Altcoins● Neutral

Optimism draft could drop token holder elections unless 20% of OP supply vetoes

TradingGain Newsroom·2d ago·27 Oct 2026, 01:30 UTC

The Optimism Foundation has proposed a rewrite of its draft manual that would end cohort elections and the seating of nominees. The change would only be blocked if a veto reaches 20% of active votable OP supply. For traders, this is a governance change that could alter how much say OP token holders have.

OPAt the time of writing, Optimism traded at $0.11104 (+1.2% in 24h).Live price →

Why it matters

The proposal would end cohort elections for Optimism governance.
Nominee seating would also end under the rewrite, unless a veto succeeds.
A veto needs to reach 20% of active votable OP supply to block the change.

What to watch next

Watch whether the Foundation moves forward with the rewrite and how close veto support gets to the 20% threshold.

OPLive chartOpen full chart →

This brief is written by TradingGain from public reporting by CryptoSlate.Read original ↗

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