Introduction to Layer2DAO
Layer2DAO 41 is expanding the Ethereum L2 ecosystem and investing in L2 ecosystem projects. The DAO uses its treasury to invest into high-impact L2 protocols and ecosystem plays, serving as a diversified venture fund for investors looking to gain exposure to the L2 ecosystem growth. It may also provide liquidity, depositing, and staking in the future, perpetually reinvesting proceeds back into the DAO.

Layer2DAO will also provide incentives for users to move their funds to L2s and use protocols on those L2s, modeled after other protocols’ successful incentive programs. We plan on particularly supporting projects that have not launched their own token to drive adoption.

Layer2DAO is governed by L2DAO token holders. Through the proposal and voting process L2DAO token holders will determine the actions and direction of Layer2DAO.

Layer2DAO is proposing to use 240,000 of the 300,000 OP fund to create an ‘OPIncubator’ that will invest in projects that run on Optimism in addition to incentivizing a new L2DAO/OP liquidity pool with 60,000 tokens. The OPIncubator will incorporate a dynamic NFT on Optimism that can be used by holders to vote for their favorite Optimism projects in return for bribes. Successful projects will be awarded a portion of the OP drop over 6 funding rounds. Layer2DAO will match these funds on a 1:1 basis. The Layer2DAO treasury intends to bridge 100 million L2DAO tokens from Arbitrum to its multi-sig wallet on Optimism.