Week of Monday October 21st, 2024
Recent Proposals
- Season 6: Standard Rollup Charter Ratification
- Summary: The proposal for the Season 6 Standard Rollup Charter ratification introduces the Optimism Collective’s flagship high-security blockspace product, designed to uphold the highest standards of security, uptime, and decentralization. This Charter effectively applies the Law of Chains principles to the Standard Rollups without altering the foundational Law itself, ensuring any conflicts are resolved in favor of the Law of Chains. Optimism Governance is tasked with maintaining these standards while fostering the development of sustainable ecosystems. Should this proposal be adopted, the Standard Rollup Charter will be integrated into the Operating Manual on GitHub, and the Upgrade Proposal Template will be updated to a charter-aware version. The proposal is open for voting in Cycle #29.
- Proposer: Optimism Foundation
- Status: Voting in progress
- Governor Update Proposal #3: Enable Onchain Treasury Execution
- Summary: The proposal “Governor Update Proposal #3: Enable Onchain Treasury Execution” seeks to enhance the governance process by allowing OP token transfer proposals to be executed automatically onchain, thereby reducing reliance on the Optimism Foundation. This upgrade will apply only to treasury proposals, while protocol and governor upgrades will maintain their existing processes. It incorporates minor patches from previous audits to ensure system integrity. If approved, the Optimism Foundation will implement the new governor proxy at the specified address, commencing from Voting Cycle #29 and subject to a veto period in the Citizens’ House.
- Proposer: Optimism Foundation
- Status: Voting in progress
Forum Highlights
-
Pairwise: RF6’s Voting Tool & Liquid Democracy Experiment
Pairwise has introduced a new voting tool for Retro Funding 6, designed to enhance user experience with a fun and simple interface. The tool supports badgeholders and guest voters in creating their ballots and introduces an experimental liquid democracy methodology to engage the broader community. Pairwise employs an open-source approach, allowing voters to rate projects and choose between two options to form an ordered list, easing the voting process. This initiative also includes the community in experimenting with liquid democracy, aiming for a future of decentralized, pseudonymous governance.
-
Analysis of Voting Data for Retro Funding 5
In a recent forum post, Carl from OSO shared insights from the team’s analysis of voting data for Retro Funding Round 5. The post highlights a notably flat reward distribution, with the top project receiving 235K OP and even the lowest-ranked project garnering more funding than most in the previous round. This pattern emerged as voters favored flat distributions, raising questions about the desirability of power law distributions where a few projects dominate funding. The analysis also noted differences in voting patterns between experts and non-experts, underlining the need to consider voter composition in future rounds. The report includes data visualizations and invites readers to explore the detailed methods used in the analysis. Carl will further discuss these findings at an upcoming RF retro workshop.
-
The Collective Feedback Commission: The Next Iteration
The forum post discusses the continuation and evolution of the Collective Feedback Commission (CFC), initially piloted during Season 5 to eventually enable metagovernance within the Optimism Collective. The CFC is designed to serve as a core governance training ground, gradually introducing governance responsibilities to the community. The next iteration will begin on November 4th, allowing participants some degree of influence over governance design and decision-making. The discussion outlines the structure, goals, and responsibilities of this upcoming phase, emphasizing gradual member empowerment and strategic process refinement. Though the commission’s open contribution path is postponed for further development, various tracks will engage members based on their expertise, with a focus on collaborative governance process enhancement. The commission will allocate 100,000 OP tokens as rewards and will implement a participant feedback mechanism to inform future iterations.
-
Governor Update Proposal #3: Enable onchain treasury execution
Agora introduces Governor Update Proposal #3, which aims to enable the automatic onchain execution of OP token transfer proposals, moving away from the current manual execution by the Optimism Foundation. This upgrade is aligned with Optimism’s progressive decentralization objectives, adhering to the strategies outlined in their Working Constitution and Long-term Onchain Governance Architecture. The proposal includes patches from a previous audit and involves changes to several contracts to support treasury execution directly onchain. If the proposal passes, an initial dry run will be conducted before fully implementing the new system, marking a significant step towards decentralized governance for the Optimism ecosystem.
-
The post titled “Cycle 29 preliminary roundup” announces that Cycle 29 applications have been evaluated by an initial reviewer, moving to a final review stage with five additional reviewers and input from the Developer Advisory Board. Out of 55 applications, 39 advanced past the preliminary review. Key projects moving forward include OP Collective Governance Program, Idle - Credit Vaults III, and Delphi Creative Consulting. The post also reminds participants to provide additional comments by Monday and notes that communications are now under @Jrocki, with increased interactions expected on the platform’s X and Farcaster accounts. Submissions for the next cycle remain open until November 6th.
-
Reallocating Pre-Approved And Unused Grants - Rubicon Phase 0 + Phase 1
A recent proposal suggests the reallocation of approximately 110,000 unused OP tokens to the Rubicon Grants Fund to support further development of the Rubicon protocol. This includes 60,000 OP from discontinued Phase 1 allocations for Rubicon Pools V2, and over 50,000 OP from unclaimed rewards during an early user airdrop. The reallocation aims to maximize token utility, aid developers through the active Rubicon Grants Program, and expedite the launch of the RUBI governance token, designed to benefit active Optimism users. This move is intended to repurpose these idle tokens effectively, while building on Rubicon’s proven track record with substantial contributions to the Optimism ecosystem
-
Situation of Non-technical applications and Mission Requests
The forum post discusses the challenges faced by non-technical applications in the grant approval process of the Grants Council. It highlights the discrepancies in how technical and non-technical mission requests are evaluated, noting that technical rubrics often disadvantage non-technical applications, leaving many grants unutilized. The post calls for a reconsideration of the final cutoff scoring and suggests excluding technical criteria from the evaluation of non-technical proposals. It emphasizes the need for the Grants Council to address these issues promptly, as the final cycle of applications approaches, to ensure fair opportunities for non-technical projects.
Stakeholder News
Upcoming Events
No event this week
- Office Hours - Wednesday Nov 6th- Link
Upcoming Votes
2 Proposals live at the time of writing this report, no upcoming proposals detected