Neron

Security update & roadmap. We received the final results from @coinbase’s security review of our codebase. No critical or high-severity bugs were found, and no issues were identified that put user funds at risk. The review found one medium-severity withdrawal availability edge case, plus several low-level issues, all of which are being addressed. We’ve now started an independent third-party audit with fortuna.security. Once that’s complete, we’ll roll out: • Points Seasons + Dashboard • Maker Program • Opal Vault • Higher liquidity + trading limits

Following our recent migration, we’ve received a lot of feedback from larger buyers asking us to reduce the trading fee on the token. Effective immediately, any wallet with at least $100k in net buys over a 7-day period will receive a full refund of the 5% buy fee. The fee will be removed entirely post Mainnet launch.

The Opal token has launched on Base. CA: 0x119B63B1605Be3A8ff4543c7F76f7f1f79eECd1f Base season has started. Big update is dropping next week. Stay tuned.

We just pulled liquidity of our old token. Tomorrow around 5pm UTC we will migrate everything 1:1 and launch our new token on Base. Current holders will be airdropped 48 hours later. The official CA will ONLY be announced here. @base season is starting. Get ready 🟦

Base token launch details: We’re excited to announce that the OPAL token will launch on Base on Tuesday, September 1st. We’re making the migration as simple as possible for current holders. You do not need to claim, bridge, swap, or manually migrate anything. Migration • We will pull liquidity on Monday, August 31st after 6 PM UTC and take a final snapshot of OPAL holders • The snapshot will be published once completed • Existing tokens and liquidity will migrate 1:1 • Base OPAL will be airdropped directly to holders 48 hours after launch • Hold OPAL in a wallet that supports Base, such as MetaMask, before the snapshot There is no migration website and nothing to claim. Anyone asking you to connect a wallet, send tokens, or approve a migration transaction is a scam. Tokenomics Today, 70M OPAL exist: • 50M circulating • 20M team allocation, locked With the Base launch, we are increasing total supply to 150M OPAL while locking the additional supply for 12months. The final Base tokenomics will be: 50M circulating 100M locked / non-circulating Of the 100M locked supply: • 20M existing team allocation • 60M airdrop & future community rewards • 10M ecosystem & protocol growth • 10M strategic liquidity & exchange integrations Put simply, we are adding 80M tokens, and every one of those tokens will be locked and non-circulating for 12 months. 50M OPAL circulates today. 50M OPAL will circulate after the Base launch. Most importantly: No additional team tokens are being added. The team allocation remains exactly the same, honoring our commitment to the community. The new supply is reserved entirely for community incentives, future growth, and the long-term health of the protocol. By doing so our incentives are 100% aligned with our holders. What benefits holders, benefits the team. One month before the 12-month lock expires, we will publish a detailed allocation and unlock schedule outlining exactly how, when, and why any future incentives may enter circulation. There will be no surprise unlocks. To date, we have sold zero team tokens, gave away zero KOL allocations, and have not diluted holders to finance operations. Our trading fee has allowed us to fund development without selling team supply or diluting holders. Our goal is to remove the trading fee entirely after mainnet once protocol revenue can sustainably fund operations. Launch: To discourage snipers & bots: First 2 hours: 10% sell fee After 2 hours: standard 5% buy / 5% sell fee

We're excited to announce that we'll be migrating and launching the Opal token on @base within the next 2 weeks. More info will be shared soon. Stay tuned. 🟦

We just wrapped up our bug bounty program and submitted our entire codebase to @coinbase for a security review.

We paid out $1,450 in bug bounties from the latest production testing round. All valid reports have been addressed, with fixes now live in production. A new $1,000 bounty round is now active for critical vulnerabilities. Thanks to all the testers. Keep breaking things. 🫡

For the first time ever, production is now public and open for everyone to test: app.opaldex.com To kick things off, we’re launching a $1,000 bug bounty for anyone who discovers a critical vulnerability capable of draining funds from the protocol and our internal market maker. During the bug bounty phase, trading limits will remain in place while we continue hardening the system. Next up: • Coinbase security review • Gradual liquidity increases • Points Dashboard and details on our 4 Seasons of Points • Launch of our HLP Vault Join our Telegram to connect with the team, report bugs, and share feedback: t.me/OfficialOpalExchange