Owning protocols that bring TVL to OP

Aave, Velodrome and PoolTogether have been extremely successful so far bringing TVL into Optimism. Shouldn’t we try to invest in those and have voting power?
Eventually Arbitrum (and other L2s) might release their token and steal part of our TVL.

2 Likes

We at Velodrome currently have an active proposal suggesting something to this extent: [DRAFT] [GF: META] Proposal to reserve a share of GF distribution for liquidity backstopping and stronger governance

In addition, OP Labs currently already has ~5% vote power over Velodrome. We think it’d be great for the Optimism Collective to have governance rights over other protocols to align decision-making and help coordinate core defi operations layerwide.

3 Likes