Governance Update #11

Updates and Announcements 📢 Governance Updates
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Governance Update #11

The Collective has been hard at work and it’s already time for our midpoint update on the progress made towards our Decentralization Milestones!

Season 8

In Season 8, we’re focused on the below milestones or dependencies.

See Decentralization Milestones

All milestones or dependencies highlighted in yellow (and, in the case of dependencies, bolded) are focus areas for Season 8.

Technical Layer

All Milestones in Phase A are completed. The first Milestone we are gradually working towards in Phase B is:

  • Rollup Stage: Stage 1 + multiple proof systems running

  • Aligned with the Season 8 Intent, OP Labs continues to work towards Interoperability for the Superchain. However, timelines have been slightly postponed so that OP Labs can work on Interop alongside other improvements to the protocol, better supporting the Superchain’s continued growth or adoption among immediate new customers.

Economic Layer

All Milestones in Phase A are completed. We are now working to reduce the dependencies between Phase A and B, and have completed some milestones in Phase B:

Social Layer

All Milestones in Phase A are completed. We are now working to reduce the dependencies between Phase A and B.

  • Identity / Citizenship

    • We are implementing improvements to the Sybil resistance of the Citizens’ House selection criteria by leveraging a multi-layer approach that include several external Sybil detection models

  • Checks and Balances: Confidence in gridlock resistant veto mechanism

    • We updated our veto system at the start of Season 8 and are now monitoring it in action!

  • Core Development Program

  • Proposal Rights: Permissionless proposal rights w/ Foundation veto

    • The Foundation has decided to delay this workstream until important updates are made at the start of Season 9, but you can view the latest engineering spec here

  • Metagovernance: Foundation runs experiments to define and refine parameters outlined in the Operating Manual

    • The Foundation continues to iterate on governance, conducting important research workstreams that will inform Season 9, including:

      • Design of capital allocation 2.0 (similar to the update we did to refine the protocol upgrade process but for the “other half of governance”)

      • Evaluation of voting rights and joint house voting mechanisms

      • Futarchy follow-up:

        • While we successfully shipped one of the first binding decision markets in practice, we also encountered incentive alignment challenges (partially due to our own design constraints.) We’ve paused our own experimentation with futarchy while we work through the workstreams listed above, but are currently learning from continued experimentation at the Uniswap and Ethereum Foundations!

We transitioned all Council and Board terms to 12 months and made additional progress towards operational autonomy with community management of all Council and Board Operating Budgets.

This fits into the broader System Diagram as outlined below:

Vision

The entire Collective has aligned around our Collective Intent!

Economic Policy

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  • The Budget Board was responsible for the first iteration of a community-led budget process and also published an RFP to stake a portion of the Collective’s ETH by partnering with liquid staking providers

Network Operations

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  • We refined the Protocol Upgrade process to include dynamic veto rights for all of the Collective’s key stakeholders, reducing engineering timelines in the process!

  • The Developer Advisory Board has taken on a larger role in evaluating, and voting on, all protocol upgrades on behalf of the Collective

  • In the course of regular operations, we also successfully elected a new cohort to the Security Council

Who Should be a Citizen

  • We published a public definition of Citizenship, representing three key stakeholder groups - apps, users, and chains - and are making improvements to the Sybil resistance of this selection criteria

Looking Forward to Season 9!

  • The Budget Board may chose to propose a midpoint adjustment for all Council and Board Operating Budgets and will propose Mission Budgets

    • The Foundation will conduct a retrospective of the Budget Board at the end of the Reflection Period to decide if the Budget Board will continue through Season 10

  • The Foundation is working on a series of proposals for Season 9 that will bring us closer to our original four-year timeline outlined in the Working Constitution

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