Optimism Unveils Details of OP Airdrop #3 on Twitter
On September 19, 2023, Optimism, a Ethereum Layer 2 solution, announced its third airdrop called “OP Airdrop #3” on Twitter. The airdrop distributed 19 million OP tokens to 31,870 different addresses as a way to incentivize and acknowledge those who actively participated in the platform’s governance through voting power delegation.
Key Highlights
The airdrop took place on September 18, 2023, at 18:10 UTC, and allocated a total of 19,411,313 OP tokens. Eligible recipients were addresses that had delegated their OP token voting power between January 20th and July 20th, 2023.
Security Precautions
Optimism emphasized that there is no claims page for this particular airdrop. Users are warned against interacting with any websites claiming to distribute Airdrop #3. The official OP token contract address is 0x4200000000000000000000000000000000000042.
Reward Breakdown
The airdrop consisted of two main reward types:
- Governance Delegation Reward: Addresses that delegated OP above a specified threshold were eligible. A total of 31,529 addresses qualified for this reward.
- Voting Delegate Bonus: This bonus was for addresses that delegated to an entity participating in at least one on-chain vote during the snapshot period. 25,561 addresses met this criterion.
Eligibility Criteria
To be eligible for the airdrop, an address’s Cumulative Delegated OP needed to exceed 18,000 (OP delegated multiplied by the number of days delegated). However, if the delegation was to a “Voting Delegate,” the threshold was reduced to 9,000. Addresses that delegated for less than seven days or were known delegation program wallets were excluded from this airdrop.
Future Airdrops
Optimism has allocated 19% of the total initial supply of OP tokens for future airdrops, demonstrating its commitment to rewarding and engaging its community.
Hot Take: Incentivizing Governance and Fostering Participation
Optimism’s focus on “scaling new coordination mechanisms” highlights the significance of robust governance in achieving its Optimistic Vision. By rewarding individuals who support governance through delegation, the platform aims to cultivate a more inclusive and participatory ecosystem.
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