Retroactive airdrop is a concept of releasing governance tokens to the users who had interacted with the protocol before, through either trading or liquidity provision. This event is completely free and has contributed to the user retention and popularity of many famous decentralized exchanges such as Uniswap, 1inch, and recently dYdX becomes the latest airdrop to surpass $100,000 for the most active users and the DEX’s transaction volumes highlight the rising popularity of layer 2 platforms.
Optimism, a next-generation layer 2 for Ethereum, is deemed to be the next project that would issue its a native token through airdrop soon. In this article, AZCoin News will guide you on how to receive Optimism airdrop.
What is Optimism?
Optimism is a layer 2 scaling solution for Ethereum which offers lower transaction fees. For consumers who are used to switching between networks in metamask it provides another network to the ever expanding list of EVM (Ethereum virtual machine) compatible blockchains.
On Optimism solidity smart contract code is built using a custom compiler to generate OVM (Optimism Virtual Machine) bytecode. This is then sent to a node operating on the Optimistic network where it gets deployed to an address much like on L1 (Layer 1 or Ethereum Mainnet). Transactions to the smart contract are aggregated and stored in a transaction inbox on L1. The state changes of these transactions are computed by the Optimism virtual machine and the resulting state is pushed forward to the next block.
Optimism differs from Arbitrum in that single round fraud proofs are executed on L1 providing faster resolution.
Guide on Optimism airdrop
Step 1: You should manually add Optimism’s information to MetaMask with the following information:
Network Name: Optimistic Ethereum
New RPC URL: https://mainnet.optimism.io
Chain ID: 10
Currency Symbol: ETH
Block Explorer URL: https://optimistic.etherscan.io
Step 2: Now let’s bridge some ETH across to Optimism: https://gateway.optimism.io/
Step 3: Connect Metamask in the top right corner then enter the amount of ETH in the top input which will be deposited 1:1 on to the Optimism L2. Sign the transaction in Metamask and wait for it to go through.
Step 4: Once the transaction is confirmed we can add the Optimism L2 to Metamask. Click on “Deposit”.
Step 5: To swap on Optimism L2, Go to Uniswap and Connect Wallet.
Step 6: Click on “Swap”. Choose the pair you want to swap and enter the amount.
Finally: Confirm your transaction and wait until it is submitted and recorded on the Metamask wallet.
Good luck!
Read more:
- How To Get ARB Tokens Airdrop From Layer 2 Arbitrum – Full Guide
- MetaMask Has Revealed Plans For A Possible Token Release And Airdrop