Enabling $OP as a gas token on Optimism Network!

[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.

[iSpeakNerd]

I don’t think you understand how ETH L2’s work. The L2 sequencer still needs to pay fees in ETH to post bundled transactions to mainnet. If ppl are not paying fees in ETH on L2, where is the ETH coming from to pay fees on mainnet? L2 would have to sell OP to buy ETH.

If there’s a discount for gas then that means the ecosystem is operating at a loss. Not the state you want a new ecosystem to be in. Please think in terms of years rather than days.

[PrzemoL]

I agree with you, a very good idea!

[Sergey]

you are right! everybody has to know it! Thank you!

[macvt]

seem legit. and I hopefully wish OP can be a selective of gas fee payment method.

[YoLo]

i agree this best idea.100%%%

[satoshi]

i like the advantages, but what are the disadvantages?