# A Summer of Optimism By [The Optimism Collective](https://paragraph.com/@zksyncnetwork) · 2023-02-07 --- Excitement has been brewing since last week’s [announcement](https://optimism.mirror.xyz/gQWKlrDqHzdKPsB1iUnI-cVN3v0NvsWnazK7ajlt1fI) of the Optimism Collective. It’s going to be an OP Summer. Over the coming weeks, we’ll be publishing more details on how we plan to scale a sustainable future for the Optimism Collective—starting today with **OP Stimpack**, the first formal action of the Token House. This activates the Governance Fund (231,928,234 OP) to begin incentivizing growth on Optimism. You can read about our long-term vision for sustainable governance at scale with [Retroactive Public Goods Funding](https://medium.com/ethereum-optimism/retroactive-public-goods-funding-33c9b7d00f0c) in the [OP Economics Overview](https://community.optimism.io/docs/governance/economics/#). In the near-term, 5.4% of the token supply (231,928,234 OP) will also be disbursed to Optimism projects both old and new via the Governance Fund. We're building the foundation of this new digital frontier, **but it's you—the projects and users—who will bring it to life**. From 0 to 1 ----------- The Governance Fund will be rolled out in two phases: Phase 0 and Phase 1. -------------------------------------------------------------------------- ### Phase 0 (Now - Airdrop #1) Phase 0 is meant to reward early movers in the OP ecosystem who have demonstrated traction through a straightforward set of on-chain criteria. You can view the preliminary allocations for Phase 0 [here](https://docs.google.com/spreadsheets/d/1kiMnAKXTxrmoL7duvLrDlhMfa35HGE55QgUK0Rq2Sso/edit#gid=1014306106). ![](https://storage.googleapis.com/papyrus_images/c1c7f8570b8944aea141b24e231b9c84ba753fea018a9510e971a55f797dfa06.png) Projects that have made Optimism their home are the lifeblood of the Collective, and Phase 0 rewards those who took the early risk of betting on Optimism and a sustainable future for Ethereum. OP-native projects will **receive a 3x multiplier on their Phase 0 allocation**. For details on Phase 0 qualifications, [check out the docs](https://community.optimism.io/docs/governance/gov-fund). To receive their allotment of OP, Phase 0 projects must [submit a proposal](https://gov.optimism.io/t/governance-fund-phase-0-how-to-create-a-proposal/215) outlining how they will distribute the tokens to grow usage of their project on Optimism. During the first cycle of the Token House governance (following Airdrop #1), Phase 0 proposals will be voted on. If a proposal is approved by the Token House, OP tokens will be sent to the wallet address in the proposal. A claims process may be required. If all projects are approved, a total of 36,600,000 OP (15% of the total Governance Fund) will be disbursed by the Optimism Foundation shortly after Airdrop #1. ### Phase 1 (Post-Airdrop #1) Phase 1 makes up 85% of the Governance Fund and is open to any and all projects interested in aligning themselves with the [Optimistic Vision](https://www.optimism.io/vision). These are projects that can demonstrate a clear plan for using OP to incentivize the growth of their project on Optimism. Any project may submit a proposal requesting any amount of OP tokens after Phase 0 is complete. Phase 1 proposals empower the Token House to determine which projects and communities they want to support as the ecosystem grows. If a proposal is approved by the Token House, OP tokens will be sent to the wallet address in the proposal. A claims process may be required. Instructions for how to create and submit a Phase 1 proposal once Airdrop #1 is complete can be found [here](https://gov.optimism.io/t/governance-fund-phase-1-how-to-create-a-proposal/216). One Piece of a Very Large Pie ----------------------------- The Governance Fund is just one of many mechanisms which will be used to jumpstart the growth of the ecosystem. For the full breakdown of OP token allocations, see the [Allocations section](https://community.optimism.io/docs/governance/allocations/#) of our Governance docs. ![](https://storage.googleapis.com/papyrus_images/b0c429ec23ecee97c4a352f3fddb38e19559f12181e1d4150b2fc9b58b9fffaf.jpg) The Governance Fund follows the launch of the [Optimism Collective](https://app.optimism.io/governance): a large-scale experiment in digital democratic governance built to drive rapid and sustainable growth of a decentralized ecosystem, and stewarded by the newly formed Optimism Foundation. It's also hot on the heels of a complete re-design of the [Optimism bridge](https://app.optimism.io/bridge), allowing cheap, fast, and seamless movement of ETH or ERC20 tokens between Optimism, L1 Ethereum, other L2s, and CEXs. Whether you're a project or a user, things have never looked so Optimistic 🔴✨. If you have any questions or clarifications, feel free to chime in on [this thread at the Optimism Governance Forum](https://gov.optimism.io/t/governance-fund-discussion-thread/213). We’ll see you on the frontier. Stay Optimistic! --- *Originally published on [The Optimism Collective](https://paragraph.com/@zksyncnetwork/a-summer-of-optimism)*