Optimism Quests Collections (3/3)

Source: Optimism

Optimism announced the launch of its Optimism Quests last week. The Optimism Quests is partnered with Galxe (formerly Project Galaxy), a Web3 digital credential data network, where users can mint NFTs on Galxe after completing required tasks. NFT mint time is from 17:00 UTC on September 20th, 2022 to 17:00 UTC on January 17th, 2023.

A total of 18 projects are currently participating in Optimism Quests. We plan to present 6 projects and their tasks each day, with this article being the third part of the series.

The first two parts of the participating projects and tasks can be found at Optimism Quests Collections (1/3) and Optimism Quests Collections (2/3)

Synthetix

• Synthetix is a decentralized synthetic asset issuance protocol built on Ethereum and Optimism. These synthetic assets are collateralized by the Synthetix Network Token ($SNX) which when locked in the contract enables the issuance of synthetic assets (Synths). Synths are financial instruments which tracks and provides returns for another asset without requiring you to hold the native asset. These take shape in two primary ways, spot synths and futures markets.
• $SNX is the native token of Synthetix. $SNX holders are incentivized to stake their tokens as they are paid a pro-rata portion of the fees generated through activity on Synthetix from integrators (Kwenta, Lyra, Curve, dHEDGE, and many others).
• Synthetix’s investors include Paradigm, Coinbase Ventures, Framework Ventures, Hashed, and others.
• Task: Stake ≥ 100 $SNX and claim weekly staking rewards at least twice on Synthetix

Lyra

• Lyra is an automated market maker (AMM) for trading European option. Lyra allows traders to buy and sell options that are accurately priced with the first market-based, skew adjusted pricing model. Lyra also quantifies the risks incurred by liquidity providers and actively hedges them, encouraging more liquidity to enter the protocol. $LYRA is the native token of Lyra.
• Lyra’s investors include Framework Ventures, ParaFi Capital, Jump Capital, and others.
• Tasks: 1. Trade > $100 in premiums on Lyra 2. Follow @LyraFinance on Twitter

Kwenta

• Kwenta is a decentralized trading platform offering synthetic perpetuals and spot trading on Optimism. Kwenta uses the sUSD stablecoin. $KWENTA is the native token of Kwenta. Users can use $KWENTA to buy or sell synthetic assets (Synths), trade with up to 10x leverage, and stake it for rewards.
• Tasks: 1. Open a futures position ≥ $100 USD equivalent on Kwenta 2. Follow @Kwenta_io on Twitter 3. Join the Kwenta Discord server
• Once cross margin launches, the task will be switched to open $100 notional in a cross margin wallet
• Additional Rewards: Earning “The League” role in Kwenta’s Discord

Perpetual Protocol

• Perpetual Protocol is a decentralized perpetual futures exchange. Perp v2 permissionlessly builds on top of Uniswap v3’s smart contracts, using Uniswap’s on-chain infrastructure as a key component of the protocol to create perpetual futures markets with concentrated liquidity. Perp allows users to utilize leverage of up to 10x when trading or providing liquidity. $PERP is the native governance token of Perpetual Protocol, and its holders can stake tokens to receive rewards.
• Perpetual Protocol’s investors include Multicoin Capital, Mechanism, Three Arrows Capital, and others.
• Task: Open a trade with a position size ≥ 100 $USDC on Perpetual Protocol
• Additional Rewards: All Perp Fi traders who participated in Optimism Quests will get a special NFT as a reward

Pika Protocol

• Pika Protocol is a perpetual swap exchange on Optimism that supports leveraged trading of a large number of assets up to 50x with low fees and almost zero slippage. The protocol currently supports 11 tokens, such as $BTC, $ETH, $SOL, $AVAX, $MATIC, etc. Pika protocol will issue the token $PIKA.
• Tasks: 1. Open a margin trade with ≥ 30 $USDC on Pika 2. Deposit ≥ 30 $USDC liquidity into a liquidity pool on Pika and keep it locked for at least 3 days

Polynomial

• Polynomial is an option liquidity aggregation protocol that automates financial derivative strategies to create products that deliver passive yield on various assets. Polynomial Earn is the first decentralized options vault (DOV) that executes completely on-chain by selling options directly to an AMM. Polynomial has not issued its native token.
• Task: 1. Deposit into any of the v2 vaults on Polynomial 2. Follow @PolynomialFi on Twitter or join the Polynomial Discord server

The original post can be found here at TokenInsight:

https://tokeninsight.com/en/calendar/optimism-quests-collections-3-3