Ethereum L2 solution Optimism to launch new governance model, token via airdrop

After weeks of speculations, starring Ethereum Layer-2 solution Optimism has announced that it volition beryllium launching and airdropping a governance token — OP — designed to springiness its users much powerfulness and power implicit its ecosystem.

Optimism’s unsocial bicameral governance model

The governance strategy is simply a unsocial bicameral exemplary successful which 2 antithetic entities volition enactment unneurotic to turn the ecosystem. The exemplary consists of a Citizen’s House and a Token House that signifier the Optimism Collective together.

The Token House volition beryllium populated by users who volition beryllium the beneficiary of the archetypal OP airdrop. It volition beryllium a important subordinate successful the governance arsenic Token House users volition person the quality to ballot connected the project’s direction.

On the different hand, the Citizens location volition travel aboriginal successful 2022 and volition beryllium saddled with distributing “retroactive nationalist goods funding, generated from the gross collected by the network.” 

Citizen House members volition beryllium conferred with “Citizenship” via a “soulbound non-transferrable NFT.” 

The uniqueness of this exemplary has generated a batch of affirmative reactions wrong the crypto community, with Ethereum co-founder Vitalik Buterin tweeting astir it.

Possibly the biggest effort astatine non-token-holder-centric DAO governance truthful far. Excited to spot wherever this goes.

👀 https://t.co/9vreC7QsXa

— vitalik.eth (@VitalikButerin) April 26, 2022

Optimism sets up caller foundation

With the motorboat of its caller token, the layer2 scaling solution has besides established the Optimism Foundation, which would initially beryllium liable for the archetypal operations of the Collective. 

According to its property statement, the instauration is the archetypal signifier of a process that looks to dispersed powerfulness done the Optimism Ecosystem. As the ecosystem grows, the instauration volition transportation immoderate of its powers until it has nary much functions. 

The recently created Optimism Foundation volition service arsenic a steward of the Collective, moving governance experiments connected behalf of the Collective and bootstrapping the ecosystem earlier yet dissolving.

Optimism’s 2 co-founders, Ben Jones and Jing, would pb the team, and they would beryllium supported by a apical enforcement from The Graph Foundation and a Council Member of the Radicle Foundation, alongside others.

Optimism’s airdrop

Optimism’s OP token would statesman to beryllium airdropped by arsenic aboriginal arsenic the 2nd 4th of this year, and implicit 250,000 addresses are qualified.

Source: Optimism

The OP token volition person a full proviso of implicit 4 billion, and 19% has been allocated for idiosyncratic airdrops, portion halfway contributors would besides get 19%. Other allocations see 25% utilized for the Ecosystem funds, 20% for retroactive nationalist goods funding, and 17% for investors.