Project description (please explain how your project works): Infinity Wallet is the first all-in-one non-custodial wallet ecosystem and Web3 browser of its kind on desktop (“a Wallet Super App”), launched in 2019, and supporting hundreds of thousands of users. Not a browser extension, but a complete standalone desktop application providing a one-stop solution for seamless access and usability of DeFi, NFTs and cross-border payments, with a gateway to the world of Web3/DApps via the first desktop Web3 browser and Dapp store. Fulfilling all a user’s decentralized needs in a single platform, while removing the complexities of decentralized finance and Web3, enabling economic freedom for everyone globally! Infinity Wallet was created to finally enable mass adoption, as a single access point to the entire decentralized world. We have focused on providing the best possible user experience, to lower the barrier to entry and allow for streamlined and secure adoption of DeFi and Web3. Providing a world-class user experience with a seamless user interface, and a full spectrum of constantly growing in-wallet features and services as a one-stop hub. Making Infinity Wallet the complete solution for all crypto users’ needs, while making adoption and usage of cross-border payments, DeFi, NFTs and Web3 easier than ever before for mainstream adoption. Infinity Wallet is not just a unique one-stop wallet built for the masses, it is also the first desktop platform to provide users with access to the entire Web3 and DApp space without needing to leave their wallet, with the first Web3 browser and DApp store on desktop as a standalone App. Finally removing the need to use unintuitive, unfriendly and feature-lacking browser extension wallets ever again! Providing a far superior, safer and more natural user experience, with a range of unique advantages for users, DApps, and chains alike, enabling easier usage and adoption. For a detailed look over our many other features/services please see our information deck available at https://infinitywallet.io/docs/Infinity Wallet Deck.pdf, or our docs at Features & Notable Advancements - Infinity Wallet (detailing further information on core features/services and secondary features).

Relevant usage metrics (TVL, transactions, volume, unique addresses, etc. Optimism metrics preferred; please link to public sources such as Dune Analytics, etc.): • 46,000 MAU; • $600,000,000+ TVH; • 800,000+ transactions; • 100,000+ users subscribed to be notified of mobile release; • Most used chain is ETH followed by BSC; Some metrics/evidence of Infinity Wallet’s success: • Infinity Wallet desktop download activity Github Release Stats • Around 110,000 monthly website visits (https://www.similarweb.com/website/infinitywallet.io/) • BNB MVB IV selected project, and tweeted about multiple times by Binance and BNBChain twitter accounts (https://twitter.com/BNBCHAIN/status/1524199862702551040 and https://twitter.com/BNBCHAIN/status/1514270664978575365); • Top 10 voted project on KCC (https://twitter.com/KCCOfficialTW/status/152515227027848396); • Supported as a top 4 desktop connection option on Wallet Connect; Competitors, peers, or similar projects (please link): In the crypto and non-crypto space our current competitors are far from ideal. We are one of very few in the space redefining the wallet experience, creating a complete one-stop DeFi and Web3 solution focused on delivering a new and enhanced experience for less tech savvy users. A few general competitors can be found below: Partial competitors with accepted OP Proposal: • Tally Ho ([REVIEW][GF Phase 1 Proposal] Optimism 🤝 Tally Ho - 400,000 OP) - A general browser extension wallet with limited functionality and UX, that has significantly less traction/users; • Rainbow ([Review][GF Phase 1 Proposal] Optimism 🌈 Rainbow - 420,069 OP) - A general mobile wallet with limited functionality; Other competitors in the space could include a range of platforms from wallets, payment apps, portfolio/DeFi dashboards, NFTs, exchanges, bridges, staking platforms and much more. • Metamask (in terms of Web3/DApp access) • Trust Wallet (in terms of mobile and Web3/DApp access) • Exodus (in terms of UX, as like us they are focused on end users that are less tech-savvy, rather than developers) Browser-extension wallets (competitors in access to Web3 & DApps) - These generally lack accessibility/usability, limited features/services, high fees, limited chain types, lack a standalone web3 browser, no live user support, and have an overall poor user experience. They act more as an interface than a wallet, with us finding that many of our users happily moved from other browser extension-wallets to the Infinity Wallet when they learned of us; Other desktop wallets - These generally have no open access to DApps and Web3, poor user interface, high fees, lack a one-stop solution, provide few features/services, and have limited token support; Competitive Advantages Infinity Wallet provides a unique wallet and the first Web3 browser solution on desktop, with a mobile version also in the works that will redefine the Crypto, DeFi & Web3 experience on mobile. Bringing a wide range of advantages, such as: • A unique platform in the space providing a complete experience in a standalone desktop app, rather than a browser extension. Delivering a high quality, one-stop user focused experience required for mass adoption; • The first desktop Web3 browser & DApp store. Finally freeing desktop users from having to use unintuitive and feature-lacking browser extension wallets to access Web3 and DApps. While providing a simpler, easy to use medium to access Web3 and discover DApps; • The Infinity Wallet enables users to directly connect to a DApp on the web, but also to connect with DApps that require connecting via their own downloadable software/app rather than a domain. Making Infinity Wallet the only desktop wallet to support true unlimited access to all of Web3. • An encompassing approach to provide an all-in-one multi-chain platform, supporting all chain types (EVM and non-EVM, L1 and L2) across the Infinity ecosystem. Enabling seamless use of all chains within a single platform, for easier interoperability between chains and removing the need for multiple wallets. • We are delivering a more curated in-wallet experience, with a focus on providing a far superior and seamless user experience, as a one-stop solution for all a user’s DeFi, Web3, NFT, Crypto and Payment needs. With all features, services and protocols directly accessible within a single platform, and working with users on constant new developments to meet their demands; • We are actively solving issues within the space today. Such as, the need to learn and use multiple platforms, lack of live user DeFi & Web3 support to help users learn and onboard, lack of new innovation and limited features/services (limiting the user experience, along with user accessibility/usage), high fees, bad user experience and unprofessional user interfaces. With most other platforms built with a focus more on developers rather than less tech savvy end users; What is the problem statement this proposal hopes to solve for the Optimism ecosystem?: Wallets are the most fundamental component required for usage and adoption of DeFi, Web3, crypto payments, a chain and its ecosystem, however they are one of the least well developed applications in the crypto ecosystem. Today, wallets act mainly as an interface, serving primarily as a transaction signing layer, with very limited functionality or in-wallet features, requiring use of multiple platforms, and are generally lacking in basic UX, while providing very unprofessional, hard to use and aesthetically poor user interfaces, with most platforms built for developers rather than end users. This has been sufficient for the early adopters in crypto, however, for the next billion users to onboard, a more curated, frictionless and high quality user experience is required! Desktop Web3 wallet options are limited in particular, delivering very little in terms of new innovation, or solving today’s issues, while requiring the user to install a browser extension, which is not the natural flow. Overall delivering an unintuitive and feature-lacking user experience, with limited or no native support for OP and its ecosystem/DApps, greatly restricting the possibility for discoverability and adoption. For Optimism to compete and attract users and developers, it needs a one-stop wallet super app providing a seamless user experience, to enable users to onboard and adopt Optimism, and discover the OP ecosystem as their home.

How does your proposal offer a value proposition solving the above problem?: Infinity Wallet steps in as a one-stop hub for all payment, DeFi, NFT and Web3 activity. Providing a unique all-in-one standalone wallet solution and first Web3 browser with DApp store, removing the need for unfriendly and feature-less browser extension wallets. Enabling easier usage, onboarding and discoverability of Optimism and its ecosystem, along with a full spectrum of in-wallet services, features and protocols, as an all-in-one wallet super app for all a user’s decentralized needs! Infinity Wallet focuses on redefining the wallet experience and solving today’s issues, delivering a premium platform and enhancing the user experience, while providing a user centric interface for a frictionless and high quality decentralized experience that users are generally used to with web2/centralized solutions. Lowering the barrier to entry, to allow for easy onboarding and true adoption of DeFi, crypto payments & Web3 globally, while allowing users to maintain complete privacy and self-custody! Infinity Wallet has already made a sizable investment in supporting Optimism throughout the Infinity Wallet and its ecosystem, and we are currently planning to invest further resources into expanding developments and support for Optimism. We have much planned over the coming years, which will continue to drive value and growth to Optimism. Below are just a fraction of the developments we are working on over the next few months, which we will be expanding support for Optimism: • Support Optimism as a default enabled chain to hundreds of thousands of Infinity Wallet users; • NFT gallery support (Send, Receive, View, Manage and trade NFTs within the Infinity Wallet); • In-wallet fiat on/off ramp (with future plans to develop out recurring purchases direct to the users DeFi wallet and instant one-click payments); • The release of our highly UX focused Mobile Wallet release in mid 2023 (which is looking to redefine the entire DeFi & Web3 experience on mobile); • Social Wallet support (removing the need for a seed phrase and enabling users to create a wallet via social login, allowing for easier onboarding and usage of DeFi & Web3 by the general user);

Why will this solution be a source of growth for the Optimism ecosystem?: Wallets are the core component required for any chain, enabling users to interact and onboard to Optimism, and access the OP ecosystem (DApps, DeFi, Web3, NFTs and much more). Making wallets the defining factor for usage and adoption of a chain and its entire ecosystem. As one of the top desktop wallets in the space redefining the wallet experience, while already supporting hundreds of thousands of users, we can provide significant exposure and growth to Optimism from our current and constantly growing user base. Introducing Optimism to our users through incentives to drive growth and awareness to the overall Optimism ecosystem. Enticing new users to onboard and explore/learn the Optimism ecosystem, which is vital for Optimisms growth! A seamless, user-friendly and one-stop wallet experience is necessary to enable onboarding of new users directly to Optimism, and for users to continue to explore the ecosystem to drive continuous on-going usage, adoption and discoverability. By incentivizing users and enabling discoverability of Optimism DApps/developers, it will bring increased awareness and adoption of Optimism to a previously untapped user base, attracting them to explore and use the Optimism ecosystem. While providing a seamless access point to interact with and onboard to Optimism, and enhancing the ability to discover, as well as improving ease of use of Optimism DApps for developers and users alike.

How much will your project match in co-incentives?: Currently, we would not be matching in co-incentives. However, we are looking to launch our own utility and governance token in the future which we are looking into possibly airdropping part of the supply to addresses active on certain supported chains such as Optimism.

How will the OP tokens be distributed? (please include % allocated to different initiatives such as user rewards/marketing/liquidity mining. Please also include a justification as to why each of these initiatives align with the problem statement this proposal is solving.): We are not asking for OP to fund development. We are an established and self funded team that already supports Optimism and will continue to further develop Optimism. We propose to distribute OP to incentivize and drive growth within the Optimism ecosystem, through user incentives and DApp awareness, to drive sustainable ecosystem usage and adoption of Optimism: 1- Bridge & Swap Incentives (50% over 6 months) - OP will be distributed as an incentive for users to bridge funds onto Optimism through the Infinity Wallet. This would be cross-chain bridging, in which users will be rewarded for bridging from other chains onto Optimism. This will incentivize more users to onboard to and discover the Optimism ecosystem, leading to further usage and liquidity. OP will also be distributed as an incentive to users that swap on Optimism inside Infinity Wallet, increasing volume across the chain and liquidity demand for DEXs. Users would have to meet certain requirements and there would be limits to ensure there are no sybil attacks. 2- Awareness/Usage Campaign (10% over 3 months) - We will create a campaign in which we will reward OP to users that complete certain Optimism related activities (off and on-chain), to help drive awareness and entice new users to learn about and take part in the ecosystem. 3- DApp Developer Support & Adoption (40% over 6 months) - Through integrating with OP DApps for use in the Infinity Wallet Web3 Browser & DApp store, and rewarding OP DApps that integrate with the Infinity Wallet. Providing developers on Optimism with significant advantages in discoverability and awareness to their projects via the Infinity DApp store, while making their project easier than ever to onboard to and use with the Infinity Web3 Browser. We will also launch awareness/marketing campaigns with DApps as part of this incentive. Helping to further drive user growth and awareness to each project, Optimism, and the overall OP ecosystem, with NFT drops and other activities.

Over what period of time will the tokens be distributed for each initiative? Shorter timelines are preferable to longer timelines. Shorter timelines (on the order of weeks) allow teams to quickly demonstrate achievement of milestones, better facilitating additional grants via subsequent proposals: • Bridge & Swap Incentives = 6 months • Awareness/Usage Campaign = 3 months • DApp Developer Support & Adoption = 6 months

Please clearly define the milestones you expect to achieve in order to receive milestone based installments. Please consider how each milestone relates to incentivizing sustainable usage and liquidity on Optimism. Progress towards each milestone must be trackable: We would suggest 40% upfront with a milestone based on specific KPIs for each of the distribution methods, to unlock the remaining 60% for each distribution method. Initial amount: 88,000 OP (40%) Milestones total: 132,000 OP (60%) • Swap & bridge incentives (50%): o Upfront amount: 44,000 OP; o Milestone KPI: $2,000,000+ in volume, or 1,000 users swap/bridge; o Milestone unlock amount: 66,000 OP; • Awareness Campaign (10%): o Upfront amount: 8,800 OP; o Milestone KPI: 2,000 participants; o Milestone unlock amount: 13,200 OP; • Developer DApp Support & Adoption (40%): o Upfront amount: 35,200 OP; o Milestone KPI: 10 OP DApps (with $200,000+ TVL or 500+ MAU) o Milestone unlock amount: 52,800 OP; The milestone KPIs suggested would be achieved before their initial 40% allocation has been distributed, to ensure no break in the campaign distributions.

Why will incentivized users and liquidity on Optimism remain after incentives dry up?: Infinity Wallet provides a unique, high quality user experience, making Optimism seamless to access and easy to use. Enabling users to onboard, interact and access all their needs on Optimism via a single point of access. As a fundamental component required for usage and adoption of Optimism and its ecosystem, directly improving the use of Optimism and expanding its awareness to hundreds of thousands of users. We will create lasting exposure and use of Optimism and its ecosystem long after the incentives are distributed, due to the inherent value and services we provide on an ongoing basis, and the benefits of Optimism as a chain.