Falling into the Optimism rabbit hole: Bedrock, OP Stack, and Superchain
Bedrock update is coming to Optimism, but none of our team knew Bedrock exactly. We couldn’t also find a blog that explains Bedrock exactly. Everyone is talking about block time and gas cost, but we felt it’s more than block time or gas cost.
Velodrome: 250,000 OP rewards will be distributed to individuals or protocols participating in Tour de OP
Velodrome stated on social media that the OP incentive program will continue until 2024, and will award 250,000 OP rewards to individuals or protocols participating in Tour de OP. Tour de OP aims to strengthen the OP ecosystem and increase Velodrome's protocol incentives based on participation.
OP chain’s first rune protocol OOOK announces mainnet launch and casting is in progress
According to official sources, OOOK, the first rune protocol of OP Chain (Optimism), announced the opening of fair mint. Users can participate by withdrawing ETH from the trading platform to OP Chain. The OOOK system has a rune ecosystem and a metaverse ecosystem. The rune ecosystem includes protocols, markets, and launchers, while the metaverse ecosystem consists of the ORC-420 protocol and OPMAP. Most of the revenue from the protocol will be used for OOOK buyback and burning.
Sigil Fund transferred 426,000 OP to Binance 7 hours ago
According to on-chain analyst Yu Jin, investment firm Sigil Fund withdrew 1.279 million OP tokens from Binance at an average price of $1.5 between July and November. With the recent surge in OP prices, Sigil Fund began to partially take profits by transferring 426,000 OP tokens back to Binance 7 hours ago. Sigil Fund made a profit of $2.5 million on OP tokens.
OP is now quoted at $3, with a 24-hour increase of 28%
According to CoinGecko market data, OP (Optimism) is now trading at $3.00, with a 24-hour increase of 28%. The market is volatile, so please be prepared for risk control.
The Endgame for Decentralization in the OP Ecosystem is Stage 2
This blog post shares more about how we are thinking about decentralization at OP Labs as we support the ecosystem engineers building out a fault proof system for the OP Stack and the Optimism Collective as it establishes its first security council.
OP has increased by more than 20% in 24 hours and is now trading at $2.75
According to CoinGecko market data, OP (Optimism) is currently trading at $2.75, with a 24-hour increase of 20.4% and a trading volume of $423,511,353. Its current market value is $2,470,097,619, and the market is volatile, so please be cautious with risk management.
Lisk will transition from Layer1 to Ethereum Layer2
Lisk is collaborating with Optimism and Gelato to transition from a Layer1 solution to an Ethereum Layer2 solution. As part of the transition, Lisk will migrate its LSK token to Ethereum. The Layer2 testnet deployment plan is scheduled for the first quarter of 2024.
Open sourcing op-viem and op-wagmi
Today, we’re open sourcing op-viem and op-wagmi, extensions to the popular developer tools viem and wagmi. We’ve developed these libraries, in collaboration with the community, to empower developers to build faster and easier on OP Stack chains.
OP Labs: OP node operators need to upgrade their nodes before January 11
OP Labs posted on X platform to remind node operators in the Optimism ecosystem that they need to upgrade their nodes before the Canyon protocol upgrade on January 11, 2024.
OP broke through 2.31 USDT, setting a new high since April this year
According to the market data from Ouke OKX, OP has broken through 2.31 USDT, reaching a new high since April this year, and is now reported at 2.311 USDT, with a 24-hour increase of 7.4%.
Kraken has supported USDT deposits and withdrawals on Optimism
The cryptocurrency exchange Kraken has announced that it now supports deposits and withdrawals of Tether (USDT) on the Optimism network.
OP broke through 2 US dollars in a short time, rising by more than 14% in 24 hours
According to OKX market data on December 8th, OP has broken through 2 US dollars in a short period of time and is now priced at 1.993 US dollars, with a 24-hour increase of over 14%.
Velodrome: Domain names are subject to DNS attacks. Users who interact with the attacker's website may lose up to $250,000.
On December 4th, Optimism decentralized trading protocol Velodrome announced that the domains velodrome.finance and aerodrome.finance were hit by a DNS attack. After preliminary investigation, it is estimated that users who interacted with the attacker's website may lose up to $250,000. After implementing remedial measures, testing, and user feedback, no evidence of any internal/external accounts associated with Velodrome/Aerodrome and/or the registrar being leaked was found. The root cause of this attack was the attacker using social engineering attacks on the domain registrar to gain ownership and control over the accounts holding the domains, thereby bypassing 2FA and other security mechanisms, allowing the attacker to change the domain server and redirect legitimate domain traffic to malicious cloned Velodrome/Aerodrome websites.
Synapse Labs submits application for Optimism’s RetroPGF 3
Synapse Labs, the developer of cross-chain bridge protocol Synapse, has announced that it has submitted an application for the third round of RetroPGF (Retroactive Public Goods Funding) fundraising on the Optimism platform. Synapse Labs is the creator behind the Synapse protocol and has also contributed to the core infrastructure of Ethereum, Optimism, and crypto development tools such as wevm, DefiLlama, and Foundry.
Velodrome and Aerodrome service providers are suspected to be under attack again, please do not interact with their front ends
Optimism decentralized trading protocol Velodrome deployed on Base and its forked DEX Aerodrome both tweeted that their service provider appears to have been attacked again. Please do not interact with their frontend.
Gitcoin: Over $2.1M funded through grant program to Optimism and PGN
On December 2nd, Gitcoin tweeted that it has provided over $2.1 million in funding through its grant program to Optimism and Public Goods Network, with over 387,000 contributors, and has supported 679 innovative projects in the Optimism and PGN communities. In addition, Gitcoin has partnered with Optimism to enhance the RPGF experience by using tools such as Project Registry and the Gitcoin community resource allocation protocol, Allo Protocol, to drive technological and protocol innovation.
Across: 750,000 OP token grant will be used as fee rebate for cross-chain to Optimism
On December 1st, it was reported that cross-chain bridge Across has received a donation of 750,000 OP tokens in its Across Treasury. Starting today, users who cross-chain to Optimism will receive a 95% refund of the cross-chain fee.
Nethermind: OP deployment will be rolled out in the next version
Nethermind, a blockchain infrastructure development team, announced on X platform that OP deployment will be launched in the next version (V1.23.0). Developers using the Nethermind client will soon be able to run it on the OP Stack chain.
Optimism Lianchuang: Proposes ApeCoin DAO to use Optimism Superchain to develop its L2 network ApeChain
On November 22nd, Optimism co-founder and chief scientist Ben Jones proposed that ApeCoin DAO develop and maintain its L2 network ApeChain on the Optimism Superchain.