Ethereum’s layer-two scaling solution Optimism introduced its new governance token OP for the Token House – one of the two hubs constituting the protocol’s new governance system, Optimism Collective. Early users of the network will be granted the opportunity to receive OP airdrops in Q2, 2022, which accounts for 5% of the asset’s total supply.
Optimism’s New Governance Body
According to the official blog post, the Collective’s bicameral governance system “aims to avoid governance pitfalls experienced by other models on Ethereum today.” To achieve such a goal, the initiative is divided into two houses, each focusing on different areas of governance.
The Token House, in which OP functions as the governance and incentive token, is responsible for protocol upgrades, network parameters, treasury funds, and project incentives. Meanwhile, the Citizen house will facilitate a process aimed at distributing retroactive public goods funding generated from network revenue.
An Optimi
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