Week of August 22, 2022
Summary
Season 1 has ended, and the reflection period is over. Welcome to Voting Cycle #5, which began on August 25 and runs through September 7 (7PM GMT). This is a special, two-week cycle dedicated to proposals meant to improve Optimism governance processes.
Proposals
We have five proposals up for voting, each one for a Governance Committee (the purposes of which are described in full here):
- @katie’s proposal for a DeFi committee
- @Gonna.eth’s Committee Proposal for DeFi
- @MoneyManDoug’s proposal for a DeFi committee
- @Krzkaczor’s proposal for a tooling committee
- @jrocki.bedrock’s proposal for an NFT & gaming committee
Up to four committees will be approved for Voting Cycle #6. Committee proposals must first reach quorum, and then be approved by majority vote; the top four proposals that have met these thresholds will be implemented for the next cycle. Keep in mind that this could mean that fewer than four committees will be in place.
Vote now! (on Snapshot or on Boardroom)
Season 2: Voting Cycle #6 begins on September 8 (7PM GMT) and will run for three weeks until September 28 (7PM GMT). The revised Operating Manual will go into effect with this Cycle; read through it carefully and take note of changes.
Provide your feedback on Governance Fund proposals being drafted for Cycle #6.
In Discord
There’s a new gov-temp-check channel with a bot that makes it easy to post your proposal for a temp-check.
Should delegates vote for themselves? @millie asks whether delegates who are on the proposed committees above should be voting for themselves—with all the voting power delegated to them.
In the Forums
What about the self-delegation of tokens received in grants? @AxlVaz raises important questions (some of which were previously raised) about a recent case of self-delegation, and the discussion that follows reveals different stances about how a governance token like $OP should (and shouldn’t) be used. The revised grant proposal template, which is now in effect, states that “the expectation is that token grants will not be self-delegated for use in governance”; but if you plan to self-delegate, “this should be made clear in your grant proposal along with your reasoning.”
Debate on the potential effect and utility of governance committees continues. The committees are an experiment for Season 2, at which point they will be re-evaluated.
On Twitter
The Optimism Foundation took stock: Check out the OP Summer thread here, read the summary, and examine the dashboard of ecosystem programs funded so far.
Governance Calls
Calls are held bi-weekly. Put them on your calendar.
Join the next call, on Tuesday, August 30 (5PM GMT).
Quick Gov Links: Working Constitution | Operating Manual v0.2 | Proposal template | Delegates | Snapshot | Optimism on Boardroom