Profile of 0xged in Optimism
Posts by 0xged
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Token Sale – September 2023
by 0xged - No Role
Posted on: Sept. 21, 2023, 7:08 p.m.
Content: Hey there! Appreciate the notice on the $OP movements, it will def. help avoid weird speculations. With that being said, I do have a couple of Qs: What was the thought process on not putting any vesting on these tokens? Seems like something utterly out of the ordinary even if they are “not buying shares” :wink: I’m not versed on legal stuff, so would appreciate the insight: How does this not represent a liability on the Foundation’s side? “Private sale” sounds awfully close to selling shares, specially if this is not executed from a Snapshot vote. How does this affect the decentralization threshold in which Optimism network works? It will not affect the sequencer, since its run by the team, but… Having unknown entities with considerable voting power, probably sold at a discount, does seem to change a bit current Optimism landscape. I’m trying my best not to attack what is happening, since I understand this probably an amazing opportunity to secure the future of Optimism’s development, marketing, etc. but I do find it conflicts a bit with the decentralization narrative. Appreciate your guys transparency.
Likes: 6
Replies: 0
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Token Sale – September 2023
by 0xged - No Role
Posted on: Sept. 21, 2023, 3:08 p.m.
Content: Hey there! Appreciate the notice on the $OP movements, it will def. help avoid weird speculations. With that being said, I do have a couple of Qs:
What was the thought process on not putting any vesting on these tokens? Seems like something utterly out of the ordinary even if they are “not buying shares” :wink:
I’m not versed on legal stuff, so would appreciate the insight: How does this not represent a liability on the Foundation’s side? “Private sale” sounds awfully close to selling shares, specially if this is not executed from a Snapshot vote.
How does this affect the decentralization threshold in which Optimism network works? It will not affect the sequencer, since its run by the team, but… Having unknown entities with considerable voting power, probably sold at a discount, does seem to change a bit current Optimism landscape.
I’m trying my best not to attack what is happening, since I understand this probably an amazing opportunity to secure the future of Optimism’s development, marketing, etc. but I do find it conflicts a bit with the decentralization narrative.
Appreciate your guys transparency.
Likes: 6
Replies: 0
No replies yet.
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Mean Finance Grant Update 1
by 0xged - No Role
Posted on: May 29, 2023, 5:56 p.m.
Content: Hey everyone! We just wanted to keep updating the post – we’ve deployed the Early Adopters $OP airdrop today! Announcement: https://twitter.com/mean_fi/status/ 1663231135760158720 2 Transaction that moved the 15 k $OP from multisig to claiming contract: Optimistic L 2 Transaction Hash (Txhash) Details | Optimism 1 We will keep working on deploying the $OP given to Mean by the Optimism Governance. Do not hesitate on sending us a DM if there are any questions.
Likes: 1
Replies: 0
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Mean Finance Grant Update 1
by 0xged - No Role
Posted on: May 29, 2023, 1:56 p.m.
Content: Hey everyone!
We just wanted to keep updating the post – we’ve deployed the Early Adopters $OP airdrop today!
Announcement: https://twitter.com/mean_fi/status/ 1663231135760158720
Transaction that moved the 15 k $OP from multisig to claiming contract: Optimistic L 2 Transaction Hash (Txhash) Details | Optimism
We will keep working on deploying the $OP given to Mean by the Optimism Governance.
Do not hesitate on sending us a DM if there are any questions.
Likes: 1
Replies: 0
No replies yet.
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Mean Finance Grant Update 1
by 0xged - No Role
Posted on: Jan. 6, 2023, 8:20 p.m.
Content: Summary As a TLDR for those who don’t know us: Mean Finance aims to become the go-to hub for accessing decentralized finance by abstracting the inherited complexity of decentralized tools of investment. Our first product enables users to dollar cost average from any ERC 20 into any ERC 20 with their preferred period frequency without the user having to pay gas costs for each trade, while still being decentralized, open and traceable. Mean Finance proposal 3 to get a total of 300 , 000 . 00 OP tokens for incentivizing subsidies, builders, growth and early adopters was passed at July 6 th, 2022 through this snapshot vote 1 . Funds were sent on October 19 th, 2022 . which can be seen in this transaction 2 . This post aims to updates Optimism governance on how those tokens have been used and the results seen so far. Usage of $OP & Results: Builders: We’ve paid out a grant of 2 , 136 . 75 OP tokens for Murathan, a member of our community that built a dune dashboard where you can look up the amount of depositors, positions created, total volume transacted, which pairs are the most used, etc. You can view the payment transaction here 1 and access the dashboard here 1 . Growth strategies and community engagement: A campaign 2 was created through Layer 3 that allowed users to earn 1 OP token when finishing up their quests. Quests consisted in creating a DCA position to buy daily ETH while earning yield on AaveV 3 , and withdrawing swapped funds some days later. If you want to check the impact that this quest had on Mean Finance, you can check Layer 3 ’s report, here 3 . Looking Forward: The community has expressed interest in Subsidies and Early Adopters airdrop through our discord server (so we know everyone is waiting for it) and we are excited to deliver on these requests. Necessary user interfaces have been designed and implemented, and we are in the process of completing the coding of a smart contract that will enable us to perform the retroactive airdrop of Optimism tokens, as well as start offering subsidies and other exciting features. Finishing thoughts: Although this update may be brief, we believe it is important for all projects to be accountable to the community. We would like to extend a special thanks to @Leighton, who recently posted a Pool Together grant update 4 , and to @netrim and @lavande for requesting an update from us.
Likes: 7
Replies: 0
No replies yet.
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Mean Finance Grant Update 1
by 0xged - No Role
Posted on: Jan. 6, 2023, 3:20 p.m.
Content: Summary
As a TLDR for those who don’t know us: Mean Finance aims to become the go-to hub for accessing decentralized finance by abstracting the inherited complexity of decentralized tools of investment. Our first product enables users to dollar cost average from any ERC 20 into any ERC 20 with their preferred period frequency without the user having to pay gas costs for each trade, while still being decentralized, open and traceable.
Mean Finance proposal to get a total of 300 , 000 . 00 OP tokens for incentivizing subsidies, builders, growth and early adopters was passed at July 6 th, 2022 through this snapshot vote. Funds were sent on October 19 th, 2022 . which can be seen in this transaction.
This post aims to updates Optimism governance on how those tokens have been used and the results seen so far.
Usage of $OP & Results:
Builders: We’ve paid out a grant of 2 , 136 . 75 OP tokens for Murathan, a member of our community that built a dune dashboard where you can look up the amount of depositors, positions created, total volume transacted, which pairs are the most used, etc. You can view the payment transaction here and access the dashboard here.
Growth strategies and community engagement: A campaign was created through Layer 3 that allowed users to earn 1 OP token when finishing up their quests. Quests consisted in creating a DCA position to buy daily ETH while earning yield on AaveV 3 , and withdrawing swapped funds some days later. If you want to check the impact that this quest had on Mean Finance, you can check Layer 3 ’s report, here.
Looking Forward:
The community has expressed interest in Subsidies and Early Adopters airdrop through our discord server (so we know everyone is waiting for it) and we are excited to deliver on these requests. Necessary user interfaces have been designed and implemented, and we are in the process of completing the coding of a smart contract that will enable us to perform the retroactive airdrop of Optimism tokens, as well as start offering subsidies and other exciting features.
Finishing thoughts:
Although this update may be brief, we believe it is important for all projects to be accountable to the community. We would like to extend a special thanks to @Leighton, who recently posted a Pool Together grant update, and to @netrim and @lavande for requesting an update from us.
Likes: 7
Replies: 0
No replies yet.
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[READY][GF: Phase 1 Proposal] Mean Finance
by 0xged - No Role
Posted on: July 28, 2022, 2:18 p.m.
Content: Contact me via @oxged on Telegram - shoot me yours via DM if needed :slight_smile:
Likes: 0
Replies: 0
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GFX Labs - Delegate Communication Thread
by 0xged - No Role
Posted on: July 6, 2022, 6:49 p.m.
Content: Amazing work guys. I’ll take a note on your feedback regarding “funding explicitly used only for Optimism”, which is a completely valid concern and we will do our best not to use Optimisms’ funds to add value to other networks. We would also love to have at least several million dollars in value locked haha, but, to be fair, we are pretty new and will work on new products to enable new behaviors in Optimisms’ users. Thank you for taking the time to read our proposal!
Likes: 1
Replies: 0
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GFX Labs - Delegate Communication Thread
by 0xged - No Role
Posted on: July 6, 2022, 2:49 p.m.
Content: Amazing work guys. I’ll take a note on your feedback regarding “funding explicitly used only for Optimism”, which is a completely valid concern and we will do our best not to use Optimisms’ funds to add value to other networks.
We would also love to have at least several million dollars in value locked haha, but, to be fair, we are pretty new and will work on new products to enable new behaviors in Optimisms’ users.
Thank you for taking the time to read our proposal!
Likes: 1
Replies: 0
No replies yet.
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[DRAFT] [GF: Phase 1 Proposal] Optimism with Celestia for Data Availability
by 0xged - No Role
Posted on: July 5, 2022, 5:10 p.m.
Content: Although I think R&D should always be encouraged, and every DA research (if open source) will probably also help upon improving Ethereum’s L 1 DA, I don’t think the incentives align correctly here. It kinda feels like a proposal to fund: Possible competition. Private parties where all possible profit in the future won’t go directly to Optimism ecosystem. In this sense, this seems more appropriate for a EF grant. Or, there might be a time when this comes of as a retro-active public good. There might be an iteration of this proposal that I’m not thinking right now, that might align better. But that would mean Celestias lab to give up on some of their reward in this deal.
Likes: 2
Replies: 0
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