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Optimism governance redirects 546.9M OP from airdrops to a growth fund
The repurposed tokens are slated for a Strategic Ecosystem Fund aimed at partnerships and increased activity and liquidity on OP Mainnet, worth about $50 million at OP’s current price.
Optimism governance has approved a proposal to repurpose 546.9 million OP tokens that were previously reserved for user airdrops into a new Strategic Ecosystem Fund focused on ecosystem growth and institutional adoption, Cointelegraph reports. The fund will back partnerships with chains, protocols and institutions, alongside incentives intended to increase activity and liquidity on OP Mainnet and to grow OP Enterprise. Cointelegraph also notes the decision comes amid a broader push by Optimism to support enterprise deals and institutional participation. Some delegates challenged the move, saying the tokens had been promised to users and questioning how the foundation would measure returns. Supporters argued the allocation would be better used to compete for enterprise business and drive growth. Cointelegraph reports that Optimism said it has no additional airdrops planned after distributing 269.1 million OP across five rounds, arguing that airdrops fit an earlier phase built around broad user acquisition rather than the current institutional push. At the time of the report, OP traded around $0.09, up roughly 11% over 24 hours, though still more than 93% below its all-time high, and the 546.9 million-token allocation was valued at about $50 million, or nearly a quarter of OP’s roughly $211 million market capitalization.