This proposal outlines the “Enable onchain treasury execution” governor upgrade, allowing OP token transfer proposals to be executed automatically onchain without relying on the Optimism Foundation. Non-treasury proposals, such as protocol and governor upgrades, will continue to be executed via standard processes. This upgrade also includes minor patches based on previous audits.

If approved by governance, the Optimism Foundation admin will set the new implementation of governor proxy at 0xcDF27F107725988f2261Ce2256bDfCdE8B382B10 to new implementation deployed at 0xecbf4ed9f47302f00f0f039a691e7db83bdd2624.

This proposal is eligible for Voting Cycle #29

If passed in the Token House, it will proceed to a veto period in the Citizens’ House.