Cryptoknowmics
2022-06-03 10:52:31

Vitalik Supports Optimism’s Governance Structure and OP Gas Proposal

Vitalik Buterin, the co-founder of Ethereum, has expressed support for Optimism’s new governance structure, pointing out that suggestions like using the OP token for gas costs indicate a “clear representation of non-token-holder interests.” As part of its new governance project, “Optimism Collective,” the Ethereum layer-2 scaling solution, launched the first wave of its long-awaited OP token airdrop on June 1. The “Token House” and the “Citizens’ House” are the two parties that make up Optimism’s new governing structure. The former comprises holders of OP governance tokens, while the latter is made up of owners of “soul-bound” non-transferable citizenship NFTs. While it’s unclear whether Buterin completely supports a proposal from June 2 to use the OP governance token for gas fees, he did say on Twitter today that he’s glad such a discussion is going place: This is a great example of why I'm so proud of @optimismPBC for adding non-token governance (the Citizen House). Optimism explicitly has goals *other* than just "make OP go up", and the only way to do that long-term is with explicit representation of non-token-holder interests. pic.twitter.com/vofVVx53mC — vitalik.eth (@VitalikButerin) June 3, 2022 The Token House is in charge of project incentives, protocol updates, and treasury cash, while the Citizens’ House is in order of retroactive public goods funding. Vitalik Buterin appears to welcome the fact that the two share go...

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