Optimism Foundation
Optimism is holding a veto‑only vote to transfer Unichain's sequencer operations and fee routing to the Optimism Foundation. Unichain transfers its sequencer operations to Optimism Foundation Token House has the right to veto nominees nominated under the Optimism Foundation’s Security Council Lead system and can remove the Lead. Optimism Foundation proposes that the Token House’s election process replace cohort elections with a system whereby candidates take their seats unless tokenholders assemble enough OP voting power to veto them.· Entity summary generated by Graphiti
Relation timeline
BY VALID-FROM DATE- Optimism FoundationPROPOSES ELECTION REPLACEMENT SYSTEMToken House
Optimism Foundation proposes that the Token House’s election process replace cohort elections with a system whereby candidates take their seats unless tokenholders assemble enough OP voting power to veto them.
- Token HouseHAS RIGHT TO VETOOptimism Foundation
Token House has the right to veto nominees nominated under the Optimism Foundation’s Security Council Lead system and can remove the Lead.
- UnichainTRANSFER OPERATIONS TOOptimism Foundation
Unichain transfers its sequencer operations to Optimism Foundation
- OptimismVETO TRANSFER TOOptimism Foundation
Optimism is holding a veto‑only vote to transfer Unichain's sequencer operations and fee routing to the Optimism Foundation.
Relations are facts Graphiti extracted from reports, not verbatim quotes. An end date means later reporting showed the relation no longer holds.