After reviewing, we’ve decided to cast our vote in support of this proposal. With the considerable supply overhang of $OP, we also believe that the Collective doesn’t require additional inflation of the OP token right now. Increasing the total supply of tokens will moving us further from our goal of managing and increasing the circulating supply of OP. While inflation can serve as a useful growth lever in the future, it seems less beneficial in our current situation. Setting the inflation to 0% for this year will allow us to focus on strategically distributing the existing OP tokens.
Sharing OP 2022-2023 budget w/ current allocations from Treasury Appropriation Proposal: Foundation Year 2 Budget for better visualization of current OP distributions.
