Proposal C: Governance Fund Phase 1 - GYSR
AI summary
This proposal is part of Optimism's first phase of its Governance Fund, which aims to distribute OP tokens to projects within the Optimism ecosystem. Specifically, this proposal allocates 100,000 OP tokens to GYSR, a platform that allows projects to create staking and farming programs. The goal is to incentivize GYSR to build on Optimism and attract more users and developers to the network.
If this proposal passes, GYSR will receive 100,000 OP tokens, which at current market rates (assuming $1.50/OP) is approximately $150,000. This benefits GYSR by providing funding and incentivizes them to develop their platform on Optimism, potentially attracting more users and liquidity to the Optimism ecosystem. There are no clear losers, but the Optimism treasury will be reduced by the allocated amount.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
This Governance Fund Phase 1 proposal has been marked ready and as such is eligible for voting in Cycle 2. This proposal HAS been approved as ready for vote by a delegate. For more info, check out Voting Cycle 2 Roundup: https://gov.optimism.io/t/voting-cycle-2-roundup/2754
Link to proposal: https://gov.optimism.io/t/ready-gf-phase-1-proposal-gysr/2463