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Optimism Foundation Secures Approval for $49M Token Transfer

Guavy AI Editorial Team
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OP
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The Optimism Foundation has received approval from OP holders to transfer 546.9 million tokens, valued at approximately US$ 49 million, from the user airdrop reserve to a new strategic fund.

The vote concluded on August 19, 2026, with 62% support, surpassing the minimum threshold of 51% and reaching the quorum of 16,540,389 required in the governance process.

The Strategic Ecosystem Fund will finance the adoption of OP Mainnet and OP Enterprise, as well as attract chains, protocols, institutions, and infrastructure to the OP Stack through partnership agreements.

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