Perpetual Pools operate on a network called Arbitrum One. Arbitrum One is a 'layer 2' network, which means it's powered by a blockchain but, unlike the 'layer 1' blockchain, it offers lightning fast transactions and fewer fees.
Because it's both fast and less costly to use, Arbitrum offers a better user experience than Ethereum. To move from Ethereum to Arbitrum (and use Perpetual Pools), you'll need to send your assets to the new network. First, add it to your wallet:
- 1.Open MetaMask wallet.
- 2.Select the network drop down.
- 3.Select 'Custom RPC'.
- 4.Enter the following details and select 'Save'.
You'll need to move your assets from ethereum to the new network to use pools. Moving from the mainnet to a layer 2 is called 'bridging'. If you don't have any assets on Arbitrum, bridge some from Ethereum or buy them directly with an on-ramp.
Sometimes, the public Arbitrum RPC is slow to load. The public RPC is the one you've used to add the new network to your wallet. If you are experiencing slow loading times when you use Perpetual Pools, try setting-up a custom RPC:
- 2.Select 'Ethereum' as the ecosystem.
- 3.Create an app. Ensure you select 'Arbitrum Mainnet' as the network.
- 4.Select 'VIEW DETAILS' on the application you just created.
- 5.Select 'VIEW KEY'.
- 6.Copy the HTTP link.
- 8.Select on the 'Account' drop down and select 'Settings'.
- 9.Select 'Networks'.
- 10.Select 'Arbitrum One'.
- 11.Paste the copied HTTP link to replace the existing 'New RPC URL'.
- 12.Select 'Save'.