The Optimism Foundation future OP operating budget is subject to governance approval. The Foundation was allocated a Year 1 budget in the founding documents of the Optimism Collective. It has to date used 5.21% of this Year 1 budget. ****Therefore, the Foundation does not need to request a budget for Year 2, but is symbolically requesting an additional 1 OP for its Year 2 (2023-2024) operating budget.

This Season 4 proposal is eligible for voting in Special Voting Cycle #12b: https://gov.optimism.io/t/treasury-appropriation-proposal-foundation-year-2-budget-draft/5979