Optimism Redirects $49.7M Airdrop Reserve to Fuel Network Growth
Optimism's governance has voted to redirect $49.7 million worth of OP tokens from an allocation reserved for future user airdrops into a Strategic Ecosystem Fund administered by the Optimism Foundation.
The proposal, which passed with 61.84% support, aims to finance deals involving chains, protocols, institutions, and infrastructure, as well as incentives for activity and liquidity on OP Mainnet.
Test in Prod, an Optimism core development team that is fully funded by the Optimism Collective, supplied the 8.486 million OP vote that secured approval with just 16 minutes and 52 seconds left in the voting period.
The Optimism Foundation has distributed 269.1 million OP across five airdrops but now believes broad user acquisition no longer aligns with its institutional strategy.