The layer-2 scaler earmarked a total of 850 million Optimism tokens worth $3.3 billion for funding its public goods and announced another three funding rounds.
Ethereum layer-2 scaling network Optimism is putting aside $3.3 billion worth of its Optimism (OP) token for its community to grant to projects or people deemed important contributors to the blockchain’s ecosystem.
On March 26, the chain’s governance and community arm, Optimism Collective, said that some of the 850 million OP would be doled out over four categorized rounds starting in May and continuing throughout 2024.
Optimism Foundation chief operating officer Bobby Dresser told Cointelegraph that the 850 million OP — 20% of the initial OP token supply — is allocated for funding, with 40 million OP, worth around $158 million, being doled out across three past rounds.
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Source: https://cointelegraph.com/news/optimism-3-billion-public-good-retro-funding-grants