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Morning Edition · Tuesday, October 27, 2026Published at 1:37 AM EDT · New York
The Optimism Foundation proposes ending token-holder elections for Security Council seats and letting a council lead nominate members
A nominee would take a seat unless opponents gathered 20% of active votable OP. Meanwhile, the total value secured on OP Mainnet fell 13% in a week.
The Optimism Foundation has proposed rewriting how members of its Security Council are chosen. The council is the multisig body that can intervene during an emergency on OP Mainnet and on chains using the OP Stack. Today, Token House voters…
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Part of a tracked trend
Rollup Governance Recentralizes
Rollup foundations will keep pulling emergency and upgrade powers back from token-holder votes through nomination, veto and charter changes. The independence that L2 security ratings rely on becomes a negotiated variable, not a fixed property.
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