Governance Update #9
It’s been a while since our last governance update, but we wanted to bring these posts back in order to keep the Collective updated on the progress we’re making towards decentralization.
Season 6 Recap
As a reminder, in Season 6, we made important steps towards continued decentralization:
- Three out of the past six protocol upgrades were proposed by core development teams other than OP Labs.
- Multiple OP Chains are now governed by Optimism governance
- Base and Ink are now running our permissionless fault proofs
- All Security Council members are now elected
- Governance Fund proposals now execute onchain, via Governor Update #3
- The Token House ratified the Standard Blockspace Charter, taking a major step towards shared Superchain upgrades
- We onboarded first OP Chains to governance via the Chain Delegation Program
- We piloted the Collective Feedback Commission, the first step on the path to open metagovernance
- We experimented with Citizenship selection methods via guest voter experiments
- We published working models for decentralization
Season 7
In Season 7, we’re focused on the below milestones or dependencies.
Decentralization Milestones
All milestones or dependencies highlighted in yellow (and, in the case of dependencies, bolded) are focus areas for Season 7.
Technical Layer
All Milestones in Phase A are completed. The first Milestone we are gradually working towards in Phase B is:
- Stage 1 + multiple proof systems running
Economic Layer
All Milestones in Phase A are completed. We are now working to reduce the dependencies between Phase A and B:
-
Measureable & standardized ROI for grant programs
- Analysis of Season 6 Grants (analysis to be shared soon!)
- Governance Fund Success Metrics (all grants must move TVL metrics)
- Retro Funding Missions (data driven, human-in-the-loop)
-
Initial set of Superchain partners onboarded by Foundation
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More automated/scalable grant processes
-
Budgeting framework
- In preparation for Season 8 Budget Board, in collaboration with Collective Feedback Commission
-
Financial forecasting ability
- In preparation for Season 8 Budget Board, in collaboration with Collective Feedback Commission
Social Layer
A few Milestones remain to be completed in Phase A.
-
Greater than 25% tokens circulating; Cost of attack > 50M OP (target subject to change)
- Votable Supply Framework in development
- @optimistic_josiah is focused on this milestone as our Strategic Delegation Lead!
-
Foundation proposes, Citizens approve
-
Confidence in gridlock resistant veto mechanism
- @elizaoak will be conducting research on this throughout Season 7, to inform Season 8 experimentation
-
More developed Internal Dev Experience
- Work in progress
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Core dev program development
- See our public SUP Process
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Public roadmaps
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Public R&D Discord
- Up and running (Invite only)
-
Defined Optimism design process
- Work in progress
-
High context group of contributors
-
Permissionless proposal rights w/ Foundation veto
- Work in progress, draft spec here
We are also making progress towards more operational autonomy with the onchain transfer of the Governance Fund Mission to a Collective Multisig managed by the Milestone and Metrics Council as well as the onchain transfer of an Operating Budget to the Security Council.
This fits into the broader System Diagram as outlined below:
Vision
The entire Collective has aligned around one Collective Intent, with measurable Success Metrics! The way the north star is determined will continue to evolve in future Seasons.
Impact Evaluation
- Measurable Outcomes: Retro Funding is experimenting with data driven, human-in-the-loop Retro Funding MIssions
- Qualitative Outputs - The Milestones and Metrics Council will gradually take on more responsibilities in verifying outputs starting in Season 7.
Selection Mechanism
- We will experiment with alternate selection methods via our Futarchy Experiment
Who Should be a Citizen
- We will work towards Citizenship Selection via Citizenship Approach for 2025
We’ll post another update at the mid-point and end of Season 7 and are happy to join any conversations facilitated by the Anticapture Commission on our progress towards the above milestones!