Partnered With:

These Optimism ecology projects have enabled mining reward activities, with users gaining tens of thousands of OP tokens for participation

Read this article in 12 Minutes

This article describes the projects and activities that have pioneered OP mining incentives.

Original title: "OP Summer Is Here? These projects Have started mining and Will reward thousands of modernist Tokens."

Author: Sea of Fog, PANews

The economic model of Modernism establishes retrospective financing of public goods. The project may be proposed for Modernism Collective funding. According to Snapshot voting records, currently there are more than 50 projects that have applied, and the single projects that have been approved have received funding ranging from 300,000 to 10 million OP.

Recently, project owners who have won public goods traceability funding have started to engage with ecology and have started to engage in mining to get OP Token awards. In this article, PANews will introduce the projects and activities that have been the first to engage in OP mining awards.

Aave: Liquidity mining distribution of 5 million OP

Aave is an open source, unmanaged, decentralized crypto asset lending protocol that allows users to participate as depositors or borrowers. Depositors provide liquidity to the market to earn passive income, while borrowers can borrow either as overcollaterals (permanent) or undercollaterals (single liquidity).

Aave officials announced in a tweet on August 5 (Beijing time) that Aave V3 has been activated with a "modernism liquidity mining" program that will last 90 days and deliver 5 million OPs to Aave protocol "modernism" market users. Users can currently use ETH, USDC, USDT and other assets to mine, the current annualized rate of return is 4%-6%.

Website: https://app.aave.com/

WePiggy: Split 240,000 ops and 75 million WPCS

WePiggy is an open source, unmanaged crypto asset lending agreement. In the market of WePiggy, users can deposit specific crypto assets to earn interest, or pay a certain interest to borrow some crypto assets. Compared with Compound and Aave and other pioneers, WePiggy actively creates a richer lending market, optimizes the execution efficiency of smart contracts, and even expands more dimensions of business logic on the premise of giving priority to capital security.

WePiggy will officially launch the LockDrop event at 16:00 on August 3, Beijing time. Users can deposit pUSDC obtained by pledging USDC into one or more WePiggy LockDrop pools to obtain $OP and $WPC rewards.

The pUSDC lockup period is divided into 30 days, 90 days and 180 days. The total reward includes 240,000 OP and 75 million WPC. The current annualized rate of return ranges from 24%-50%.

The pool with a longer lock-up period has a higher allocation rate of OP Token incentive, as follows:

OP Summer 来了？这些项目已开启挖矿，将奖励用户千万枚 Optimism 代币

Website: https://wepiggy.community/lock

Lyra: Provide liquidity to carve up 37500 OP

Lyra is an options trading AMM protocol that allows traders to buy and sell options on cryptocurrencies against a liquidity pool. Liquidity providers (LPs) deposit liquidity into the Treasury to earn fees paid when options are traded. LPs traders use Lyra to trade options. They can buy options from the market maker's Treasury or sell options to the MMV. On July 27, 2021, Lyra raised $3.3 million in seed funding in an investment round led by venture capital firms Framework Ventures and ParaFi Capital.

Lyra opened the liquidity of Market-Maker Vault at 9 o 'clock on August 3rd, Beijing time, providing users to share 37500 OP Token activities. The current annualized rate of return is 18.3%. Users can receive an OP reward every 14 days.

Liquidity provides users with the number of OP rewards based on their share of sUSD in the mine pool. If the user pledges the stkLyra obtained by the Lyra Token, holding the stkLyra can increase the user's mining weight by a maximum of 2 times the share of its sUSD in the mining pool.

Website: https://app.lyra.finance/stake

Thalesmarket: 650,000 OP split between multiple campaigns

Thalesmarket is a binary options market. The Thales protocol not only allows users to participate in Markets for different cryptocurrency assets, but also continues innovation by offering community-based games such as Thales Royale and more advanced trading products such as Ranged Markets. Traders can use Exotic Markets to participate in customised Markets and anticipate real-world events in an anti-censorship way. On July 13, 2021, it raised $2.5 million from several investors including Framework Ventures and IOSG.

Thalesmarket launched three campaigns on July 27 (Beijing time) that can earn 650,000 ops.

Activity 1: Gamified THALES staking

The campaign, which started on July 27 Beijing time, allocates 135,000 OP and 90,000 THALES tokens to protocol product users on a weekly basis for at least 10 weeks. Conditions for Participation:

1) Pledge Thales Token

2) Weekly products built based on the Thales protocol (including Thales Markets, Ranged Markets, Exotic and Overtime Markets)

3) Withdraw the reward on a weekly basis, otherwise it will be confiscated

Activity 2: AMM trading

The campaign began on July 27, Beijing time, allocating 200,000 OP and 350,000 THALES tokens to AMM product users (including UP, DOWN, IN and OUT) IN a 14-week, 14-day round.

Of these, 11,000 OP + 20,000 THALES are distributed to all UP Token buyers in sUSD units in every 14-day round of THALES Markets; 11,000 OP + 20,000 THALES distributed to all DOWN Token buyers in sUSD units; 6000 OP + 10000 THALES allocated to all mignon Markets IN/OUT Token buyers IN units of sUSD.

Activity 3: THALES/WETH Liquidity Provider

The campaign, which began on July 15 Beijing time, allocates 315,000 OP and 900,000 THALES tokens to THALES/WETH liquidity providers on a 20-week linear, prorated basis.

Website: https://thalesmarket.io/op-rewards

Perpetual: Liquidity mining allocation 5.2 million OP

Perpetual is a decentralized derivatives agreement that was launched on July 14 (Beijing time) to provide liquidity to earn PERP+OP Token activities. 5.2 million OP are allocated on a weekly basis, with 5000 OP allocated per LP pool each week (the number of rewards is updated according to market conditions). Users will receive OP rewards every Monday.

Website: https://app.perp.com/

PoolTogether: Mine and split 450,000 OP

PoolTogether is a no-loss lottery protocol that went live on July 27 with users mining for 450,000 OP tokens. The activity is divided into two phases:

In the first phase, 100,000 OP are distributed at a rate of 25,000 OP per week.

Phase 2, if the agreement reaches the target of $20 million and 10,000 unique depositors, will unlock the Phase 2 OP reward.

Website: https://app.pooltogether.com/

Velodrome: Mine for 75,000 OP

Velodrome is an AMM protocol based on the Solidly model in the Optimism Ecosystem, and according to the official Twitter feed, users who locked in at least 10,000 veVELO a week before the next epoch were eligible to receive a prorated 75,000 OP bonus. In the meantime, Velodrome will be rolling out other events to reward OP miners, and follow the official Twitter feed closely.

Website: https://app.velodrome.finance/

OverTimeMarkets

OverTimeMarkets is a decentralized sports platform built on the Thales protocol. For the OP mining reward campaign, see Thalesmarket's Campaign 1 above.

Website: https://overtimemarkets.xyz/#/markets

Rubicon: Liquidity mining allocation of 540,000 OP

Rubicon is a decentralized order book protocol that opened OP incentive activity on July 16, with a total of 540,000 ops linearly distributed to Rubicon liquidity providers over 209.875 days.

OP Summer 来了？这些项目已开启挖矿，将奖励用户千万枚 Optimism 代币