Season 5 Mission Request Voting Rationale
The below response reflects the views of L2BEAT’s governance team, composed of @kaereste and @Sinkas, and it’s based on the combined research, fact-checking and ideation of the two.
Contrary to Season 4 Mission Proposals, a Mission Request passing the vote doesn’t immediately equal the proposer ‘receiving’ the grant requested. Instead, it opens up the opportunity for anyone to apply to fulfill the Mission, and it’s up to the Grants Council to decide which application will receive the grant.
With that structure in mind, our approach to voting was different than it was in Season 4 - instead of going through the process of which Mission Request to vote for, we went through the process of elimination, deciding which mission requests (if any) we don’t want to vote for. Working through the 4 different Intents, we asked ourselves the 3 following questions:
- Is there a Mission Request we do not want to fund for some specific ****reason?
2a) Is the Intent’s budget enough to fund all the Mission Requests under it?
2b) If not, which Mission Request will we not vote for?
Intent #1
The available budget for Intent 1 is 1,330,000 OP while the total amount requested through the 6 mission requests is 1,050,000 OP. With enough budget to go around, and no Mission Request with which we don’t feel comfortable supporting, we’ll be voting in favor of all 6 of them.
Intent #2
The available budget for Intent 2 is 4,000,000 OP while the total amount requested through the 14 Mission Requests is ~5,050,000 OP. Since the budget is not enough to fund all Mission Requests, we had to think through which ones we will not vote for.
For intent #2, we decided to not vote for the following missions:
Facilitate Capital Migration to the Superchain
Additional Revenue Sources to fund RPGF Rounds
Intent #3
The available budget for Intent 3 is 1,330,000 OP while the total amount requested through the 13 Mission Requests is ~2,326,000 OP. Since the budget is not enough to fund all Mission Requests, we had to think through which ones we will not vote for.
For intent #3 we decided not to vote for the following missions:
Deliver a Best-in-Class Perp Dex
Crowdsourcing Useful Verifiable Data
Intent #4
The available budget for Intent 4 is 1,330,000 OP while the total amount requested through the 10 Mission Requests is 508,000 OP. With enough budget to go around, an no Mission Request with which we don’t feel comfortable supporting, we’ll be voting in favor of all of them.
Disclaimers:
We will be abstaining from voting for Mission Requests which we have sponsored or proposed.
Furthermore, given the fact that we did not vote for some Mission Requests simply because there wasn’t enough budget under their respective intents (but we still think they’re valuable initiatives that should be funded by the Collective), we’ll be supportive of any initiative to move surplus budgets (e.g. ~0.5M from Intent 4) from other intents around to ensure we fund as many successful Mission Requests as possible.