FireFUND Expanding to Arbitrum! New contracts on THREE new chains.

FireFUND has a PLAN. They announced a while ago that when they reached $500K in BUSD on Binance Smart Chain, they would open new contracts on Polygon, Fantom, and Arbitrum. And, they have kept with their plan. Today, I’m writing about the Arbitrum contract, and why I’m so excited about it.

First, a very brief description of FireFUND, and why I’m so excited about the new Arbitrum contract.

What is FireFund?

FireFund is a site that excepts a deposit, and rewards you 0.5% in DAILY return. I have been invested for over 2 months, and I have been very pleased with the performance. In short, it has performed exactly as advertised. I won’t go into all the details here. If you want more information, please read these articles (skip past these for much more in this article):

To summarize, I believe in FireFund because:

• They share their portfolio details on DeBank.
• I have successfully withdrawn.
• They have a plan to have zero ponzinomics, and the investing they do with user funds is outpacing the 0.5% daily rewards they are issuing.
• They are built for long-term growth and sustainability.

And, I continue to be as excited about the platform moving forward.

But…….there’s one thing that’s not ideal, and it’s the EXACT thing that the Arbitrum contract solves.

The Binance Smart Chain contract is based in BUSD. That means BUSD in, and BUSD out. Which is fine. But, it is not ideal given the current market conditions, and my belief in the market for the next two years.

BUSD is a stablecoin. No, I’m not worried about the viability of the BUSD stablecoin. I’m worried that I might be better off holding ETH or BTC during the next two years to take advantage of the likely bull market to come.

So, I’m prepared to let my BUSD bag on FireFund grow (0.5% daily) through the coming bull market. But, I am seeking more exposure to the market positive moves (that I believe will happen). So, how will the Arbitrum contract solve this?

Simple. The Arbitrum contract is based on Ethereum! Actually, “wrapped Ethereum”. It’s called WETH on the Arbitrum blockchain. So, you deposit WETH into the Arbitrum FireFund contract, and it rewards you 0.5% in WETH daily. You get to take advantage of the price swings while you earn on your ETH deposit!

So, now I have nearly equal amounts in the BSC-BUSD FireFund contract and the ARB-WETH FireFund contract. A little “hedging my bets”!

If this type of investment interests you, please read on. If not, thanks for reading, make sure to follow for more articles on investing crypto in DeFi!

First, if you’re interested in the BUSD FireFund contract, please visit this article on that contract and how to get started. I’d appreciate if you’d use my referral, since YOU also get 2% of your investment back immediately when you deposit.

Allright, you’re still reading, so here’s how to get started on the Arbitrum contract for FireFund. It’s not super simple, but it’s not really that difficult. I’m summarize the steps, and then detail how to do it.

Summary:

1. Get USDC or ETH to your Arbitrum wallet. I use Metamask and Safepal for Arbitrum, and both work great. Arbitrum uses ETH (non-wrapped) as its gas coin, so make sure you have a small amount of ETH sent as well (some bridge sites supply you with a small amount to get started too).
2. Once on Arbitrum, use Uniswap to exchange USDC for WETH.
3. Goto https://arbitrum.firefund.finance/, and “STAKE”. Use 0x15a6429c32b3c1cd03b427f80d5170690d1f7061
   as your referral code to get an instant 2% back to your FireFund account, which can instantly withdraw.
4. Enjoy the 0.5% daily rewards in WETH, which you can easily swap/bridge back to wherever you need to.
5. Or, you can use the Spritz Finance Spend Card to spend your crypto rewards!

If you seek a more step-by-step path, here’s everything you need to know.

Path 1: Binance Exchange to Arbitrum
Path 2: Binance Smart Chain Metamask to Arbitrum

Path 1: Binance Exchange to Arbitrum

1. You need to purchase Ethereum on Binance or BinanceUS. Whatever amount you wish to use in FireFund/Arbitrum.
2. In Metamask, you’ll need to set up the Arbitrum Blockchain. This guide is effective in doing so. Get your Metamask address.
3. In Binance, you’re going to “Withdraw” your ETH to your Arbitrum Metamask wallet. When you withdraw, make SURE you select the Arbitrum network as your ETH withdrawal network. This is crucial.
4. Send your ETH to your Arbitrum address. For first-time use, I’d highly recommend you send a small amount to make sure it goes through before you send the full amount!
5. Goto Uniswap.org, and change the network to Arbitrum. You’re going to swap your ETH to WETH. Leave a small amount (at least $20 worth of ETH) as normal ETH so you have gas fees to cover transactions. You can always send more ETH to your wallet, but it’s easier to just be prepared.
6. With your new WETH, head over to https://arbitrum.firefund.finance/, and “STAKE”. Use
   0x15a6429c32b3c1cd03b427f80d5170690d1f7061
   as your referral code to get an instant 2% back to your FireFund account, which can instantly withdraw (and then re-deposit in FireFund if you wish!)
7. Done!

Path 2: Binance Smart Chain Metamask to Arbitrum

1. ETH doesn’t bridge well from BSC to Arbitrum (yet). Instead, you’ll want to use USDC. So, swap whatever you want to send to BEP-20 (Binance Smart Chain) USDC.
2. Once you have your BEP-20 USDC, goto SynapseProtocol.com. This is a bridging site, which will accept your Binance Smart Chain coins, and send/bridge them to the Arbitrum chain.

3. When you connect your wallet address using Metamask, your wallet address will be the same on the Arbitrum chain, so you don’t have to enter another address.

4. Note, the Synapse Protocol site will automatically convert a small amount of USDC to ETH for the Arbitrum gas.

5. If you’re at all unsure, send a small amount of USDC to ensure that the bridging works. It takes about 2 minutes for the bridging to complete. Check your Arbitrum wallet now to make sure that the USDC has been received. Once you’re convinced it has arrived, go ahead and send the remainder of any USDC you wish to bridge.

6. Goto Uniswap.org, and change the network to Arbitrum. You’re going to swap your USDC to WETH. Leave a small amount (at least $20 worth of USDC) to swap for normal ETH so you have gas fees to cover future transactions. You can always send more ETH to your wallet, but it’s easier to just be prepared.

7. With your new WETH, head over to https://arbitrum.firefund.finance/, and “STAKE”. Use
0x15a6429c32b3c1cd03b427f80d5170690d1f7061
as your referral code to get an instant 2% back to your FireFund account, which can instantly withdraw (and then re-deposit in FireFund if you wish!)

8. Done!

Conclusion

When the Binance Smart Chain first came out (or rather, when I became aware of it), I was a bit nervous to send funds to it. But, after time, it became quite easy, and I know Arbitrum will be exactly the same.

I’m now in FireFund on Binance Smart Chain (BUSD) and Arbitrum (WETH). My personal plan is to try to identify the market peak and unstake the ETH from Arbitrum, and move it all over to the BUSD contract. But, that’s a ways off.

Remember, when you use a referral code, you get 2% back into your account. If you don’t use a referral, you do not, so make sure to get someone’s if you don’t use mine!

Good hunting!

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