Runbook is ready (#130)

base · Mar 5, 2024 · e1231b3 · e1231b3
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diff --git a/mainnet/2024-02-23-transfer-op/README.md b/mainnet/2024-02-23-transfer-op/README.md
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 Status: READY TO SIGN
 
-> [!IMPORTANT] !!! DO NOT SIGN using this playbook yet, as it has not
-> been approved by all stakeholders
-
 ## Objective
 
 When Base launched, Optimism granted a share of OP tokens to Coinbase. The token distribution occurs onchain, and vests over a period of 6 years, with the first vesting event in July 2024. A smart contract handles the logic to make the tokens available for distribution as they vest. This smart contract (the "Smart Escrow Contract") also receives OP tokens 1 year before they vest and stores them until vesting. However, since the Smart Escrow contract was not ready upon Base launch, the existing OP tokens are being stored in a 2-of-2 multisig with CB & OP signers (similar to the multisig used for Base's upgrade keys, except on the Optimism network).