Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

Sign up for GitHub

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

[mainnet] Runbook is ready #130

Merged
merged 1 commit into from
Mar 5, 2024
Merged

[mainnet] Runbook is ready #130

Changes from all commits
Commits
Show all changes
1 commit
Select commit
File filter

Filter by extension

Filter by extension
Conversations
Failed to load comments.
Loading
Jump to
Jump to file
Failed to load files.
Loading
Diff view
Diff view
3 changes: 0 additions & 3 deletions mainnet/2024-02-23-transfer-op/README.md
View file
Open in desktop
Original file line number Diff line number Diff line change
Expand Up @@ -2,9 +2,6 @@

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).
Expand Down