The OP Mainnet upgrade to the Bedrock release will take place on June 6, 2023 at 16:00 UTC! There will be 2-4 hours of downtime.
See here for additional details. (opens new window)

Governance Fund Overview

To discuss the Governance Fund, head to the Optimism governance forum (opens new window).

# Overview

5.4% of the total initial token supply (231,928,234 OP) will be distributed to Optimism projects and communities via the Governance Fund.
The goal of the Governance Fund is to empower the OP community to proactively incentivize future growth of projects and communities in the Optimism ecosystem. You can read more about the total allocation of OP in the Allocations section of our Governance docs.

The learn more about the purpose of the Governance Fund please read the Governance Fund Charter (opens new window).

# Phase 1

Phase 1 will distribute grants to projects in the Optimism ecosystem. You can see how Phase 1 grants have been distributed to date in the Governance Tracker (opens new window).

Any project on Optimism can apply for a grant via the Optimism Grants Council (opens new window).

When a project gets a proposal approved, they are still eligible to apply for further proposals. The Optimism Foundation recommends that projects distribute their initial allocation of tokens before requesting further tokens. Projects are also encouraged to reference data from the success of their initial distribution to strengthen their case in future proposals.

# Phase 0

Phase 0 was designed to reward existing projects that have driven growth of the Optimism ecosystem.

The amount of funding for each project was determined by a set of onchain metrics, calculated via a snapshot of the Optimism chain on April 1, 2022 at 12:00am UTC. To see live tracking on Gov Fund allocations, please see the Public Distribution Tracker (opens new window).