$OP Optimism Season, and why you must join.
Optimism Season; Why You Must Join The $OP Train For Huge Potential Return Bullish Catalyst;
• Coinbase launching an L2 Blockchain called "Base" built on $OP Stack
•Base Airdrop
• Optimism Huge Potentials
In this thread, i will cover;
What is Optimism?
Major Ecosystem Catalyst Protocols to Watch on $Op Base Airdrop
How you can get started with Optimism.
What is Optimism? Optimism is a layer 2 chain that is built on top of the Ethereum blockchain. Optimism reduces transaction fees and speeds up Ethereum transactions. While every transaction happens on Optimism, the data is posted to Ethereum and validated there.
How does Optimism work? Optimism uses an advanced data compression techniques known as Optimistic Rollups. They are new methods of scaling the Ethereum blockchain developed by the amazing team behind Optimism Foundation.
Rollups significantly increase processing speeds by moving a large amount of transactions data off-chain. A Complete Guide on how Optimism Rollups work; https://www.alchemy.com/overviews/optimistic-rollups
Optimism makes it possible for developers to build scalable and efficient applications on top of Ethereum, which can benefit from the network's existing infrastructure. Is it time for the next wave of adoption on Optimism? Why Base on $OP Stack?
The aim is to upgrade Optimism Mainnet, Base, and other L2s to one single Superchain. The OP Stack seeks to maximize interoperability & composability—integrating otherwise siloed L2s into one cohesive layer.
Also, they aim at working towards a seamless experience where cross-chain complexities are abstracted away. People understood that this alone was a bullish news for Optimism and they began seeking ways to be Profitable on the chain.
MAJOR ECOSYSTEM CATALYST
@Route2FI (twitter)
wrote in his thread " $OP focus on its compatibility with Ethereum. Any Ethereum Dapp can easily integrate with Optimism and benefit from its scalability and reduced gas fees. This has led to popular Dapps and DeFi protocols migrating to $OP"
Which is a bullish statement.
@TheDeFinvestor (twitter)
also wrote a great thread on the many bullish Catalyst on the Optimism Ecosystem https://twitter.com/TheDeFinvestor/status/1628088321120542720?s=19… PROTOCOLS TO WATCH ON OPTIMISM These Protocol Were on
Top Gainers last week $OPENX
@OpenXSwapBASE AIRDROP No one is for Oscar an airdrop buh speaking of what protocols did in the past, there might be one.
wrote a thread on how you can position yourself for an airdrop incase one comes in the future
HOW TO GET STARTED ON OPTIMISM What we have to do here is move funds from other blockchains or fund newly to trade on Optimism • How to bridge from Ethereum (ETH) to Optimism • Visit the Synapse Protocol and sign with Metamask or another Web3 Wallet.
• Select ETH as your current network & Optimism as your destination network.
• Input the token you want to bridge to Optimism (ETH, USDC, USDT or DAI).
• Confirm the details and process the transaction. Your funds will arrive on Optimism in under 2 minutes.
FUNDING OPTIMISM FROM A CENTRALIZED EXCHANGE • You should have an account with either Binance, Kucoin, Bybit etc. If you don't have then you should create and verify one.
• Deposit stables ( USDT USDC BUSD etc) into the exchange by buying from a vendor or using your Card to buy • Go to the Spot trade section and buy ETHEREUM • Go to your wallet dashboard, click on ETHEREUM and paste the Optimism address you got from your Trustwallet,
Metamask, Safepal or other wallets • Select Optimism Network and input all withdrawal details • You should receive your Optimism ETH in your wallet in less than 2Mins
Just In case you might have to add Optimism network to Metamask, read this article by @CoinMarketCap https://coinmarketcap.com/alexandria/article/how-to-add-optimism-to-metamask… List of Decentralized Exchanges where you can trade on Optimism http://app.velodrome.finance Multichain dex http://Uniswap.org
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