After weeks of speculations, main Ethereum Layer-2 resolution Optimism has introduced that it is going to be launching and airdropping a governance token — OP — designed to offer its customers extra energy and management over its ecosystem.
Optimism’s distinctive bicameral governance mannequin
The governance system is a novel bicameral mannequin by which two completely different entities will work collectively to develop the ecosystem. The mannequin consists of a Citizen’s Home and a Token Home that kind the Optimism Collective collectively.
The Token Home shall be populated by customers who would be the beneficiary of the primary OP airdrop. Will probably be a major participant within the governance as Token Home customers could have the flexibility to vote on the venture’s route.
However, the Residents home will come later in 2022 and shall be saddled with distributing “retroactive public items funding, generated from the income collected by the community.”
Citizen Home members shall be conferred with “Citizenship” by way of a “soulbound non-transferrable NFT.”
The individuality of this mannequin has generated plenty of constructive reactions throughout the crypto group, with Ethereum co-founder Vitalik Buterin tweeting about it.
Probably the largest try at non-token-holder-centric DAO governance up to now. Excited to see the place this goes.
— vitalik.eth (@VitalikButerin) April 26, 2022
Optimism units up new basis
With the launch of its new token, the layer2 scaling resolution has additionally established the Optimism Basis, which might initially be chargeable for the preliminary operations of the Collective.
In keeping with its press assertion, the inspiration is the primary part of a course of that appears to unfold energy by the Optimism Ecosystem. Because the ecosystem grows, the inspiration will switch a few of its powers till it has no extra capabilities.
The newly created Optimism Basis will function a steward of the Collective, operating governance experiments on behalf of the Collective and bootstrapping the ecosystem earlier than ultimately dissolving.
Optimism’s two co-founders, Ben Jones and Jing, would lead the crew, and they’d be supported by a high govt from The Graph Basis and a Council Member of the Radicle Basis, alongside others.
Optimism’s OP token would start to be airdropped by as early because the second quarter of this yr, and over 250,000 addresses are certified.
The OP token could have a complete provide of over 4 billion, and 19% has been allotted for consumer airdrops, whereas core contributors would additionally get 19%. Different allocations embrace 25% used for the Ecosystem funds, 20% for retroactive public items funding, and 17% for traders.