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
Phase 1 is open to any project that aligns with the Optimistic Vision and can demonstrate a clear plan for using OP to incentivize future project growth on Optimism to the Token House.

Phase 1 begins after Drop #1 🪂 (Q2)

optimism.io/vision
OP Stimpack is set to kick off a hot #OPSummer.

Now is a great time to try our completely re-designed bridge, allowing seamless movement of assets between Optimism, L1, other L2s, and CEXs.

app.optimism.io/bridge
Read the blog post for full details on OP Stimpack:

optimism.mirror.xyz/ND1czJOoJYyUQr…

See you on the internet frontier, nerds!

Until next time, stay Optimistic! 🔴✨

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More from @optimismPBC

Apr 26
Introducing the Optimism Collective: Image
Ethereum is ready for its next chapter.

We are ready to scale not only Ethereum (the network), but also the values that thrust it onto the global stage in the first place.

The Optimism Collective is here to reconstruct the incentives of the internet 👇
Web3 offers an opportunity to rebuild the entire internet. To align it with the values of its users, rather than to extract.

Many have lost sight of this in pursuit of cheap fees and a quick buck.

To forget these values is to neglect what made crypto so promising to begin with. Image
Read 22 tweets
Apr 19
Optimism's story so far, by the numbers:

🔴 Saved $1.1B in gas fees
🔴 On-boarded 300k unique addresses
🔴 Secured $900M of value
🔴 Facilitated $17.4B in TX volume
🔴 Generated $24.5M in revenue

A new chapter is near.

Let’s take a minute to reflect on the path so far.

👇
We began Optimism as a research nonprofit called Plasma Group.

It was a different time. Pre-1559. Pre-rollups. Pre-gas-crisis.

Yet we spent it neck-deep scribbling on whiteboards alongside the research community.

We knew Ethereum would need to scale to realize its vision.
The late nights really started to pay off in June 2019.

The community began to see that Vitalik’s rollup designs could be applied to plasma’s “optimistic” model.

The Optimistic Rollup was born.

medium.com/plasma-group/e…
Read 13 tweets
Mar 17
After over a year on mainnet, our milestones keep adding up: $1B in gas fees saved for users, thousands of smart contracts deployed, three separate forks...

And now: funds raised to the tune of $150M, giving us runway to keep shipping rain or shine.

medium.com/ethereum-optim…
Speaking of shipping—thanks to true EVM equivalence and best-in-class devex, our community is expanding at a blistering pace.

Since removing the whitelist and performing our final regenesis upgrade, it’s been up only 🚀

If you’re a builder, come deploy!

We’re extremely excited, to say the least, and it's only just beginning.

We've already cut fees by 30% in the last year and the imminent launch of calldata compression will reduce them up to 40% more.

medium.com/ethereum-optim…
Read 8 tweets
Mar 11
There's an open secret about the decentralization of Layer 2's: whether or not they have fault or validity proofs is irrelevant if they're controlled by upgrade keys.

There, we said it. 🤷‍♀️

So what is a real viable path towards decentralization?

optimismpbc.medium.com/our-pragmatic-…
First, let's acknowledge upgrade keys serve a vital function for the time being.

They exist because writing complex code without bugs is extremely hard.

Without upgrade keys as a last resort, there would be no recourse to potentially catastrophic bugs.
So how do you mitigate the risk posed by incredibly complex systems with billions of dollars on the line?

Ethereum has been doing it for years through its redundant, interoperable multi-client ecosystem.

This system guarantees high security and availability.
Read 9 tweets
Mar 9
Cannon (CANNON CANNON CANNON) is our next-gen fault proof architecture, and it’s coming soon.

It enables optimal data costs.

It effortlessly preserves EVM equivalence.

Its very first bug bounty goes live today. 💥

medium.com/ethereum-optim…
We’d like to give a huge shoutout to the one and only @realGeorgeHotz for helping us build cannon.

If you’re looking for the clout to say you pwned a famous hacker, this is your shot:

immunefi.com/bounty/optimis…
Cannon was built from day 1 with our upcoming release—Optimism: Bedrock—in mind. Bedrock will take the lessons we’ve learned over years of protocol development into the best rollup you’ve ever seen. We just couldn’t be more excited. Image
Read 4 tweets
Mar 4
Today on Ethereum #AllCoreDevs, our very own @protolambda presented EIP-4844: Shard Blob Transactions.



With the potential to decrease fees by 100x for all rollups, and a practical path to implementation, we strongly support this EIP.

But how, you ask?🧶
In short: introduce a new transaction format for posting “data blobs” to L1, which contain arbitrary data for use in rollups. This idea was introduced by @dankrad and @VitalikButerin...
notes.ethereum.org/@vbuterin/blob…
Read 10 tweets

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