Governance Weekly Recap

I highly recommend that every grantee who has received funds to utilize Karma GAP as well for their own personal milestone tracking.

It is also built by the KarmaHQ team.

This platform uses the Ethereum Attestation Station :station: to help track information onchain.

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Governance Recap: Week of November 20, 2023

Greetings Optimism Community! Last week was bustling with activity, from crucial voting processes to vibrant discussions in our forums. Here’s a roundup of the key updates and happenings.

Voting Highlights

Special Voting Cycle #16c

  • Canyon Network Upgrade: The community focused on the Canyon Network Upgrade, a pivotal proposal aiming to significantly enhance the network’s performance and scalability. This upgrade represents a major technological advancement, addressing crucial technical challenges to improve the user experience and system efficiency. Community members were encouraged to delve into the proposal’s details and participate actively in shaping the network’s future. Full Proposal and Voting link
  • Security Council Ratification: The ratification vote for the initial members of the Security Council marked a significant stride in bolstering the network’s security governance. This process involves carefully selecting members who will play a crucial role in overseeing and ensuring the network’s security, reflecting the community’s commitment to maintaining a robust and secure ecosystem. Forum | Voting

Forum Discussions

  • Grants Council Platform Request: A key discussion emerged around the selecting a dedicated platform to support the Grants Council’s operations. This platform is envisioned to streamline processes, facilitate collaboration among council members, and enhance transparency in decision-making. The community’s input is sought to ensure the platform effectively meets the council’s needs and objectives. Discussion Thread by @gonna.eth.
  • Voting Cycle 16c Commencement: The start of Special Voting Cycle #16c marked another important phase in community-driven governance. Members were urged to review the proposals and exercise their voting rights, emphasizing the significance of collective decision-making in shaping the network’s direction. The two proposals which are being voted upon Proposal 1 & Proposal 2
  • Optimism Community Call Recap: Regular community calls provide a platform for updates, discussions, and feedback. The latest call covered a range of topics, reflecting the diverse interests and initiatives within the Optimism ecosystem. Staying updated with these recaps is crucial for active community members. Recap Here by @michael
  • Voting Rationale for RetroPGF3: In this thread, community members shared their rationale behind their voting choices for RetroPGF3. These insights offer valuable perspectives on the decision-making process, highlighting the diverse viewpoints and priorities within the community. @dmars300 & @OPUser shared a detailed view about their takes, Read their thoughts.
  • RetroPGF Application Errors: Addressing and discussing reported application errors in RetroPGF3 is crucial for maintaining the integrity and smooth operation of the grant process. This thread serves as a platform for identifying and reporting the errors in applications. Issue Discussion by @jonas.

Delegate Communications

  • Updates from Delegates: Delegates shared updates and communications, providing insights into their ongoing initiatives and perspectives on various topics. These updates are a key part of maintaining an informed and engaged community, and serves as a crucial channel of communication by the delegates.

Events & Social

  • Optimism RetroPitches: The Optimism RetroPitches event offers a dynamic platform for community members to present and discuss their projects. This event fosters a spirit of innovation and collaboration, providing an excellent opportunity for developers and entrepreneurs to showcase their ideas and gain visibility within the Optimism ecosystem especially for RetroPGF 3. Event Details by @Optimystics
  • OP Delegate Call: The 32nd OP Delegate Call is an essential forum for community engagement, discussion, and collaboration. Scheduled for December 5th, this call is an opportunity for delegates to share updates, discuss ongoing initiatives, and engage with the community on pressing topics. Details here by Michael
  • RetroPGF Showcase: Scheduled for November 28, the RetroPGF Showcase is a key event for projects funded by the RetroPGF to demonstrate their progress and impact. This event is crucial for fostering transparency, accountability, and community engagement around funded projects. Event Information by nicod

Community Contributions

  • Impactful Projects List: Curated by community member @lefterisjp, this list highlights impactful open-source projects within the RPGF. It serves as a valuable resource for community members to discover and support projects that are making significant contributions to the ecosystem. View the List.
  • RetroPGF OSS Projects Analysis: This comprehensive analysis of 300 open-source projects applying for RetroPGF3 provides crucial insights into the landscape of community-driven projects. It is a testament to the vibrancy and diversity of the ecosystem, and a valuable resource for understanding the breadth and depth of community engagement. Full Analysis by @ccerv1.

This week’s updates underscore the dynamic and participatory nature of our community. Your engagement and insights are vital in driving Optimism forward. Stay active and stay connected!

Image by Zey on OP Discord

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This is so cute :smiling_face_with_three_hearts: … We voted :ballot_box: on the current proposals that are active on Agora.

Happy to see all the energy going into 2024.

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Governance Recap: Week of November 27, 2023

Hello Optimism Community! Last week was been a hive of activity, featuring in-depth discussions, important delegate updates, and several noteworthy events. Let’s delve into the details:

Proposals

Special Voting Cycle #16c

  • Canyon Network Upgrade: The community focused on the Canyon Network Upgrade, a pivotal proposal aiming to significantly enhance the network’s performance and scalability. This upgrade represents a major technological advancement, addressing crucial technical challenges to improve the user experience and system efficiency. Community members were encouraged to delve into the proposal’s details and participate actively in shaping the network’s future. Full Proposal and Voting link
  • Security Council Ratification: The ratification vote for the initial members of the Security Council marked a significant stride in bolstering the network’s security governance. This process involves carefully selecting members who will play a crucial role in overseeing and ensuring the network’s security, reflecting the community’s commitment to maintaining a robust and secure ecosystem. Forum | Voting

Forum Discussions

  1. Draft Marketing Council Mission Request: A discussion has been put forward by @gonna.eth for the Marketing Council’s MVP mission, aiming to strategically boost the community’s marketing efforts. The discussion focuses on defining clear objectives and strategies to enhance Optimism’s visibility and outreach. Community input is crucial to refine and finalize this mission. Explore and contribute.
  2. RetroPGF 3 Round 3 Feedback: The community continues to actively engage in providing feedback for the third round of RetroPGF. This thread serves as a vital platform for sharing experiences, suggestions, and observations, helping to shape the future rounds of the funding process. Members are encouraged to participate and share their insights. Join the conversation.
  3. Badgeholder Conflict of Interest Disclosures: A critical ongoing discussion addresses potential conflicts of interest among badgeholders during the RetroPGF Round 3 voting process. This thread is significant for maintaining transparency and ethical standards in community decision-making. Badgeholders are disclosing their affiliations to ensure a fair and unbiased voting process. View the disclosures.
  4. Reported Errors in RetroPGF3 Applications: The community has been proactive in identifying and discussing errors in RetroPGF 3 applications. This thread is essential for ensuring the integrity and accuracy of the application process, with community members playing a key role in reporting and resolving these issues. Discuss and report issues.

Delegate Communications

Several delegates have provided updates this week, highlighting their ongoing initiatives and perspectives:

Delegate Communication thread
@PGov Link
@ScaleWeb3 Link
@GFXlabs Link

Events and Social

  1. Future Citizenship Selection Criteria Discussion: A proposed discussion about the criteria for selecting future citizens of Optimism, focusing on inclusivity, contribution, and community values. The conversation by @maxsemenchuk may help in understanding the ideas for scaling citizenship in the Citizen’s house. Join the debate.
  2. Community Member RFP Suggestions on Tuesday’s Call: An initiative of @sinkas and @kaereste from L2Beat, Community members are invited to propose RFP suggestions. This initiative empowers non-delegate community members to actively participate and contribute to the development of the Season 5 RFPs, currently only top 100 delegates can make RFP suggestions. Learn about the RFP input.
  3. Badgeholders Office Hours on Nov 30: Hosted by @Gonna.Eth, this session provided an opportunity for community members to interact with badgeholders, discuss ongoing projects, and gain insights into governance processes. Details of the session.
  4. 2nd RetroPGF Pitch Games on Nov 25: Organized by @optimystics, this event showcased community projects competing in the RetroPGF. It offered a unique platform for innovators to present their ideas and receive community feedback. Event recap.
  5. Optimism Fractal Meeting: A recent gathering focused on public goods and games within the Optimism ecosystem, fostering collaboration and innovation among community members.

By the Community

  1. RetroList by @Chom: RetroList facilitates badge holders to create lists for RetroPGF3 without having any allocations. This tool is designed to enhance transparency and accessibility within the Optimism ecosystem, allowing for a more streamlined and equitable approach to listing and recognizing projects. Learn more about the project here
  2. QuantumFair - A Raffle Protocol for OP: Developed by @Eagle_Cloak , QuantumFair introduces a novel raffle protocol designed for the Optimism platform. This project exemplifies community-driven innovation, offering a unique and engaging way to participate in the Optimism ecosystem. Learn about QuantumFair.

We modified NJonn’s meme from Discord

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Weekly Governance Update: Week of December 4th, 2023

This week marked the end of voting for Retroactive Public Goods Funding 3 (RetroPGF3). Since most of the OP forum, Twitter, and Discord were dominated by discussions related to RetroPGF3, we will also focus most of the part of this report on the same.

RetroPGF Updates

The Optimism blockchain’s Retroactive Public Goods Funding (RPGF) model is an innovative approach to funding public goods in the Ethereum ecosystem. It involves using a portion of the transaction fees generated on the Optimism network to fund projects that are deemed beneficial for the community. Projects are selected through a community-driven process, where token holders vote on which initiatives should receive funding. This model aims to create a sustainable and democratic way of supporting developments that contribute positively to the broader ecosystem, aligning financial incentives with community values.

About the RetroPGF3
The Retroactive Public Goods Funding Round 3 (RetroPGF3) of the Optimism Collective has notable statistics and features:

  1. Token Allocation: A total of 30 million OP tokens were allocated to reward contributions that supported the development and adoption of Optimism.
  2. Application and Voting Timeline: The project applications for RetroPGF3 were open from September 19th to October 23rd, 2023. The voting process was scheduled from November 6th to December 7th, with the results and token disbursement beginning in early January.
  3. Participation: RetroPGF3 witnessed a significant participation rate, with 1,594 applicants. However, over 1,000 of these applications were reported for violating the application rules.
  4. Final Participation: After screening and reporting process, a final group of 643 applicants were eligible to be voted upon by the badgeholders.
  5. Badgeholders: There were 146 badgeholders in RetroPGF3, selected through various methods, who played a crucial role in the voting process.
  6. Eligibility and Rewards: Contributions to Optimism were eligible regardless of their timing, and there was no nomination process as projects directly applied for RetroPGF3. The rewards from RetroPGF are not subject to a 1-year lock-up and will be distributed over a 90-day period post KYC completion with the Optimism Foundation. The rewards were sourced from the RetroPGF token allocation, and all projects impacting the Optimism Collective, irrespective of their presence on the OP mainnet, were eligible.

In the Forum

Top 5 Points of Feedback on RetroPGF

  1. Quorum Requirements and Bias Concerns: Some participants expressed concerns about the 17+ ballots quorum from badgeholders as cumbersome, leading to potential bias and favoritism. An alternative suggested was random project evaluation by badgeholders based on predefined criteria to promote fairness and transparency.
  2. Penalization and Application Clarity: Another point was regarding the penalization of projects with VC funding. It was suggested that applications should include fields to report various types of funding and revenue sources. Also, the need for more straightforward application processes and clearer guidelines was highlighted.
  3. Terminology and Workload Management: A suggestion was made to redefine ‘ballots’ or ‘votes’ as ‘evaluations’ to shift perception and encourage more comprehensive evaluations. Additionally, adjusting the number of badgeholders relative to projects was proposed to manage workload more effectively.
  4. Application Process and Appeal Guidelines: Additional clarity in applications, especially regarding VC funding and token status, was requested. A more extended review process, clear guidelines for disqualifying applications, and a transparent appeal process were also suggested.
  5. Badgeholder-Project Ratio and Transparency in Voting: It was proposed to increase the number of badgeholders to manage the growing number of projects. Also, making the presence of a project on ballots invisible until after voting was suggested to reduce bias and unnecessary competition.

Learn more on the RetroPGF3 feedback thread here . The above comments are views of community members, and do not represent Boardroom’s views.

@Lefteris’ on RetroPGF3

Lefteris, a badgeholder, provided feedback emphasizing the immense workload for badgeholders and suggesting a “Minimum Expected Behaviour” checklist. They criticized the use of lists for voting, citing it as counterproductive and leading to groupthink. Lefteris highlighted the lack of coordination among badgeholders and proposed random sub-groups for preliminary evaluations. They advocated for better identification of VC-funded projects and transparency regarding VC funding in applications. Finally, Lefteris recommended fewer rounds per year to prevent fatigue among small projects and donors. Link

Voting Algorithms in RetroPGF Iterations

  1. RetroPGF 1: Used Quadratic Voting, which involves the sum of the square root of votes for each project.
  2. RetroPGF 2: Employed a Simple Average approach.
  3. RetroPGF 3: Implemented a Median with simple quorum method.

Post by @jonas

Discussion on Separating Individual and Project Applicants

By @fujiar. The community is considering differentiating individual and project applications in the next RetroPGF round. This separation could allow more focused attention, tailor funding to specific needs, and ensure a detailed evaluation process. It also aims to motivate more active participation and create a more inclusive environment by providing support that aligns with the scale and scope of contributions. Link

Events

The Badgeholder Office Hours event on December 6th was a closed meeting exclusive to badgeholders. Attendees were invited to suggest agenda items beforehand. By gonna.eth Link

The 32nd OP Delegate Call, held on December 5th, was a community call open to everyone, discussing various topics related to the Token House in the Optimism Collective. By michael Link

Grantee Updates

@jackanorak continues with their analysis on Grant usage by Grantees of the Optimism Grants. In a continuing forum post, they analyze a Grant spends by a few more grantees. Link here

Forum updates and communications presented by grantees

Project Author Link
Rotki @lefterisjp link
Threshold tBTC @John_Packel link
Parcel @Parcel link
PayTrie @jasonpaytrie link
Karma GAP @mmurthy link
xToken @ben_xtoken link
DeFunds.co @igor link


Image by Panda on Discord

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Thanks :pray: for the update. Stay Optimistic!:red_circle:

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Thankyou Verymuch everyone🤩

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Weekly Governance Update: Week of December 11th, 2023

Proposals

No new proposals were up for voting this week

In the Forums

Anticapture Commission Lead Nominations
This proposal invites nominations for the lead of the Anticapture Commission at Optimism. The commission is a critical component in maintaining a decentralized and balanced governance framework, aiming to safeguard against centralization and undue influence within the ecosystem. This initiative reflects Optimism’s commitment to equitable and community-driven governance. Forum

Token Sale – September 2023
The post details a token sale scheduled for September 2023 on Optimism, to widen token distribution and enhance community participation in governance. This event is pivotal in promoting a more inclusive and diverse governance structure within the Optimism network. Forum

Incentive Impact Analysis: Velodrome
This forum post provides a detailed analysis of the incentive structures related to Velodrome within Optimism. It aims to assess the effectiveness of these incentives in fostering user activity and growth, ensuring they align with the network’s broader strategic objectives. The analysis is crucial for fine-tuning incentive mechanisms to optimize platform engagement. Forum

Security Council: Vote #1 - Change to Security Model
The thread proposes significant changes to the security model of the Optimism network. It aims to enhance the network’s security infrastructure, focusing on increasing resilience against digital threats and ensuring robust operational security. This proposal is key in adapting to the dynamic landscape of network security. Forum

Mission Requests

Mission requests for Season 5, mentioned by community members and delegates including @gonna.eth and @michael

Seeking Mission Request Sponsorship
This discussion seeks sponsorship for a mission request on Optimism. The objective is to garner support for initiatives that align with Optimism’s strategic goals and values. The proposal emphasizes the importance of community involvement and backing in driving mission-centric projects forward. Forum

Marketing Council (MVP) Mission Request
The draft proposes the establishment of a Marketing Council, aimed at amplifying Optimism’s presence and reach. The council will focus on strategic marketing initiatives to enhance brand visibility and community engagement. Forum

Contract Secure Revenue (CSR) Mission Request
This draft mission request focuses on securing revenue through contracts on Optimism. It aims to develop a sustainable revenue model, enhancing the network’s financial stability and growth potential. Forum

Real World Data Storage Mission Request
The proposal outlines a mission to integrate real-world data storage solutions within Optimism. It emphasizes creating a robust framework for data storage, ensuring security and accessibility. Forum

Grants Council Platform Request
This proposal discusses the creation of a dedicated platform for the Grants Council on Optimism. The platform aims to streamline grant allocation processes, improving transparency and efficiency. Forum

Superchain Hackathon Mission Request
The draft proposes organizing a Superchain Hackathon, intending to foster innovation and community engagement within the Optimism ecosystem. The hackathon is geared towards encouraging development and collaboration on the network. Forum

Continuing Threads

RetroPGF Round 3 Feedback Thread
This thread invites the Optimism community to provide feedback on the third round of the Retroactive Public Goods Funding (RetroPGF). It is a space for sharing insights and experiences to refine the funding process and enhance its impact on public goods within the ecosystem. Forum

Signaling Intention to Become a Badgeholder
This proposal allows community members to signal their intention to become badgeholders in the Optimism ecosystem. It aims to broaden participation in governance and foster a more inclusive and representative decision-making process. Forum

RetroPGF Experimentation: Voting Algorithms
The thread discusses experimentation with voting algorithms for the RetroPGF initiative. It aims to explore innovative voting mechanisms that can enhance the efficiency and fairness of funding allocation for public goods on Optimism. Forum

Events

OP Demo Day: A dive into some of the up-and-coming projects in the Optimism ecosystem! This is a community space and projects are present at their own discretion. Organized on OP discord

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Week of May 13th, 2024

:ballot_box: Recent Proposals

No On-chain proposals for Optimism in the past two weeks

:writing_hand: Forum Highlights

  • Season 6 Grants Council Operating Budget

    The proposed budget for Season 6 allocates funds for various roles, including Milestones and Metrics Reviewers, Ops Manager, and Council Lead. The budget aims to enhance accountability and efficiency, ensuring effective grant distribution. Compensation adjustments reflect the increased responsibilities and the need for sustained governance support.

  • Code of Conduct Council - Retrospective Season 5

    The Season 5 retrospective for the Code of Conduct Council highlights achievements in reducing governance overhead and handling conflicts efficiently. The council’s small size allowed for detailed case attention, leading to improved outcomes. Recommendations include simplifying internal procedures, expanding alternative dispute resolution methods, and maintaining a proactive approach to conflict management.

  • Developer Advisory Board Operating Budget

    The proposed budget for the Developer Advisory Board, led by Zach Obront, requests 90,000 OP, an increase of 20k from last season. This increase reflects new roles and expanded responsibilities, including approving protocol upgrades, coordinating with other governance areas, and providing technical guidance. The proposal also outlines KPIs for user experience and performance to ensure effective governance and community support.

  • Upgrade Proposal: Fault Proofs

    This proposal introduces a permissionless fault proof system to enhance the security of Optimism withdrawals. It allows anyone to propose output roots and participate in dispute resolution, reducing reliance on centralized actors. The Guardian role retains emergency powers to disable the system if necessary. This upgrade aims to advance Optimism’s decentralization and security goals by enabling trustless transaction finalization.

  • Season 6: Intents Ratification

    The Season 6 Intents Ratification outlines strategic goals for the Optimism Collective. Key intents include advancing decentralization, integrating more chains into the Superchain, and increasing developer engagement. The Foundation will propose and the Token House will ratify these intents, with a focus on developing robust data infrastructure and analysis to guide future intent setting. Proposed budgets aim to support these goals, enhancing governance and scaling the ecosystem effectively.

  • Cycle 22 Final Grants Roundup

    The Cycle 22 roundup marks the end of Season 5, with the Grants Council reviewing 530 Mission Requests and 23 Audit Requests. The council adapted to increased application volume by refining review processes and rubrics. Despite challenges, 24.5% of applications became finalists, proposing grants totaling 4.56M OP. The council expects to return a surplus of 1.87M OP to the Gov Fund, highlighting its commitment to effective grant allocation and governance.

:newspaper: Stakeholder News

The list represents the most recent posts on Delegates category on Forum, and not the list of top delegates by voting power

:ticket: Upcoming Events

  • TechNERD Meeting: Tuesday May 21, 2024: Link
  • Office Hours: Wednesday May 23, 2024: Link
  • SuperChain Demo Day: May 23, 2024: Link
  • Optimism Ambassador Chat: May 24, 2024: Link

:crystal_ball: Upcoming Votes

No upcoming votes detected

3 Likes

Thanks for the mention, glad to contribute to Optimism Collective!!! :clap:t3::clap:t3::red_circle:

I also want to add that tomorrow there will be a House Community Call. :muscle:t2:

Regards!
Liliop.eth

2 Likes

Week of May 20th, 2024

:ballot_box: Recent Proposals

Special voting cycles are active, under the special voting cycles multiple proposals dealing with the protocol upgrade and grants council ratification are up for vote.

  • Protocol Upgrade #4
    • Summary: This proposal introduces a SuperchainConfig contract and enhances the pausability mechanism, improving the security of the Optimism ecosystem. Key updates include fixing issues in OptimismPortal and L1CrossDomainMessenger, supporting custom token decimals, and using CREATE2 for unique token addresses. The upgrade, audited by Trust Security, aims to enhance incident response capabilities, ensuring robust protection of user assets during upgrades.
    • Proposer: Optimism Foundation
    • Status: Voting in Progress
  • Season 6: Intent Budgets
    • Summary: The Season 6 Intents Ratification sets strategic goals for Optimism, focusing on decentralization, expanding the Superchain, and enhancing developer engagement. Key actions include integrating more chains, developing robust data infrastructure, and increasing community participation. The proposal aims to align the collective’s efforts with these intents, ensuring sustainable growth and effective governance through clear, actionable goals and associated budgets.
    • Proposer: Optimism Foundation
    • Status: Voting in Progress
  • Governor Upgrade #1: Improve advanced delegation voting
    • Summary: This proposal simplifies the voting process for delegates with advanced voting power by reducing the number of required transactions from two to one. The update aims to enhance user experience based on feedback from affected voters. Audited by OpenZeppelin, the change ensures security while making voting more efficient, thereby improving overall governance participation within the Optimism ecosystem.
    • Proposer: Optimism Foundation
    • Status: Voting in Progress
  • Season 6: Grants Council Operating Budget
    • Summary: The Season 6 Grants Council Operating Budget proposes a total of 610,000 OP for various roles, including Milestones and Metrics Reviewers, Ops Manager, and Council Lead. The budget aims to enhance accountability and efficiency, ensuring effective grant distribution. Compensation adjustments reflect the increased responsibilities and the need for sustained governance support.
    • Proposer: Optimism Foundation
    • Status: Voting in Progress
  • Governor Update Proposal #2: Improvements to advanced delegation allowance calculations
    • Summary: This proposal refines the Alligator allowance storage system to ensure accurate calculation of voting power in complex delegation scenarios. It addresses issues where delegates using advanced delegation might have less voting power than intended. The update, audited by OpenZeppelin, improves delegation flexibility and accuracy, enhancing the overall governance experience without affecting existing contract logic.
    • Proposer: Optimism Foundation
    • Status: Voting in Progress

:writing_hand: Forum Highlights

  • Season 6: [DRAFT] Standard Rollup Charter

    The draft Standard Rollup Charter for Season 6 establishes criteria and policies for high-security blockspace products in the Optimism Collective. It includes onchain criteria for version, configuration, and solvency checks, along with offchain checks by the Optimism Foundation. Governing policies address issues like sequencer censorship and fee margins, ensuring compliance with the Law of Chains and promoting sustainable, secure blockchain development.

  • Superchain and the Monolithic Experience: A Cross-Chain Guide for Superchain

    This comprehensive guide by Delphi Digital explores cross-chain interoperability for the Optimism Superchain. It examines key stakeholders—users, dApp builders, and chain builders—and their interoperability needs. The guide evaluates various approaches, such as shared sequencing and zk-aggregation, and their trade-offs, recommending strategies to enhance cross-chain functionality and achieve a seamless monolithic experience.

  • FAQ Retro Funding “Onchain Builders”

    The FAQ for Retro Funding 4 addresses questions for “Onchain Builders,” clarifying eligibility criteria for projects on OP Mainnet and other supported chains like Base, Zora, Mode, Frax, and Metal. It emphasizes that deployment on OP Mainnet is not mandatory, expanding funding opportunities across the Superchain. This FAQ aims to provide clear guidance for developers seeking retroactive funding within the Optimism ecosystem.

  • Optimism post RPGF analysis

    PYOR’s analysis of Optimism’s Retroactive Public Goods Funding (RPGF) assesses the performance of DeFi protocols that received funding in January 2024. Key findings include significant growth for Aerodrome, moderate success for SushiSwap, and poor results for Yearn and Sonne Finance. The analysis aims to guide future funding decisions by highlighting which protocols provide the best return on investment, ensuring Optimism’s resources are allocated effectively.

:newspaper: Stakeholder News

The list represents the most recent posts on Delegates category on Forum for the coverage week, and not the list of top delegates by voting power

:ticket: Upcoming Events

  • TechNERD Meeting: June 4th, 2024: Link
  • Office Hours: June 5, 2024: Link
  • SuperChain Demo Day: June 6, 2024: Link
  • Optimism Ambassador Chat: May 31, 2024: Link

:crystal_ball: Upcoming Votes

8 Proposals live at the time of writing this report, no upcoming proposals detected

3 Likes

Week of May 27, 2024

:ballot_box: Recent Proposals

  • Season 6: Intent Budgets

    • Summary: The Season 6 Intent Budgets proposal outlines strategic goals for the Collective, emphasizing decentralization, expansion of the Superchain, and increased developer engagement. The Foundation suggests a budget allocation to support these goals: 500k OP for decentralization efforts (excluding technical aspects), 6M OP for grants aiding OP Mainnet applications, and 12M OP dedicated to chain-specific grants to bolster the Superchain’s development. This comprehensive proposal aims to guide the Collective’s growth and governance through clear goals and allocated funding

    • Proposer: Optimism Foundation

    • Status: Succeeded

  • Season 6: Grants Council Operating Budget

    • Summary: The Season 6 Grants Council Operating Budget proposal, authored by Gonna.eth, requests a budget of 610,000 OP. This budget aims to fund multiple roles, including Milestones and Metrics Reviewers, an Ops Manager, and a Council Lead, to ensure a robust and efficient grants distribution process. The proposal highlights the importance of accountability and governance in the Optimism Collective, with compensation adjustments reflecting increased responsibilities. This proposal, which is part of Special Voting Cycle #23a, emphasizes sustained governance support to bolster the effectiveness of grants distribution【

    • Proposer: Optimism Foundation

    • Status: Succeeded

  • Season 6: Developer Advisory Board Renewal

    • Summary: The Token House’s proposal for Season 6 involves renewing the Developer Advisory Board (DAB). Delegates are asked to approve an operating budget via approval voting, with the highest-voted budget electing its proposer as Council Lead. Two proposals are in contention: Zach Obront’s budget of 90k OP and Ed Mazurek’s budget of 122k OP. If delegates do not support the continuation of the Board, they should decline to vote for any budget. The voting process allows casting votes for multiple options, but it’s recommended to vote for only one budget or abstain altogether if opposed to the Board’s renewal .

    • Proposer: Optimism Foundation

    • Status: Succeeded

  • Season 6: Code of Conduct Council Renewal

    • Summary: The proposal discusses whether to renew the Code of Conduct Council for Season 6 of the Optimism governance protocol. Delegates are tasked with deciding if an operating budget should be approved for the Council to manage the Rules of Engagement. The proposal suggests the election of Juan Carlos Bell as Council Lead with a proposed budget of 55k OP. If not approved, the supportNERDs will continue enforcing the Rules of Engagement. This decision will be made in Special Voting Cycle #23a

    • Proposer: Optimism Foundation

    • Status: Defeated

  • Protocol Upgrade #8: Changes for Stage 1 Decentralization

    • Summary: The proposal “Protocol Upgrade #8: Changes for Stage 1 Decentralization” aims to enhance the Optimism network’s security and decentralization. Key changes include raising the Security Council Safe’s signing threshold from 4 to 10 out of 13, reassigning the Guardian role to a new Guardian Safe under the Security Council Safe’s control, and designating the Foundation as DeputyGuardian. It also transfers the L2ProxyAdmin contract ownership from the Foundation to the Security Council, enabling the Security Council Safe to block L2 predeploy upgrades. This initiative, combined with Protocol Upgrade #7, is intended to meet the requirements for OP Chains to achieve Stage 1 status

    • Proposer: Optimism Foundation

    • Status: Succeeded

  • Protocol Upgrade #7: Fault Proofs

    • Summary: The proposal titled “Protocol Upgrade #7: Fault Proofs” aims to enhance the Optimism Mainnet by reducing trust assumptions through the introduction of permissionless output proposals and a fault-proof system. This upgrade eliminates the dependency on a privileged proposer for withdrawals, enabling a more decentralized process while maintaining security through a guardian’s override capability. The initiative, paired with Protocol Upgrade #8, targets achieving Stage 1 status for OP Chains. The associated contracts are available in the Optimism repository, designated as release candidate op-contracts/v1.4.0-rc.4. The proposal, eligible for Special Voting Cycle #23a, will proceed to a veto period in the Citizens’ House if approved by the Token House

    • Proposer: Optimism Foundation

    • Status: Succeeded

  • Governor Update Proposal #2: Improvements to advanced delegation allowance calculations

    • Summary: The “Governor Update Proposal #2” introduces enhancements to the Alligator allowance storage system to facilitate accurate voting power calculation in advanced delegation scenarios. This proposal aims to rectify issues where delegates may have less voting power than intended by enabling partial and sub-delegation for OP voters, thus improving overall governance effectiveness. If approved, the implementation will transition from the current governor proxy to a new one, with a specified address for deployment. The proposal is part of Special Voting Cycle #23a and, if passed in the Token House, will proceed to the Citizens’ House for a veto period

    • Proposer: Optimism Foundation

    • Status: Succeeded

  • Season 6: Intents Ratification

    • Summary: The Season 6 Intents Ratification sets high-level strategic goals for the Collective as it extends to the broader Superchain ecosystem. Proposed by the Foundation, these goals must be ratified by the Token House. Key intents include advancing decentralization through scalable and governance decentralization, expanding the Superchain by integrating more OP Chains, and growing the application developer community across all OP Chains to enhance demand-generating applications. This proposal aligns the Collective’s efforts with these strategic objectives to ensure sustainable growth and effective governance

    • Proposer: Optimism Foundation

    • Status: Succeeded

:writing_hand: Forum Highlights

  • Upgrade Proposal #9: Fjord Network Upgrade

    The forum post titled “Upgrade Proposal #9: Fjord Network Upgrade” by Roberto Bayardo, a core developer of the OP Stack from Coinbase, outlines a proposal for the Fjord network upgrade which aims to introduce the EIP-7212 precompile to reduce gas costs for smart wallet applications, implement Brotli batch compression to lower data availability costs by 5-15%, and improve L1 data pricing robustness. Key changes include increasing the max-sequencer-drift parameter and various technical optimizations. The upgrade, scheduled for July 10, 2024, also involves a comprehensive security review and fault-proofing strategies

  • Reclaim Protocol: Verified HTTPS Traffic for Privacy-Preserving Proofs

    The “Reclaim Protocol: Verified HTTPS Traffic for Privacy-Preserving Proofs” forum post announces the launch of Reclaim Protocol, a system designed to create verifiable claims while maintaining user privacy. The protocol, developed by YC W21, leverages HTTPS session keys to generate zero-knowledge proofs (zkproofs) of users’ identity and reputation, computed entirely on the client side. It works by routing HTTPS traffic through an Attestor proxy server that generates cryptographic signatures without exposing private data. The post details the secure and efficient mechanisms underlying the protocol, including user interaction with the Attestor, key sharing, zero-knowledge circuit usage, and third-party verification. An independent study from Purdue University validates the protocol’s security and efficiency, comparing it favorably to other models. The post concludes by inviting the community to engage with and integrate the Reclaim Protocol into their projects .

  • Discussion OP token on all Superchain

    In the forum post titled “Discussion OP token on all Superchain,” the author emphasizes the importance of integrating OP tokens across all Superchains to maximize the network’s potential. As of now, OP tokens are only available on the OP Mainnet despite the expansion to 13 superchains and 38 OP Stack chains. The post argues that uniform availability of OP tokens will enhance user awareness, boost adoption, and eliminate fragmentation, thereby fostering a more cohesive and effective superchain network. This standardization will improve interoperability and drive engagement and innovation, ensuring that the benefits of OP tokens are fully utilized across all chains, ultimately solidifying OP’s stature within the blockchain community. The author concludes that this strategic move will elevate the ecosystem by creating an integrated and dynamic environment that promotes greater success and innovation.

  • Retro Funding 4: Impact Metrics, a Collective Experiment

    In a recent forum post, the Optimism Collective introduced Retro Funding 4, focusing on using quantitative metrics for impact evaluation. This marks a shift from previous rounds which focused on voting for individual projects. Instead, badgeholders now select and weight metrics that measure impact across four key areas: network growth, network quality, user growth, and user quality. The post outlines the initial survey results, which highlighted a balanced interest in both quantitative growth and qualitative impact, and a significant preference for metrics related to innovation and open source. Concerns about the potential for gaming metrics were also noted. The workshop conducted further refined these metrics and the subsequent survey led to the implementation of additional trusted user models and new, standardized metrics. The next steps involve badgeholders testing these metrics in simulated environments, with final decisions expected after collecting and analyzing feedback

  • How is blockchain being appllied in supply chain management and logistics?

    The forum post discusses how blockchain technology is enhancing supply chain management and logistics. Blockchain enables real-time tracking of goods from production to delivery, ensuring traceability with unique digital identifiers that combat counterfeiting and verify authenticity. Additionally, blockchain streamlines processes through smart contracts, automating tasks such as payments and compliance checks, reducing paperwork and errors. This leads to improved efficiency by eliminating intermediaries and facilitating faster decision-making through real-time data sharing. The technology potentially revolutionizes supply chain operations by providing transparency, security, and efficiency advancements.

  • Launching the OP Citizen Dashboard | Superchain Eco

    SuperchainEco has introduced the OP Citizen Dashboard, a platform mapping all current OP Citizens and detailing their roles and retrospective rewards for RetroPGF3 review. This database will assist analysts in enhancing RPGF and Collective Governance by providing relevant insights. Future efforts include measuring concentration in the collective and optimizing voting design for Retro funding. The community is encouraged to provide feedback and follow development updates on social media platforms

  • Retro Funding 4: Application Review Process

    The forum post titled “Retro Funding 4: Application Review Process” discusses the processes for the fourth round of Retroactive Public Goods Funding (RPGF) organized by Optimism. Created on May 29, 2024, the post outlines the review process for applications, detailing the criteria and methodologies used to evaluate submissions. The forum entry also highlights community engagement and the importance of effective resource allocation to maximize the impact of funded projects.

  • TVL Growth of RPGF Grant Recipients

    The forum post discusses the impact of Retroactive Public Goods Funding (RPGF) grants on the Total Value Locked (TVL) of recipient protocols within the Optimism ecosystem. The analysis, conducted by blockchain analytics firm PYOR, highlights significant TVL growth for Aerodrome at 333% since January 2024, with SushiSwap also showing substantial growth at 217%. The findings aim to guide future funding by showing which protocols yield the best returns on investment

  • FAQ Retro Funding “Onchain Builders”

    In a forum post titled “FAQ Retro Funding ‘Onchain Builders,’” Liliop.eth extends gratitude to Jonass for integrating an FAQ section into the Retro Funding 4 discussion, emphasizing that projects do not need to be exclusively on OP Mainnet as Retro Funding is now available for other OP chains as well. She suggests refining the language for clarity, to avoid misinterpretation that being on OP Mainnet is unnecessary. The discussion also references a detailed description of eligible OP chains .

  • Developer Advisory Board Operating Budget

    Ed Mazurek proposes a structured operating budget for the Developer Advisory Board (DAB) for Season 6, emphasizing increased transparency and community engagement within the Optimism ecosystem. The proposal highlights Ed’s technical and community experience, stressing his alignment with Optimism’s values. Key goals include fostering dialogue and iterative governance improvements. The budget breakdown allocates 122,000 OP, with specific responsibilities for board members, such as publishing updates and facilitating protocol upgrades. Performance will be measured by both user experience and key performance indicators (KPIs), with aspirations for enhanced community participation and accountability .

  • Open letter to Polynya

    In an open letter on the Optimism forum, Jack Anorak addresses Polynya, acknowledging their diminished active participation in the industry but highlighting their substantial influence through a significant OP delegation. Jack queries Polynya’s intentions regarding their future involvement in Optimism and their plans for managing their powerful voting position .

  • Optimism post RPGF analysis

    The forum post titled “Optimism post RPGF analysis” discusses an exploratory data analysis conducted by PYOR on the performance of DeFi protocols that received funding from Optimism’s Retroactive Public Goods Funding (RPGF) in January 2024. The analysis aimed to provide insights to optimize future funding decisions, focusing on total value locked (TVL), fees, volumes, and user activity as key metrics. Highlights from the analysis include significant growth for Aerodrome in TVL, fees, and DEX volume, while protocols like Yearn and Sonne Finance showed a decline in TVL. Bridges, including Hop and Synapse, reported substantial increases in deposits and fees. The post concludes by seeking community feedback to enhance the RPGF program and outlines PYOR’s background in blockchain analytics

  • Daily Active Users on-chain

    In a recent forum post titled “Daily Active Users on-chain,” Aadarsh Pincha from PYOR analyzed the surge in active users for the Optimism blockchain. The post highlights that daily active users have risen by an impressive 140.5% since the beginning of the year. Breaking down the user growth month-by-month, January saw a 12% increase, February experienced a surprising 20% decline, March rebounded with a significant 60% increase, and April continued the upward trend with a 48% increase. PYOR, a blockchain analytics firm, leverages its proprietary data products to deliver high-fidelity insights to institutions such as Ribbit Capital, M31 Capital, and Compound. The detailed statistics and further insights are available on their Twitter handle

:newspaper: Stakeholder News

The list represents the most recent posts on Delegates category on Forum, and not the list of top delegates by voting power

:ticket: Upcoming Events

  • TechNERD Meeting: Tuesday June 4, 2024: Link
  • Office Hours: Wednesday June 5, 2024: Link
  • Token House Community Call: Tuesday June 4, 2024: Link
  • SuperChain Demo Day: June 6, 2024: Link
  • Optimism Ambassador Chat: June 7, 2024: Link

:crystal_ball: Upcoming Votes

No upcoming proposals

3 Likes

Week of June 3, 2024

:ballot_box: Recent Proposals

No roposals live at the time of writing this report

:writing_hand: Forum Highlights

  • Grants Council S6 Election Town Hall

    The forum post announces the nominations and upcoming town hall for the Season 6 Grants Council elections on the Optimism platform. The list of self-nominees for various reviewer roles, including Mission Reviewer, Milestones and Metrics Reviewer, and Audit Reviewer, is provided along with links to their nomination submissions. The Town Hall is scheduled for Tuesday, June 11th, and will feature each nominee answering a specific question within 60 seconds. Key Performance Indicators (KPIs) related to builder experience and grant performance are outlined. Delegates are encouraged to submit questions for nominees, and the voting period for elections is set from June 13th to June 20th.

  • OP Passport | Design Document

    Varit R. introduces the “OP Passport” project, funded by the OP Season 5 Builder Grant, aimed at enhancing privacy, security, and active governance participation on Optimism. The project will implement Zero-Knowledge Proof (ZKP) technology to provide privacy-preserving attestations and on-chain identity passports. The design document outlines the system framework, including architecture, core components, and integration points. Key features include digital passports, badge issuance, public and anonymous attestations, and a user dashboard. Governance participant roles are also defined, with criteria for badge issuance detailed. The document emphasizes the importance of community feedback to refine the platform and ensure it meets governance participants’ needs.

  • Developer Advisory Board S6 Election Town Hall

    The Season 6 Developer Advisory Board election is underway, with several community members self-nominating for the board. Nominees include individuals for roles such as Ops Leads, Upgrade Czar, and Additional Members, each listed with links to their self-nominations. A Town Hall event is scheduled for June 11th, where nominees will have 60 seconds to present their unique skills and contributions towards key performance indicators (KPIs) set by the foundation. The event structure and the invitation link are shared, alongside details on how the nominees can participate if they are unable to attend live. Delegates are encouraged to submit questions for nominees, with a random selection being addressed during the Town Hall. Voting will occur from June 13th to June 20th.

  • Collaboration ground for the Superchain around ETHCC | July 8th & 9th :dizzy:

    The forum post announces “Superchain Space,” a two-day collaborative event occurring around the ETHCC in Brussels on July 8th and 9th. It highlights a secured location ideal for roundtables, workshops, co-working, and networking, featuring a professional podcast room with recording equipment and custom merchandise. The organizers aim to foster collaboration within the Superchain community and invite Citizens, Delegates, Builders, and OP Chain representatives to participate. Those interested in hosting roundtables or workshops are encouraged to reach out through Twitter or email.

:newspaper: Stakeholder News

The list represents the most recent posts on Delegates category on Forum, and not the list of top delegates by voting power

:ticket: Upcoming Events

  • Office Hours: Wednesday June 19, 2024: Link
  • SuperChain Demo Day: June 20, 2024: Link
  • Optimism Ambassador Chat: June 14, 2024: Link

:crystal_ball: Upcoming Votes

No upcoming proposals detected

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