Optimism has launched a Quest NFT series: https://app.optimism.io/quests
Two of these quests suck more than others as they are either 1) capital intensive or 2) too complicated for the given audience: Hop & Synthetix.
https://app.optimism.io/quests/hop-provide-liquidity
https://app.optimism.io/quests/synthetix-stake-assets
Hop is capital intensive. It requires you to stake a total of $18250 daily aggregated volume over 30 days (e.g. $600 x 30 days or $4550 x 4 days or etc.) Synthetix, however, only wants you to stake at least 100 SNX ($180) and claim weekly rewards at least twice. With the added benefit of being able to slash the staking time in half as we’ll see later on. Both NFTs are being sold for $35 and $55 respectively with barely any sellers in the market.
OpenSea SNX Quest NFT:
OpenSea HOP Quest NFT:
Hop is straightforward and less lucrative so I'll refrain from explaining, Synthetix however offers a great ROI for those that play it right.
Quest Requirements & Steps To Take
Stake 100 SNX and claim weekly rewards twice. You can check how much time is left for the weekly reward cycle at https://staking.synthetix.io/earn. You can either stake your 100 SNX and wait 2 weeks or you optimise it as much as you can, which I prefer:
Buy and Stake 110 SNX per wallet 15min before the current epoch ends
Claim your first weekly reward 15 min later
Claim the second weekly reward 7 days later, effectively reducing your wait time to 7 from 14 days
Sell NFT for $55 per wallet
Sell SNX for breakeven
Collect 1400% APR for the time being
The issue here is, if you want to run the strategy repeatedly you'ld get stuck in the staking for 14 days again after the first run. To combat this you'll need to use double the initial capital during the final minutes of the epoch after your first week so you can play it like this:
Follow above steps 1-3 with your initial wallets (batch 1)
15 minutes before the current epoch ends, buy as many SNX as you have already staked (batch 2)
Stake batch 2 shortly before epoch ends
After epoch ends, claim rewards batch 1
Unstake and sell batch 1
Claim rewards batch 2
This leaves you with a minimal time of increased (x2) SNX market exposure but allows you to claim a fresh batch of SNX NFTs every 7 instead of 14 days while the SNX locked capital stays the same.
10 wallets á $180 will yield $550 per week if you can match the same amount to optimise via batches. On top of that you'll farm additional Optimism dApp and NFT activity for your wallets which builds much needed credibility.
Potential Downsides
SNX price fluctuations especially during short x2 SNX market exposure time window
SNX NFT price fluctuations due to increasing seller amount
Potential Upsides
Easily scalable for smaller accounts.
0.05e per week per wallet with minimal capital requirement
Additional wallet and on-chain activity
That's it.
Your best course of action right now is to buy 1 SNX and try to fully grasp the Synthetix UI. If you have questions about their UI please visit their official discord and use the search function, 99% chance your question was already answered in the past. I've listed all the relevant functionalities and steps to take, now its up to you to implement them. Good luck.
P.S.: This was initially released on and formatted for Twitter (before the thread got censored) so excuse the lack of structure and rough phrasing.
(P.P.S.: Dont do it like this -- not a good look.)