Optimism allocates 850 million OP rewards to the RetroPGF ecosystem! 90 million OP will be unlocked at the end of the month

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RetroPGF (Retroactive Public Goods Funding), Ethereum's L2 Optimism project to fund its ecological public goods, ended its third round in mid-January this year, with a total of 30 million OP tokens distributed to contributors to the Optimism ecosystem.

Today, Optimism officially published a document on the Based on OP’s current price of $3.97, this funding is worth over $3.374 billion.

RetroPGF for a new era

According to the official announcement , unlike the first 3 rounds, the next 4 to 7 rounds of RetroPGF will have "specific contribution themes", making it easier for developers to understand which impacts will be rewarded, thereby promoting a more purposeful and targeted development of.

Specifically, the specific topics each round will focus on are as follows:

2024/5 - Onchain Builders

Reward on-chain builders who contribute to the success of Optimism. This round aims to promote the value of the Collective by rewarding builders across super chains, increasing demand for block space. This includes builders who bring new users to the superchain, drive network effects and protocol usage.

Note: Optimism Collective is a team composed of communities, companies and citizens. It is temporarily managed by the Optimism Foundation and aims to promote the governance and development of its ecosystem.

2024/8 - OP Stack

This round focuses on strengthening the core components of the Optimism infrastructure, rewarding contributions and improvements to the OP Stack and its underlying elements.

2024/8 - Governance

This round rewards contributions to governance infrastructure such as decentralized governance, process improvement, and voting mechanisms, including research and analysis tools.

2024/10 - Developer Tools

This round rewards contributors who streamline the development process, from SDKs to testing frameworks, creating a more efficient and productive development environment on the super chain.

In addition, the official provides " Builder Ideas " to guide developers in the direction of creation, and further states that more detailed information will be provided in each round.

92.29 million OP will be unlocked in two days

It is worth paying attention to investors that OP will face a large amount of unlocking in less than two days. Data from Token Unlocks shows that after 91.56 million OPs were unlocked last month, another 92.29 million OPs will be unlocked in less than two days (3/29), worth over US$360 million, including 4,871 core contributors. 10,000 OP and 43.58 million OP from investors, accounting for 2.4% of the circulating supply.

Source Token Unlocks

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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