Optimism moves 546.9M OP from future airdrops to ecosystem growth fund
The governance vote redirects tokens previously reserved for user airdrops toward partnerships, incentives and Optimism’s growing institutional push.
Optimism, the Ethereum scaling project, has approved a proposal to redirect 546.9 million OP tokens from future user airdrops to an Ecosystem Growth Fund. This decision, made during a governance vote, aims to bolster partnerships, incentives and institutional adoption. The OP token, currently valued at approximately $214 million, has a circulating supply of around 2.29 billion tokens.
Despite some delegates raising concerns about the repurposing of tokens initially promised to users, supporters believe the allocation will better serve enterprise deals and growth. Optimism has not planned any further airdrops after distributing 269.1 million OP across five rounds. The token currently trades around $0.09, up roughly 11% in the past 24 hours.
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