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Optimism · closed proposal

# Chain Delegation Program

0xe455…226f·ended 57y ago·MEDIUM RISK
Voters
6,986
OP voted
46134697832729416.00B
≈$4746983598800860.00B
Token price
$0.10

AI summary

This proposal introduces the Chain Delegation Program for Optimism. It aims to temporarily delegate 10 million OP tokens from the Governance Fund to various OP Chains that align with Optimism's values. These delegations will occur during Season 5 and 6 as chains meet the qualification criteria.

Impact

If passed, 10 million OP tokens will be allocated for delegation, potentially boosting the growth and stability of up to 10 OP Chains. This benefits the recipient chains by providing them with resources, while the Optimism ecosystem as a whole could benefit from increased activity and alignment. No specific group loses out, but the Optimism treasury will see a temporary reduction in its idle OP holdings.

Read full proposal on Tally

Voting results

For43439059004003824.00B (94.2%)
Against162265121174872.72B (0.4%)
Abstain2533373707550720.50B (5.5%)
46134697832729416.00B OP · ≈$4746983598800860.00B · 6986 votersblock 2023-11-02T19:41:27Z

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0 votes > 5% VP
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Full proposal

Original markdown · Optimism

Chain Delegation Program

The Chain Delegation Program would temporarily delegate a portion of idle OP from the Governance Fund to value-aligned OP Chains. If this proposal is approved by the Token House, a total of 10M OP would be reserved for delegation across as many as 10 OP Chains. Delegations will be made throughout Season 5 and 6, as Chains qualify.

This proposal is eligible for Special Voting Cycle #16b: https://gov.optimism.io/t/chain-delegation-program/6896

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