Discover and read the best of Twitter Threads about #opsummer

Most recents (11)

(1/5)

The Perp Progress Report for H1 2022 is out!

Let's revisit key milestones of the first half of 2022 and see what's coming up next 👇
(2/5)

Since Perp v2's launch, a total of $12 billion in volume has been achieved from over 15,000 distinct traders, collectively placing more than four million trades.

This has made Perp v2 the protocol with the highest number of transactions on @OptimismFND #L222
(3/5)

What did we release in H1 2022? Some of the highlights from the first six months of 2022

- 16 new trading pairs listed on app.perp.com
- Multi-collateral feature ($ETH/wETH, $FRAX)
- Advanced Order Types
- Pool Party💧Liquidity mining in #OPsummer
Read 5 tweets
Is #OPSummer happening right now, or are we entering it? Can @optimismFND TVL flip @arbitrum?

Here is what's happening in @optimismFND and why you should start farming there if you haven’t already.

1/x 🧵
First why we are having this convo right now?

1. $OP has been outperforming $ETH the last 2 weeks by over 100%.
2. @optimismFND TVL almost doubled in July and up over 40% last week, the biggest increase in TVL among all major chains.
Read 25 tweets
(1/5)
Get ready for the Perp x #OPsummer Pool Party 🏖️🍹

Dive into our Liquidity Pools and earn $OP and $PERP rewards on top of the transaction fees as a maker 💦

To get the party started we are rewarding 👏every 👏 single 👏 LP 👏 on 👏 Perp v2 with a retroactive airdrop!
(2/5)
As liquidity is key for any exchange we want to incentivize liquidity provision by distributing 8M $OP from the phase 0 @optimismFND Stimpack allocation to our liquidity providers.

Read on to find out more about the Pool Party and retroactive airdrop 👇
(3/5)
🪂Retro $OP Airdrop 🪂

We want to thank every maker that has been with us from the start!

Next Monday, 1.8M OP will be sent directly to all makers' wallets that have provided liquidity since the launch of Perp v2 Curie until June 1, 2022

Eligible? docs.google.com/spreadsheets/d…
Read 5 tweets
We're kicking #OPsummer into high-gear, racers.

Let's talk about the 750,000 in $OP incentives coming to $veVELO lockers in the coming weeks and months.

Things are about to heat up! 🚴‍♀️💨

👇
Those who lock $VELO are making a long-term bet on both Velodrome and the @optimismFND ecosystem.

Their votes control protocol emissions and they earn 100% of the fees and bribes for pairs they vote for.

In other words, lockers are essential to the flywheel.
That is why we are reducing the barrier to entry for individuals or protocols through $OP incentives.

Making it even more capital efficient for folks to get engaged in the #VeloRaces.

And helping early movers build liquidity on their pairs without diluting their holders.
Read 7 tweets
✨Exciting News Racers ✨

Velodrome is receiving a 3,000,000 $OP grant from @optimismPBC to accelerate our efforts deepen liquidity and drive value back to the ecosystem.

Want details on the grant and how we'll use it?

Let's go for a quick ride!🚴‍♀️💨

👇
Velodrome is an AMM designed to be the central trading and liquidity marketplace on Optimism.

We operate as a public good, where 100% of fees and bribes goes back to $veVELO lockers.

@optimismPBC bootstrapped us to help solve the biggest barrier to ecosytem growth: liquidity.
Deep liquidity on ecosystem pairs is essential to protocols ability to lure users away from main-net + attract the volume needed to fuel exponential growth.

Users need low fee, low slippage swaps at scale.

And that volume should produce value for the ecosystem, not extract it.
Read 9 tweets
(1/6)

How do we plan to distribute the 9 million $OP tokens from our $OP Stimpack allocation?

A 🧵...

#OPSummer #Perptimism @optimismPBC
(2/6)

Firstly, we want to incentivize market makers to provide deep liquidity & grow our trading volumes even further📈

We've achieved >$10B in trading volumes so far without any major incentives, so imagine what we could achieve with $OP incentives for liquidity providers🤯 Image
(3/6)

Secondly, there's another way we'll use $OP tokens to attract more liquidity to our platform....

Offer DeFi users a reliable and low-risk yield by allowing them to lending out their stables to our market making entity to earn a return💸 Image
Read 6 tweets
Let the claims (officially) begin! 🔴‿🔴
A quick note: we're experiencing an all-time high load right now. We've provisioned more capacity, but increased traffic may cause slow response times.

We'll release a full drop day retrospective in the coming weeks. Thanks for your patience and stay OPtimistic! 🔴✨
If it wasn’t clear by now, this isn't your average token launch.

The Optimism Collective is so much more: a grand experiment in decentralized governance that will evolve over time. OP and the Token House are just the first step.

OP Drop #1 🪂 is live NOW. But first, a recap:
Read 14 tweets
Velodrome is an AMM designed as the central trading and liquidity marketplace on @optimismPBC.

It is the next evolution of the @solidlyexchange model introduced by Andew Cronje.

Launching on May 31st with 10+ partners, it will kick start #OPSummer.

Need a 101?👇🧵
A quick rundown, in four parts:

𝟏. On Solidly
𝟐. On Velodrome
𝟑. On Launch
𝟒. On The Future
𝟏. On Solidly

Andre designed Solidly as a next-gen AMM optimized to facilitate swapping of both correlated and uncorrelated assets.

Similar to Curve, those who lock their tokens are able to vote to steer emissions to desired pools and receive a cut of protocol fee revenue.
Read 21 tweets
The #VeloRaces on @optimismPBC begin Tuesday!

Want to be ready? 🚴‍♀️💨 We've got you covered.

#OPSummer is about to get rolling.

👇🧵 Image
On May 31st, Velodrome Finance goes live.

What will you be able to do?
↔️ Swap Tokens
🪙 Deposit LPs
🔐 Lock $VELO as $veVELO
💸 Deposit Bribes
🗳 Vote for Pools
🪂 Claim Airdrops
For those claiming their 🪂...

All snapshots are complete for DeFi + OP users. You will be able to check your eligibility on May 31st.

Anyone holding or purchasing $WeVE will redeem it on #Fantom and claim $USDC and $VELO on Optimism.

See 👇

Read 13 tweets
1/ Hey Anon, missed out on @optimismPBC #airdrop 😭? Fear not! They announced ~230M $OP token fund to “incentivize growth” as part of Token House initiative (read: user rewards 🪂). We answer your burning questions - what’s the deal and what should be your play on this 🦍?
🧵👇 Image
2/ What’s the deal? Ecosystem growth fund that will allocate 5.4% of total $OP supply to projects so they pass this on to participants to encourage growth 🤑. This is NOT your Airdrop #2! Airdrop 2 is a separate pot that is yet TBC Image
3/ Fund allocation has 2 phases: Phase 0️⃣ (3-24 May) has 27 biggest OP apps get 300k-9mln tokens. Native apps get a whopping x3 multiplier. Projects MUST make proposal on how their allocation be used to spur growth. $OP holders then vote on it 🗳. If passed, projects get their💰 Image
Read 26 tweets
Excitement is in the air.

It’s going to be an OP Summer.

Today we're announcing the OP Stimpack, activating a pool of ~230M OP to incentivize project growth on Optimism. Image
This represents the inaugural action of the Token House.

This OP will be disbursed to projects old and new to reward past and incentivize future Optimism builders.

We're laying the Bedrock of a new digital frontier, but it's the projects and users who will bring it to life. Image
Rollout will occur in 2 parts: Phase 0 and Phase 1.

Phase 0 starts now and runs for 3 weeks. It rewards early movers on Optimism who have demonstrated traction via on-chain criteria.

Eligible projects can publish a proposal with their distribution plan on the governance forum. Image
Read 6 tweets

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