Ethereum Layer 2 Network Optimism launched a tokenization and new governance model in April. The team is to distribute tokens through the entire season of airdrops. In fact, the team even saw it as a major step toward a decentralized governance structure, known as the (OP)Optimism Collective.
Last year, the platform even got rid of the ‘whitelist’ to bring optimism one step closer to the truly open, optimistic Ethereum. But by doing so, it may have opened some cracks, which the team acknowledged and acted upon.
It’s all about bridging the gap
Ethereum L2 Protocol Optimism announced that they have removed an additional 17k Cibil addresses and recovered over 14 million OPs. team, in a tweet of May 24 couple,
“We are carefully analyzing OP airdrop #1 for CIBIL attackers who slipped through the cracks. We are pleased to announce that we have removed an additional 17k CIBIL addresses and over 14 million OP has been recovered.
Goodbye Sybils!”
All OP recovered will be redistributed proportionately to the other recipients of Airdrop #1. Or, as the team puts it, “It’s like an extra mini airdrop.”
Specifically, a Sybil attack is a type of attack on a computer network service in which an attacker destroys a service’s reputation system by creating a large number of pseudonymous identities and using them to gain disproportionately large influence. Is.
In addition, the team thanks the community for their support.
Like our initial CIBIL filter for Airdrop #1, we have chosen not to promote these additional filters. Teaching to be wise is not in anyone’s interest.
— optimism (✨🔴_🔴✨) (@optimismPBC) 23 May 2022
Optimism is one of Ethereum’s top layer 2 scaling projects. According to a report from Arcane Research, while transferring ETH can cost around $18.11, the same function costs less than $0.01.
run to the top
The project saw significant growth over the past few months amid increasing focus on Ethereum’s Layer 2 scaling solutions. In April 2022, the network recorded approximately $662 million in Total Value Locked (TVL). But the month of May could see disappointment for the network as TVL has slipped to $500 million.
Although Optimism is currently benefiting from a wave of hype, it is still lagging behind its biggest competitor, Arbitrum, another Layer 2 solution of the Optimism rollup that holds $2.71 billion in TVL.