8 Polls Closing May 29, 2024
Season 6: Intent Budgets
Summary: This would approve the following budgets for Season 6 Intents:
Intent 1: 500k OP
Intent 3A: 6M OP for grants supporting OP Mainnet
Intent 3B: 12M OP for chain-specific grant programs supporting the Superchain (to be run by these Chains).
Recommendation: Vote Yes. This represents some significant shifts in funding from prior seasons, with increases across Intent 3. Other Intents are not the focus – much of Intent 1 (technical decentralization) will not be supported until better communications with the core developer team can ensure compatibility with efforts under Intent 1. Intent 2 will be handled separately. Intent 4 (governance accessibility) is not proposed to be funded this Season (see vote on Season 6 Intents).
Season 6: Grants Council Operating Budget
Summary: This would approve 610,000 OP for the Grants Council operating budget. This largely pays for 12 reviewers, a council lead, and 40,000 OP for small grants/bounties at the discretion of the Grants Council that are related to its operating needs.
Recommendation: Vote Yes. Disclosure: GFX Labs provided feedback on early drafts of this proposal.
Season 6: Developer Advisory Board Renewal
Summary: This would approve the renewal of the Developer Advisory Board. Two possible budgets are being presented to OP holders:
90,000 OP
122,000 OP
Recommendation: Vote Yes (90,000 OP). We feel 90,000 OP, which is more than a 20% increase in tokens from Season 5.
Season 6: Intents Ratification
Summary: This would approve Intents 1, 2, and 3 for Season 6. Full details can be found here.
Recommendation: Vote Yes. These Intents focus largely on growth initiatives, and a considerably expanded budget to do so. This is the primary need of Optimism at the moment, and makes sense to focus on for this season of grants.
Season 6: Code of Conduct Council Renewal
Summary: This would approve the renewal of the Code of Conduct Council, with a budget of 55,000 OP.
Recommendation: Vote No. The council operated with a budget of 18,000 OP last season. The nature of its work means most of the time there are few tasks for the council to do. Because of this, payment is mostly a retainer, and not intended to be compensation for large amounts of work.
Governor Update Proposal #2: Improvements to Advanced Delegation Allowance Calculations
Summary: This would correct an issue where some delegates may have received less voting power than they should have under the partial delegation system. This code has been audited by Open Zeppelin and does not put user funds at risk. Full details here.
Recommendation: Vote Yes. This is a fix for a possible issue where delegates’ voting power could be undercounted in certain edge cases. It also introduces new possible capabilities around sub-delegation.
Protocol Upgrade #8: Changes for Stage 1 Decentralization
Summary: This would raise the Security Council signing threshold from 4/13 to 10/13. It would make the Security Council the new guardian role, and the Foundation demoted to a deputy guardian role. The L2ProxyAdmin will also be handed over to the Security Council from the Foundation. More details here. Github repo here.
Recommendation: Vote Yes. This is an important step towards technical decentralization of the protocol. It’s a small step, but still an important one. This change was driven by a need to attain “Stage 1 Rollup” designation from the watchdog group, L2Beat.
Protocol Upgrade #7: Fault Proofs
Summary: This would introduce fault proofs. Full details can be found here. Sherlock bug hunt report can be found here.
Recommendation: Vote Yes. Providing the ability to permissionlessly remove assets from the chain dramatically improves the trust assumptions that Optimism users must operate under.