Week of November 4th, 2024
Forum Highlights
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Retroactive Public Goods Funding: Lessons learned
The forum post reflects two years of Retroactive Public Goods Funding (RPGF), the key lessons and insights gained over several funding rounds are discussed. Early efforts in 2023 involved extensive community voting, which devolved into popularity contests, and slow annual feedback loops. By 2024, experiments with expertise-based and metrics-based voting began, highlighting that each method had its strengths and weaknesses. The challenges of measuring success became apparent, urging a shift towards a balanced approach where data-driven metrics are combined with expert evaluations. The aim is to refine funding processes to ensure better outcomes in 2025 by streamlining focus areas, increasing iteration speed, and optimizing the use of data and human judgment to make impactful funding decisions. The overarching goal remains ambitious—developing predictive models to guide economic policies and enhance the effectiveness of public goods funding.
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Retro Funding 6: Bribery Policy
The forum post discusses the Anti-Bribery Policy for Retro Funding Round 6 within the Optimism Collective. This policy seeks to minimize self-dealing by optimizing incentive structures and introducing additional measures if necessary. The process for reporting bribery requires multiple independent reports for validation, aiming to mitigate false claims. Enforcement actions, such as barring implicated badgeholders or projects from participating in the round, are subject to approval by the Citizens’ House. The policy underlines the evolving governance framework, where future decisions about eligibility will be influenced by established Citizenship Criteria. This structured approach underscores a commitment to transparency and fairness in governance processes.
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GovNFT Incentives Final Results
The GovNFT Incentives program has announced its final results, celebrating the successful participation of numerous contributors. Following a meticulous on-chain and forum verification process, the winners of the program are acknowledged, with “andrewsuniverseL2” leading the list, having received 3898.05 OP tokens. The rewards, in the form of GovNFTs, will be dispatched to participants’ registered addresses, with flexibility offered for address updates via a direct message within the next 48 hours. Participants are reminded to delegate their received NFTs. Congratulations are extended to all, with a hopeful nod towards continued engagement in Optimism governance. – Michael
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GovNFT Incentive Program Retrospective
The post details the conclusion and outcomes of a pilot initiative focused on enhancing participation within Optimism Governance through GovNFTs, a novel tool by Velodrome. This program involved participants selecting delegates for their GovNFTs, which control vesting amounts of OP tokens. Successful elements of the program included the delegation of a substantial OP amount and active discourse among recipients. However, challenges like insufficient delegation due to communication gaps and instances of low-quality participation were noted. Despite these hurdles, the program is deemed a moderate success, offering valuable insights for future iterations. The program’s metrics are transparently available on the Dune dashboard for further analysis.
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Grants Council Cycle 29 results are out, with noteworthy achievements including a record 12 approved applications and the addition of Chainsecurity and OpenZeppelin as whitelisted Audit Service Providers. Key statistics reveal that out of 55 total applications, 29 passed the final review. Special recognition is given to Kroma, Derive, and Polynomial for securing Superchain grants. Looking ahead, the final cycle of Season 6 is underway, with submissions closing on November 5. The Grants Council is also preparing for Retro Funding 6 and continued progress on grant milestones. The post details various application resolutions, highlighting successful approvals for initiatives like Syntra and Pyth Network, while others, such as the OP Collective Governance Program, faced declines.
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The Voting Cycle Roundup #30 for Season 6 outlines the upcoming voting procedures and timelines within the Optimism Collective. Cycle #30 begins on October 31st and concludes on November 20th, with delegate voting weights being captured at the start. Voting occurs on November 14th, while a subsequent Citizens’ House veto period runs from November 21st to 27th, ensuring checks and balances in the decision-making process. This framework allows for a democratic approach in governing protocol upgrades through structured participation and feedback mechanisms.
Stakeholder News
(No new delegate threads apart from the above in 10 Days)
Upcoming Events
1 Event mentioned, Office Hours on Nov 20th. Here is the link to the Event
Upcoming Votes
0 Proposals live at the time of writing this report, no upcoming proposals detected