Community Calls - Biweekly Recap - Season 7

Updates and Announcements 📢 Community Calls
4

Token House Community Call [March 11th 19:00 UTC]

→ Here the call recording :point_left:

→ Here the PPT slides :point_left:

:rotating_light: Announcements

:star2: Allow the Optimism Foundation to Stake a Portion of Sequencer ETH Through Season 8

  • Citizens House proposal to allow Optimism Foundation to stake portion of sequencer ETH through season 8.
  • Foundation’s guardian actions to be restricted to only essential safety-critical actions like pausing withdrawals.
  • Proposal to stake 20% of ETH with Bitgo Custody. If approved, this proposal will also allow the Foundation to stake additional 20% with Kraken and 20% Coinbase.
  • If this is approved, we would only be staking this until December 2025, and then we would have to re-vote in order to keep it staked in the same way.
  • There is agreement about the importance of using DeFi staking solutions, but that will require to set up new structures. Current proposal is to move forward with staking the ETH using the current structures we have in place to start generating yield for the Collective immediately (aprox 2 million in opportunity cost)
  • Long-term goal to transfer ETH management to DAO through public RFP process

:robot: Upgrade Proposal #13: OPCM and Incident Response improvements

  • New upgrade process aims to unify contract versions across different op chains in the superchain.
  • Proposed changes are internal and will not impact user interface or experience.
  • Upcoming upgrade will invalidate all existing withdrawals, requiring extensive communication.
  • Token upgrades planned for March-April 2025; delegates invited to forum for upgrade feedback in the forum post.

:bar_chart: Experimenting with Futarchy for Optimism Grant Allocation Decisions

  • Futarchy experiment launched to test market-driven decision-making for predicting superchain project growth.
  • Only top five projects will continue in markets with 100K OP grant for user incentives.
  • June 12th set as resolution period for calculating final prediction scores
  • Play token allocation depends on participant qualifications and attestations.
  • Participants can use the same tokens worth of predictions per individual market (eg. 500 PLAY tokens per project).
  • Only top five projects’ predictions will count towards final scoring and leaderboard
  • @Salman highlights risk of experiment becoming a popularity contest without visible proposals links in the UI design.
  • Transactions on Unichain involve minimal gas fees, less than one cent per transaction.
  • Here more info about Butter and the overview.
  • Further questions can be directed to Op Futarchy Experiment Telegram channel
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