Optimism (OP)

$OP 👀 https://t.co/vbsI871W9T

Optimism's doing it right, but with a huge dependency.

@ether_fi is around 95% of Optimism's TVL. Despite that, the network generates almost as much revenue as mainnet with a fraction of the TVL.

The ~$180M treasury makes this feel sustainable. Yesterday's @llamalend campaign was 250,000 OP over two months. That's nothing relative to the treasury.

Things I'd like to know:

> How much has @Optimism paid to bring and keep EtherFi?
> Is there any long-term agreement, or can EtherFi leave whenever it wants?

Look at @Scroll_ZKP. Once EtherFi left, the chain got destroyed.

When 95% of your TVL comes from one protocol, you're not measuring network adoption. Maybe it's time to change the chain's name.

Anime TCG cards are now a higher-integrity asset class than DeFi. 10 protocols including Satori and Ionic are sunsetting this month while an OP-11 Anniversary Gold Luffy sold for $17080.