Thank you to the delegates who have been monitoring active grants, we appreciate you flagging unusual transactions related to L2DAO’s grant. The Foundation has spoken with the L2DAO team and they have shared a spreadsheet where they are tracking the OP tokens they are re-accumulating.
Grant recipients are expected to distribute their grants with complete transparency. If there are any distributions or transactions that deviate from what has been specified in a grant proposal, it should be disclosed to the community as soon as possible. While unspecified at the time this grant was made, there is a no-sale policy that prevents the type of transactions that were executed by L2DAO.
Optimism Grants are intended to incentivize the sustainable growth of value-aligned projects and communities in the Optimism ecosystem. More accountability will be built into the grants process in S3, the details of which will be shared very soon.
We appreciate the community speaking up when they have concerns that behavior is not aligned with those objectives. This is a good opportunity to review your delegations and re-delegate if you don’t believe your delegate is acting in accordance with your values.