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How to seize what may be the last airdrop opportunity for the Optimism ecosystem?

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How to welcome "Layer2 Summer"?

Original title: "Understand the mainstream projects of the Optimism ecology, seize the last airdrop opportunity"

Original author: Kyle, Tao of the Metaverse

Are you ready for the "Layer2 Season"?

Before this, I think we have all seen the teaser trailer of Optimism about preparing to improve their ecosystem, which is the article published by Optimism: "The New Chapter "

In this article, we first look at the so-called Scalability Trilemma and Optimistic Rollup, and then look at its emerging ecosystems.

The Scalability Trilemma

This main question focuses on how we can increase TPS while ensuring that the state does not grow out of control so that there is no centralization of the validators of the chain.

How can we solve this problem without making any compromises?

Solutions

We can partition the blockchain state so that validators don't need to validate every transaction.

Other solutions assume moving computation from layer 1 (Layer1) to another layer, but also ensure the same security and Finality.

Introducing Optimistic Rollup

Optimistic Rollups is an L2 scaling solution that operates by committing state updates to the underlying L1. OR can reduce gas costs by a factor of 10-100.

But the serious question before us is: how do we ensure that these new status updates are valid?

Proof of Fraud

Interestingly, Optimistic Rollup (OR) ("Optimistic Rollup") gets its name from the fact that they issued a status update for ETH L1 without formal proof (optimistic).

However, if two block producers disagree with a state update that occurred in a block, they can enter the dispute resolution process.

A fraud proof is a mechanism for formally verifying that a state update is correct using state data.

In case of dispute, the correct status update will be submitted. If no objections are raised after 7 days, the status is considered final.

Therefore there is a 7-day withdrawal period throughout the process.

Optimism Token

In Optimism's recent media post, they articulate a "new chapter" driven by community ownership and governance.

I think we all know this hints that Optimism will be launching their L2 governance token in the coming weeks.

allocation

While guessing, I think Optimism will retroactively airdrop both types of participants.

1. Early OR cross-chain bridge users/protocol users

2. Actual protocol already deployed on Optimism

Optimism will use its governance token to motivate on-chain activities for the following reasons.

Ecosystem Incentives

The Optimism team wants to bootstrap their ecosystem and ensure users connect to the network and interact with the protocols deployed on-chain.

This will lead to a substantial increase in yield, so farmers waiting for yield farming and mining can prepare now.

Optimism Tool Resources

Here are some tools and resources to help you monitor the growth of Optimism.

L2 TVL: https://l2 beat.com

Optimism analysis: https://dune.com/Marcov/Optimism-Ethereum

Transaction cost: https://dune.com/optimismpbc/Optimism

Optimism Browser: https://optimistic.etherscan.io/

Optimism Bridge

The main question you want answered is probably how do I bridge assets to Optimism and how do I avoid the 7 day withdrawal period.

Official Bridge: Optimism Gateway‌

However, there are faster ways to get money in and out of Optimism. The most fluid of these third-party bridges is the Synapse Protocol. Synapse is an AMM, so there will be slippage when funds enter and exit Optimism, but it is better than locking assets for 7 days.

Other bridges

1 - Hop Protocol: https://App .hop.exchange

2 - Across: https://across.to

3 - cBridge: https://cbridge.celer.network/#/transfer

4 - Connext: https://bridge.connext.network/

Optimism Ecosystem

So, as we said, what are the actual protocols deployed on Optimism?

Protocols deployed on Optimism look minimal compared to Arbitrum, but that is expected to change after L2 incentives are implemented.

The most commonly used protocols are listed below.

Perpetual Protocol

Perpetual is a DEX derivatives protocol that pioneered the vAMM architecture, which other derivatives trading platforms have also implemented.

By providing centralized liquidity, you can long/short various assets, as well as market making.

Link: https://app.perp.com //

Synthetix

This blue chip DeFi protocol is one of the first to be deployed on Optimism. Synthetix was previously a purely synthetic asset platform, but after expanding with Kwenta‌ their ecosystem started to include derivatives.

Link: https://synthetix.io/

Lyra Finance

Lyra is an options protocol that aims to improve the options trading experience with fast transaction confirmation times and low gas fees provided by Optimism.

Link: https://www.lyra.finance //

Quixotic

Quixotic is Optimism’s main NFT platform that hosts a variety of collectibles.

I expect a brand new set of NFT collectibles to launch on their platform in the coming weeks and expect a huge increase in trading activity on Optimism.

Link: https://quixotic.io/