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Optimism Proposal Would End Security Council Cohort Elections

Optimism Proposal Would End Security Council Cohort Elections

Photo: TokenPost

The Optimism Foundation has proposed ending direct elections for Security Council cohorts, giving an elected Council Lead power to nominate members while leaving Token House voters a threshold-based veto over each pick. Token House voters would continue electing the Lead, but the proposed process would end direct approval-voting elections for Cohorts A and B. Each nominee would have one week for review and a second week for veto votes. A nominee would take a seat unless opposing votes reached 20% of active votable supply of Optimism (OP). That threshold measures voting power, not the percentage of individual tokenholders.

Source: TokenPost

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