gmgm,
We wanted to share that, after being considered, posted on Charmverse, funded, assigned to a team, and executed, this initiative has successfully reached completion with very positive results.
The grant assigned to us was used to support a team called DAMM Capital, which runs on-chain DeFi strategies aimed at generating returns on specific investments, similar to how curators operate.
Some of the vaults developed by the team, such as vaults designed to generate yield in $OP, operating purely on Optimism, had never been built before.
Thanks to this grant, we were able to help them build the front end that allows users to interact with these strategies, making the model they designed actually usable. While the auditing phase and other formal steps are still pending, we can now say the solution is live.
In the team’s own words, without the incentive provided through the OP Grant, the project would have been unlikely to move forward using only their own resources.
For anyone interested in a deeper look at the process, here’s an update thread on the Optimism forum detailing the full journey of the initiative:
We’re also sharing two public announcements, one from our side and one from DAMM Capital announcing the launch of the project:
- https://x.com/wakeuplabs/status/2008999249120281052
- https://x.com/DAMM_Capital/status/2008921763959250996
We hope this work meets the long-term metrics projected, especially in terms of transaction count, gas usage, and volume generated.