Token House Community Call [April 8th 18:00 UTC]
GM!
Here the recap summary for our Token House Community Call today.
Announcements
- Two Protocol Upgrade Proposals currently active (Voting Period ending April 9 at 19:00 GMT )
- Upgrade Proposal #14: Isthmus L1 Contracts + MT-Cannon
- Upgrade Proposal #15: Isthmus Hard Fork (contingent upon passing of UP #14)
- Shout out to @jepsen from the Developer Advisory Board for providing a non-technical summary of both upgrades.
Season 8 & 9: Budget Board
- Here the Season 8 & 9: Budget Board Charter
- Here the Season 8 and 9: Budget Board Member Ratification
- Recap:
- Members of the Board will be responsible for bootstrapping the Collective’s ability to make sound financial and economic decisions.
- Aims to decentralize budgeting for mission proposals and Retro Funding, previously managed by the OP Foundation.
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Runs from May 1, 2025, to May 1, 2026, with members appointed by the Foundation, including Token House and Citizens House representatives.
- Starting in Season 8, all Councils and Boards will transition to 12-month terms to promote greater continuity and standardization.
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Manages governance funds and sets budgeting standards for Season 8, subject to ratification by both houses (Voting Cycle #36).
- The Token House will ratify this proposal to approve the Token House representatives and Lead. The Citizens House will ratify this proposal to approve the Citizens House representatives and Lead.
- The Board will have proposal rights over budgeting decisions but all proposals must still be approved by the Token House and/or Citizens House, as relevant.
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Emphasizes analytics to improve grant decisions, with a Data-Driven approach.
- Members of the Board will be responsible for bootstrapping the Collective’s ability to make sound financial and economic decisions.
- Shout out to @danelund.eth, proposed as the lead the board, who was mentioned as ‘the goat of running council’.
Super Chain ERC-20 Tokens
- Here the SuperchainERC20 docs
- Enhances interoperability with built-in bridge permissions for cross-chain transactions.
- Gradual rollout begins with Optimism and Security Council-governed chains, targeting June 2025 for the first interoperability set. Existing tokens may require upgrades or wrappers.
- Simplifies new token launches (e.g., avoiding USDC migration issues), shared security, and retro funding.
Superchain Ecosystem
- Here The Superchain Ecosystem Index
- Retro funding and shared security as significant benefits, with contributions going towards upgrades that benefit everyone.
- Protocols must update interfaces, and chains joining the Super Chain ecosystem relinquish upgrade keys. Shared security means chains don’t have to handle security themselves, but it comes at the cost of control.
- Exploration of solutions like LayerZero for broader interoperability.
- Current interop set includes Ink and Unichain, with plans to expand.
And that’s it for now frens;