Optimism Governance Vote Redirects 546.9 Million OP Tokens From User Airdrops to Growth Fund
Optimism's governance process approved a proposal moving Optimism moves 546.9M OP from future airdrops to ecosystem growth fund.
OP tokens previously reserved for future user airdrops into an ecosystem growth fund, according to Cointelegraph.
The tokens were valued at about Optimism-funded team's deciding vote shifts $49 million in OP tokens away from users.
, according to CoinDesk, though The Defiant put the figure at Optimism Redirects $49.7 Million Airdrop Reserve After Late Deciding Vote.
. The funds are earmarked for partnerships and incentives tied to Optimism's institutional push, according to Cointelegraph.
The proposal passed on a deciding vote cast by Test in Prod, a core development team that says it is fully funded by the Optimism Collective, according to The Defiant. Test in Prod supplied Test in Prod, a core development team that says it is fully funded by the Optimism Collective, supplied the 8.486 million OP vote that secured approval.
OP in votes to secure approval, The Defiant reported.
CoinDesk described the outcome as shifting tokens away from users toward the Optimism-funded team's preferred allocation, with the deciding ballot coming late in the process.
The reallocation means holders who might have qualified for future OP airdrops will instead see those tokens directed toward ecosystem growth initiatives rather than distributed directly to users.
Sources: CoinDesk, Cointelegraph, The Defiant
This article is for information only and is not financial advice.
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