Hey folks! Thanks for all the feedback, the engagement on this thread has been really helpful. We’ve made some updates, summarized below and viewable in their entirety via edit history, to incorporate your feedback:
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Each committee must have a committee lead and may have up to 4 reviewers. Committee leads will be responsible for general coordination of the committee and publishing recommendation analyses on behalf of the committee. There is no requirement for all committee members to have >0.5% of votable supply, but at least one member must in order to submit the proposal.
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We have updated the cap on the number of committees from 3 to 4 to accommodate the potential creation of two distinct DeFi committees. In the event that two DeFi committees are approved, each committee should handle proposals related to distinct focus areas. If >1 DeFi committee proposal is submitted, each committee should specify an area of specialization so that there would not be a case where two committees are making recommendations on the same proposal. In the event that there is a proposal that does not fall clearly within any of the approved committees, it will be up to the committees to decide which committee will provide a recommendation.
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Each of 4 committees will received $10k equivalent in $OP, to be distributed among committee members. This budget is meant to support 5 committee members, including a committee lead. Since workload is unlikely to be standardized across committees, at the end of the season, an additional $40k equivalent in $OP will be allocated between committees based on relative workload and contribution during the season. These $OP rewards will come out of the Governance Fund.
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Please note that all committee members that receive compensation will need to be KYC’d.
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To address concerns around drop-off in non-committee delegate participation, the Optimism Foundation will track this data and re-evaluate the structure of committees if we see a meaningful decrease.
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Committee formation proposals for Season 2 should follow this template and should be posted for feedback 1 week in advance of the start of Voting Cycle #5.
We’re excited to experiment with committees in Season 2 and are excited to see your proposals!