M&M Council S8 Internal Operating Procedures
The Internal Operating Procedures in this document govern the activities of the Season 8 Milestones and Metrics Council. This document sets forth the processes the Milestones and Metrics Council will follow in fulfilling the Charter. This structure is supported by this governance approved budget. If ever a discrepancy arises between a Charter and the Internal Operating Procedures (IOPs), the Charters always take precedence and supersede the IOPs.
The Milestones and Metrics Council will be responsible for assessing and tracking milestones for grants that have passed the Grants Council intake process as well as grants recipients from prior seasons of the Optimism Grants Council. This season, the team will work towards hosting live data analytics on approved grant recipients. Additionally, the team will be tasked with delivering payments for this season’s and last season’s grantees through the M&M Multisig.
Communications
- For Grant Recipients: When submitting milestones, do so on the application portal. Recipients should tag the lead in order to ensure it gets notified and all of the reviewers will be active on telegram responding to any potential questions.
- For Community: We are active on Discord, Telegram and by email. If you do not receive a response, please follow up to ensure comms were not missed the first time. We will acknowledge we have reviewed the comments and reviewers will follow up promptly.
- For Reviewers: We will have (bi)weekly meetings as well as constant Telegram communications to coordinate, review milestones, and send out payments.
M&M Multisig:
- There are weekly payment disbursements through the M&M Multisig for newly approved grantees, and past grantees ready for milestone tranches. Transactions are planned to be created and executed each Thursday/Friday and is subject to the Optimism Collective Multisig Security Policy of 5/7 signers.
- The signer wallets consist of the M&M lead, 3 M&M reviewers, 2 GC reviewers, 1 DAB member. The signer wallets in no particular order are:
- 0x6b82A4786A34E8DfDf4B3CCe31ef3bF5B6FFAB99
- 0x10B164a122921Af09595d8D4d80791FD727E20A9
- 0xf2F652EB8d8aF2C5fA0879c3f19C76b08b8FeED8
- 0xa59320694d5f6153c2D0B12B12b6fBa0A3753F75
- 0x37a706a1004992E912343574190B3dd1cB4F948c
- 0xcdB39a5B876479bFF629A0d035D8D4AA96828988
- 0xb522BDFd0cB9870B1086e41cA7272A666DF3Eb6f
Community Feedback
- We will look to join Grant Council’s office hours if hosted this season for anyone who has questions or concerns for anything going on as well as be constantly reachable across our media handles.
Cycle Management
- Milestone Outreach: Reviewers should reach out to projects on an internally determined schedule and follow up across various communication channels until contact is made. They will ensure that a grant recipient won’t miss their deadlines.
- Milestone Review: Effectively and promptly review and confirm work from projects submitting milestones. If there are changes of grants requests, reviewers will review diligently to solve the issues and act responsibly.
- Recipient Communication: Ensuring grant recipients’ communication is strong and very responsive.
- Outreach to New Recipients: Informing recipients of their grant acceptance upon final confirmation from the Grants Council
- Creation of Multisig Transactions: Creating, reviewing, and executing payments and grants amounts through our OP distribution tool.
Workflow Management
- All milestones submissions and reviews will be on the application portal for this season. Internal notifications, dashboard, and operations will be done on spreadsheets and word documents. Additional workflow management may be added during the season.
Internal Consensus and Voting
- All decisions made by the reviewers will be a simple majority of ⅔. If there is a tie or abstaining, the Lead will make the tie breaking decision.
Change Process
- Any internal changes will be done in accordance with the internal consensus and voting procedures.