Enabling $OP as a gas token on Optimism Network!

[sartaj0]

Great its a good decision i think best for #OP

[OPUser]

what is your thoughts on allowing users to pay in any token/coin, at least ETH, USDC and OP, like zksync does ?

[Infinitehomie]

Seems like this could be a good idea for affordability versus continuing with using ETH. How would that effect liquidity? Would it go help since it’s is keeping into optimism?

[Sereno]

I need this, Bring my OP to the ecosystem and be able to interact with the different projects paying my fee with OP.

[rattlecage]

Yes, the sell pressure can’t be ignored. What these people really want is a burn mechanism for optimism. Which could be done by directing excess transaction fees to buying/burning OP tokens.

I don’t agree with that. I would rather use all available funds to grow the protocol, but the “burn” meme is strong.

[IceQueen]

@rattlecage

buying/burning OP tokens.

I have started a discussion about a buyback and burn program.
You can view that below:

Optimism $OP Buyback and Burn to increase price of the token!

This consideration is for those who want to discuss increasing the intrinsic value of the optimism token without taking the route of performing complex technical/structural maneuvers on the chain such as the ones some other well received proposals have proposed. (Think about stock buy backs) Optimism Buyback and or burn DAO can use profits or a certain share of profits from buy back Optimism tokens. Make it a weekly/monthly operation and direct the tokens to a DAO controlled wallet …

[Jokeraider]

absolutely agree this idea.

[Crypto_Fruit]

I don’t think only OP should be used like gas token. It complicates everything again and it can make problems for new users. Would be nice to have for example 2 options. ETH and OP but with OP you have some discount on fees.

[shridhar.eth]

#Enabling $OP as a gas token on Optimism Network…must approve by OP team

[kinglee]

yes ,OP Token Use for Gas Fees on Optimism Network,but also forgoverment token on Optimism Network

[EL_PASO]

I aggree, that a good idea!

[woca]

It’s a good idea, I think it works

[aks20]

It really a good idea.

[Jasonopps]

Cannot agree more about this fatanstic idea.it will bring more useage of the token and bring more value of the toekn which is good for all

[MAMI]

It’s a good idea but i’m worry if we use OP then the new comer will not come to our ecosystem.

[enjoynering.eth]

I agree ,make OP valuable

[Princetee]

This idea makes so much sense…pls go ahead.

[nana]

@ApePrince

Enabling $OP as a gas token on Optimism Network!

The $OP token can be used to pay gas fees on the Optimism Network!. This is a major addition to the utility of the $OP token, and will help increase adoption and usage of the Optimism Network!.

ETH remains the default gas token, but all users will have the option to change to $OP. Users preferring to stick with ETH gas payments do not have to do anything, but using $OP will result in a 25% gas fee discount!

Benefits

The Optimism token already has significant utility on the network, and this improvement will unify usage of $OP as the fees token for all Optimism Networks. Currently, $OP is used for voting and delegating votes in the Optimism Network.

This can incentivize bridging since we can airdrop a small amount of $Op for first time users of the network. It will also prevent the need to bridge both ETH and for Optimism Network usage.

Additional benefits:

Increased trading volume for $OP
Increase the total market cap with the usage of $Op tokens as Gass
Increase the price of the $OP.
$Op will be traded in Eth and L1 markets.
Increased user choice on the network.
Makes it easier for bridging.
Eliminates the need to bridge both $ETH and $OP for network usage

Technical Details

Adding a second fee token to a live Mainnet is a major technical lift with many ramifications for security, convenience, documentation, message-relay, fraud-detection, block-explorers, The Graph indexing, wallets, the gateway, and overall developer and user experience. We are proposing an opt-in strategy where users can, if they wish, pay for fees in $OP. This fee choice will be recorded in an L2 contract. Changing the fee token will require interacting with this feeChoice contract. To reduce friction points for new users, a second system of contracts will be built that allows users without ETH on L2 to change their fee setting to $OP, using a MetaTransaction, in which Optimism Network pays the ETH to change their fee token setting in return for OP from the user. This means that for new users, they will only need to bridge OP to Optimism to then use its full range of services, contracts, and DAPS

What Does this Mean for User experience?

If you want to continue to use ETH to pay for transactions on the Optimism Network, you don’t have to do anything.If you want to pay for transactions in $OP, select $OP, and confirm the transaction. After that, all future transactions will be charged in $OP. Users will be able to switch between $OP and $ETH as the fee token.

Conclusion

$OP Token Receives Utility Boost, Use for Gas Fees on Optimism Network

Credits goes to - Zukaboba

its such a good idea . i had suggested it a month ago

[Sergey]

@ApePrince

Enabling $OP as a gas token on Optimism Network

I am sure that it should be ONLY ONE possibility to pay the gas - as to use OP token!!! It is only the way how to increase adoption and usage of the Optimism Network!!!

[iSpeakNerd]

Appreciate your patience in responding to these posts by people named things like “ApePrince” . Totally in agreement with your arguments, it is not only not necessary, but actively counterproductive to the ecosystem to pay for gas in $OP.

Moonbois coming out in force on these forums.