Optimism (OP) - Permissioned Fallback Activated - From 16 Aug to 06 Sep 2024
2024-08-18

Optimism (OP) has activated a permissioned fallback from August 16 to September 6, 2024. This means the Optimism Foundation acts as the proposer during an upgrade process, which might impact confidence and stability in the short term. While it ensures security, some investors might be cautious. For more information, visit the official announcement.
As part of the planned fix, the permissioned fallback has been activated on OP Mainnet.
This means that over the next ~3 weeks during the upgrade process, the Optimism Foundation is the proposer, with the Security Council retaining the right to revoke if needed.…