Datamine FLUX Expands Layer Two Presence on Arbitrum
💡 AI Article Summary
Seamless Layer 1 to Layer 2 Bridging
Datamine FLUX, which has operated securely for five years, is transitioning heavily toward Arbitrum Layer 2. Originally minted on Ethereum Layer 1 by locking DAM tokens, FLUX can now be seamlessly bridged to Layer 2. This is made possible through a custom ERC777 bridge developed in collaboration with Arbitrum. Moving FLUX to Layer 2 addresses historically high Ethereum gas fees, reducing transaction costs from up to $30 down to approximately $0.01.
Powering the Multi-Chain Token Ecosystem
Bridging FLUX to Arbitrum unlocks the next phase of the Datamine monetary ecosystem. Once on Layer 2, FLUX can be locked to generate ArbiFLUX, which in turn can be locked to mint LOCK. This multi-chain flow increases transaction velocity, enhances stability, and supports a highly liquid decentralized network. This architecture enables community-driven GameFi applications like Datamine Gems and HODL Clicker to run efficiently without high gas barriers.
🔥All the Datamine 
FLUX is making it's way to Arbitrum L2
All the FLUX is first minted on Ethereum L1 and then bridged over using a custom ERC777 bridge. (Thanks arbitrum for working with us on this back in 2021!)
Datamine FLUX is now running for 5 years! We're happy to be in DeFi spaces as the early adopters!
Super excited to see what the next 5 years brings to our ecosystem! 👀
https://t.co/MBsMTkMliq
Ethereum Bitcoin
Frequently Asked Questions
How is FLUX moved from Ethereum to Arbitrum?
FLUX is first minted on Ethereum Layer 1 by locking DAM. It is then transferred to Arbitrum Layer 2 using a custom-built, secure ERC777 bridge.
What is the benefit of bridging FLUX to Layer 2?
Bridging FLUX to Arbitrum L2 drastically lowers transaction fees from roughly $30 on Layer 1 to approximately $0.01. This cost reduction allows for efficient token locking, burning, and GameFi participation.
How does FLUX fit into the broader Datamine ecosystem?
FLUX acts as the utility bridge between Ethereum (L1) and Arbitrum (L2). Locking DAM generates FLUX on L1, which is bridged to L2 to mint ArbiFLUX, ultimately powering the stability-focused LOCK token.
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