AVS Screening - ARPA Network

# AVS Screening - ARPA Network ## ARPA Network Contract address: [0x1de75eaab2df55d467494a172652579e6fa4540e](https://etherscan.io/address/0x1de75eaab2df55d467494a172652579e6fa4540e#readProxyContract) Website: https://www.arpanetwork.io Twitter: https://x.com/arpaofficial Docs: https://docs.arpanetwork.io/ Blog: https://arpa.medium.com/ AVS Category: ETH Restaked: 208,285.487 Total Operators: 23 Total restakers: 93,1810 Competitors: [Secret Network](https://scrt.network/), [Chainlink](https://chain.link/), [Oasis Protocol](https://oasisprotocol.org/), [Silent Labs](https://www.silencelaboratories.com/) Mainnet Date: [May-16-2024](https://etherscan.io/tx/0x5dca9fc00cf53ff6d562eba3b4b0f04191069776d761d3f4dab9449fc3d8d100) Economic Security wanted: ? Operator limits: None Points program: None ### AVS Description ARPA Network is a secure computation network designed for blockchain-adapted cryptography. It enables decentralized functionalities such as verifiable random number generation, secure wallets, and cross-chain bridges. The network's threshold BLS signature service ensures security and tamper-proof operations by distributing nodes across multiple group of nodes. The ARPA Network enables the development of applications that involve secure key management, anonymous transactions, cross-chain messaging, quorum approval, and distributed randomness generation. Network is adaptable to various blockchains, supporting a multi-chain future and providing high availability through asynchronous non-interactive communication. First application built on ARPA Network is [Randcast](https://docs.arpanetwork.io/randcast) - on-chain verifiable random number generation service. Randcast leverages the ARPA Network's nodes to perform BLS threshold signature tasks, ensuring that the generated randomness is secure, unbiased, and verifiable. It provides developers with a Smart Contract SDK that can be easily integrated into decentralized applications (DApps) to perform tasks like rolling dice, shuffling arrays, and generating random in-game elements. ### Categorization **Cryptographic-security-as-a-Service (CSaaS)** as "Web3 Infrastructure" sub-category. It can also be categorized as "Secure MPC" ### Unique Selling Proposition ARPA Network is the first decentralized secure computation network that is built specifically for blockchains. Protocol unique selling propositions are: - **Decentralization** - the network operates through multiple nodes distributed across multiple groups, ensuring there is no single point of failur. - **Security** - utilizing threshold BLS signature schemes, ARPA Network ensures that signatures are tamper-proof and verifiable, providing robust cryptographic security. - **Flexibility** - the network supports various applications and allows customization of signature policies to meet different security requirements and use cases. - **Verifiability** - all generated signatures van be verified on-chain. - **Blockchain-Agnostic** - ARPA network is adaptable to multiple blockchains. ### Economic Model The ARPA Network integrates EigenLayer's dual staking model, using both ARPA and ETH tokens to enhance security through Ethereum's shared security framework.([source](https://www.stakingrewards.com/asset/arpa)) ARPA token initial allocation: ![image](https://hackmd.io/_uploads/rJ7oBIwF0.png) (source: [CryptoRank](https://cryptorank.io/price/arpa/vesting)) ** Private Round 1 - 5.00% and Private Round 2 - 5.00% ### Points Program N/А ### Other Product Information There are no other applications built on ARPA Network (only Randcast). ### Builders ARPA Network core team members (source: [RootData](https://www.rootdata.com/Projects/detail/ARPA?k=MTQ3NQ%3D%3D)): - **Bomo Shen**, co-founder and Director of ARPA, has extensive experience in networking and systems administration, particularly with Windows, Mac, and Linux servers and systems. He graduated from the University of Iowa. - **Yemu Xu** is the co-founder of ARPA and Bella, and he worked for Fidelity Investments as an actuarial consultant. - **Felix Xu** is Co-Founder and CEO of ARPA and Bella Protocol. He graduated with a degree in Finance and Information Systems from New York University, renowned for its Computer Science and AI research. For the past six years, Felix has been engaged in venture capital investment in Fintech, big data, and AI startups. Most recently, he led blockchain sector research and early-stage investment at Fosun Group, one of the largest conglomerates in China. [ARPA Network LinkedIn profile](https://www.linkedin.com/company/arpanetwork/people/) ### Backers **Investors**: Binance Labs, Coinbase, GBIC, Arrington Capital, Animoca Ventures, Laser Digital, DeFinance, DWF Labs, Metrics Ventures, ArkStream Capital,Redline Labs, Coefficient Capital, Zonff Partners, Ledger Capital, Metropolis VC, Trinito and c2 ventures. ([source](https://www.rootdata.com/Projects/detail/ARPA?k=MTQ3NQ%3D%3D)) **Partnerships**: [ChainUp](https://www.chainup.com/zh/news/1684484035355549697), [Cradles](https://arpa.medium.com/arpa-randcast-and-cradles-forge-strategic-partnership-to-advance-web3-gaming-innovation-ee5f026aee26), [Redstone (Randcast integration)](https://arpa.medium.com/randcast-integrates-redstone-accelerating-enhancement-of-on-https://arpa.medium.com/arpa-randcast-joins-force-with-ancient8-to-elevate-web3-gaming-experience-898802a55b0bchain-gaming-experience-and-autonomous-0a7a46ea22c4), [Ancient8](https://), [Prom Ecosystem](https://medium.com/@vitali.dyakoff/arpa-joins-prom-ecosystem-a-leap-forward-in-web3-innovation-ce1d8968ced8) ### Centralization AVS contract ([0x1DE75EaAb2df55d467494A172652579E6FA4540E](https://etherscan.io/address/0x1de75eaab2df55d467494a172652579e6fa4540e#readProxyContract)) is controlled by EOA - [0xfdeedE3aa92583a46a419190c3e58d035b1fE060](https://etherscan.io/address/0xfdeedE3aa92583a46a419190c3e58d035b1fE060) (contract owner) ### Security ARPA Network Bug Bounty program on ImmuneFi, up to $50,000. ([source](https://arpa.medium.com/join-arpas-bug-bounty-program-with-immunefi-up-to-50-000-in-rewards-18d9fbd7b193)) ### Maturity Mainnet date: [May-16-2024](https://etherscan.io/tx/0x5dca9fc00cf53ff6d562eba3b4b0f04191069776d761d3f4dab9449fc3d8d100) ### Operators Opt-Out Documentation does not indicate a mandatory waiting period for operators who wish to opt-out. ### Regulatory Complexity Low risk of legal challenges is anticipated for the project, rooted in its infrastructural nature, which positions it to be regulatory agnostic. ### Risk Considerations EOA controls the AVS contract;