Week of November 11th, 2024
Forum Highlights
-
91 applications were received, with 67 advancing past the preliminary stage. A proposal needs a minimum score of 30 points for the final review. Highlights include the closure of auditor whitelisting and submissions for Season 7, and the welcoming of new auditors, Code4rena/Zenith and Zellic Security. A notable tally of 28 audit requests emerged this cycle, setting a new record. Finalists are announced next week, with reminders to review feedback for further comments. The detailed database is available online for additional inquiries.
-
Collective Feedback Commission Communication Thread
The Collective Feedback Commission (CFC) Communication Thread introduces the CFC as an initiative within the Optimism governance framework to train and prepare for future metagovernance responsibilities. The CFC operates as a pilot program to help design governance systems for the Optimism Collective, with a goal to enable broader community participation in governance decisions. This next iteration of the CFC, spanning Season 7, involves members providing feedback on design drafts and engaging in governance design discussions. The commission is structured into tracks focusing on governance processes, organizational structures, and design research, with track leads and members assigned specific roles to support the Foundation’s efforts in achieving a balanced power distribution among Core Governors. This engagement aims to refine governance operations and prepare the community for assuming greater metagovernance duties in the future.
-
Retro Funding 6: Voting Rational Thread
Michael Vander Meiden initiates a discussion thread for Retro Funding round six to provide a centralized space for participants to share their voting rationales. It aims to simplify discussions surrounding round sizing, category weighting, and project breakdowns, offering a more organized alternative to fragmented telegram chats. Participation is entirely optional, giving users the autonomy to keep their votes private if preferred. Michael encourages constructive engagement, wishing everyone a successful voting process.
-
Lessons learned from two years of Retroactive Public Goods Funding
Over two years of Retroactive Public Goods Funding, Optimism has navigated numerous challenges and learned valuable lessons. In 2023, the approach involved running two mega rounds, but this format was found to devolve into popularity contests. The following year, one round per domain per year was implemented, which proved too slow for effective feedback. Experiments with expertise-based and metrics-based voting revealed insights into how humans and data can effectively allocate resources. Still, a significant challenge remains in measuring the success of retroactive funding. For 2025, recommendations suggest refining voting processes by combining the strengths of both human intuition and data-driven metrics to create a more rapid and balanced evaluation system. The ultimate objective is to develop predictive models to guide economic policy efficiently, though this requires hard choices and a focus on improving within narrow, clearly defined domains.
-
GovNFT Incentive Program Retrospective
In a recent forum post, Michael Vander Meiden reviews the outcomes of the GovNFT Incentive Program, which aimed to boost participation in Optimism Governance using non-fungible tokens (NFTs) called GovNFTs. These NFTs, developed by Velodrome, allow owners to delegate vesting OP before it fully vests, a feature that was explored in the program. The initiative successfully demonstrated the functionality of GovNFTs, with 146 NFTs delegating a total of 212,440 OP, and enhancing community engagement through discussions and call attendance. Despite its successes, the program faced challenges such as fragmented communication streams, which led to a significant portion of NFTs remaining undelegated. The initiative provided valuable insights for future governance enhancement endeavors.
Stakeholder News
Upcoming Events
Upcoming Votes