Week of September 23rd, 2024
Forum Highlights
-
Joan reflects on their experiences participating in RPGF5 as a reviewer and appeals reviewer. The RPGF5 round aimed to reward contributors to the OP Stack across three categories, with voters deciding on the distribution of a 2M-8M OP token allocation. Joan highlights improvements made since RPGF4, including better clarity in review tasks and enhanced software tools like the new reviewer checklist and Charmverse’s updates. However, they also mention areas needing further enhancement, such as API access to application data and the ability to sort applications by various criteria. Joan appreciates the structured reviewer teams and communication channels, but suggests more organized issue follow-ups during software testing and clearer guidelines for applicants. Overall, Joan found this review round more productive and focused compared to previous ones.
-
GovNFT Community Call Thread 5
In the GovNFT Community Call Thread 5, Michael Vander Meiden invites GovNFT participants to continue the discussion on the “Accelerated Decentralization Proposal For Optimism” and the Foundation’s response. The community is encouraged to share insights on important topics such as the essential actions needed to achieve Stage 2 decentralization and opinions on accelerating the decentralization process. Relevant links and resources are provided, including the Foundation’s response and a framework for evaluating rollup maturity. Participation is incentivized with a points system, emphasizing thoughtful contributions. Additionally, a reminder is given that the GovNFT participation program will end on October 18th.
-
Accelerated Decentralization Proposal For Optimism
The “Accelerated Decentralization Proposal for Optimism” outlines a phased plan to transfer system powers and resources from the Optimism Foundation and OP Labs to the governance structure of the OP token. The authors argue that the governance has matured sufficiently to assume control and that the current centralization contradicts the principles of decentralization. The proposal includes three phases: Phase I focuses on immediate transfers like ownership of the OP token and governance contracts; Phase II involves essential infrastructure like the L1 Bridge Escrow and a roadmap for sequencer decentralization; and Phase III aims for full technical control and complete decentralization by mid-2025. The goal is to make OP tokenholders the primary decision-makers, eliminating the need for Foundation’s approval and increasing governance effectiveness.
-
This research analysis, conducted with the Optimism Foundation, delves into the on-chain activities of Badgeholders in the Superchain ecosystem, comparing them with Non-Badgeholders. The findings reveal that Badgeholders, despite having older accounts, show lower activity levels than Non-Badgeholders and prefer Ethereum over other chains. The analysis highlights that Badgeholders primarily engage in token transfers and a few decentralized exchanges, with more than half connected to the social platform Farcaster. The study aims to inform the Optimism Collective on enhancing Badgeholder integration and participation within the Superchain, guiding strategic decisions for community engagement and growth.
-
Zk Toolkit for ZK Application Developers: Mission updates
WakeUp Labs is developing a Zero-Knowledge (ZK) Identity Toolkit designed for developers building on the Superchain. This toolkit is focused on simplifying the integration of identity-related features using advanced ZK technology, prioritizing self-sovereign identity and privacy. By allowing developers to incorporate ZK proofs into their decentralized applications (dApps), it enhances security and trust between users and applications. WakeUp Labs, selected to lead four Optimism Missions, aims to provide individuals with full control over their identities and privacy. The project aligns with their commitment to delivering top-notch, community-endorsed products that are reusable for future Superchain projects.
-
Impact Metrics for Retro Funding 5
In a recent forum post, Open Source Observer announced its support for Retro Funding 5 (RF5) with new impact metrics focusing on GitHub contributions. These metrics aim to provide voters with valuable data alongside project self-reports. The metrics come in three types: basic GitHub stats, contributor counts, and trust-weighted metrics. The basic stats include stars and forks as of the review conclusion date, contributor counts highlight unique contributors over various periods, and trust-weighted metrics, developed in partnership with OpenRank, rank contributions by developer trustworthiness. These metrics help to better assess a project’s impact within the Optimism ecosystem. The post also provides a detailed breakdown of fields used in the analysis and advises users to consider these alongside other research when voting.
-
Retro Funding 6: Governance - Round details
Retro Funding 6 aims to reward contributions to the Optimism Governance, focusing on infrastructure, tooling, analytics, and leadership demonstrated between October 2023 and September 2024. Key dates include the signup period from September 26 to October 10, application reviews from October 14 to 28, voting from October 28 to November 7, with results announced on November 19. The governance impact evaluated spans across multiple seasons, and the round’s OP allocation will range from 1.1M to 3.5M OP, voted upon by citizens. Additionally, there will be experiments with guest voters to enhance the understanding of voter selection methods and their impact on resource allocations. Grants will be distributed through Superfluid, contingent on KYC approval, and must meet a minimum value to qualify for the streaming rewards.
-
Cycle 28 Intent 3A Mission Request and Sponsorship
In the “Cycle 28 Intent 3A Mission Request and Sponsorship” forum post, users are invited to propose mission requests for the Grants Council, with a budget of 15,000 OP remaining. The post provides a step-by-step guide for users to submit their requests: copying a provided template, creating a new post with the template filled out, adding specific tags, and marking the title for sponsorship if they are not council members. Users are then asked to link their new posts in the thread replies for consideration.
-
In the Cycle 27 grant update, it was reported that all 53 applications were reviewed successfully, with 16 being approved. Special recognition was given to Base, Mode, Swan, Cyber, and Redstone for securing Superchain grants. The Developer Advisory Board was praised for their crucial role in the review process. Looking ahead to Cycle 28, new Mission Requests that have reached quorum are now live, and the team is finalizing a new whitelisting process for auditors. The submission deadline for Cycle 28 proposals is set for Tuesday, the 24th at 19:00 GMT. Applicants are encouraged to refine their proposals based on previous feedback to meet the 40-point threshold for consideration.
-
GovNFT Governance Topic Thread 2
In the “GovNFT Governance Topic Thread 2,” Michael Vander Meiden discusses the upcoming Retro Funding Round 6, focusing on its impact on Optimism Governance. This round allocates between 1.1M OP to 3.5M OP for projects, with the exact amount determined by badgeholders or citizens. There’s also an experiment involving “guest voters.” Questions posed to participants include whether the funding should be at the maximum or minimum level and if random farcaster users should be included as voters, questioning their level of informedness compared to pre-selected badgeholders. High-quality answers can earn up to 26 points, whereas low-effort contributions won’t count towards the total points. Michael encourages participants to check their standings on the GovNFT Leaderboard.
Upcoming Votes
0 Proposals live at the time of writing this report, no upcoming proposals detected