Gold Rush Handbook | Circle Arc Early Interaction Step-by-Step Guide

The market remains sluggish, but we are not giving up.

Written by: KarenZ, Foresight News

It has been three weeks since Circle's Layer 1 blockchain Arc launched its testnet. Unlike many Layer 2s, Arc positions itself as the "economic operating system of the internet." Its biggest killer feature is the direct use of USDC as gas fees, meaning that users and institutions do not need to hold ETH or other volatile tokens to operate on-chain.

In addition, Arc is EVM-compatible, offers configurable privacy options to support compliance requirements, and is directly integrated with Circle's full-stack platform, making it suitable for applications such as lending, capital markets, foreign exchange, and payments.

More importantly, as an EVM-compatible chain built by stablecoin giant Circle, Arc boasts two core advantages: on one hand, it leverages Circle's accumulated TradFi resources, and on the other, it relies on the vast liquidity pool of USDC. This makes it highly likely to become a core hub for RWA (real-world assets) and enterprise-level applications in the future, giving it a first-mover advantage in institutional blockchain applications.

On the day of its Q3 financial report release, Circle also revealed that it is currently exploring the possibility of launching a native token on Arc. At present, Arc is in the public testnet stage, making it an early window for users to experience features and explore potential ecosystem opportunities. It should be noted that testnet interactions do not necessarily guarantee subsequent rewards, so it is recommended to participate with a mindset of learning and experience, and to view airdrop opportunities rationally.

The following is a summary of 8 interaction steps, covering basic configuration, contract deployment, token swaps, and NFT minting operations.

Arc Interaction Guide:

1. Add the Arc testnet network:

2. Claim USDC or EURC test tokens:

3. On OnChainGM, select the Arc testnet, send GM interaction and deploy contracts, both operations require wallet signature:

4. On zkCodex, send GM, deploy simple contracts, token contracts, NFT contracts, and mint commemorative NFTs:

5. On OmniHub, deploy an NFT series (requires uploading images, confirming names, etc.):

6. On Curve, swap USDC for WUSDC on the Arc testnet, and add USDC/EURC liquidity:

7. On Arc ecosystem's native DEX ArcFlow Finance, after following the official Twitter and joining the project's Discord server, mint the Genesis Pass NFT.

8. Register a domain name on InfinityName:

It is worth mentioning that Arc previously announced the first batch of 11 projects built on the public testnet, including: ZKP2P, a P2P fiat channel project supported by ZK proofs; Sequence, a universal crypto trading platform; Superface, a smart agent solution interconnection platform; Blockradar, stablecoin wallet infrastructure; Copperx, stablecoin banking services; Crossmint, a crypto API development company; Hurupay, a cross-border fund transfer and management program; Para, wallet infrastructure; CFi, a personalized financial platform; Hinkal, a wallet based on zero-knowledge proofs; and Axelar Network, a cross-chain infrastructure.

These projects will implement use cases in lending, capital markets, foreign exchange, payments, and other fields on Arc. However, the specific development progress of most projects has not yet been disclosed to the public.