No Sale Policy
OP received through Growth Experiments Grants should not be sold by the grant recipient. This “no sale” rule:
- Includes the grant recipient, their affiliates and any other related persons. These persons cannot receive OP for the purpose of selling (or if the grant recipient knows they intend to sell) the tokens.
- Includes the direct exchange of OP for crypto or fiat, whether done publicly or privately. Think selling OP in exchange for fiat or crypto, regardless of whether done on a CEX, DEX, OTC desk, at your local park, or otherwise.
- Does not include using OP to incentivize usage. Providing OP as liquidity mining incentives is not restricted by these parameters.
- There is no expiration to this rule for Growth Experiments Grants
OP received through Builders Grants should not be sold by the grant recipient for a period of one year. After a holding period of one year, Builders Grant recipients have full discretion over how they utilize OP, so long as it coincides with the objectives outlined in their proposal.
You can read more about the reasoning behind the token locks here .
No Self-Delegation of Grants
Token grants must not be self-delegated for use in governance. The primary purpose of these token grants is to incentivize sustainable usage and growth of the Optimism ecosystem. Accordingly, for partners interested in increasing their voting power, the preferred route is by encouraging users to delegate their rewards to your governance representatives.
Critical Milestones and Clawback
Critical milestones demonstrate good faith effort to accomplish the aims set forth in a proposal.
Critical milestones are meant to provide the Optimism community with satisfaction that the proposer has taken actions consistent with those outlined in an approved proposal.
Non-completion of critical milestones will be grounds for clawback of any remaining locked tokens, as outlined in the Operating Manual.
On-chain data or other publicly verifiable information is favored for the determination of critical milestones.
An example of a critical milestone is: “We will deploy X smart contract on Y date.”
Violation of these policies are violations of the Code of Conduct.