Allow the Optimism Foundation to Stake a Portion of Sequencer ETH Through Season 8

The Foundation would like to stake a portion of the Sequencer ETH accruing to the Collective treasury on behalf of the Collective (full proposal details here.) This vote is subject to Citizen approval as Sequencer ETH currently accrues to the Retro Fund, by default.

This proposal would enable the Foundation to stake up to 60% of the sequencer ETH, or 6195 ETH, across three custodians in 2025. The total result would be 60% of sequencer ETH staked (6,195 ETH) across three custodians.

Upon approval of this proposal, an initial 20%, or 2,065 ETH, will be staked with BitGo within 10 days of approval. The remaining 40% will be staked once onboarded to additional providers (Coinbase and Kraken.)

This proposal would be in effect until the end of Season 8 (Dec 2025), when it would need to be renewed. At this point, it is likely that the community can more fully manage this process and may update it to include DeFi native staking protocols, which is not currently possible.

This proposal is eligible for Voting Cycle #34