L2DAO Investigation: Summary

[Exosphere]

Layer2DAO’s response to the accusations of grant misuse can be found here:

Layer2DAO Statement Regarding OPIncubator Grants 4 and 5

Dear Optimism Community, We are writing to express our appreciation for the Optimism Foundation’s engagement with us regarding the issue surrounding the grants awarded to NFT Earth and LFGrow as part of our OPIncubator program. Some members of the community perceive the transfer of OP tokens to NFT Earth and LFGrow, and the subsequent conversion to USDC to pay for the costs of launching their projects on Optimism as a violation of the underlying Optimism Governance Round 0 grant’s terms. This …