Optimism Fault Proofs Have Arrived! What This Could Mean For Ethereum And New Star Raboo!
Development has rocked the DeFi sector again–that’s almost a weekly thing now–and this time, it’s coming from the Ethereum L2 networks. Optimism (OP) is achieving even more decentralization, and the upgrade spells a safe, transparent future for Ethereum (ETH). Raboo ($RABT), on the other hand, may passively benefit from the goodies in the long run, [...]
Development has rocked the DeFi sector again–that’s almost a weekly thing now–and this time, it’s coming from the Ethereum L2 networks. Optimism (OP) is achieving even more decentralization, and the upgrade spells a safe, transparent future for Ethereum (ETH).
Raboo ($RABT), on the other hand, may passively benefit from the goodies in the long run, but it’s more concerned with its presale and launch now. The meme-verse is about to get rocked, too, and Raboo is the catalyst.
More on Raboo and its presale in a bit.
Optimism launches fault proofs on mainnet
Since its launch, Optimism has been looking to introduce measures to approve withdrawals on its network, and OP is finally looking at a breakthrough. The implementation of its new fault proofs has reached the mainnet.
Formerly, the Optimism Security Council held all the power to initiate withdrawals; now, the fault proofs put that power in the hands of the users while allowing them to query withdrawals, too. Of course, the changes won’t be all too drastic, as the Security Council will keep overseeing withdrawal operations as the fault proofs gradually ease into functionality.
As with most DeFi projects, there hasn’t been much focus on the price. In fact, OP price is down 19% in the past week despite a raging bull run in May. Even now, experts think the Optimism price is more likely to test its $1.1 support than surge elsewhere.
Experience the Raboo effect on crypto memes
Memes have been a thing in the crypto-verse since 2013, but Raboo isn’t satisfied with the gap in the quality of memes recently. And its way of responding to that is a revolution–the top memes are in trouble.
Raboo’s plans for a revolution are simple: release so many high quality memes that the tacky memes get choked out. The new meme order will definitely affect Dogecoin, Pepe, and Shiba Inu, as Raboo has its sights on the top 20 cryptocurrency ranks. And analysts expect $RABT to get there in no time.
Like other meme coins, Raboo will need its community to help with the quality meme distribution, but unlike other memes, $RABT has its users’ interests at heart. The Raboo-verse doubles as a site for top-notch meme creation as well as a community of like-minded meme enthusiasts.
While meme lovers help to develop high-quality memes, they have a 135-million-token pool from which to draw rewards. The more engagement there is, the more token rewards each user gets.
Ethereum ETFs might affect ETH better than Bitcoin’s ETFs
The second wave of ETF approval saw the SEC register Ethereum ETFs, allowing for a more secure trading instrument for institutional traders. Ethereum surged to new heights after the news, but even more important are the long-term effects of the ETFs on the Ethereum price.
CoinDesk analysts indicate that Ethereum ETFs will be a better upgrade to the network than Bitcoin’s ETFs were on BTC. Ethereum is already a major force in terms of developer activity, so we will only see more projects launch in the future. Plus, most Ethereum-based projects have significant potential for scaling up, thanks to the numerous L2 networks and a vast Ethereum user base.
So, with Ethereum looking more attractive to institution traders, we are more likely to see sharp pumps in Ethereum price soon enough. At the moment, the token is in price correction, with 8.35% losses from the past week.
As Ethereum spikes, tokens launched directly on the blockchain are bound to get ripple effects of the spikes. Throw in Raboo’s potential gains, and you’ll see how valuable your $RABT tokens can become.
Conclusion
Still on user benefits, the $RABT presale mirrors the typical meme coin’s ICO. The presale is in Stage 4, with each token worth $0.0048. Early buyers will benefit from 233% profits, however you can still get profits even if you invest now.
Post-launch, you have 1000x ROI to look out for with your $RABT coins. Get your tokens now on the presale interface, and look forward to stellar profits from Raboo!
You can participate in the Raboo presale here.
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