Table of Contents
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Key Takeaways
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Program Overview
2.1 Total Value Locked
2.2 Daily Transactions
2.3 Daily Transacting Addresses
2.4 Daily Network Fees Generated
2.5 Protocol-Specific Metrics
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Reward Claimer Analysis
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Analysis
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Recommendations
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Closing Remarks
7.Sources
Key Takeaways
- The Optimism Foundation allocated 1 million OP tokens to Uniswap Protocol, with 20% dedicated to grants for Optimistic-Uniswap builders and 80% used for liquidity incentives.
- The distribution of 800,000 OP tokens occurred over three phases, starting in October 2022, with the collaboration of four liquidity managers.
- The 20% allocated for Optimistic - Uniswap builders remains undistributed. The plan was also made public well in advance of the distribution, so that everyone had a chance to understand how the tokens would be distributed.
- The distribution was also notable for its transparency and fairness.
- The distribution of OP tokens has had a number of positive benefits for both the Uniswap and Optimism communities. For Uniswap, the distribution has helped to increase liquidity in the Uniswap pools on Optimism. This has made it cheaper and easier for users to trade tokens on Optimism, and it has also made it more attractive for developers to build on Optimism.
- For Optimism, the distribution of OP tokens has helped to increase awareness of the Optimism Layer 2 protocol. It has also helped to attract new users to Optimism, and it has helped to build a stronger community around the protocol.
- The Optimism grant has undoubtedly unlocked the growth of Uniswap Protocol, as evidenced by an increase in daily transacting addresses during this Liquidity Incentivize program.
- Furthermore, the daily network fees experienced a noticeable increase during this period, signifying a positive impact on the overall network’s health and sustainability.
Program Overview