A quick look at the projects that have taken the lead in opening OP mining rewards: OP Summer is coming?
Retroactive funding of public goods is built into Optimism's economic model. Project parties may propose to apply for funding from the Optimism Collective. According to the snapshot voting records, there are more than 50 projects currently applying, and a single project that has passed the application has received funding ranging from 300,000 to 10 million OP.
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Aave: Liquidity mining distributes 5 million OP
Aave is an open source, non-custodial decentralized crypto asset lending protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn passive income, while borrowers are able to borrow over-collateralized (permanent) or under-collateralized (single block liquidity).
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Official website:https://app.aave.com/
WePiggy: share 240,000 OP and 75 million WPC
WePiggy is an open source, non-custodial encrypted asset lending protocol. In WePiggy's market, users can deposit specific encrypted assets to earn interest, and can also pay a certain amount of interest to borrow certain encrypted assets. Compared with pioneers such as Compound and Aave, WePiggy actively creates a richer lending market, optimizes the execution efficiency of smart contracts, and even expands more dimensional business logic on the premise of prioritizing financial security.
WePiggy officially launched 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 lock-up period is divided into 30 days, 90 days and 180 days. The total rewards include 240,000 OPs and 75 million WPCs. The current annualized rate of return ranges from 24% to 50%. Users can claim OP rewards at any time.
The longer the lock-up period, the higher the distribution rate of OP token incentives, as follows:
Official website:https://wepiggy.community/lock
Lyra: Provide liquidity to share 37500 OP
Lyra is an options trading AMM protocol that allows traders to buy and sell options on cryptocurrencies against liquidity pools. Liquidity Providers (LPs) deposit liquidity into vaults to earn fees paid when options are traded. LPs traders use Lyra to trade options. They can buy options from a market maker vault or sell options to MMV. On July 27, 2021, Lyra raised $3.3 million in seed funding. This round of investment was led by venture capital firms Framework Ventures and ParaFi capital.
Lyra opened the Market-Maker Vault's liquidity at 9:00 on August 3, Beijing time to provide users with an activity to share 37,500 OP tokens. The current annualized rate of return is 18.3%. Users can receive OP rewards once every 14 days.
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Official website:https://app.lyra.finance/stake
Thalesmarket: 650,000 OP shared among multiple activities
Thalesmarket is a binary options market. The Thales protocol not only allows users to participate in the market of different crypto assets, but also continues to innovate by providing community-based games such as Thales Royale and more advanced trading products such as Ranged Markets. Traders can use Exotic Markets to participate in custom markets and predict real-world events in a censorship-resistant manner. On July 13, 2021, it received US$2.5 million in financing from several investment institutions such as Framework Ventures and IOSG.
Thalesmarket released 3 activities that can earn 650,000 OP on July 27, Beijing time.
Activity 1: Gamified THALES staking
The activity started on July 27, Beijing time, and distributed 135,000 OP and 90,000 THALES tokens to users of protocol products on a weekly basis for at least 10 weeks. Participation conditions:
1) Pledge thales tokens
2) Use products built on the Thales protocol on a weekly basis (including Thales markets, Ranged markets, Exotic and Overtime markets)
3) Withdraw rewards on a weekly basis, otherwise they will be confiscated
Activity 2: AMM transaction
The event started on July 27, Beijing time, and distributed 200,000 OP and 350,000 THALES tokens to AMM product users (including UP, DOWN, IN and OUT) in 14 weeks and 14 days as a round
Among them, 11,000 OP + 20,000 THALES will be allocated to all UP token buyers in sUSD in every 14-day round of Thales Markets; 11,000 OP + 20,000 THALES will be allocated to all DOWN token buyers in sUSD; 6,000 OP + 10000 THALES allocated to all buyers of Ranged Markets IN/OUT tokens in sUSD.
Activity 3: THALES/WETH Liquidity Provider
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Official website:https://thalesmarket.io/op-rewards
Perpetual: Liquidity mining distribution of 5.2 million OP
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Official website:https://app.perp.com/
PoolTogether: mining to share 450,000 OP
PoolTogether is a no-loss lottery protocol. On July 27, users will mine to obtain 450,000 OP tokens. The activity is divided into two phases:
In the first stage, 100,000 OPs will be distributed at a rate of 25,000 OPs per week.
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Official website:https://app.pooltogether.com/
velodrome: Mining to share 75,000 OP
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Official website:https://app.velodrome.finance/
OverTimeMarkets
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Official website:https://overtimemarkets.xyz/#/markets
Rubicon: Liquidity mining distribution of 540,000 OP
Rubicon is a decentralized order book protocol. The OP incentive activity was launched on July 16, and a total of 540,000 OPs were distributed to Rubicon liquidity providers at a rate of 209.875.
Official website:https://app.rubicon.finance/pools
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