Thread by @perpprotocol

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

A 🧵...

#OPSummer #Perptimism @optimismPBC

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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🤯

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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💸

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Not only will this improve liquidity, but it'll provide our users with a reliable source of yield through the interest received on the stables they lend out (similar to Aave or Compound)

As well as a boost to their returns with $OP tokens!🔴✨

h/t @realnoobman

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And finally, true to our builder first approach, we'll be using $OP to bring more developers into the @optimismPBC ecosystem👷

A large part of the 9M $OP tokens we're due to receive will help us become the fundamental base layer for decentralized perpetual swaps

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Want to learn more or have any comments/feedback on our $OP plans?

Check out our governance proposal for phase 0 of the OP Stimpack👇

gov.optimism.io/t/gf-phase-0-p…