1/13

The $OP token and OP Collective turned 1 year old yesterday 🎂

A short thread on what the token is, how you can use it to earn yield and some interesting stats over the past 12 months 🧵 👇

https://twitter.com/OptimismGov/status/1658911399718920227

@optimismFND 2/13

First and foremost, $OP is a crucial component of Optimism's dual-governance model with tokenholders forming what is known as the "Token House" to take part in votes on future upgrades and retroactive public goods funding

Here's our 2nd Twitter list for crypto traders, which includes trading alert bots to help you to sift through and spot the best opportunities 🔎

twitter.com/i/lists/162416…

A 🧵 explaining how each bot in this list can help level up your trading 1. The @DepositDetector bot that detects large deposits which may precede market fluctuations

https://twitter.com/DepositDetector/status/1635687507751841816

Wow, what a whirlwind weekend!

Did you buy the $USDC dip?

Here's a brief summary of what happened 👇 $USDC lost its peg, trading as low as $0.878 on Saturday as it became apparent that Silicon Valley Bank (SVB) would fail

Circle had $3.3bn with SVB (almost 8% of their total assets), which implied a fair price of ~$0.95 for $USDC with a 50% recovery rate

https://twitter.com/Crypto_Joe10/status/1634522348626870272

(1/9)

Introducing Hot Tub:

Democratizing Arbitrage Alpha

Our Hot Tub vaults make alpha accessible through an automated arbitrage strategy!

Here's how 🛁👇 (2/9)

With Hot Tub, Perp turns a sophisticated arbitrage strategy into a simplified vault, where anyone can enjoy a steady return without needing any coding or trading knowledge.

Just sit back, relax in the Hot Tub and grow your $ETH or $USDC stack!

1/ We've joined hands with @DriftProtocol & @GMX_IO to unite around the promise of DeFi:

Transparency, immutability, and decentralization. 2/ By building an aggregated dashboard, we want to commit to greater levels of transparency and provide full visibility into the financial health of our protocols to further differentiate ourselves from our centralized counterparts.

blockworks.co/news/derivativ…

(1/5)
We are hosting a trading competition to celebrate the launch of @dappOS_com pilot version, enabling access to trade from different chains!

Win a share of 25,000 USDT by trading on perp.dappos.org/trade (2/5)
There are two ways to win:

🅰️ Try out the pilot version to win a share of 10,000 USDT
🅱️ Compete by volume for a prize pool of 15,000 USDT

(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

♠️♥️ Battle of the Perp Poker Masters #1 ♦️♣️

It’s been a hot minute since we had our last Hold’em tourney. Since it was so well-received we'll be putting on another at August 13, 2:00 AM UTC! 🃏Format: No-Limit Poker Tournament
🃏Time: Saturday, August 13, 2022 2AM UTC
🃏Entry Fee: NONE (Yup, it’s free!)
🃏Platform: Poker Now -- please login with your Discord ID

(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 👇

(1/4)

The wait is over! Limit Orders are here! 🎉

Enjoy more advanced strategies and improved risk management with the introduction of limit and stop loss orders. (2/4)

📈Limit Orders

Specify the price level at which you want to buy or sell an asset, including a reduce-only option to reduce position size.

(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🤯

(1/4) 📢 PERP Convertible Voucher Offering 📢

We're pleased to announced our Convertible Voucher Offering in partnership with @SolvProtocol!

Learn more👇

blog.perp.fi/announcing-the… (2/4) The offering allows us to raise $5M without selling tokens from our treasury in an innovative fundraising method for DeFi projects

Sign up for the whitelist and complete the tasks before February 15th (23:59 UTC) for a chance to secure a spot👇

gleam.io/QL8Ff/perp-con…

📢 Five Partners Onboarded & $1.5M Token Swap Completed.

Welcoming Teahouse and StakeDAO to our ecosystem fund and completed token swap along with existing partners:
🤝 @dHedgeOrg: $1M
🤝 @CharmFinance: $200k
🤝 @StakeDAOHQ: $200k
🤝 @TeahouseHost: $100k
🤝 @LemmaFinance: $50k

https://twitter.com/perpprotocol/status/1424718361770881036

🌱 @TeahouseHost is an Uniswap v3 yield optimizer with off-chain strategies.

They’ll be a good complement to Charm Finance as both of them use different approaches to make liquidity provision easy on our protocol. 💪

We're thrilled to announce our mainnet is finally here!
You can now trade ETH and BTC perpetual contracts with up to 12x leverage on-chain at:
perp.exchange

(and there is no gas fee during your trades!) 1/4
The mainnet will be guarded and launched progressively.
Here are the caps for the current stage:
👨‍🔧 Personal Position Cap:
BTC/USDC: 0.25
ETH/USDC: 10
📭Open Interest Cap:
500K USD

Each stage will last around 1~2 weeks.

Nice exploration of DeFi derivatives!

medium.com/coinmonks/dece…

Check out some highlights in this thread 👇 One aspect of DeFi that's so empowering:

Profits stay in the community vs being siphoned away.

"...decentralised derivatives protocols will allow users to capture trading fees generated by the trading of derivatives."

1/8
After a nerve-racking 20,850 blocks (around three days), we finally concluded the first-ever @BalancerLabs liquidity bootstrapping pool (LBP) on last Saturday!

Thanks everyone for your participation 🙏 2/8
Firstly, a quick recap:
1️⃣ Total Participants: 1355
2️⃣ Final Token Holders: 1221
3️⃣ Highest Price: 2.304 USDC
4️⃣ Lowest Price: 1.058 USDC
5️⃣ Closing Price: 2.076 USDC

The price volatility should be one the lowest among all of the token distribution approaches on a DEX 👇