I will symbolically vote Against this proposal as the Foundation has significantly underdistributed tokens and creating a larger supply overhang than projected. Particularly given $OP’s challenging tokenomics to begin with, it was imperative to at least get a wide distribution in the early days, to bolster some confidence in the token, and this hasn’t happened anywhere near the degree implied in Year 1.
As per initial projections, roughly ~9.5% or ~400M OP should have been distributed to users via airdrops. However, only 11.7M was, since Airdrop #1, and a total of 226.5M.
I understand that this is an evolving process and the projections are just that, but Foundation’s handling of OP’s token distribution and lack of clarity has undermined confidence in the $OP token.
For me to vote For on this proposal, I need detailed projections for Year 2 and moving forward, and the measures taken to ensure they will be met within an acceptable margin of error. Of course, I’m referring to categories directly under the purview of Foundation like RPGF and Airdrops. Without accountability and standards, these proposals are meaningless.