اقتصاد توکنی OP (OP)

Overview

Optimism (OP) is the native token of the Optimism Superchain, designed to align incentives, fund ecosystem growth, and facilitate decentralized governance. The tokenomics of OP are structured to support long-term sustainability, reward contributors, and ensure robust governance.

Issuance Mechanism

• Initial Supply: OP is an ERC-20 token with an initial supply of approximately 4.29 billion tokens, which began circulating on May 31, 2022.
• Inflation: The protocol initially allowed for a 2% annual inflation rate, but as of May 2023, the inflation rate was set to 0%. The contract owner (MintManager) retains the ability to mint additional tokens, but this is subject to governance and has not been exercised since the inflation rate was set to zero.

Allocation Mechanism

The OP token supply is allocated as follows:

Airdrops: The first airdrop distributed 5% of the supply to nearly 250,000 addresses. Future airdrops (14% of supply) are reserved for users who positively impact the ecosystem.

Ecosystem Fund: Further divided into Governance Fund (5.4%), Partner Fund (5.4%), Seed Fund (5.4%), and Unallocated (8.8%).

Usage and Incentive Mechanism

• Governance: OP holders participate in the Optimism Collective’s bicameral governance system (Token House and Citizens’ House). Token holders can delegate voting power and vote on protocol upgrades, funding, and other key decisions.
• Ecosystem Incentives: OP is distributed to projects and users through grants, airdrops, and RetroPGF. These mechanisms reward both proactive and retroactive contributions to the ecosystem.
• Feedback Loop: Demand for OP blockspace generates sequencer revenue, which is then distributed via RetroPGF to contributors, creating a self-reinforcing cycle of growth and value creation.

Locking Mechanism

• Core Contributors and Investors: Allocations to these groups were subject to a one-year lockup from the initial circulation date (May 31, 2022), followed by linear vesting.
• Governance and Ecosystem Funds: Distributed on a seasonal schedule, with each season comprising multiple voting cycles. The release of funds is governed by the Token House and subject to periodic review and adjustment.
• Unallocated/Reserves: Reserved for future programs and may be distributed via private sales or new incentive programs, subject to governance approval.

Unlocking Time

• Airdrops: Distributed in multiple waves, with eligibility and timing determined by the Optimism Foundation.
• Contributor and Investor Allocations: One-year lockup followed by linear vesting.
• Ecosystem and Governance Funds: Released seasonally, with specific amounts and recipients determined through governance votes.
• RetroPGF: Distributed in rounds, with the Citizens’ House voting on recipients based on their past contributions.

Tokenomics Table

Additional Notes

• Governance: All major allocations and unlocks are subject to on-chain governance, with OP holders able to delegate and vote.
• Security: The protocol employs multi-signature controls and a Security Council for critical upgrades and incident response.
• Future Adjustments: The OPerating Manual and governance structure are subject to periodic review and amendment, ensuring adaptability.

Optimism’s token economics are designed to create a sustainable, incentive-aligned ecosystem that rewards both current and future contributors, while maintaining robust governance and adaptability.