Encrypted ETF on the rise: Fidelity joins, batch ETF applications flood into the SEC
March 26, 2021With the development of the Bitcoin bull market, what data are currently worthy of our attention?
March 26, 2021The Ethereum Layer 2 expansion plan, which was originally scheduled to be opened to the public in March, Optimism announced today that it will delay the launch of the public mainnet. It is expected to be launched in July this year to ensure that the entire community can coordinate the launch, so that basic projects, infrastructure providers, Block explorers, wallets, token bridges, etc. have time to integrate, audit, and test.
Optimism will also open a testnet to developers on April 20 for the Ethereum expansion hackathon.
The delay of Optimism’s public mainnet launch may have an impact on the DeFi protocol roadmap, but some DeFi projects have obtained the whitelist deployment qualification of Optimism and can launch second-tier products before the Optimism public mainnet is released.
Optimism is launching the mainnet in a phased manner. It has carried out reward activities on the testnet and finally officially launched the Ethereum mainnet on January 15th, but it is still advancing in the form of limited functions, so it is officially called a soft start ( Trial operation) and cooperated with Synthetix, a synthetic asset agreement.
According to the relevant content of the first board meeting published by Synthetix on March 3, the number of SNX migrating to the Optimistic Ethereum deposit contract is currently more than 4.5 million, and it is about to enter the first phase, namely Synth trading, support for Chainlink oracles and the second layer SNX and Synth can be transferred on the platform, and then it will enter the follow-up phase as planned. At present, Synthetix is completing the preparations for entering phase one.
SushiSwap CTO Joseph Delong previously tweeted that he plans to complete the deployment after the Optimism mainnet goes live. At present, SushiSwap’s plan to deploy Optimism will be postponed. In addition, Uniswap V3 also stated that it is expected to be launched on Optimism in mid-May.
The Optimism team completed the $25 million Series A financing led by a16z in November last year, and early investor Paradigm continued to participate in this round of investment. Optimistic Ethereum is a scaling solution with complete cross-layer portability without rewriting smart contracts.
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.
