Heat Check: Open Zeppelin Grant

Open-Zeppelin contracts have been an amazing development for the Ethereum Network, making it much safer and saving users billions of dollars from scams. However, their security and simplicity come at the cost of gas usage. It is well known that Open-Zeppelin contracts use a lot of gas. For example, see this blog post. We believe that security and gas efficiency can exist synergistically, and so, we will be submitting a governance proposal to send 2.5B ΞGAS to the Open-Zeppelin foundation, urging them to build a new version of Open-Zeppelin, Open-Zeppelin-LowGas that uses 25-50% less gas without sacrificing security. Also, by having Open-Zeppelin own GAS tokens, that allows them to vote on proposals, which will be important moving forward as they are so essential to the Ethereum network. We propose sending 2.5B GAS tokens to Open Zeppelin to fund this effort.