1inch Will Airdrop 300,000 OP To Optimism Users In “Near Future”

Decentralized exchange aggregator 1inch has announced it will give out a retrospective airdrop of 300,000 OP tokens to 1inch wallet users on the Optimism network – an Ethereum Layer 2 scaling solution. 

This decentralized exchange will reward users who made swaps via the 1inch wallet using the Ethereum Layer 2 scaling solution Optimism. The drop will be retrospective, equally distributed between all qualifying wallets since the network expanded to Optimism in August 2021. 

All wallets that have made swaps through the 1inch wallet on the Optimism network up until September 1 will receive an identical number of tokens. This will disqualify wallets that have been used in a Sybil attack, a security risk in which an attacker uses several addresses for malevolent purposes. The airdrop, which was supposed to happen today, will now happen a few days from now.

 “Optimism is one of the most efficient and popular L2 solutions. Since 1inch expanded to Optimism, we have seen substantial activity on that network, and this reward will come as an extra incentive for them to use 1inch on Optimism.” 

1inch co-founder Sergej Kunz said, in a statement

Over 45,000 wallets have used 1inch on Optimism, this decentralized exchange claims. 28,600 of them had it set as their priority, which indicates that the majority of their transactions took place on the Optimism network.

By bundling transaction verifications off-chain, Optimism’s Layer 2 Optimistic Rollup scaling solution attempts to take advantage of Ethereum’s security while lowering costs and latency. It currently has over $900 million in value locked on the network, and since the year’s beginning, the number of transactions has been continuously increasing.

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