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Delegate Mission Request: Making Optimism a primary home of liquid staked eth
Delegate Mission Request Summary:
This mission is aimed at significantly increasing the total value locked (TVL) of liquid staked ether (LST). Winning grants would contribute to this objective through innovative liquid staking functionalities, enticing migration incentives, and enhancements in cross-chain messaging, thereby bolstering Optimism’s position in the DeFi ecosystem.
S5 Intent
Intent 3: Improve the Consumer Experience
Baseline Grant Amount
200k OP designed to fund initiatives that will drive LST functionality and growth on Superchain. This includes developing new staking and restaking functionalities, crafting attractive migration incentives, and improving crosschain communications.
Should this Foundation Mission be fulfilled by one or multiple applicants
Multiple
How will this Delegate Mission Request help accomplish the above Intent?
This mission builds off of the more general capital migration mission proposal but is a targeted one at a particularly low hanging fruit: liquid staked ether, which represents over 80% of all the 60-odd billion TVL on Mainnet. Enhancing Optimism’s appeal to LST holders, Ether stakers, and projects built around staking eth can be a major vector of capital migration.
What is required to execute this Delegate Mission Request?
Any of:
Development of innovative liquid staking solutions or functionalities that are unique to Optimism
Designing and implementing migration incentives to attract LST holders
Development of crosschain communication tools to facilitate useful but previously impossible functions related to staking.
Proposals must demonstrate technical feasibility, security considerations, and a clear plan for implementation within the Optimism ecosystem.
Proposals encouraging the use or migration of lesser-used but high-quality LSTs should be favorably treated
How should the Token House measure progress towards this Mission?
Reports on the development and deployment of new liquid staking functionalities and migration incentives.
Monitoring increases in LST TVL on Optimism post-implementation as well as messaging from organizations involved in staking
New launches of LST protocols on Optimism
How should badgeholders measure impact upon completion of this Mission?
TVL of LSTs on the Superchain.
Adoption rate and user feedback regarding the new staking functionalities and incentives.
Success of crosschain transactions in terms of capital interactions, transaction volume, and user experience.
The text was updated successfully, but these errors were encountered:
Delegate Mission Request: Making Optimism a primary home of liquid staked eth
Delegate Mission Request Summary:
This mission is aimed at significantly increasing the total value locked (TVL) of liquid staked ether (LST). Winning grants would contribute to this objective through innovative liquid staking functionalities, enticing migration incentives, and enhancements in cross-chain messaging, thereby bolstering Optimism’s position in the DeFi ecosystem.
S5 Intent
Intent 3: Improve the Consumer Experience
Proposing Delegate
Jack Anorak 5
Proposal Tier
Scales up to tier of proposer
Baseline Grant Amount
200k OP designed to fund initiatives that will drive LST functionality and growth on Superchain. This includes developing new staking and restaking functionalities, crafting attractive migration incentives, and improving crosschain communications.
Should this Foundation Mission be fulfilled by one or multiple applicants
Multiple
Completion Date
September 1, 2024
Apply Here
How will this Delegate Mission Request help accomplish the above Intent?
This mission builds off of the more general capital migration mission proposal but is a targeted one at a particularly low hanging fruit: liquid staked ether, which represents over 80% of all the 60-odd billion TVL on Mainnet. Enhancing Optimism’s appeal to LST holders, Ether stakers, and projects built around staking eth can be a major vector of capital migration.
What is required to execute this Delegate Mission Request?
Any of:
How should badgeholders measure impact upon completion of this Mission?
The text was updated successfully, but these errors were encountered: