Today we're announcing the OP Stimpack, activating a pool of ~230M OP to incentivize project growth on Optimism.
This represents the inaugural action of the Token House.
This OP will be disbursed to projects old and new to reward past and incentivize future Optimism builders.
We're laying the Bedrock of a new digital frontier, but it's the projects and users who will bring it to life.
Rollout will occur in 2 parts: Phase 0 and Phase 1.
Phase 0 starts now and runs for 3 weeks. It rewards early movers on Optimism who have demonstrated traction via on-chain criteria.
Eligible projects can publish a proposal with their distribution plan on the governance forum.
Phase 1 is open to any project that aligns with the Optimistic Vision and can demonstrate a clear plan for using OP to incentivize future project growth on Optimism to the Token House.
After over a year on mainnet, our milestones keep adding up: $1B in gas fees saved for users, thousands of smart contracts deployed, three separate forks...
And now: funds raised to the tune of $150M, giving us runway to keep shipping rain or shine.
There's an open secret about the decentralization of Layer 2's: whether or not they have fault or validity proofs is irrelevant if they're controlled by upgrade keys.
There, we said it. 🤷♀️
So what is a real viable path towards decentralization?
Cannon was built from day 1 with our upcoming release—Optimism: Bedrock—in mind. Bedrock will take the lessons we’ve learned over years of protocol development into the best rollup you’ve ever seen. We just couldn’t be more excited.