In brief

  • Optimism, an Ethereum scaling solution, has launched the airdrop for its OP governance token.
  • Nearly 249,000 wallets from early Optimism users and select Ethereum users are eligible to claim tokens.

Optimism, a popular layer-2 scaling solution for Ethereum, today launched the anticipated airdrop of its new OP governance token, rewarding early users of the project and other select Ethereum users by sending free tokens to nearly 249,000 eligible wallets.

The airdrop was first revealed in April, when Optimism announced plans to launch a decentralized autonomous organization (DAO) alongside the OP token, which holders can use to vote within the community. The DAO plans to use revenue from Optimism transaction fees to fund grants designed for “public goods,” such as open-source software.

Optimism is providing tokens to wallets that used the network before June 23, 2021, with additional tokens offered to repeat users, those who participated in DAO governance on Ethereum, people who have donated to public goods funding platform Gitcoin, and others. Future airdrops are planned.

Ethereum scaling solutions enable faster, cheaper, and more energy-efficient transactions than are currently possible on Ethereum’s own mainnet. In the case of Optimism, all of the transactions conducted on its blockchain platform are rolled up into large batches and then committed to Ethereum’s network via a single transaction.

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