Week of September 16th, 2024
Forum Highlights
-
Introducing GovGraph.fyi – Citizen Connections Visualized
GovGraph.fyi is an innovative visualization tool designed to enhance understanding and interaction within governance ecosystems, with a specific focus on Optimism’s ecosystem. It features interactive relationship mapping, advanced filtering and search capabilities, and transparency enhancement tools to identify alliances, conflicts of interest, and influence clusters. The development team is seeking feedback from citizens and stakeholders to refine the tool. Users are encouraged to explore GovGraph, provide feedback, and suggest new features. This project, a collaborative effort from experts in reputation systems and governance analytics, aims to foster a more efficient and transparent governance ecosystem. For more details, visit the GovGraph website.
-
The fourth GovNFT Community Call focused on guest voter participation in Retro Funding 6, with discussions led by Emily. The call covered the process of selecting guest voters randomly and encouraged participants to share their thoughts on how these voters might differ in their voting compared to Badgeholders, particularly since Round 6 will focus on Governance projects. Michael emphasized that thoughtful responses are valued and provided links to additional information and previous discussions on guest voter participation.
-
Accelerated Decentralization Proposal For Optimism
The proposal by GFX Labs outlines a three-phase plan to accelerate the decentralization of Optimism’s governance, aiming for completion by summer 2025. It highlights the current limitations of the OP token and Optimism governance, contrasting it with its main competitor, Arbitrum. The proposal argues for an immediate transfer of control over the OP token contract, governance contract, and governance funds in Phase I, followed by the handover of essential infrastructure and the development of a sequencer decentralization roadmap in Phase II. Phase III targets full technical control by Optimism governance, finalizing sequencer decentralization, and ensuring transparency in Foundation grants. The goal is to rejuvenate Optimism’s governance and business strategy, positioning it for sustainable growth and value creation for stakeholders.
-
[Mission Request] Targeted extension of Superfest
Jack Anorak proposes a mission to extend Superfest, aimed at migrating more projects onto Superchain. Despite initial implementation issues, Superfest effectively encouraged project migration. The mission resembles previous Growth Experiments grants, emphasizing DeFi projects. A grant of 400k OP is proposed, targeting multiple applicants including new and existing OP Mainnet-DeFi projects. Key requirements include a growth theory, user impact expectations, and meaningful product value additions. Metrics for success include TVL during and post-incentive programs, first-time wallet onboarding, and the number of new DeFi projects attracted.
-
In the final roundup for Cycle 27 grants, all applications were successfully reviewed despite the additional workload. Out of 53 applications, 16 were approved, with notable recipients including Base, Mode, Swan, Cyber, and Redstone securing Superchain grants. The Developer Advisory Board (DAB) played a crucial role with their insightful feedback. Looking ahead, Cycle 28 has opened for submissions, which are due by Tuesday, 24th at 19:00 GMT. New Mission Requests that reached quorum are live, and a new whitelisting process for auditors will be announced soon. Applicants are encouraged to review feedback from previous cycles and strive to meet the 40-point threshold for consideration. Detailed information and resources for finalists are available through provided links.
-
Pairwise in Retro Funding 5: Your Voting Tool
In the forum post titled “Pairwise in Retro Funding 5: Your Voting Tool,” users are introduced to the Pairwise voting dApp, designed to simplify the RF5 voting process by allowing comparisons between two options. This tool is user-friendly and open-source, converting subjective inputs into measurable results, thereby reducing the cognitive burden of voting. A new feature, star ratings, has been introduced to categorize projects based on their impact, ranging from high to no impact. This star system is optional but recommended for refining project rankings, making it easier to unlock ballots. The process involves navigating to Pairwise, ranking projects using the star system, and finally unlocking the ballot for final adjustments before casting a vote. The post encourages user feedback to improve the experience.
-
Retro Funding 6: Governance - Round details
The forum post on “Retro Funding 6: Governance” outlines the details of the sixth round of Retroactive Public Goods Funding for the Optimism governance system. This round aims to reward contributions made between October 2023 and September 18, 2024, in governance infrastructure, analytics, and leadership. Key dates include the sign-up period from September 26 to October 10, application reviews from October 14 to 28, voting from October 28 to November 7, and results announcement on November 19. Eligible contributions span various categories, including technical tools for governance, governance analytics, and leadership roles within the community. The funding round will allocate between 1.1 million and 3.5 million OP tokens, based on votes from the community, who will decide the final allocation amount via a median voting process. The voting design and process improvements aim to enhance community-driven budget allocation, and grants will be streamed to recipients over 100 days pending KYC approval.
-
Badgeholder Onchain Analysis Report
The “Optimism Badgeholder On-Chain Analysis Report” examines the activities and influence of Badgeholders within the Optimism Collective. Badgeholders, crucial for voting on governance and Retro Funding distribution, display higher engagement in other DAOs, NFT creation, and smart contract deployment compared to typical active OP users. The study reveals their significant role in various governance activities across multiple chains, including higher participation in prominent DAOs and social apps like Farcaster. The findings, sourced from 132 Badgeholder addresses and a representative control group, aim to inform future Retro Funding rounds and enhance the transparency and effectiveness of governance within the Optimism Collective.
-
[Mission Request] Subsidized Audit Grants V2
The “Subsidized Audit Grants V2” mission request aims to repurpose and extend the budget from previous initiatives to provide subsidized audits for promising projects within the Optimism ecosystem. The proposal outlines a streamlined process for audits, eliminating pre-approved budgets and allowing whitelisted auditors to apply directly for funds. By supporting the auditing costs of new projects, this initiative intends to foster sustainable growth and increase the number of active developers in the Optimism Collective. Key metrics for evaluating success include the number of active addresses interacting with audited contracts, usage data of funded projects, and overall impact on the ecosystem’s developer community. The mission requests a total of 500,000 OP, equally split between repurposed funds and new allocation, to support this goal.
-
EVENT: Optimism Retro Funding – Voting Design Evaluation
The forum post announces a workshop for Optimism Retro Funding on September 23, 2024, to evaluate and improve the voting designs of past funding rounds. The GovXS team has developed a new evaluation framework grounded in social choice theory to assess voting designs across six dimensions: resistance to malicious behavior, incentive compatibility, simplicity, majority and diversity representation, incentives alignment, and alignment with ground truth. The workshop will guide attendees through this framework and provide data-driven proposals for future improvements. The session is open to Optimism Badgeholders, GovNERDS, guest voters, and members of the Optimism Collective, with the participation of researchers from the GovXS team.
-
[Mission Request] - Experimentation of Infrastructure Subsidies
This request proposes subsidizing infrastructure providers like RPCs, oracles, and web3 alert services to aid builders on Optimism. Each provider can apply for up to 30k OP, with a total grant amount of 250k OP. The mission’s goal is to evaluate the impact of these subsidies, aiming to support new and existing protocols on Optimism, thereby lowering entry barriers, improving application performance, and encouraging service optimization for the Optimism ecosystem. Metrics for success include increased developer activity, onboarding of new services, and cost reduction for developers. The proposal is in draft mode, awaiting comments from additional delegates.
-
[Mission Request] Decentralized Solvers and Aggregators on OP Mainnet / Superchain
The forum post discusses a mission request aimed at incentivizing the development and integration of decentralized solvers, aggregators, and limit order functionality on Optimism Mainnet and the Superchain. The mission targets projects like CowSwap, 1inch Fusion, and Pyth Express Relay, aiming to enhance trading efficiency, user experience, and overall liquidity on the network. It proposes a total grant amount of 250k OP and outlines key requirements such as integration with OP Mainnet, development of user-frontends, and support for Superchain compatibility. Metrics for success include increased trading volume, unique users, and improved capital efficiency. The mission seeks multiple applicants and highlights the involvement of contributors like Synthetix and Pyth.
-
[Mission Request] - Crosschain alert monitoring
A delegate has submitted a mission request to develop alert and monitoring tools for crosschain messaging in the Optimism network. Noting the importance for products requiring high functionality, security, and user experience, the proposal aligns with Season 6 Intent 42. The suggested tools aim to monitor and report interoperability issues, like message delays or failures, and track core metrics such as latency and gas usage, thereby facilitating seamless crosschain operations. The total requested grant amount is 60k OP, and the mission might be fulfilled by up to two applicants. The proposal underscores the need for robust tooling to advance developer confidence and foster crosschain projects within the Superchain ecosystem.
-
In a recent forum post, a delegate proposed an automated grants system for Optimism’s Season 6, Cycle 27. The mission aims to streamline the grant access process for builders, offering grants as streams and payouts upon meeting specific criteria. The total grant requested for this mission is 80k OP, with the goal of furthering decentralization within the DAO infrastructure. The proposal outlines the required milestones, metrics, and impact assessments for governance participants to evaluate the mission’s success. This initiative seeks one applicant to execute the mission, contributing significantly to Optimism’s strategic intent for the season.
Upcoming Votes
0 Proposals live at the time of writing this report, no upcoming proposals detected