Share this page!

Optimism (✨🔴_🔴✨) Profile picture
Twitter logo
May 31 • 14 tweets • 6 min read
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:
Just over a month ago, we announced our large-scale experiment in digital democratic governance, with a mission of realigning the internet with its constituents.

optimism.io/vision

Shortly after, we announced the OP Stimpack, a two-phase incentive program which activates 231,928,234 OP (5.4% of initial supply) to stimulate growth in the digital city of Optimism.

If you're a builder, Optimism is the place to be!

We have almost 30 Phase 0 proposals. Phase 1 proposals open up soon.

These proposals will constitute the inaugural vote of the Token House, with incentives expected to be distributed to projects over the coming weeks and months.

#OPSummer is here!

gov.optimism.io/c/proposals/38
We also released the first OPerating Manual for the Optimism Collective.

In line with our iterative approach to sustainable governance, this is a living document. We break it all down in “This Governance Will Self Destruct”:

In order to ensure community alignment, we’ve scalped over 17k sybil addresses which slipped through our initial criteria, and redistributed the reclaimed OP to recipients of Drop #1 🪂.

How will the sybils ever recover?

And, with that—today, Drop #1 🪂 claims are officially live.

optimism.mirror.xyz/qvd0WfuLKnePm1…
Remember: OP is L2-native and not yet bridgeable to L1. This means that OP ONLY lives on the Optimism L2, for now. Beware of any fake L1 clones!
A critical part of the claims process is to delegate your voting power to a community member of your choice.

Please take some time to select a delegate who reflects your values--these choices will have real impact on the future of the protocol. Or, delegate to yourself!
The claims process is pretty straightforward, but we've put together this short video to walk you through it:



If you have any questions or concerns, reach out on Discord in #user-support.

discord-gateway.optimism.io
Missed out on Drop #1? Don't worry--we're approaching distribution of OP the same way we are governance: iteratively. There will be more drops that support meaningful engagement with projects in the ecosystem.
The release of OP marks the end of one chapter and the start of an entirely new one on our journey towards a more open, human-centric internet.

In the meantime, it's going to be a hot #OPSummer.

Remember to stay cool and, as always, Optimistic! 🔴✨

app.optimism.io/airdrop

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Optimism (✨🔴_🔴✨)

Optimism (✨🔴_🔴✨) Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @optimismPBC

Optimism (✨🔴_🔴✨) Profile picture
Jun 1
Yesterday was an absolute whirlwind. It wasn't without hiccups, but to much excitement, OP was born. 🔴‿🔴

We’ll have an extensive retro on Drop Day next week. Meanwhile, we want to share some stats coming out of the launch.

With >50% of Drop 1 now claimed, let’s dive in! Image
We hit a couple of major high-water marks yesterday. In terms of transaction count:

Our hourly rate peaked at 12 TPS, averaging about 10 TPS—matching Ethereum itself, while consuming less than 5% of its gas.

We even spiked to over 22 TPS for a bit!

Ethereum is scaling 🌱 Image
Remote Procedure Calls (RPCs) also hit an all-time high, ~20k/second. 🤯

Simply put, these are requests to read network data. This chart shows our free community endpoint.

This includes not just claims, but also Uniswap reads, bridging on Hop, etc--MANY apps saw record traffic. Image
Read 8 tweets
Optimism (✨🔴_🔴✨) Profile picture
Jun 1
Wow, what a day.

OP Drop #1 had a turbulent launch which we finally stabilized after more than five hours of non-stop work.

We’ll be publishing a full, detailed retrospective on the lessons learned next week. Let’s quickly talk about what happened.
At 11am (EST) we deployed and loaded our MerkleDistributor contract with the OP tokens for Drop #1. Our biggest mistake here was failing to make this contract pausable. Claims were open, and we had no way to stop them.

Pandora's box was OPened (gotta love immutability)!
We then deployed our claims UI in preparation for our official announcement. We significantly underestimated the amount of expected load that this would have on our public RPC endpoint. When website visitors found the claims link, the public RPC started getting slammed.
Read 9 tweets
Optimism (✨🔴_🔴✨) Profile picture
May 23
Optimism is for the people, not the sybils.

We’ve been carefully analyzing OP Airdrop #1 for sybil attackers that slipped through the cracks. We’re happy to announce that we’ve removed an additional 17k sybil addresses and recovered over 14 million OP. Bye bye sybils!
All of the OP recovered will be redistributed proportionally to other recipients of Airdrop #1. It’s like an extra mini airdrop 🔴✨
We were extremely careful with the filtering we applied to remove sybils. We’d like to thank the community members who’ve helped us by reporting suspicious accounts. A list of removed addresses can be found here: docs.google.com/spreadsheets/d…
Read 5 tweets
Optimism (✨🔴_🔴✨) Profile picture
May 19
Introducing Optimism Bedrock: the cheapest, fastest, and most advanced rollup architecture. Ever.

Post: dev.optimism.io/introducing-op…

Summary: 🧵👇 Image
When Optimism introduced EVM Equivalence last year, it set the standard for what a rollup needs to look like to remain competitive.
Optimism was the first rollup to introduce core features like:
- Advanced calldata compression
- Support for every EVM opcode and precompile
- Complete Ethereum gas compatibility
- Total tooling support
- Blazing fast EVM-equivalent execution
Read 16 tweets
Optimism (✨🔴_🔴✨) Profile picture
May 17
This Governance Will Self Destruct: Image
Last month, we unveiled our vision for Optimism’s governance system.

Leading up to this milestone, many asked:
“when token?”

But fewer asked the more important question:
“why token?”
The answer is simple:

To distribute control of the network for the benefit of the protocol and its constituents.

This is the increasingly critical mission of the Optimism Collective.
Read 14 tweets
Optimism (✨🔴_🔴✨) Profile picture
May 3
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

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(