The governance vote redirects tokens previously reserved for user airdrops toward partnerships, incentives and Optimism’s growing institutional push.
Blockchain Optimism’s governance has approved a proposal to repurpose 546.9 million OP tokens previously reserved for user airdrops to support ecosystem growth and institutional adoption.
OP currently has a market cap of roughly $214 million, with a circulating supply of about 2.29 billion tokens, according to CoinGecko data.
The new Strategic Ecosystem Fund will support partnerships with chains, protocols and institutions, as well as incentives to increase activity and liquidity on OP Mainnet and grow OP Enterprise.
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