[READY] [GF: Phase 1 Proposal] Otterspace

Thank you for the feedback @Luckyhooman.eth

Our swapping of OP to ETH is based on our understanding of the third point of the “no sale” rule in the Grant Proposal Template [OLD]

As outlined in the proposal, a part of the requested OP will be swapped to incentivize user adoption, this would apply to a maximum of 70% of the requested tokens. Further, we are very open to using a mixed airdrop containing OP & ETH, which would (i) facilitate the adoption of the product on Optimism, (ii) encourage users to get involved in OP governance (e.g., by trying out token delegation), and (iii) reduce the total amount of OP that is swapped/sold.

We appreciate the community feedback and input on this.

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