Optimism Core Development Team Key Vote Reverses Decision, $49.7 Million in OP Tokens to be Airdropped from User Reserves to Strategic Ecosystem Fund

BlockBeats News, August 20th, the core development team funded by Optimism cast a decisive vote of 8,486,000 OP tokens, which altered the voting result at the time, transitioning a proposal to transfer around $49.70 million worth of OP tokens from the user airdrop allocation to the foundation-controlled treasury pool.

The proposal aimed to redefine the use of 546.9 million OP tokens, accounting for 12.7% of the total OP supply. These tokens, originally part of the user airdrop allocation, are now reallocated to the "Strategic Ecosystem Fund" managed by the Optimism Foundation to support the adoption and development of the OP Mainnet and enterprise business.

The final voting result was 17,974,000 OP in favor and 10,931,000 OP against. With 16 minutes and 52 seconds remaining before the end of the vote, a voter named Test in Prod cast a whale-sized 8,486,000 OP affirmative vote, significantly boosting the proposal approval rate from 45.77% to 61.84%.

If excluding this vote, the final approval rate would have been only 46.47%. In other words, although the proposal met the required threshold, it would have originally failed to pass, and the related funds would have remained in the user airdrop allocation.