Hi. There is some design documentation here
and that links to phosphor-state-manager which has a lot of the units
that kick off power and state transitions.
The op-power-start are for systems following the OpenPOWER reference
designs. The regulators are sequenced by an external microcontroller
based on the state of a POWER_ON gpio from the BMC and a return
PGOOD to indicate the state. There are also other op- prefixed units that
initiate the host processor initialization (after the units check that fans are
running as you found).
There is also a watchdog that is started when the host is started and
pinged and stopped via IPMI.
If you are prototyping for a x86 system, there are alternative
power implementations where the gpio toggles to represent a
main power button push and their start cpu sequences. I think
there are also arm systems but don't know what they are using
for host interaction.
I hope this advances your investigation and learning.
milton