
Optimism Foundation sends $20M to the wrong wallet – OP drops 36%
In an announcement the Optimism Foundation confirmed that they sent 20M OP tokens to the wrong multi-sig wallet even after completing two test transactions

Insights on Optimism’s Layer-2 scaling, governance model, and Ethereum ecosystem integrations.

The governance system is a unique bicameral model in which two different entities will work together to grow the ecosystem.

Later this week, the synthetic assets protocol Synthetix will launch its service on Optimism, the optimistic roll-up scaling solution on Ethereum. The launch will imply an upgrade to the protocol, and trading will initially be limited.

Announced today, the Ethereum layer-2 chain Optimism was alerted by a white hat hacker of a critical bug in a smart contract. The bug was fixed and $2 million in bug bounty was paid out to the hacker.

Optimism is a Layer 2 scaling solution based on Optimistic Rollup. The advantage of this solution is that it is easy to integrate with DApps.

Layer 2 optimistic rollup network, Optimism has officially removed the Whitelist feature from its network, enabling developers to deploy arbitrary codes directly on its mainnet.

The launch of Perpetual Protocol v2 (dubbed Curie) to Optimism Mainnet reduces the cost required to place a trade and speeds up trade execution.