Week of December 2nd, 2024
Recent Proposals
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Onchain Treasury Transfer Test
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Summary: The proposal introduces a test vote for conducting future onchain treasury transfers within the Optimism ecosystem. This test involves transferring a nominal amount of OP tokens to a designated address, aimed at validating new transfer mechanics outlined in Governor Update #3. If successful, it will pave the way for fully onchain execution of OP token transfers during special voting cycle #31a. This test vote requires a reduced quorum of 4.5 million OP and runs for six days in an off-cycle period to ensure a seamless transition.
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Proposer: Optimism Foundation
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Status: Voting in progress
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Forum Highlights
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Season 7 Anticapture Commission Charter Amendment
The forum post discusses the proposed amendment to the Anticapture Commission Charter for Season 7 within the Optimism Governance framework. Originally established in Season 5, the Anticapture Commission aims to prevent the capture of power within the Optimism Collective by representing key delegates’ interests. The proposal seeks to renew the commission’s charter into Season 7 and 8, granting it 10M OP from the Governance Fund. Key responsibilities of the Commission include identifying potential captures, voting on proposals, and acting as a communication bridge between governance structures. The charter outlines a structured governance model with high-impact delegates and operational guidelines, though it operates without a formal budget. The commission’s effectiveness relies on member participation and periodic renewal of its mandate.
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Special Voting Cycle Roundup #31a
In the latest forum post titled “Special Voting Cycle Roundup #31a,” the discussion centers around the proposal for dissolving the Code of Conduct Council. Despite its achievements in previous seasons, the Foundation proposes this dissolution for strategic reasons. The proposal has garnered four approvals from top delegates, crucial for advancing governance changes. The post reflects on the importance of this council’s contributions, while aiming to streamline governance efficiency further, aligning with broader meta-governance objectives in the Optimism community.
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Upgrade Proposal #11: Holocene Network Upgrade
The Holocene Network Upgrade proposal outlines significant enhancements for the OP Stack’s blockchain network. Dragan, a technical program manager at OP Labs, details three core changes: stricter Holocene block derivation, EIP-1559 configurability for gas targets, and MIPS contract upgrades. These updates aim to simplify the derivation process, improve interoperability, and allow configurable gas parameters to optimize network performance. The proposal highlights comprehensive security measures, including an internal review and differential testing between Go and Rust implementations, despite not conducting an external audit. If passed, the upgrade is scheduled for January 9, 2025, with an automatic execution plan for opting-in chains. The changes promise no downtime and emphasize strengthening the network’s fault-proof systems and security resilience.
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Grants Council Operating Budget S7 [Request for feedback]
The proposed operating budget for the Grants Council in Season 7, under the leadership of Gonna.eth, has undergone significant changes. With a reduced budget of 390,000 OP compared to Season 6’s budget, these adjustments reflect a streamlined structure that emphasizes high-impact grants aligned with Total Value Locked (TVL) metrics. Key organizational modifications include the independence of the Milestones and Metrics Committee, the dissolution of the Superchain Subcommittee, and the reassignment of audit reviews to the Developer Advisory Board. Compensation remains consistent for roles such as the Lead, Operations Specialist, and multiple grant reviewing positions, with budget reserves planned for unforeseen operational needs. Performance objectives aim to maintain a high satisfaction rate among grant finalists and achieve measurable TVL growth, ensuring the council’s effectiveness within its redefined framework.
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Season 7 Milestones and Metrics Council Operating Budget
The forum post introduces the proposed operating budget for the Season 7 Milestones and Metrics Council, led by @Juanbug_PGov, totaling 140,000 OP. This budget maintains the same cost structure per member as the previous two seasons but establishes independence with a new council in accordance with Season 7 guidance. The budget allocates funds for three Milestones and Metrics Reviewers, one Lead, and a new role for Multisig Management/Ops. Governance participants are encouraged to assess impact using User Experience KPIs and Performance KPIs, focusing on metrics like TVL growth and milestone review efficiency. This restructuring aims to enhance accountability and streamline operations within the Optimism protocol.
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Golem Foundation has unveiled Octant, a project aimed at ensuring sustainable impact funding within the Ethereum ecosystem by staking 100,000 ETH and utilizing the yield for public goods. Over the past year, it has significantly funded open-source endeavors like Protocol Guild and Tor Browser, addressing the sustainability challenges in impactful projects. Octant envisions a fair funding mechanism, leveraging substantial treasury resources to amplify impact in the web3 space. Aligned with Optimism Superchain’s ethos of equitable internet, Octant aims for collaborative efforts to bolster sustainable ecosystems through its V2 model—engaging diverse stakeholders, fostering incentives for impactful projects, and enhancing cross-chain coordination. The initiative seeks active collaboration from the Optimism Collective for sustainable evolution through integrated governance and funding strategies, promising a cooperative advancement in impact and technology domains.
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Developer Advisory Board - Season 7 Operating Budget
The forum post outlines the proposed budget and expanded responsibilities for the Developer Advisory Board (DAB) in Season 7, led by Zach Obront. The budget request has increased by 60,000 OP from the previous season, reflecting the DAB’s new duties such as managing audit programs, selecting Foundation Mission applicants, and expanding developer relations. Zach Obront is highlighted for his leadership in Season 6 and his expertise in security research within the OP ecosystem. The post also details the roles and compensation for various subcommittees and additional responsibilities within the DAB, such as the Audit Request Team, Governance Mission Team, and new roles like Mission Scouts and Interop Specialist. Performance and user experience KPIs are established to measure effectiveness, aiming to increase Mission applicants, enhance technical progress, and ensure timely protocol upgrade summaries.
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Security Council Operating Budget Season 7
In her proposal for Season 7, Alisha.eth outlines an operating budget for the Security Council totaling 295,000 OP tokens, marking a significant increase compared to the previous season’s Foundation-funded budget. As the proposed lead, she details her qualifications and past achievements in the role, directing readers to her recent nomination thread for further review. The budget framework includes payments for 13 members and one lead, with expenses covering infrastructure, experiments, and technical tools. Alisha stresses the importance of adherence to protocols and the readiness of council members to respond in emergencies, alongside well-defined performance KPIs that encompass timely protocol upgrades and the setup of emergency notification systems.
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Season 7 Milestones and Metrics Council Charter [Draft]
The “Season 7 Milestones and Metrics Council Charter [Draft]” outlines the establishment of an independent council designed to measure, evaluate, and manage grant milestones within the Optimism Collective. The draft, authored by Juanbug, details the council’s structure, goals, and responsibilities, emphasizing transparency in milestone tracking and compliance with grant policies. It introduces a governance structure comprising an elected lead and reviewers, overseeing milestone achievement and fund disbursement using a multisig wallet system. The charter also addresses protocols for normal and emergency circumstances, election and resignation processes, alongside criteria for membership. This structured charter aims to ensure accountability, efficient grant management, and alignment with the community’s vision while planning for eventual devolution of its roles to achieve governance independence.
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Season 7 Grants Council Charter [Request for Feedback]
The Season 7 Grants Council Charter is open for feedback from the community, detailing its structure and operations aimed at driving measurable growth in the Superchain’s financial metrics, such as Total Value Locked (TVL) and stablecoin assets. The charter, maintained by the Optimism Grants Council, sets the groundwork for funding allocation through a two-phase review system and emphasizes collaboration with other councils to streamline grant processes. Key roles include a Lead, Operations Specialist, and a team of GrantNerds and Final Reviewers, each with specified responsibilities to ensure effective governance, transparency, and alignment with council objectives. It outlines procedures for managing conflicts of interest, emergencies, and resignations, and stresses the importance of regular retrospectives to refine the grants system continually. The overarching goal is to gradually reduce the council’s role as governance automation advances.
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Code of Conduct Council Dissolution Proposal
The proposal suggests dissolving the Code of Conduct Council, emphasizing decentralization and reduced governance overhead. Despite the valuable contributions of Council members from previous seasons, the structure is deemed unsuitable for enforcement mandates due to potential political influences and budget dependencies. The proposal highlights the need for decentralized enforcement across multiple entities and suggests involving non-politically appointed participants for conflict resolution roles. Additionally, the proposal underlines the inherent governance complexities and aims to retain councils only for essential functions. If passed, the dissolution will override any existing operating budget and halt the Council’s operations.
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1 Proposals live at the time of writing this report, no upcoming proposals detected