🧵 Thread

•

Hey Frens!! Are you curious about the potential of $OP token? This Twitter thread has everything you need to know about the power and promise of Optimism, the "low-cost and lightning-fast Ethereum L2 blockchain So get ready to join the 🔴🚀decentralized revolution! 🧵

1/ What is Optimism? Optimism is a Layer 2 chain that runs on top of Ethereum. It is designed to offer benefits such as cheaper and faster transactions on Ethereum. Its scalability features provide a strong foundation for numerous Dapps that require extensive processing power.

2/ Optimism stands out as a leader in scaling solutions for Ethereum in many aspects such as: 🔴Tech behind: 💯 🔴Dev team: Geek Tier (former Plasma Group) 🔴Governance: Token and Citizens' House 🔴Ethos: Rewarding public goods

3/ The next big thing Optimism just introduced a new Superchain concept, which will connect multiple chains for better scalability. The first chain to be added is Coinbase-owned @BuildOnBase, which benefits from the enhanced scalability and improved functionality. twitter.com/coinbase/status/1628760201254903809?s=20

4/ Why is the @coinbase deal make it matter to Optimism? In a nutshell, the more users that transact on Optimism, the more fees it can collect.

5/ But what does this mean for $OP holders? As of now, no formal declaration has been issued regarding the utilization of the $OP token beyond its role in governing and funding the ecosystem. With Optimism's vision, you may anticipate what is to come next. app.optimism.io/retropgf

6/ Whether you are a user, builder, or an airdrop enthusiast, you may be familiar with how creative Optimism distributes rewards via #airdrops. -- While the specific criteria for the past airdrops may be unpredictable, it is still possible to make educated guesses.

7/ It's probable that the forthcoming airdrops will be allocated among users and builders in a different manner. Nonetheless, it is crucial that Optimism devises a thoughtful strategy to avert selling pressure and foster demand for $OP in governance, similar to airdrop #2

8/ However, not everyone is able to maintain a tight grip on their $OP. When it comes to hedging, Perpetual Swap can be a useful tool. Perpetual Protocol recently launched a new market featuring $OP token. twitter.com/perpprotocol/status/1628032165081493507?s=20

9/ There are many strategies that can be deployed to leverage or protect risks such as: ✨Arbitrage $OP between CEX and DEX ✨Long-Short strategy with Yiled Farming ✨Basis Trading perpetualprotocol.medium.com/what-is-basis-trading-8c75549b6dbf?source=user_profile---------58----------------------------

10/10 So, stay Optimistic ✨🔴_🔴✨and ensure joining our vibrant community 🥨🥨 Join us at Discord@perp.fi Follow @perpprotocol Visit our t.me/perpetualprotocol Credits: @InvestgineerX To stay up to date with the latest info! discord.com/invite/Dq9mTmCaBb