L2 optimism (DeFi)
Layer 2 DeFi economy on Optimism.
Op token started with big airdrop.
They are incentivizing heavily for optimism network users.
List of Dapps are here;
Rewarding the early users, great!
Here is to share the current rewards status.
Main project on optimism is Synthetix and there are number of projects on top of it such as Thales (Option, Betting market) and Kwenta (Dex).
Velodrome has been the juicy platform.
Velodrome is the fork of Solidly, https://solidly.exchange/
Andre Crojnes project, yes, good.
It is like Curve with upto 4 years lock to get 1:1 vested escrow.
And on Velodrome, you can sell the VeToken which is NFT, like what Andre did on Solidly.
What Convex has done was to convert crv to cvxcrv to be able to trade because vecrv is not able to transfer and boost the reward. And YFI is the strategy aggregator.
Velodrome is currently having massive support from OP incentive.
Your initial investment of VeVELO can instantly get back by OP token.
LP staking and the fair reward system has been the key issue for DeFi, it is being said that Uniswap V3 isn't great to liquidity provider but there is a project called arrakis to incentivize the LP on Thales and Kwenta.
Velodrome's incentive system with bribe and the reward goes to voters seems working and the op incentive is huge for new comers. almost zero risk to start (you can get instant profit as well).
Let's see what wins.
Comments are closed.