Optimism will introduce a governance system in Season 5 and establish the Optimism Security Committee

The Optimism Collective announced that Optimism will introduce a governance system in Season 5. The Collective will launch the "Citizens' House" and conduct the first round of "Joint-House" voting.

In addition, Optimism will establish an Optimism Security Committee in Season 5. The Security Committee is composed of a group of community members whose task is to implement protocol upgrades according to governance intentions.

In Season 6, Optimism plans to introduce an initial process for allocating protocol revenue through voting, which may include introducing a finance committee responsible for making high-level recommendations on how to allocate resources to the governance layer; part of the operations of the Optimism Treasury will be moved on-chain, meaning that governors will be able to initiate transactions entirely on-chain, transferring tokens from OP Token Treasury onto the chain.