Vitalik shows support for Optimism’s governance structure and OP gas proposal

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Ethereum co-founder Vitalik Buterin has shown support for the new governance structure of optimism, noting that proposals such as using OP tokens for gas fees show “a clear representation of non-token-holder interests.”

The Ethereum Layer-2 scaling solution deployed the first round of its long-awaited OP Token airdrop on June 1 as part of its new governance project “Optimism Collective”.

Optimism’s new governance structure consists of two sides known as the “Token House” and the “Citizen House”. The former is made up of OP governance token holders and the latter “spirit-bound” non-transferrable citizenship NFT owners.

While it is unclear whether Buterin is fully on board with the proposal to use OP governance tokens for gas fees from June 2, or is simply glad that such discussions were taking place, he noted on Twitter today. :

The two sides mostly oversee project incentives, protocol upgrades and separate objectives with Token House working with Treasury Fund, while Citizen House focuses on retroactive public goods funding.

Both networks share governance decisions on parameters and granting new citizenship to Citizen House, something that Buterin appreciates in this instance.

According to Optimism, the number of citizens in the Citizen House will increase over time, and “the mechanism for the distribution of citizenship will be determined by the Foundation with input from the Token House.”

On several occasions, Buterin has outlined his views that the crypto sector needs to “move from coin voting” to decentralized finance (DeFi) or decentralized governance (DeGov) as it is the case for whale governance token holders to dominate the voting process. carries the risk of. Buterin argues that this can often lead to the short-term focus of whales approving proposals intended to pump up the price of certain assets.

Such a method could result in smaller holders and platform users having no voice in the DeGov process, or what Buterin describes as a lack of non-token-hodler interests.

For the OP gas tariff proposal, which was released yesterday in the Optimism Governance Forum for views and feedback, sentiment among the community appears mixed.

Gas Tariff Proposal: Optimism Governance Forum

While many offered short and scathing comments of the agreement, generally noting that it would bring more utility to the OP, many others took the time to clearly outline why they were against the idea.

related: Balancer Launches on Ethereum L2 Network Optimism

One member, Kethick, said, “I don’t think it’s a good idea. Burning voting power over a governance structure seems counter productive,” while user Verde said:

“Optimism is EVM equivalent. Accepting OP tokens as gas means giving up EVM equivalents. Furthermore, optimism has to be charged in ETH to the Ethereum mainnet. OP<->How will ETH conversion be handled?”

User Masedai noted that “this is a premature change to a system that has not yet started operating with the intention of optimism,” suggesting that the project seeks to provide token value through “ecosystem profitability”. Quick move is not doing and trying and pumping. token.”