Clipper’s OP Token Distribution plan and Community Rewards

Clipper recently received 300,000 OP tokens! The greater the loot, the more power to boot, and we must now work to distribute the tokens across Clipper’s community in a way that rewards active community members while prioritizing Clipper’s and Optimism’s long-term growth.

Clipper Crew

• 2 min read
Clipper’s OP Token Distribution plan and Community Rewards

Clipper recently received 300,000 OP tokens! The greater the loot, the more power to boot, and we must now work to distribute the tokens across Clipper’s community in a way that rewards active community members while prioritizing Clipper’s and Optimism’s long-term growth.

As such, Clipper has the following goals in mind:

  1. Bring more developers and builders into the Optimism ecosystem
  2. Increase TVL (for Clipper Coves which allows for permissionless trading between any two assets)
  3. Increase number of daily transactions
  4. Increase number of Optimism project collaborations through community initiatives (e.g., Clipper’s Adventure Series)

These goals are in line with Optimism’s intent on the distribution of these tokens. In accordance with the now approved OP proposal, we’ve broken down the OP token distribution as such:

Category

Allocation %

Approach

Trader Mining

35%

OP tokens will be used to attract new users to trade on the DEX and increase volume, which will in turn boost Optimism CLPs highly competitive yields.

Limited Liquidity Mining

20%

OP tokens will be used to incentivize the creation of new Clipper Cove pools, which allows the trading of any crypto asset alongside new liquidity provision opportunities.

Clipper’s Adventure Series

20%

In addition to other TBD Adventure activities, some portion of the OP tokens will be reserved for the Adventure Captain's Grant as an incentive for future Adventure participants. 

Builder Acquisition

15%

OP tokens will be used to incentivize builders to integrate and support Clipper’s pioneering formula market maker architecture, in order to enhance Clipper’s composable design.

Retroactive Airdrop/Gas Reimbursement

10%

OP tokens will be airdropped to users who have previously made transactions or deposited liquidity into Clipper’s CLP on Optimism.

Please note: as communicated earlier, Clipper will target distribution over the next 9 months. The exact rate at which tokens are distributed will be left to the AdmiralDAO council with input from the Optimism community. For the time being, several grants will be distributed to developers who have already helped expand Clipper’s codebase, and the remaining disbursements will be dependent on a scoring system which is still being developed. We will share another update to the community once the exact OP token distribution schedule has been finalized.

We’re excited to work alongside Optimism to build towards a more interoperable and accessible DeFi future while offering tokenized rewards and incentives to a variety of Clipper users and ecosystem participants – stay tuned for more updates!