{"id":457085,"date":"2022-06-03T11:04:17","date_gmt":"2022-06-03T08:04:17","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/vitalik-shows-support-for-optimisms-governance-structure-and-op-gas-proposal\/"},"modified":"2022-06-03T11:04:17","modified_gmt":"2022-06-03T08:04:17","slug":"vitalik-shows-support-for-optimisms-governance-structure-and-op-gas-proposal","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/vitalik-shows-support-for-optimisms-governance-structure-and-op-gas-proposal\/","title":{"rendered":"# Vitalik shows support for Optimism\u2019s governance structure and OP gas proposal"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a30c782863ed\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a30c782863ed\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/vitalik-shows-support-for-optimisms-governance-structure-and-op-gas-proposal\/#%E2%80%9D_Vitalik_shows_support_for_Optimisms_governance_structure_and_OP_gas_proposal_%E2%80%9C\" >&#8221; Vitalik shows support for Optimism\u2019s governance structure and OP gas proposal  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Vitalik_shows_support_for_Optimisms_governance_structure_and_OP_gas_proposal_%E2%80%9C\"><\/span>&#8221; Vitalik shows support for Optimism\u2019s governance structure and OP gas proposal  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Ethereum co-founder Vitalik Buterin has shown support for Optimism\u2019s new governance structure, noting that proposals such as using the OP token for gas fees shows \u201cexplicit representation of non-token-holder interests.\u201d<\/p>\n<p>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 the \u201cOptimism Collective.\u201d <\/p>\n<p>Optimism\u2019s new governance structure involves two parties dubbed the \u201cToken House\u201d and \u201cCitizens\u2019 House.\u201d The former is composed of OP governance token holders and the latter consists of \u201csoul-bound\u201d non-transferrable citizenship NFT owners.<\/p>\n<p>While it is unclear if Buterin is fully on board with a proposal from June 2 to utilize the OP governance token for gas fees, or just h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>y that such a discussion was taking place, he noted on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> today:<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This is a great example of why I&#8217;m so proud of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/optimismPBC?ref_src=twsrc%5Etfw\">@optimismPBC<\/a> for adding non-token governance (the Citizen House).<\/p>\n<p>Optimism explicitly has goals *other* than just &#8220;make OP go up&#8221;, and the only way to do that long-term is with explicit representation of non-token-holder interests. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/vofVVx53mC\">pic.twitter.com\/vofVVx53mC<\/a><\/p>\n<p>\u2014 vitalik.eth (@VitalikButerin) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/VitalikButerin\/status\/1532533086352576512?ref_src=twsrc%5Etfw\">June 3, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe two parties mostly oversee different objectives with the Token House tasked with project incentives, protocol upgrades and treasury funds, while the Citizens\u2019 House is focused on retroactive public goods funding. <\/p>\n<p>The duo also share governance decisions on network parameters and granting new citizenships to the Citizens\u2019 House, something which Buterin seems to appreciate in this instance. <\/p>\n<p>According to Optimism, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/community.optimism.io\/docs\/governance\/\">number<\/a> of citizens in the Citizens\u2019 House will grow over time, and the \u201cmechanism for distributing Citizenships will be determined by the Foundation with input from the Token House.\u201d <\/p>\n<p>On several occasions, Buterin has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/vitalik.ca\/general\/2021\/08\/16\/voting3.html\">outlined<\/a> his thoughts that the crypto sector needs to \u201cmove beyond coin voting\u201d in decentralized finance (DeFi) or decentralized governance (DeGov) as it runs the risks of having whale governance token holders dominating the voting process. Buterin argues this can often lead to a short-term focus of the whales approving proposals that intend to pump the price of certain assets. <\/p>\n<p>Such a method can result in small holders and platform users not having a voice in the DeGov process, or what Buterin describes as a lack of non-token-hodler interests. <\/p>\n<p>As for the OP gas fee <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/gov.optimism.io\/t\/change-the-use-of-op-tokens-from-a-governance-token-to-the-main-network-token-for-gas-payment\/2245\">proposal<\/a>, which itself was floated in the Optimism governance forum for ideas and feedback yesterday, sentiment among the community appears mixed. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-06\/82126489-52d0-4345-8e36-1278f88296a2.png\"><figcaption style=\"text-align: center;\"><em>Gas fee proposal: Optimism governance forum<\/em><\/figcaption><\/figure>\n<p>While many offered short and sharp comments of agreement, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly noting that it would give OP more utility, numerous others took the time to clearly outline why they were against the idea.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Balancer launches on Ethereum L2 network Optimism<\/em><\/strong><\/p>\n<p>One member, Kethic, stated, \u201cI don\u2019t think this is a good idea. Burning voting power on a governance structure feels counter productive,\u201d while user Vrede stated: <\/p>\n<blockquote><p>\u201cOptimism is EVM equivalent. Accepting OP tokens as gas means giving up on EVM equivalence. Moreover, Optimism has to pay fees to Ethereum Mainnet in ETH. How will the OP&lt;-&gt;ETH conversion be handled?\u201d<\/p><\/blockquote>\n<p>User Massedai said that \u201cthis is a premature change to a system that hasn\u2019t started to function yet the way Optimism intended,\u201d suggesting that the project is looking to provide token value via \u201cecosystem profitability and not quick moves to try and pump a token.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/vitalik-shows-support-for-optimism-s-governance-structure-and-op-gas-proposal\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Vitalik shows support for Optimism\u2019s governance structure and OP gas proposal &#8220; Ethereum co-founder Vitalik Buterin has shown support for Optimism\u2019s new governance structure, noting that proposals such as using the OP token for gas fees shows \u201cexplicit representation of non-token-holder interests.\u201d The Ethereum layer-2 scaling solution deployed the first round of its long-awaited&#8230;<\/p>\n","protected":false},"author":1,"featured_media":457086,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvYjJlOWZjYmQtYjI0NS00M2U4LWFmOWQtNDA0ZjBjNTZmODNlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74868,74891,95119,74892,75995],"class_list":["post-457085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-defi","tag-ethereum","tag-layer2","tag-tokens","tag-vitalik-buterin"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/457085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=457085"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/457085\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/457086"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=457085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=457085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=457085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}