Optimism Voters Greenlight $49M Token Transfer to Strategic Fund
Optimism token holders have voted in favor of transferring $49 million worth of tokens from the collective's user airdrop reserve to a new pool managed by the Optimism Foundation. The proposal, which passed with a 62% total vote in favor and clearing the 51% threshold, redesignates the OP left in the User Airdrop allocation as a Strategic Ecosystem Fund.
The tokens will be used for business development, including adoption of OP Mainnet and OP Enterprise, partnership deals with chains, protocols, institutions, and infrastructure to bring them onto the OP Stack. The vote also includes incentives meant to strengthen activity and liquidity on OP Mainnet and plans to boost the OP Stack's reach with institutions and large brands.
The Optimism Foundation has increased its power over the use of OP and treasury assets in recent months, following a proposal passed in January that gave the Foundation half of the Superchain's sequencer revenue to buy back OP each month. The token currently trades at $0.1008, up 10.7% on the day and 14% on the week.