Wrote Dresser: "The airdrop includes Gitcoin donors, bridge users, multisig signers, snapshot voters – even if you haven’t used OP, you should probably check whether you’re eligible." ![]() Īs part of the launch, Optimism is airdropping 5% of its initial token supply into wallets that have used the protocol, positively contribute to Web3 communities, or could stand to benefit from using scaling technology-perhaps because Ethereum is pricing them out. "The path to a superchain should be paved with public goods," he tweeted. (It's not called "Pessimism," is it?) The layer 2 then sends that rolled-up transaction back to the Ethereum blockchain.Īccording to Bobby Dresser, Optimism PBC's head of product, the point of introducing OP, the new native token of Optimism, is to help crypto scale. Rather than checking beforehand that all transactions are valid, Optimism assumes they are but has a mechanism for handling them if that turns out not to be the case. Optimism helps lessen congestion by creating a second layer on top of Ethereum, gathering up many individual transactions, and rolling them up into one big transaction. NFT auctions, decentralized loans, asset swaps, and play-to-earn games all take up real estate on the blockchain. The Ethereum blockchain (a layer 1) is so loaded with decentralized applications and users that it can become sluggish and expensive to use. Optimism is what's known as a layer-2 scaling solution. Possibly the biggest attempt at non-token-holder-centric DAO governance so far. Therefore, to vote for something two times, for example, would not cost not two tokens but, say, five.īuterin today tweeted that the Collective is "possibly the biggest attempt at non-token-holder-centric DAO governance so far." Whereas many DAO models allow one vote per token held, quadratic voting makes each additional vote more costly than the last. It's designed to reduce the impact of large token holders. ![]() The "Citizens' House" will determine how public-goods funding is distributed.īoth will use quadratic voting, a concept championed by Ethereum creator Vitalik Buterin alongside academics Glen Weyl and Zoë Hitzig. The Collective is split into two "houses." The "Token House" will govern concerns such as software upgrades, Treasury allocation, and incentive structure. In short, it sees public-goods funding as feeding into a flywheel effect for Web3. ![]() "The Collective will consistently provide massive retroactive incentives for public goods which benefit Optimism, Ethereum, and the Collective as a whole." "The Optimism Collective will dispel the myth that public goods cannot be profitable," the Optimism Foundation wrote in a post.
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