OP Stack

Base

Yesterday, ~42 million OP tokens were moved trustlessly and transparently onchain

One year after launch, we transferred the first portion of our @optimism Superchain grant into a brand new SmartEscrow contract — vesting the remaining tokens automatically, according to our agreement

This anchors us in our long-term commitment to the Superchain — and after the first vesting event later this month, the Base core team will be able to participate in Optimism Governance

Instantly transferred. No fees or middlemen. This is what's enabled by going onchain

https://optimistic.etherscan.io/address/0xb3c2f9fc2727078ec3a2255410e83ba5b62c5b5f

Did you notice ~42 million OP tokens moving yesterday? We transferred them to a smart contract which will handle the gradual vesting of these tokens to Base: https://optimistic.etherscan.io/address/0xb3c2f9fc2727078ec3a2255410e83ba5b62c5b5f 

Optimism provided Base a grant to receive ~118 million OP tokens over 6 years following Base’s launch. This anchors Base in our long-term commitment to the Superchain and gives us a voice in Optimism Governance. To signify our partnership & commitment, we also contribute a percentage of all Base revenue to the Optimism Collective. See this onchain:
proxy: https://basescan.org/address/0x09C7bAD99688a55a2e83644BFAed09e62bDcCcBA 
implementation (see code here): https://basescan.org/address/0x45969d00739d518f0dde41920b67ce30395135a0#code 

The OP tokens held in the smart contract will automatically vest over time. The first vest in late August will enable the Base team to start participating  in Optimism Governance.

Did y'all see those 42M OP tokens moving? They're vesting into Base's future. Excited for our Superchain journey with Optimism! 🚀

Protocol PM for @base, @base founding engineer (smart contracts + key management)