It’s another week of the Optimistic Alpha, bringing to you another week of on-chain activities and updates. Projects for this week are;
Let’s get into it. 👇🏽
1. Optimism RetroPGF #3 application closed; Updates
Optimism RetroPGF #3 application closed on the 23rd, of October.
Here are some things to note from the application close;
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1596 projects and individuals applied.
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Voting will take place November 6 - December 7, 2023.
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145 admired badge holders will review and vote for the projects that align
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Results and token Disbursement will Start in early January.
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Total rewards 30M OP.
However, a significant portion of the applications appear to be spam or not in compliance with the Application Rules. To prevent overwhelming the voting process, an application review process has been implemented.
Applications that violate the rules will be excluded from the round, requiring at least 3 out of 5 Reviewers to vote in favor of exclusion.
If you’ve submitted your application either as an individual or a project and followed the due process, all you have to do is wait until the voting has ended to determine who will be getting funded.
You can follow up with the review results on this website built by RetroPGFHub.
2. Polynomial Community Content Contest
The Polynomial Community is hosting the "Polynomial Community Content Contest," which offers content creators a chance to win rewards for producing content related to Polynomial Trade and crypto trading.
Polynomial is a decentralized derivative trading exchange powered by the Synthetix protocol on Optimism.
The contest details are as follows:
What is it?: The contest invites content creators to produce engaging content on platforms like Twitter, YouTube, and blogs, focusing on Polynomial Trade and crypto trading topics.
How to Participate: Participants should create content (tweets, videos, or blog posts) related to Polynomial trade, share it with the hashtag #PolynomialCommunityContest, and tag @PolynomialFi if it's on Twitter. They should also post their content in the community's Discord channel.
Topics: Content can cover subjects like;
- Explaining Polynomial Trade
- Risk management in crypto perpetual trading
- Crypto trading basics
Eligibility: Open to all content creators.
Content Focus: Must revolve around Polynomial Trade and crypto trading.
Contest Period: Runs from 25/10/23 to 08/11/23.
Platforms: Content can be created on Twitter, YouTube, or blogs.
Prizes: The top 5 content creators will each receive a prize of 200 OP tokens.
Winners: Winners will be chosen based on content quality and engagement and announced after the contest ends.
This contest allows content creators to showcase their knowledge, engage with the community, and potentially earn valuable rewards.
More details here 👉🏽
3. Idle and Clearpool Launch on Optimism Mainnet; they Secure 150k from Optimism grant.
Idle finance and Clearpool has successfully expanded and launched on the OP Mainnet and has been granted 150,000 (300,000 total) OP tokens each from the Optimism Governance Council to enhance the risk-adjusted returns for stablecoin lending and enhance unsecured institutional liquidity on the Optimism Mainnet.
Idle finance is a Yield automation infrastructure for DeFi protocols.
Clearpool is a decentralized credit/lending marketplace.
The extension includes the deployment of USDT Yield Tranches based on Clearpool's borrowing pools from Portofino and Fasanara Digital.
How to Participate: The OP rewards from the grant enhance the risk-adjusted returns for lending stablecoins on Clearpool. Users receive additional OP rewards on top of the interest paid by borrowers. Lend on Optimism network = Earn OP rewards.
How rewards will be distributed: This is a 60-day campaign where all lenders-to-borrower pools on the Clearpool Optimism Market will receive additional LP rewards paid in OP tokens.
Things to note;
The OP rewards will be distributed via weekly airdrops directly to the liquidity provider's address.
A daily snapshot will determine the rewards based on the liquidity provided, including the maximum APR cap, and a total daily distribution amount.
The first snapshot will be taken on 26th October 2023, and the final snapshot will be taken on 24th December 2023.
Learn more here 👇🏽
4. Mode First dawn campaign Week 11; MEME week
Participants are encouraged to quote tweets with their Mode-inspired MEMEs and use the hashtag #MemeMode. The community is reminded that simple retweets are not in the spirit of the event, and active participation with creative MEMEs is encouraged.
New tasks are continuously being added throughout the week. Community members are advised to check the Galxe page regularly to make sure they don't miss out on any tasks.
A notification is made about several new tasks that are now live on Galxe, with a link provided for community members to check them out.
The update serves to keep the community engaged and informed about the ongoing activities and tasks during MEME week.
Deadline 👉🏽 October 29th, 12:00 UTC.
Join here 👇🏽
5. BoredTown x Optimism Art contest
The Optimism Foundation Sub-committee has voted in favor of the Bored Town x Optimism art contest. As a result, they will soon release 30,000 $OP for minting and trading events related to the contest.
The event will commence as soon as the funds arrive, and participants can look forward to rewards for their involvement. Community members are encouraged to stay tuned for the official announcement of this exciting event.
Join Discord for more updates 👉🏽
That’s it for this week's Optimistic Alphas.
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Until next week, stay Optimistic ✨🔴.