Optimism will introduce a governance system in Season 5 and establish an Optimism Security Committee

The Optimism Collective issued a statement stating that Optimism will introduce a governance system in Season 5. Collective will launch Citizens’ House and will conduct the first round of Joint-House voting.

In addition, Optimism will establish an Optimism Safety Committee in Season 5. The Security Committee consists of a group of community members tasked with executing protocol upgrades in accordance with the wishes of governance.

In Season 6, Optimism plans to introduce an initial process for voting to allocate protocol revenue, which may include the introduction of a Finance Committee, responsible for making high-level recommendations to governance on how to allocate resources; part of the operations of Optimism Treasury will be transferred to the chain, which means that governance Will be able to initiate transactions entirely on-chain, transferring tokens from the OP Token Treasury to the chain.