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How Optimism’s draft manual silently strips tokenholder elections

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How Optimism’s draft manual silently strips tokenholder elections

The Foundation’s proposed rewrite would end cohort elections and seat nominees unless a veto reaches 20% of active votable OP supply.

The Optimism Foundation wants its elected Security Council Lead to nominate the body's members, replacing cohort elections with a system in which candidates take their seats unless tokenholders assemble enough OP voting power to veto them.

The Oct. 22 ratification proposal would give the elected Council Lead responsibility for recruiting, interviewing, and nominating the participants who carry out protocol upgrades and respond to security emergencies. The Token House, Optimism's tokenholder governance body, would keep the right to veto each nominee and remove the Lead.

The proposed authority concerns choosing who is put forward for signing roles, with opponents needing 20% of active votable OP supply to block an appointment.

As of Oct. 25, the linked rewrite was still marked Draft, while the main-branch Operating Manual remained at v2.0.0.

Under the proposal's action plan, ratification would precede a Lead election, the changes would take effect with that election, and existing signers would remain until their replacements were confirmed.

Under the proposed Council Appointment process, the Lead would put forward each nominee separately. Each candidate would receive one week for review, followed by one week for veto voting.

A veto reaching the threshold would prevent that candidate from being seated. The Lead would have to nominate a replacement through a new proposal, and the general appeals process would not apply. Blocking one nominee would not affect other appointments.

The Foundation presents the shift as a response to recruiting and assessment problems.


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