Special Cycle - 16a (May 23-29, 2024)
Season 6: Intent Budgets
Vote: Yes
Focusing on intent 3 (vast majority of the budget): this budget nicely aligns the Foundation’s work with that of the DAO… where the Foundation supports intent 3 through providing ancillary benefits for builders like infrastructure partnerships while the Gov Fund distributes grants for those builders.
Intent 3: Grow Application Devs on the Superchain -18M OP, broken down as below:
- Intent 3A: 6M OP for grants supporting OP Mainnet
- Intent 3B: 12M OP for chain-specific grant programs supporting the Superchain (to be run by these Chains).
Season 6: Grants Council Operating Budget
Vote: Yes
The grants council’s increase in operating budget seems to be directly attributed to internal optimizations that were implemented based on their retrospective as well as an estimate in expected volume of future applications. For this reason I have voted to approve the budget.
Season 6: Developer Advisory Board Renewal
Vote: Given both proposals would drive the right outcomes I am voting yes for both.
The most important thing to me is that both proposals have KPIs focused on what is most important from my perspective:
- Ensuring that Protocol Upgrades have a non-technical summary and that the nontechnical summaries are increasing voter participation
- Support the Grants Council on evaluation of technical Mission Requests and measure the associated impact
Season 6: Intents Ratification
Vote: Yes
In order to sustainably fund public goods in perpetuity we need to be generating demand for the blockspace that contributes to public goods funding. Intents 2 & 3 are precursors to that demand generation.
Intent 1: Progress Towards Decentralization
Intent 2: Bring Chains to the Superchain
Intent 3: Grow Application Devs on the Superchain
Season 6: Code of Conduct Council Renewal
Vote: No.
Although I recognize the value of having a highly trained entity (Code of Conduct Council) with a specialized skillset to oversee the Rules of Engagement, I am voting not to renew the council because:
- The budget has expanded while much of their prior seasons responsibilities have fallen elsewhere or been accounted for in the new gov design
- I also believe the SupportNERDs are capable of overseeing the Rules of Engagement in the absence of a CoCC
Governor Update Proposal #2: Improvements to Advanced Delegation Allowance Calculations
Vote Yes.
Yes this is a fix for a known issue in the advanced delegation functionality that allows users to delegate their OP to multiple delegates from one wallet.
Protocol Upgrade #8: Changes for Stage 1 Decentralization
Vote: Abstain
Although I agree in principal that this upgrade is important to move to stage 1 decentralization (as L2.beat defines), a technical delegate @Luckyhooman.eth I highly respect has dissented and I do not have enough expertise about the subject to make an informed decision. Therefore I vote to Abstain.
Protocol Upgrade #7: Fault Proofs
Vote: Yes:
Based on the non-technical summary provided by the DAB. This upgrade moves us to stage 1 of technical decentralization (dependant upon Protocol Upgrade #8) while implementing certain safeguards that keep users funds secure.