1/23/2024 0 Comments Optimism token distribution![]() The views and opinions expressed in this article are the author’s own and do not necessarily reflect those of CoinMarketCap. This article is not intended as, and shall not be construed as, financial advice. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is intended to be used and must be used for informational purposes only. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. By rewarding those who support governance through delegation, the platform aims to foster a more inclusive and participatory ecosystem.This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). Optimism's focus on "scaling new coordination mechanisms" underscores the importance of robust governance in realizing the Optimistic Vision. Addresses that delegated for less than seven days or were known delegation program wallets were excluded from this airdrop.įuture Airdrops: Optimism has earmarked 19% of the total initial supply of OP tokens for future airdrops, indicating continued efforts to reward and engage its community. However, if the delegation was to a "Voting Delegate," the threshold was reduced to 9,000. ![]() 25,561 addresses met this criterion, receiving (0.67/365)*2 OP per OP Delegated x Day, also capped at 10,000 OP per address.Įligibility Criteria: To be eligible for the airdrop, an address's Cumulative Delegated OP (calculated as OP delegated multiplied by the number of days delegated) needed to exceed 18,000. Voting Delegate Bonus: This bonus was for addresses that delegated to an entity that participated in at least one on-chain vote during the snapshot period. A total of 31,529 addresses qualified, with each receiving a reward calculated as 0.67/365 OP per OP Delegated x Day, with a cap of 10,000 OP per address. Governance Delegation Reward: Addresses that delegated OP above a specified threshold were eligible. Reward Breakdown: The airdrop comprised two main reward types: They've cautioned users against interacting with any websites falsely claiming to distribute Airdrop #3. Security Precautions: Optimism has emphasized that there isn't a claims page for this particular airdrop. The exact rate at which tokens are distributed will be left to the Grants Council and Lyra Council to be ratified by governance in the upcoming LEAP-24. ![]() The beneficiaries of this airdrop were addresses that had delegated their OP token voting power between January 20th and July 20th, 2023. Over what period of time will the tokens be distributed We will target distribution over 6 months. This move is an effort to incentivize and acknowledge those who have actively participated in the platform's governance through the delegation of their voting power.Īirdrop Details: The airdrop, which took place on September 18, 2023, at 18:10 UTC, allocated a total of 19,411,313 OP tokens. The announcement confirmed the allocation of 19 million OP tokens to 31,870 distinct addresses. ![]() On September 19, 2023, Optimism, a Ethereum Layer 2 solution, unveiled details of its third airdrop, termed "OP Airdrop #3" on Twitter. ![]()
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