1/17 Cycle 7 of #Optimism grant has ended few days ago with a total of 3,3m $OP granted to some very interesting protocols that will continue shaping Optimism Blockchain.
Let’s go through these 9 projects and how you will be able to ear extra #yield :
2/17 If you want to know more about past cycles and who benefited from $OP Grant, where you can catch some extra yield, check my previous thread on it:
3/17 @iearnfinance is the leading yield aggregator on #ethereum
Grant: 1million $OP
Distribution: 100% to yVAULT depositors!
In Addition, as co-incentive, Yearn said “with the introduction of $veYFI there may be an opportunity to provide additional incentives in the future”
4/17 For info, Yearn is the primitive foundations of #Defi, and acts as a Liquidity as a service for other protocols that can build on top of Yearn as Money Lego.
If you would like a review of how Yearn will reshape the Defi ecosystem, check my video:
5/17 @lifiprotocol is an aggregator of Bridges & Dex that enables easy and efficient cross chain swap
Grant: 200k $OP
Distribution: 50% to pay for gas for FIRST bridge to Optimism => So I advise you to bridge funds using Li.FI
6/17 50% will be used to support projects to integrate LI.FI SDK solution.
If you want to know more about https://t.co/4N8hkG5wFF and a demo on how to use the platform, please check the video I made about them:
7/17 .....did you hear those rumors about potential #Airdrop ?? so using LIFI at 0 cost can be very interesting indeed!
8/17 @showkarma_xyz , a reputation system for DAO contributors.
Grant: 25k $OP
Distributed to develop a dashboard and updated front end on the Governance Forum in order to aggregate all the information about #Optimism Delegates & Governance.
9/17 @rainbowdotme, Rainbow Wallet is focused on #Ethereum ecosystem & L2
Grant: 420k $OP.
Distribution: 100% of $OP will be distributed as an incentive for users to make swaps on Optimism within Rainbow, or to bridge assets to Optimism within Rainbow.
rainbow.me
10/17 @otterspace_xyz is building a flexible and easy-to-use infrastructure for DAOs to use non-transferable NFTs, which we call Badges.
Grant: 50k $OP distributed to new users (1-3$ per wallet)
11/17 @TheDopeWars is an open source metaverse project with a “Play-To-Own” model.
Grant: 300k $OP.
Distribution: 50% will be used to incentivize players of two games (Paper Rock Scissors & Dope Frenzy), the rest is for internal development.
12/17 @TarotFinance is a lending protocol
Grant: 540k $OP
Co-Incentive: 3m $TAROT as Bribes & Liquidity incentives
Distribution: $OP incentives for lending & borrowing activity on Tarot following such diagram, and be distributed over 24 weeks
13/17 I follow @TarotFinance since its early days on #Fantom , so If you want to know more about @tarot, please check this video:
14/17 @SushiSwap is one of the leading multi chain DEX
Grant: 504k $OP + $SUHI as co-incentive
Distribution: To Liquidity Providers for cross chain swap Dapp Sushixswap: sushi.com/blog/sushi-xsw…
15/17
Reward per day over 180days:
•OP-ETH (500 $OP)
•ETH-USDC (1500 $OP)
•ETH-USDT (800 $OP)
16/17 @OvertimeMarkets is a spot markets AMM project incubated by @thalesmarket , built on top of @synthetix_io
Grant: 300k $OP
Distribution:
- 70% in fee rebates
- 30% to incentivize specific events such as the @FIFAWorldCup
More info here:
17/17 Tagging some chads who are deeply involved in the #Optimism ecosystem you should follow
@optimismFND
@OlimpioCrypto
@0xmillie_eth
@BurtRock69
@ThorHartvigsen
@Dynamo_Patrick
@DAdvisoor
@TheDeFinvestor
@DefiIgnas
@defiprincess_
@milesdeutscher
@LadyofCrypto1
If you like this thread, you will make me happy to retweet the post below:
Have a good farming journey!
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