GovNFT Community Call Thread 1

Hi GovNFT program participants!

One of the main topics in the last community call was the Security Council elections for season 6, share your insights about the topic in this thread.

Questions to answer:

What role does the Security Council play?
What would you look for in a Security Council member?

In case you didn’t attend the call you can watch the recording: August 6th 2024 Token House Call Recording.mp4 - Google Drive.

As a reminder, thoughtful responses are 20 points. Spam or low-effort posts will not count towards the point total.

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Hi @Michael thank you for the share and questions.

I’m very new to the governance side of OP so apologies in advance for the lack of knowledge / context here. I listened to the call just now - it’s not immediately obvious from that as to either (1) what role the Security Council plays or (2) what I would look for in a member. Sorry if that is the wrong answer??!! Are there any secure links to a Terms of Reference that you could share please?

What did come through loud and clear though was that there are ongoing elections.

I thought the question from ‘Rex’ was really interesting around versioning / version control. Optimism has gone great guns in innovating and shipping stuff - but is there a developing overhang / legacy in terms of forks and iterations. When overlaid with Superchain activity across the OP stack this must be a nightmare to coordinate and record.

Which did get me thinking about what the ‘core texts and principles’ of Agile say about quality / version control particularly in a high speed, cutting edge, decentralised environment? Would be interested as to what thoughts others have around this?

Thanks

andrew s | universe.L2

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Hey Andrew!

Thanks for the response, it honestly is good feedback and it’s definitely apparent that you listened to the call, you will definitely get those points.

Here is some resources on the security council: Introducing the Optimism Collective’s Security Council — The Optimism Collective.

It’s a huge part of what makes Optimism a “stage 1” L2. Thanks again for the response!

Hi, i just watched the recording and this is my answer:

What role does the Security Council play?
Ans : The Security Council manages the admin keys for the OP Mainnet and OP Chains, ensuring no one party can make changes on their own. They handle protocol upgrades and role assignments based on Optimism Governance decisions. In emergencies, they can act quickly to fix issues without needing governance approval. The council uses a multisig system, requiring 75% agreement for key decisions, and also steps in to challenge faulty proposals when necessary. Over time, their role will reduce as the system becomes more decentralized.

What would you look for in a Security Council member?
Ans : For a Security Council member, i would want:

  1. Technical know-how with the OP Stack and secure key management.
  2. Trustworthiness and a solid reputation in the community.
  3. Diversity to avoid too much control in one location.
  4. No conflicts of interest that could affect their decisions.
  5. Commitment to actively participate and handle responsibilities.

GM, ser just finished the Token House Call on 6/8/24, Pls see the answer of the question below.

What role does the Security Council play?

The Security Council is responsible for managing protocol upgrades for OP Mainnet, acting as a key component of the decentralization process in the Optimism ecosystem. Initially, it shares this responsibility with the Optimism Foundation through a 2/2 multisig. Over time, the Security Council will become the sole actor responsible for signing and executing protocol upgrades as the system evolves toward Stage 2 decentralization. Its primary focus is on ensuring transparency, safety, and community participation in managing the protocol, prioritizing avoiding errors over maintaining continuous operations.
What would you look for in a Security Council member?

A Security Council member should embody values such as:

  • Transparency: Willing to operate in the open and allow public review of processes and decisions.
  • Focus on Safety: Prioritizes avoiding critical errors, even at the cost of temporarily halting operations, ensuring the protection of assets.
  • Community Engagement: Actively participates in discussions and listens to community feedback, helping to refine the Security Council’s operations.
  • Independence and Reliability: Must be an independent actor capable of fulfilling their role in a multisig environment, with a signing threshold of 75% or greater, ensuring the credibility and effectiveness of protocol upgrades.

After taking in the summary from Season 6: Security Council Elections - Cohort A, my answers are:

  1. The Security Council plays a vital role in safeguarding the Optimism ecosystem. Its main responsibilities include managing secure key operations, implementing governance-approved upgrades, and coordinating responses to emergencies. Council members work together to ensure that all procedures are followed, facilitating smooth operations while maintaining the integrity of the system. By effectively communicating and collaborating, they help to uphold the trust and security essential for the community’s success.

  2. When looking for Security Council members, it’s important to prioritize several key qualities. First, candidates should have a solid reputation and a proven commitment to the Optimism Vision. They must demonstrate technical competency, particularly in areas like key management and the OP Stack. Additionally, members should be free of significant conflicts of interest and be willing to dedicate around five hours per month to their duties. Geographic and professional diversity among members can enrich discussions and decision-making, ensuring that various perspectives are considered. Overall, a successful member should possess both the technical skills and collaborative spirit needed to navigate the dynamic challenges of the Optimism ecosystem.

What role does the Security Council play?

  • Security Council ensures the system’s integrity, with members responsible for upholding its Charter, a body of guardians entrusted with maintaining balance, ensuring integrity, and upholding the Charter, which outlined the rules of their governance.

What would you look for in a Security Council member?

  • The first quality the council sought was integrity. A candidate had to be someone whose word was unshakable, whose actions reflected trust, and whose commitment to the community was beyond question, A true Council member had to be a steadfast defender of its rules, always ready to uphold the principles of fairness, accountability, and transparency that defined their world. They needed to understand the Charter inside and out, for it was their guide in moments of calm and crisis alike.