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Optimism · closed proposal

# Security Council: Vote #1

0xe455…226f·ended 57y ago·MEDIUM RISK
Voters
11,797
OP voted
46251219245788896.00B
≈$4758972953076203.00B
Token price
$0.10

AI summary

This proposal asks the Optimism Token House to approve adding the newly formed Security Council as a signer to a 2/2 multi-signature wallet. This wallet controls upgrades to the OP Mainnet protocol. This is the first of three votes needed to fully establish the Security Council's role in Optimism's security framework.

Impact

If this proposal passes, the Security Council will gain significant control over OP Mainnet's technical upgrades, enhancing the protocol's security model. This change benefits the overall security of the Optimism ecosystem by decentralizing control over upgrades, but it also grants substantial power to the Security Council members.

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Voting results

For46176532351675616.00B (99.8%)
Against49919403904618.98B (0.1%)
Abstain24767490208663.41B (0.1%)
46251219245788896.00B OP · ≈$4758972953076203.00B · 11797 votersblock 2023-10-12T19:08:55Z

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0 votes > 5% VP
No whale votes on this proposal.

Full proposal

Original markdown · Optimism

Security Council: Vote #1

This proposal requires a vote to approve Phase 0's addition of the Security Council as a signer on a 2/2 multisig that controls protocol upgrades for OP Mainnet. This does not require any protocol changes, but as this represents a fundamental change to OP Mainnet's security model, it should be approved by the Token House. This is one of three votes required to fully implement the Security Council as outlined here: https://gov.optimism.io/t/intro-to-optimisms-security-council/6885

This vote requires a 76% approval threshold. The value displayed by the frontend ma…

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