Optimism governance has approved redesignating 546.9 million OP tokens valued at around $49 million from the user airdrop allocation into the Optimism Foundation's Strategic Ecosystem Fund. The tokens, equal to 12.7 percent of total supply, were transferred following a vote that closed on August 19, 2026. The proposal passed with 17,973,915 votes in favor and 10,930,286 against at approximately 62 percent support, clearing the 51 percent threshold and 16.54 million quorum requirement. A late vote from Test in Prod, funded by the Optimism Collective, proved decisive, boosting approval from 45.77 percent to 61.84 percent. The Foundation plans to use the fund for partnerships bringing chains, protocols, institutions and infrastructure to the OP Stack, incentives to strengthen OP Mainnet activity and liquidity, and adoption efforts for OP Mainnet and OP Enterprise. No further airdrops are planned after five prior distributions totaling 269.1 million OP. The token currently trades at $0.1008 with a market capitalization of about $230.8 million and 24-hour volume of $57.8 million.