Token House Overview
Governance of the Optimism Collective began with the launch of the OP token, and token-weighted voting in the Token House. The Token House works alongside the Citizens' House to govern the Optimism Collective, and is responsible for the governance of the Superchain protocol.
The goals of the Token House are:
- Safeguard the evolution of the Optimism protocol in line with the long term benefit of the Superchain
- Manage sustainable economic policies aligned with the long-term viability of the Collective
- Protect against abuses of power in the Citizens’ House
- Enable network operation to continue without reliance on any individual entity
Responsibilities
As Token House members, OP holders are responsible for submitting, deliberating, and voting on various types of governance proposals.
In its current phase, the Token House is responsible for voting on the allocation of the Governance Fund, voting on all protocol and governor upgrade proposals, and proposing any changes to the inflation rate of the OP Token, in addition to various other proposal types outlined in the Operating Manual (opens in a new tab).
The Token House is in an initial bootstrapping phase, and will take on progressively more governance responsibilities over time.
In carrying out these functions, OP holders may either vote directly, or delegate their OP voting power to someone else. Learn about delegation [here(link)
Moving Forward
In future phases, the Token House may gain additional governance powers. For example, in addition to voting on Governance Fund allocations, the Foundation's budget, protocol upgrades, and inflation; the Token House may work alongside the Citizens' House to govern allocation of surplus protocol revenue, collaborate on criteria for participation in the Citizens’ House, and manage the broader treasury. You can read more about this transition here (opens in a new tab).
Sub-pages on Token House: Historical Governance Seasons (opens in a new tab)