Optimism

Optimism's Generalized Governance VCM combines two core Origins of Value: Governance and Conditional Action, creating a comprehensive value capture mechanism through its Token House structure. This VCM enables OP token holders to derive value through active participation in protocol governance while ensuring meaningful engagement through required actions. The mechanism functions by allowing token holders to either vote directly on proposals or delegate their voting power to other addresses. Operating on a seasonal schedule with three-week voting cycles, the VCM creates regular opportunities for value capture through participation. Token holders can influence crucial decisions about protocol upgrades, treasury allocations, and ecosystem development.