Optimism Announces Third Airdrop Allocations

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On September 19, 2023, Optimism, a Ethereum Layer 2 resolution, unveiled particulars of its third airdrop, termed “OP Airdrop #3” on Twitter. The announcement confirmed the allocation of 19 million OP tokens to 31,870 distinct addresses. This transfer is an effort to incentivize and acknowledge those that have actively participated within the platform’s governance via the delegation of their voting energy.

Key Highlights

Airdrop Details: The airdrop, which came about on September 18, 2023, at 18:10 UTC, allotted a complete of 19,411,313 OP tokens. The beneficiaries of this airdrop have been addresses that had delegated their OP token voting energy between January twentieth and July twentieth, 2023.

Security Precautions: Optimism has emphasised that there is not a claims web page for this explicit airdrop. They’ve cautioned customers towards interacting with any web sites falsely claiming to distribute Airdrop #3. The official OP token contract handle has been recognized as 0x4200000000000000000000000000000000000042.

Reward Breakdown: The airdrop comprised two most important reward varieties:

Governance Delegation Reward: Addresses that delegated OP above a specified threshold have been eligible. A complete of 31,529 addresses certified, with every receiving a reward calculated as 0.67/365 OP per OP Delegated x Day, with a cap of 10,000 OP per handle.

Voting Delegate Bonus: This bonus was for addresses that delegated to an entity that participated in not less than one on-chain vote in the course of the snapshot interval. 25,561 addresses met this criterion, receiving (0.67/365)*2 OP per OP Delegated x Day, additionally capped at 10,000 OP per handle.

Eligibility Criteria: To be eligible for the airdrop, an handle’s Cumulative Delegated OP (calculated as OP delegated multiplied by the variety of days delegated) wanted to exceed 18,000. However, if the delegation was to a “Voting Delegate,” the edge was lowered to 9,000. Addresses that delegated for lower than seven days or have been identified delegation program wallets have been excluded from this airdrop.

Future Airdrops: Optimism has earmarked 19% of the whole preliminary provide of OP tokens for future airdrops, indicating continued efforts to reward and interact its group.

Optimism’s concentrate on “scaling new coordination mechanisms” underscores the significance of strong governance in realizing the Optimistic Vision. By rewarding those that help governance via delegation, the platform goals to foster a extra inclusive and participatory ecosystem.

Image supply: Shutterstock

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