Privacy DEX built on BASE. Trades stay hidden, even from the house. 100% of protocol fees are distributed to holders.
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Production V1 is now live!
First invites are out. More will roll out weekly: opaldex.com/dexwaitlist
We are starting with limited capacity as we stress test the system and slowly start to scale.
Next up: @coinbase audit followed by mainnet with deep liquidity.
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We’re opening up the first spots in the Opal Maker Program.
The first 10 participants get a 25% boost on maker rewards.
If you want in early, dm us or message Clemens_555 on Telegram and secure your spot.
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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
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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.
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Our migration is now complete and all holders have been airdropped.
Big thank you to our community for trusting us throughout this process.
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👀
Just onboarded a top 10 Hyperliquid trader to @opal_dex.
If you're a perp trader & looking to trade on a DEX that actually values your opinion, please hit me up.
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The Opal token has launched on Base.
CA: 0x119B63B1605Be3A8ff4543c7F76f7f1f79eECd1f
Base season has started. Big update is dropping next week. Stay tuned.
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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 🟦
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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
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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. 🟦
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We just wrapped up our bug bounty program and submitted our entire codebase to @coinbase for a security review.
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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. 🫡
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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
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Appreciate the shout out @base 🫡
Production testing is going very well and we're getting ready to roll out some big updates soon.
Momentum is building on Base.
Here’s 25 things the Base ecosystem launched and announced in July.
1) @morpho launched Morpho Midnight, Fixed Rate Markets, and a new Markets App. Allowing users on Base to lend and borrow at fixed rates.
2) @o1_exchange introduced the B20 launchpad to create and discover B20 tokens on Base in seconds, without code.
3) @bankrbot crossed $5B in total volume traded onchain through Bankr.
4) @tenorfinance, a fixed-rate lending and borrowing platform for asset managers and large borrowers, went live on Base to provide access to onchain lending markets.
5) @numoforex presented the first stablecoin-settled USD/NGN futures exchange, unlocking Nigerian Naira DeFi opportunities on Base.
6) @noon_capital went live with its digital dollar, built with institutional-grade security, on Base.
7) @definitivefi launched Flash Agents, delivering advanced orders, smart routing and resilient execution on Base.
8) @doppler_fi expanded to Base, starting with infrastructure for cbXRP and paving the way for more tokenized assets over time.
9) @cloudflare announced Monetization Gateway, which will allow you to charge for any web page, dataset, API, or MCP tool behind Cloudflare with stablecoins on x402.
10) @apify launched 20,000+ tools accessible through x402, giving autonomous agents access to the largest marketplace of web automation tools.
11) @spiko, with @coinbase, now lets USDC and EURC settle directly into regulated, yield-bearing UCITS liquidity funds on Base.
12) @centrifuge issued over $50 million in tokenized AAA CLOs on Base as part of Ethena’s ongoing diversification of its collateral with institutional credit.
13) @avantis announced the rollout of Avantis V2 on August 12, featuring expanded RWA access, zero-commission trading, and more.
14) @midasrwa launched on Base to bring its composable onchain investment products to one of the largest onchain finance ecosystems.
15) @askvenice raised $65 million in a round led by Dragonfly at a $1 billion valuation, to expand its private and uncensored AI platform as an alternative to mainstream models.
16) @ethos_network launched Ethos Trade, a beta version of its Reputation Markets v2 that lets users trade anyone’s reputation onchain.
17) @liveframe shipped a tool for UGC creators, streamers, and clippers to monetize their attention and get paid through its next-generation distribution platform on Base.
18) @liminalcash launched Nim, an AI financial agent on Base that lets users move money, split bills, invest, and handle banking tasks through simple conversation.
19) @opal_dex announced Production V1 of its privacy-first perpetual DEX on Base, with invite-only access and limited capacity now live for stress-testing.
20) @birchhill_io launched its first onchain product: a permissioned USDC credit market on Base backed by tokenized real estate equity.
21) @pixiechess opened its new Free Brawl game mode on Base, offering no-entry-fee play with real rewards.
22) @trueo_ launched user-created markets on its permissionless prediction platform, letting anyone ask questions, create markets, and earn.
23) @korprotocol shipped KOR ID on Base, a unified verified identity that unlocks access to its full suite of apps and enables instant agent payments on deal close.
24) @niftyisland launched Prize World, a new play mode powered by Base for collecting authenticated trading cards and unlocking rewards.
25) @freedomfactory announced PQ1, the world’s first fully post-quantum hardware wallet, live on Base.
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The Opal token is moving to @base
When we launched Opal, we deliberately chose Ethereum mainnet. We wanted to see which ecosystem would truly support our long-term vision before committing.
The answer became obvious.
Base is the fastest-growing L2 and extremely performant. On the token side, it has significantly more volume and attention than ETH mainnet. But most importantly for us, it offers its builders by far the best support.
Over the past 7 months, the Base team has been instrumental in helping us bring the first house-blind privacy perpetual DEX to market. From ecosystem support to the ventures team, they’ve consistently gone above and beyond. Going through two Base Batches cohorts was a game changer, and we’d encourage every serious builder to apply to the next one.
Huge thank you to the team at base @jessepollak @davidtsocy @BronheimDaniel @RyanGittleson and @ZacPrater for all your help and support thus far.
This is a move our community has been asking for for months, and we’re excited to finally make it happen.
Existing holders will be migrated 1:1. Team
tokens will remain fully locked and all liquidity will also be moved 1:1. For now, OPAL will continue trading on ETH mainnet as usual and we’ll announce a launch date and more details soon.
On the product side, we're happy to share that production testing is going well so far, and another batch of invites is going out today.
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