Reaching new crypto communities enables the Optimism ecosystem to expand. Once people experience Optimism firsthand, they tend to stick around for the long term. From there it’s only a matter of time before they learn about the larger vision the technology empowers. Things like the Optimism Collective, Optimism Governance, and RetroPGF.
When trying to understand something, there's only so much reading and hearing about it can do. One of the main takeaways from Optimism Quests was that one of the most impactful ways to learn about something is to actually experience it. That's why we're so excited to share that users of Coinbase Wallet can now learn about Optimism through quests on Coinbase Wallet.
What is Coinbase Wallet?
Coinbase Wallet is Coinbase's self-custodial wallet which grants you control over your crypto, allowing you to keep your crypto holdings and NFTs in one place while providing a gateway to the growing number of crypto apps. Learn more about Coinbase Wallet here.
Coinbase is the first exposure to the world of crypto for many. With over 100M+ verified users and 240+ assets available for trading, it is one of crypto's most trusted institutions. This makes it a perfect vessel to educate users on Optimism’s benefits.
What are quests on Coinbase Wallet?
If Coinbase Wallet is the gateway to the wonderful world of Web3, quests on Coinbase Wallet are a guided first step on that journey. Similar to other learn to earn programs, quests on Coinbase Wallet are a designed experience that walks you through some of the many things you can do on Optimism. This allows you to try Optimism in a simple way directly from your Coinbase Wallet and get rewarded in OP (Optimism's governance token)!
Swapping on Optimism through quests on Coinbase Wallet
The first quest on Optimism Coinbase Wallet is to swap ETH on the Optimism network for USDC, DAI, USDT, or WBTC with Optimism's relatively low transaction fees (~10x lower than Layer 1 Ethereum). By doing so, you'll receive 2 OP as a reward.
(Please note that nobody but you can decide if or when to participate in this quest, actual fees vary according to current network congestion, and nothing about this quest should be taken as investment advice!)
Download the Coinbase Wallet App
To use the quests on Coinbase Wallet feature, you’re first going to need to download the Coinbase Wallet app from your device’s app store (App store for iOS or Google Play Store for Android). Quests on Coinbase Wallet are only available on Coinbase Wallet mobile apps. From there, you can either create a new Coinbase Wallet from scratch or, if you already had one, import it using your seed phrase. You are solely responsible for the private keys, passwords and seed phrases to your Coinbase wallet, so keep them safe and do not share them with anyone.
Fund Your Wallet with ETH on Optimism
In order to complete your swap you will need some ETH on the Optimism network. There are a few ways to accomplish this. You can either buy and transfer ETH to Optimism directly from your Coinbase Wallet, transfer it from your Coinbase account, or transfer it using a bridge like those accessible via the Optimism Gateway. All methods are outlined in this Coinbase help article.
The actual quest
Once you’ve set up your Coinbase Wallet with some ETH, you’re ready to start your quest on Coinbase Wallet! There are a couple of ways to do so:
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- By clicking Explore Wallet Quests from the assets nav menu.
- By clicking the Start quest button from the browser nav menu.
- By clicking Explore Wallet Quests from the assets nav menu.
Selecting either of these will take you to the Swapping on Optimism Coinbase Wallet Quest flow. Select Continue.
At this point, you’ll be asked to confirm your humanity by connecting to your Coinbase account. After doing so, you can choose the type and amount of assets you’d like to swap.
Remember: you will need to have some ETH on Optimism in order to make a swap.
After clicking Find the best price you’ll then be shown all the details of your planned swap. Once you’re satisfied, click Confirm.
And viola! You successfully made a swap on Optimism and your 2 OP reward is on its way. When you receive it you can use it to participate in Optimism governance!
What's next for Optimism related quests on Coinbase Wallet?
In addition to the currently available swapping quest on Coinbase Wallet, there are more upcoming quests planned.
If you haven't tried Coinbase Wallet or the quests on Coinbase Wallet feature yet, you can download the app and give them a try. From there be sure to keep an eye out in-app for these other upcoming quests on Coinbase Wallet. In the meantime, you can brush up on your Optimism knowledge with this Coinbase Learn article.
We’d like to sincerely thank Coinbase for choosing Optimism as the first project featured on quests on Coinbase Wallet and look forward to future collaborations!
Happy questing and, as always, stay Optimistic! 🔴✨