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The new approval process, under which most Optimism proposals will be automatically approved unless opposed by a stakeholder, will come into effect on August 1 to ease the burden on contributors.
Optimism targets decentralization through the renewal of "season eight" governance
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Optimism is set to update its governance system for the second time this year - this time aiming to become more decentralized.
In a blog post on Friday, the Optimism team said that changes effective August 1 as part of the renewal of "season eight" will introduce stakeholder voting, a general definition of citizenship, and an automatic approval process for proposals.
The team said: "The goal has always been to create a governance model designed for a new internet; and now we understand that this means reducing platform risks by creating accountability where corporate governance models have failed to do so."
The previous season, which lasted from January 16 to June 11, focused on interoperability.
The governance of OP aims to reduce platform risks
The Optimism team stated that it has created four groups of stakeholders: token holders, end users, applications, and chains, to ensure that everyone can vote on governance proposals.
Decentralization and technology
Source: Optimism
The team said: "The eighth season is taking steps to ensure governance accountability to all key stakeholders in the group, not just financial stakeholders, which is a major flaw in traditional corporate and cryptocurrency governance models."
"The goal is to reduce platform risks associated with any stakeholder controlling the decision-making process at the expense of others."
Citizenship is still in the experimental phase
Two councils are governed in Optimism: the Token Council and the Citizens Council. The Citizens Council, launched in April 2022, is given one vote per citizen.
The Token House can vote on issues such as protocol upgrades, selecting the sequencer, and allocating the governance fund through token-weighted voting.
Token holders will continue to be represented as a key stakeholder group through the token-weighted voting model in the Token House.
Optimism now also has a public definition of verifiable on-chain citizenship, which it has divided into three categories: end users, applications, and chains.
The Optimism Council is governed by two parliamentary councils, the Token Council and the Citizens Council. Source: Optimism
However, the team also stated that citizenship "remains an experiment" at this stage, and current citizenship does not guarantee that in future updates.
Proposals are automatically passed unless opposed by a stakeholder
The new approval process will also be implemented in August, as most of it will follow the "Optimistic Approval Process," allowing it to pass automatically unless opposed by a stakeholder.
The goal is to ensure that busy contributors can keep the system under control without full-time political intervention, according to the Optimism team.
Related: ASTR became the first interoperable token for the OP Superchain via Chainlink CCIP
They said: "Participating in governance should not require spending hours reading forum posts and dealing with complex bureaucracy. Governance participation should not be a full-time or part-time job."
Resource budgets will be proposed by the Budget Council and will be approved unless also rejected. Protocol upgrades will be voted on by an independent advisory council for developers, which will act on behalf of both the Token Council and the Citizens Council.
