Community) tag on the official Arbitrum Discord. The proposal states that these contributors have played a key role in the development of Arbitrum, including translation, promotion, event organization, community guidance, security, and collaboration with other communities.

On October 24th, Arbitrum launched the third week of the Odyssey event at 0:00 today. This week's interactive tasks for Odyssey involve mainstream exchange Uniswap and derivative exchange ApeX Pro, and users can earn Galxe badge rewards by completing tasks. According to the schedule, the end time for this week's event is 12:00 on October 28th Eastern Time (0:00 on October 29th Beijing Time), and badge applications will be open until 12:00 on October 29th Eastern Time (0:00 on October 30th Beijing Time).

The governance platform, the multi-chain lending protocol Radiant Capital has launched the RFP-24 proposal vote to "incentivize long-term dLP lockers on the mainnet using strategic ARB reserves." The vote will end on October 26th at 04:16 Beijing time. Currently, the proposal has a 92.88% opposition rate, 6.86% support rate, and 8.1 million proposal participants, reaching the required number.

According to Scopescan monitoring, 40 minutes ago, Wintermute transferred 2 million ARB to Binance.

On October 19th, it was reported that the ETH leveraged protocol f(x) has adopted LayerZero's homogeneous token (OFT) standard, allowing users to cross-chain fETH, xETH, and FXN tokens to the Arbitrum network. The minting and exchange of fETH and xETH will still only take place on the main network, but token bridging between Ethereum and Arbitrum can be completed through the bridge option on the official website.

Bracket Labs has launched the testnet for its volatility market product Passages based on Arbitrum. Passages is a new one-click range trading platform created by a senior team with experience from companies such as DE Shaw, Merrill Lynch, Barclays, Bloomberg, Consensys, and DeerCreek. It provides leveraged volatility options suitable for any market condition.

About 20.2 million ARB (worth $16.3 million) were redistributed through Coinbase after Spot On Chain monitoring reported false news about the US SEC approving the iShares Bitcoin Spot ETF on Cointelegraph.

October 13th, the first round of voting for Arbitrum's Short-term Incentive Plan (STIP) has been completed. According to Arbitrum rules, out of the 97 proposals submitted, 29 projects will be able to participate in this incentive plan, including Camelot, Jones, Dopex, GMX, Galxe, LODESTAR, Socket, Timeswap, RADIANT, Pendle, MUX, Frax, Tally, Rysk, Silo, Stella, Good, Gamma, Umami, Abracadabra, KyberSwap, OpenOcean, Angle, Trader, Dolomite, Premia, Vertex, Perennial, and Balancer.

October 13th, according to PeckShield monitoring, Beluga Protocol, a DeFi protocol on Arbitrum, was attacked and lost 108.9 ETH. The initial funding for the attacker's address came from 0.1 ETH on OKX.