1inch Wallet users to be rewarded with OP tokens

OP tokens will be available to claim by the 1inch Wallet’s most active and regular users. The 1inch Network is thrilled to announce that a total of 300,000 OP tokens will be distributed among the 1inch Wallet’s users in a move to incentivize their activity on the Optimism network. The distribution will be made in a retrospective … Read more

Band Continues To Support Alpha Venture DAO on Homora V2’s Launch on Optimism

Band Protocol has long worked with Alpha Venture DAO, integrating Band Protocol’s price feed through Alpha Oracle Aggregator which helped secure Homora V2 (Alpha’s flagship leverage yield farming product) with a consistent and reliable price feed at all times. This partnership ensured more security, scalability, and flexibility for the Alpha DeFi ecosystem. We are now … Read more

This Week In DeFi – July 1

To the DeFi community, This week, crypto exchange FTX is reportedly looking to acquire centralized lending platform BlockFi for a sum between $25 million and $50 million. Sources believe the deal is expected to complete by the end of this week, however BlockFi CEO Zac Prince has denied the $25 million figure and FTX has … Read more

This Week In DeFi – June 3

To the DeFi community, This week Binance’s venture capital arm, Binance Labs, raised $500 million for a new web3 investment fund – its first using outside investment. DST Global Partners and Breyer Capital backed the fund, along with a number of private equity funds, family offices, and corporations. The fund is looking to support projects … Read more

Balancer is Now on Optimism!

Balancer Protocol Launches on Optimism in Collaboration with Beethoven X We are thrilled to announce that Balancer has launched on leading Layer 2 rollup network Optimism with the help of our frens at Beethoven X. Ethereum’s scaling challenges have led to prohibitive gas fees that increasingly exclude people from using the network to access decentralized … Read more

This Week In DeFi – May 27

To the DeFi community, This week a16z has raised a mammoth $4.5 billion for its fourth crypto fund – also its largest to date. The fund will be split into $1.5 billion for seed investments and $3 billion for venture financing. Overall, the fund will focus on web3 gaming, DeFi, decentralized social media, zero-knowledge proofs, … Read more

This Week in DeFi – April 29

To the DeFi community, This week Optimism $OP token rumors come true, as the Ethereum Layer-2 scaling solution announces new plans for its governance structure and token distribution. The “Optimism Collective” will be governed by two houses; The Citizen’s House will govern public goods funding, while the Token House will govern protocol upgrades and project … Read more

This Week in DeFi – April 22

To the DeFi community, This week Tron crashed the algorithmic stablecoin party, announcing that it will launch its very own USDD stablecoin May 5th. The coin will be supported with TRX and $10 billion worth of crypto reserves – as well as offering 30% interest rate. This may be one to watch, as it attracts … Read more

This Week in DeFi – March 18

To the DeFi community, This week, Optimism raised $150 million in a Series B round that valued the Ethereum scaling solution at $1.65 billion. Optimism says they’ll continue improving the protocol to reduce transaction fees, including by adding additional developer talent to the team. After over a year on mainnet, our milestones keep adding up: … Read more

This Week in DeFi – February 11

To the DeFi community, This week, Ethereum scaling solution Optimism paid a $2 million bug bounty for the discovery of a bug that would have allowed users to double spend and generate an unlimited amount of tokens without backing. The exploit has been patched, and bug bounties yet again prove one of the most valuable … Read more