“I feel pretty blessed and lucky that we are in a position where there are all these incredible teams that are seeing the OP stack as a shelling point and are contributing to it in a really meaningful way,” Pollak said.ĭon’t miss the next big story – join our free daily newsletter.įollow Sam Bankman-Fried’s trial with the latest news from the courtroom. The Base and Optimism teams are also working with other ecosystem contributors to explore zkEVM technology and how it could be incorporated into the OP stack. “Rather than trying to do it all ourselves, we’re leveraging the magic of decentralization and saying: Hey, we have this open-source technology stack, it’s customizable, it’s modular, it’s built to be pluggable.” “I think it’s a great illustration of the approach we’re taking with the OP stack and Base,” Pollak said. The team is also in touch with Espresso Systems, who has recently revealed a testnet version of the Espresso Sequencer. “A lot of that is because of our ability to integrate that into those consumer experiences and make everything really easy to use.” What’s next for Base?īase’s developers are working with Optimism and actively looking into ways to continue decentralizing.Ī Leader Election proposal is currently in the works, which Pollak describes as a first milestone to decentralized sequencing. “We really see Base as the place to bring the next billion people on-chain,” Pollak said. A handful of ecosystems and dapps will also be publicly available for users, including prominent players such as Uniswap, Aave and Compound. In the first week of what Base is calling “on-chain summer,” users can mint multiple NFT designs and artworks to celebrate the launch. Members of crypto’s “degen” community also moved to make themselves at home on Base once the doors were ostensibly opened.Īt launch, more than 100 decentralized apps (dapps) and service providers will operate on the network. The launch of Base’s mainnet marks an important milestone of this plan, Jesse Pollak, head of protocols at Coinbase, told Blockworks.ĭevelopers have had access to Base since July 13, and a number of users have already bridged their ETH to the layer-2 network through a portal proxy contract. The post Optimism OP price unchanged as network rewards loyal holders with 19M airdropped tokens appeared first on CryptoSlate.Base, the Ethereum layer-2 network built with Optimism’s OP stack, is officially opening its doors today.Ĭoinbase first revealed its intention to build Base in February, when CEO Brian Armstrong detailed what he was calling “The Coinbase Secret Master Plan.” Meanwhile, Optimism is currently the second largest layer-2 network by the total value of assets locked and has enjoyed much adoption, with other crypto projects, including WorldCoin and Base, building on its stack. The transaction volume on the L2 network has ranged between 300,000– 450,000 since falling from an all-time high of nearly 1 million recorded in July, according to Etherscan data. The digital asset is down by 0.94% in the last 24 hours to $ 1.4021 as of press time, according to CryptoSlate’s data. Optimism’s OP price has remained unchanged despite news of the new airdrop. Its first airdrop in May 2022 spread over 200 million tokens, while its second airdrop in February allocated nearly 12 million tokens to over 300,000 wallets. Optimism had previously revealed intent to distribute 19% of its initial governance token supply. This entails having at least 180 OP tokens entrusted for a continuous 100 days during these six months.Īdditional rewards are available for participants in at least one on-chain proposal during this timeframe, although the maximum OP token reward per address is capped at 10,000 tokens. To qualify, a user must have accumulated at least 18,000 points, calculated by multiplying delegated tokens by the number of days held. OpManager discovers network topology map from the given Router IP and IP range via SNMP using CDP, ARP ,IPRoute Table and Bridge-MIB information. Airdrop #3 rewards those who have supported Optimism governance through delegation.” Healthy governance is crucial to the success of the Optimistic Vision. “Optimism is about scaling new coordination mechanisms. Optimism stated that the airdrop rewards users who delegated their tokens to support the protocol’s governance via the Optimism DAO, known as the Collective, between Jan. 18 post on its official X (formerly Twitter) account. Layer-2 network Optimism ( OP) has begun distributing 19 million OP tokens, around $26 million, across over 31,000 distinct addresses as part of its third airdrop campaign, according to a Sept.
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