Optimism Token Holders Redirect $49M to Foundation's Adoption Fund

Optimism token holders have voted to redirect $49 million in OP tokens from an airdrop reserve to the Optimism Foundation. The vote passed with 62% support, exceeding the required 51% threshold.

The 546.9 million OP tokens were previously set aside for user airdrops but will now be managed by the foundation as part of its Strategic Ecosystem Fund.

This fund aims to promote adoption of Optimism Mainnet and Enterprise through partnerships with chains, protocols, institutions, and infrastructure providers.

The Optimism Foundation has been increasing its control over OP tokens and treasury assets in recent months. In January, it passed a proposal that allocated half of the Superchain's sequencer revenue for buying back OP each month.