TL;DR Major Governance Overhaul: Optimism is launching Season 8 on August 1 with a revamped governance model focused on decentralization and inclusivity. Multi-Stakeholder Voting: The update replaces traditional token-weighted voting with a system that empowers tokenholders, end-users, apps, and chains, ensuring a broader representation in decision-making. Streamlined Approval Process: A new “optimistic approval process” automatically.
source: https://crypto-economy.com/optimism-reinvents-governance-with-season-8-a-bold-leap-for-ethereum-l2/