Ethereum founder Vitalik Buterin has supported the proposal of changing the use of OP tokens from being a governance token to the main network token used for gas payments. In open of his recent tweets, Buterin wrote:
“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”.
The Ethereum founder further shared links to his previous blog post that mentions that decentralized governance (DeGoV) is necessary as well as dangerous. He also explains the necessary steps one can take to minimize the risks in DeGov.
The Optimism (OP) Governance Token Launch
Ethereum’s Layer-2 scalability solution Optimism launched its governance tokens (OP) earlier this week. However, the OP token price collapsed more than 60% in the hotly anticipated debut.
Optimism has two hubs – Token House and Citizen House. The Token House hub supports OP governance tokens allowing holders to vote on different Optimism-centric projects. The Citizen House focuses on non-governance activities such as distributing retroactive public goods from the fees generated by the Optimism network.
