The proposal constitutes a ratification of the Law of Chains. The Law of Chains is one of the most important governing documents of the Optimism Collective. The Law of Chains is not a procedural specification or playbook for Optimism Governance to enact decisions in a multi-chain context. Instead, it is a neutrality framework intended to reliably inform governance decisions.
You can reference the full draft of the Law of Chains here.
A section-by-section summary can be found here.
Thank you to the delegates for leaving valuable community feedback on the draft over the past several months. We’ve responded in a series of responses starting here.
The Law of Chains forms the basis for many processes and accountability structures in governing the Superchain. In upcoming Seasons, community members can expect to apply the Law of Chains in the following ways:
- Season 5 will introduce an Allowlist of acceptable sequencers for OP Chains to use. This Allowlist will be maintained by governance: sequencers can submit a proposal to the Token House to be added to this Allowlist.
- Token House voters should evaluate the proposed sequencers’ commitment to upholding the Law of Chains in deciding whether to approve them or not.
- Token House voters may also vote to remove a sequencer from the Allowlist if the sequencer is in violation of any part of the Law of Chains (for example, if the sequencer is impermissibly censoring user transactions).
- Future protocol upgrades should be evaluated to understand their impact to each stakeholder in the Superchain (users, chain governors, and chain servicers), along with the platform as a whole, so voters can make sure each protocol upgrade continues to uphold the Law of Chain’s assurances.
If ratified, the Law of Chains will be appended as an addendum to the Working Constitution. Procedures for Optimism Governance to implement the Law of Chains will then be added to the Operating Manual (for example, a process for sequencer additional or removal).
As outlined in the Operating Manual, Token House Ratification requires a 51% approval threshold (30% quorum).