Week of October 7th, 2024
Recent Proposals
No live Proposals
Forum Highlights
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The Superchain Product Vision outlines Optimism’s strategic direction to scale Ethereum technology through a decentralized network of interconnected chains, each governed under Optimism. The vision emphasizes the importance of standardization, ensuring decentralization and composability at scale, where chains can benefit from collective upgrades and security measures while maintaining unique customizable features. Initially comprising 15-50 chains that operate cohesively, the Superchain aims to expand beyond 1000, offering seamless user experiences with sub-second transaction speeds. Governance plays a critical role in maintaining security, democratic decision-making, promoting sustainable economic growth, and preventing exploitative business models. The document highlights a collaborative approach, inviting feedback and reviews to fine-tune the vision over time.
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Announcing Super Contributor Cohort 0
Superchain Eco has launched the Super Contributor Cohort 0 after their Mission Request was approved. This new initiative is a six-week co-learning program designed for Superchain contributors, aiming to equip both new and existing members of the Optimism Collective with essential skills and insights to excel as contributors. The program includes the Optimism Contributor Essentials MOOC, weekly meetings, onchain exercises, and a special meetup in Bangkok. Interested parties can find the full program details on their blog and complete the application form online. Superchain Eco encourages sharing this opportunity with colleagues and friends interested in contributing to onchain organizations.
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[Mission Request] Increase Prevalence of Non-USD/EURO Stablecoins
The forum post discusses a mission request aimed at increasing the liquidity of non-USD and non-EURO stablecoins on the OP Mainnet. The initiative targets projects intending to enhance liquidity or develop new fiat-pegged stablecoins, specifying a total grant of 15k with potential distribution among multiple applicants. The primary goal is to address the lack of local stablecoins for applications in regions outside the US and Europe, such as ticketing and payments apps. Execution requirements include the provision of incentives for stablecoins pegged to currencies like the Mexican Peso, Thai Baht, or South African Rand. Success will be measured by milestones like deployment and usage on the Mainnet, as well as metrics including the total value locked (TVL) and stablecoin liquidity and usage activity.
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Mid-Season 6 Grants Council Report
The “Mid-Season 6 Grants Council Report” outlines the progress and key statistics of the Grants Council during Season 6. A total of 222 applications have been submitted, with 53 grants and 9 Superchain grants receiving approval. Over 170 applications cleared the initial review stage, assessed by at least six reviewers. Additionally, 47 mission requests were evaluated, with 32 created by the Grants Council. The report provides a detailed breakdown by review cycles: Cycle 25 processed 60 applications, approving 15; Cycle 26 received 70, approving 17; Cycle 27 had 53, approving 12; and Cycle 28 received 50 applications, 9 of which have been approved with 2 pending. Throughout this period, a subcommittee reviewed 148 completed projects, reporting back to The Foundation.
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RF6 Season 5 Grants Council Report
The RF6 Season 5 Grants Council Report highlights the achievements and activities of the Grants Council. The key points include receiving over 530 applications, approving 128 grants, and endorsing 5 smart contract audit services. Out of the total applications, more than 200 cleared the preliminary review phase. The Council was actively involved in over half of the 74 mission requests and granted approvals for over 42% of the 269 mission request approvals, achieving a high Net Promoter Score of 9/10 from finalists. The breakdown by cycles details that Cycle 19 saw 314 applications with 40 approvals, while Cycle 22 had 234 applications with 88 approvals. Overall, these efforts reflect the Council’s robust engagement and effectiveness in promoting and supporting grant applications.
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In the Cycle 28 Grants Final Roundup, it’s announced that all scheduled milestones have been completed on time, despite simultaneous management of Retro Funding votes. Out of 53 total applications, 32 passed the final review with eight approved, including Mint Blockchain, which received a Superchain grant. Highlights looking forward include an approved mission request open for applications, marking the full allocation of the season’s budget and concluding further requests. Gratitude is expressed to the Foundation OPs Team and the Govnerds for their pivotal support during the process. A comprehensive listing of applications along with their resolutions is also provided.
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Impact Garden - Enhancing data driven Impact Evaluation
Impact Garden is a new initiative launched by Metrics Garden to enhance data-driven impact evaluation for contributions to the Optimism Collective. By providing reputable, standardized onchain data, Impact Garden aims to create new impact metrics that can guide funding decisions in RetroRounds. The platform supports various projects eligible for review and allows users to analyze qualitative data to inform their votes. With a focus on reputation and mitigating sybil attacks, the initiative seeks to understand the influence of both open-source and non-open-source contributions on the Collective’s growth. Looking ahead, the plan includes developing an API and dashboard for improved data accessibility and analysis, alongside exploring long-term sustainability through the Octant Accelerator program.
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Retro Funding 6: Impact Attestation experiment
In the latest update from the Retro Funding initiative, Optimism Collective is piloting an Impact Attestation experiment for Retro Funding 6. This initiative aims to bolster decision-making processes by allowing badgeholders to access third-party data on the impact of Governance Infrastructure and Tooling projects. Between October 14th and 23rd, delegates and citizens will issue attestations, contributing to a repository of standardized, credible impact data. Key experiment components include leveraging Farcaster for reputation verification and using a standardized qualitative assessment framework. This effort not only enhances data-driven governance but also paves the way for more transparent and effective funding allocations in the future.
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The forum post discusses the new Voting UX for Retro Funding 5 by the Optimism Foundation, aimed at streamlining the decision-making process for badgeholders. With significant revisions from previous rounds, the process now focuses on a reduced number of review projects by organizing them into subcategories, allowing badgeholders to evaluate similar projects, thereby enhancing comparison and reducing cognitive load. Introduced features include an impact scoring system and opinionated allocation methods to assist in ranking projects more effectively. Badgeholders now initially vote on budgets and are guided through scoring projects, leading to a more structured ballot allocation. The changes aim to facilitate better focus and decision-making, ultimately, boosting the confidence in voting outcomes. Reflecting on these enhancements, the post emphasizes a positive shift towards a more dynamic and user-centered voting process.
Stakeholder News
- Stablelab Delegate Communication Thread
- CYBER Delegate Communication thread
- GFX Delegate Communication thread
- L2Beat delegate communication thread
- OPMichael delegate communication thread
(Only delegate communications made within the past 7 days are listed, the list is not ordered according to voting weight)
Upcoming Events
Upcoming Votes
0 Proposals live at the time of writing this report, no upcoming proposals detected