# Grants Council Operating Budget
AI summary
This proposal seeks to approve the operating budget for the Optimism Grants Council for the upcoming season. The budget, proposed by Lund Ventures (Dane Lund), is for 440,000 OP tokens. If passed, Dane Lund will also be elected as the Council Lead for this period.
If this proposal passes, the Optimism Grants Council will receive 440,000 OP tokens (approximately $1.2 million USD at current market rates) to fund its operations, and Dane Lund will lead the council. This ensures the continuation of the Grants Council's work in distributing funds to projects within the Optimism ecosystem.
Voting results
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Grants Council Operating Budget
The Grants Council plays an important role in the Collective and is assumed to persist unless a Council Dissolution Proposal is passed.
The Token House must vote on a Council Operating Budget, thereby renewing the Council for another Season and electing the proposal author as Council Lead. Delegates are effectively electing the Council Lead that has authored an approved budget.
The sole proposed Grants Council Operating Budget is proposed by Lund Ventures (Dane Lund) with a proposed operating budget of 440k OP: <https://gov.optimism.io/t/draft-season-5-gra…