[DRAFT PROPOSAL]: Moving to a Grants Council

[Gonna.eth]

@lavande

The one-year lock up on Council rewards has been removed

IMO this must be vested over a 6 to 12-month period with monthly releases. What a council member approves will directly benefit or harm his own future tokens over the next year.

@lavande

In regards to builders grants, added: “If access to upfront capital is a blocker for applicants, Optimism may put them in touch with alternative resources to support teams in this position.”

I’m trying to wrap my mind around how these OP tokens can be used for hackathons and technical content with the year lock. Can you guys express an example of what you are thinking to better understand it?

All proposals going for this fund will have to provide their own treasury and metrics on the next year’s expenses, otherwise, we will be approving teams, projects, and hackathons without knowing if they have sufficient funds to be here 1-year latter.

@lavande

Added: “There will be a multitude of other activities non-Council delegates will be responsible for in future Seasons.”

We should work on expressing these activities in advance before approving this draft. It’ll give delegates a sense of participation and legitimize the Council.

@lavande

“filter and process all grant applications. Every grant applicant should receive a response, even if their proposal will not proceed to Council review.”

I love it! I suggest council members have to ability to modify tags on proposals. As an ex-committee member I struggled with the forum coordination, I suggest:

• Enforce all new proposals to tag council members the first time they post it
• Create a “not review by council” tag
• Create a “review by council tag”

@lavande

“ensure ongoing Council operations and performance are transparent to the community”

Let’s define the official channels:

• Read-only discord channel for the council to chat and coordinate
• Forum responses

Let’s keep it simple and clear, we don’t want council members going through 3 or 5 channels of communication and missing relevant information.
Also create a Council tag on discord for any relevant meeting, kyc, or presentation they need to be aware of to be used by Optimism members.
Council call calendar and pre-define if google meet, zoom, discord etc.

Transparency with the community it’s a must but at the same time, the community should know where the council’s transparency is.

@lavande

As the Council is currently designed, there is no eligibility requirement for members to hold >0.5% voting power. Should any Council positions require >0.5% voting supply for eligibility?

I can see council leaders be >0.5% to have both Optimism governance representation, skin in the game, and give the council legitimacy.

But delegations didn’t move that much since the airdrop. We got big delegates because they are well-known people in the space, not because they made a great job at reviewing proposals or for their long and great commitment to this governance. If you want to filter candidates do it for the job they put into governance these last 2 seasons not because of how influencers they are in the space when an airdrop happens. We want good reviewers, not good politicians wasting time champagning for their delegation % instead of doing the actual job they were elected to do.