{
  "schema_version": "1.5",
  "dao": "Optimism",
  "token": "OP",
  "slug": "optimism",
  "snapshot_space": "opcollective.eth",
  "structure_label": "S1",
  "as_of": "2026-10-01",
  "first_scored": "2026-07-23",
  "determinations": {
    "GSA1": "fail",
    "GSA2": "near-miss",
    "GSA3": "fail",
    "GSA4": "fail",
    "GSA5": "near-miss",
    "GSA6": "fail",
    "GSA7": "fail",
    "GSA8": "fail"
  },
  "tier": "Tier 3",
  "tier_name": "Decorative Rights — off-chain signaling, multisig-gated execution",
  "key_finding": "Sophisticated bicameral governance (Token House + Citizens' House) but treasury execution is Foundation/multisig-gated — OP token has no hard rights and no revenue claim.",
  "flags": [
    "Bicameral design dilutes token-holder power (revenue sharing flows to treasury, not token)",
    "Season 8 restructuring + Board — structural transition in progress",
    "GSA-3 NEAR-MISS REVIEW FLAG (2026-08-31 recheck — cell NOT changed): live 50%-of-sequencer-revenue buyback since Feb 2026 (~9M OP repurchased as of 2026-08-06) is Foundation-administered, does not mandate burn, purchased OP held in Collective treasury — strict-criterion fail defensible; near-miss review recommended at next recheck"
  ],
  "exercisability": {
    "control_cost_usd": 16596495,
    "control_cost_pct_mcap": 0.0554,
    "control_path": "purchase",
    "control_stack": "snapshot_offchain",
    "capture_feasibility": 42,
    "hard_flow_ratio": 0.0,
    "exit_premium": null
  },
  "anti_capture_flag": "none",
  "methodology": {
    "name": "Probity Institute GSA Methodology",
    "version": "0.1-frozen",
    "license": "CC-BY-4.0",
    "note": "A GSA score is a verified statement that specific governance rights are enforced by a specific smart contract at a specific block. Not a security rating, not investment advice, not a statement about team quality."
  },
  "source_dataset": {
    "file": "rights30.json",
    "sha256": "cdc9d1ac2afdb5126a10e541fdafb5eb5f5e6ef13719894a4d3b131297b6c433"
  },
  "links": {
    "token_page": "/tokens/optimism.html",
    "matrix": "/rights30.html"
  },
  "freshness": {
    "as_of": "2026-10-01",
    "days_since_as_of": 28,
    "cycle": "quarterly",
    "next_review_due": "2027-01-01",
    "days_to_next_review": 64,
    "cycle_state": "current",
    "event_watch": false,
    "post_as_of_events": 0,
    "pre_as_of_events": 0,
    "max_event_impact": null,
    "events": []
  }
}