End User Experience & Adoption
The Open X Project
We write smart contracts that facilitate the open exchange of ideas and value.
Appears in
10 ballots
Contribution
1 NFT Market contracts. These allow for any ERC20 to be exchanged for any ERC721. We addressed UI / UX issues voiced by Optimism users, particularly for veNFTs. The fee (1%) is the lowest among all NFT Markets on Optimism.
2. opxVELO - the only liquid staking project for VELO, offering users and projects access to veVELO without the time commitment of locking and managing a vote-escrowed position.
3. Auto-compounding vaults, featuring the lowest fees (7%) on Optimism.
4. Our UI / UX. UI hosting is possible only with project revenue.
5. I would like to nominate Alex, our only developer, for RPGF. He brought two years of web3 experience to Optimism without incentive. He has never received outside funding of any kind. He often competes with projects with sizable backing and incentives.
Impact
NFT Market: By allowing listings in stables, sellers can fix a stable floor price; allowing listings in the underlying token, e.g., listings of veVELO for VELO, creates a zero-slippage offer. >750k USD in value has been transacted using these contracts. >10k USD in fees have been cumulatively saved by users who choose our NFT Market over others. Since launch, its volume is several times that of all other NFT Markets on Optimism combined.
800+ users (and four protocols) have utilized opxVELO for liquid exposure to veVELO.
Impact Metrics
Funding sources
Revenue
Our fees go toward operational costs. We have no other source of funding.
7,500.00 USD