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Exciting milestone today on @Optimism's path towards ✨progressive decentralization✨!
The Token House approved our Proposal to Enable Onchain Treasury Execution, which now proceeds to the Citizens’ House.
What does this mean for @Optimism? 👇
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Introducing our proposal for ✨onchain treasury execution✨ for @optimism – allowing transfers of OP tokens to be executed permissionlessly.
This proposal is the first step of many we'll be taking towards Optimism's Long Term Governance Architecture. Read on to learn more 👇
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Introducing our proposal for ✨onchain treasury execution✨ for @optimism – allowing transfers of OP tokens to be executed permissionlessly.
This proposal is the first step of many we'll be taking towards Optimism's Long Term Governance Architecture. Read on to learn more 👇
2 replies
32 recasts
54 reactions
Exciting milestone today on @Optimism's path towards ✨progressive decentralization✨!
The Token House approved our Proposal to Enable Onchain Treasury Execution, which now proceeds to the Citizens’ House.
What does this mean for @Optimism? 👇
0 replies
13 recasts
10 reactions
Today, proposals on Optimism are voted onchain, but executed manually by the @optimism Foundation.
If approved, this update will allow treasury transfers to happen automatically, bringing more transparency and decentralization to the ecosystem.
Note that protocol upgrades and governance changes will still be executed by the Foundation for now.
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With the Proposal's nod from the Token House, it now enters a 7-day veto period in the Citizens' House.
Next, the Optimism Foundation will upgrade the governor to activate ✨onchain treasury execution✨ – allowing transfers of OP tokens to be executed permissionlessly!