450,000 OP tokens are being distributed for phase 1 rewards on Optimism!
The goal of these tokens is to drive growth of the PoolTogether Protocol on Optimism! The target is to distribute these incentives over a 70 day period with the goal of reaching 10,000 unique depositors and $20,000,000 million in deposits on Optimism!
More broadly than the numbers, our primary goal is to prove to Optimism governance that distributing OP tokens via the PoolTogether protocol is the most effective growth mechanism for Optimism! This will ensure more rewards come.
- 4 week “Pool Party” TWAB campaign
- 25,000 OP tokens distributed in 7 day weekly epochs, 100,000 OP tokens total
- Assuming $0.80 per OP token, effective APR at campaign start will be 41% + prizes, at $20 million deposit goal effective APR will be 5.2% + prizes
- This first activation will use 120,000 of the initially allocated tokens
- Prove to Optimism governance that distributing OP tokens via the PoolTogether protocol is the most effective growth mechanism for them
- Reach next incentive unlock @ $20 million + 10k depositors
- Growth in Optimism TVL
- Growth in Optimism unique depositors
- Growth in prize network TVL
- Growth in prize network unique depositors
- Launch week 1 activation at 3pm EST, July 26th
- Evaluate data after 3 weeks August 16th
- Announce second activation on August 19th
- Week 1: Using Optimism & PoolTogether
- Week 2: Bringing your friends to DeFi
- Week 3: How to use the OP token
- Week 4: Phase 2 (if we can do it )