PoolTogether Goes Live On OP Mainnet

USDC depositors on OP Mainnet will receive a share of OP incentives in addition to the daily prize raffles.

Quick Take

  • Ethereum turns 7 years.

  • WNBA issues its first POAP.

  • Lenstube introduces short form videos.

  • DeFiLlama plans to launch a portfolio tracker.

PoolTogether Goes Live On OP Mainnet

The Optimism vault on prize savings protocol PoolTogether is now live. In addition to PoolTogether’s daily prize raffles, USDC depositors on the Optimism network will also receive a share of OP tokens. A total of 100k OP tokens are being distributed over 28 days. The OP rewards come from the Optimism Ecosystem Fund, which supports proposals that bring sustainable growth to the Optimism network. The current APR on PoolTogether inclusive of OP rewards is roughly 9%. Since the launch of OP tokens in May, Optimism has more than doubled its TVL to more than $1.2 billion.

7 Years Since Ethereum Launched

It’s now been 7 years since the launch of the Ethereum blockchain. On July 30, 2015, the Ethereum genesis block was mined into existence, referred to as the Frontier launch. Frontier, the first mainnet release of Ethereum, provided miners with a block reward of 5 ETH per block. Ethereum was the first smart contract blockchain. Over the years, Ethereum has undergone several upgrades, including Homestead, The DAO Fork, and Metropolis. Each upgrade has improved the usability of the protocol and given rise to ICO fundraising, DAOs, DeFi, NFTs, and Layer 2 networks. Ethereum now holds the largest developer community and has held its position as the leading altcoin over the past three years.

WNBA Issues First POAP NFT

The WNBA issued its first POAP NFT during the 2022 WNBA Commissioner's Cup on July 26th. Attendees at the Coinbase-sponsored event had the chance to scan a QR code on the jumbotron at the Wintrust Arena. Roughly 700 email addresses were submitted via the QR code. Instructions on how to claim the POAP NFT were then sent over email. A total of 91 POAP NFTs were claimed by attendees of the Las Vegas Aces vs Chicago Sky game. POAP’s enterprise service team had worked closely with the WNBA to issue the collectable badge. The WNBA shared a flyer with details about the POAP, stating collectors will be able to unlock future WNBA rewards and benefits.

Lenstube Introduces Lens Bytes

Lenstube, an open-source video-sharing platform built on top of LensProtocol, has added support for short form video clips called Lenstube Bytes. To upload a Byte, users simply add the #Byte to their video. Lens users are able to mint Bytes as NFTs, Like Bytes, and Mirror Bytes across the Lens ecosystem. Lenstube uses Arweave’s Bundlr Network to store videos permanently on IPFS. Anyone with a lens handle is now able to use Lenstube to watch or upload videos.

Swell Network Nears Mainnet Production

Swell Network, a liquid staking platform, announced that it has pushed its mainnet release candidate to production. According to the project, Swell Network is one step away from mainnet and anticipates to go live ahead of the Merge. Swell also allows node operators to set their own branding and commission rate within the protocol via the Swell dapp. The protocol is currently live on the Goerli testnet for stakers and node operators.

LlamaFolio Portfolio Tracker

DeFi analytics platform DeFiLlama revealed that it will launch an open-source, permissionless, and privacy-conscious portfolio tracker called LlamaFolio. The landing page for ​​LlamaFolio.com only states that the new application is coming soon. DefiLlama is the largest TVL aggregator for DeFi, providing data and analytics from more than 100 chains.

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