Vitalik Buterin Supports Non-Token Governance for Optimism (OP), Here’s Why
Ethereum founder Vitalik Buterin has supported the proposal of adjusting using OP tokens from being a governance token to the principle community token used for gasoline funds. In open of his current tweets, Buterin wrote:
“This can be a nice instance of why I’m so happy with @optimismPBC for including non-token governance (the Citizen Home). Optimism explicitly has targets *different* than simply “make OP go up”, and the one approach to do this long-term is with express illustration of non-token-holder pursuits”.
The Ethereum founder additional shared hyperlinks to his earlier blog post that mentions that decentralized governance (DeGoV) is important in addition to harmful. He additionally explains the mandatory steps one can take to attenuate the dangers in DeGov.
The Optimism (OP) Governance Token Launch
Ethereum’s Layer-2 scalability resolution Optimism launched its governance tokens (OP) earlier this week. Nevertheless, the OP token worth collapsed greater than 60% within the hotly anticipated debut.
Optimism has two hubs – Token Home and Citizen Home. The Token Home hub helps OP governance tokens permitting holders to vote on completely different Optimism-centric initiatives. The Citizen Home focuses on non-governance actions reminiscent of distributing retroactive public items from the charges generated by the Optimism community.
Optimism airdropped just a few OP tokens earlier this week on Tuesday. Nevertheless, it did not anticipate the overwhelming demand, which resulted in a excessive community load. A number of customers confronted lengthy delays in receiving the airdrop which finally led to the dumping of OP tokens.
Some Optimism customers additionally expressed frustration that some events have been in a position to declare tokens earlier than others. Some mentioned that the web site modified its standing to being “ineligible” regardless of being eligible earlier.
Optimism has now managed to deal with the community loading points. Additional, it has cautioned customers saying that there have been a number of Optimism rip-off accounts popping up in wake of the current incidents.
Heads up everybody!
We’re seeing a number of Optimism rip-off accounts crop up.
Please watch out and guarantee you might be solely interacting with these official Optimism accounts:@optimismPBC@OptimismGov@OPLabsPBC
Keep secure and when you see any sus accounts you may report them in Discord.
— Optimism (✨🔴_🔴✨) (@optimismPBC) June 2, 2022
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