OP Bulletin: Weekly news and insights on the Optimism Collective 📰

Hey everyone! The OP Bulletin will now be published in this topic.

The OP Bulletin is an initiative to provide the Optimism community with concise weekly summaries of significant events in the Optimism Collective. You can find the three previous editions here: February 22nd, February 29th, March 7th.

OP Bulletin: Mission Requests, EIP-4844, and We :heart: the Art, March 14th

Here we are after a full day of blob memes. Let’s dive into this week’s OP Bulletin.

TL; DR - top 5 of the week

  • 4844 :handshake: OP Mainnet
  • We :heart: the Art winners
  • The Path to Metagovernance
  • R1 Mission Request Preliminary Review Roundup
  • Mission Requests Round 2 open

:globe_with_meridians: Ecosystem News

4844 :handshake: OP Mainnet

Yesterday EIP-4844 went live on the Ethereum mainnet!

The EIP-4844 upgrade introduces protodanksharding, advancing Ethereum’s transaction architecture. This upgrade implements blob-carrying transactions, KZG commitments, and brings changes to the consensus layer storage. These changes collectively lead to a reduction in operational costs, marking a crucial milestone in Ethereum’s scaling efforts.
Implementation went live on Optimism at midnight and transaction costs in OP Mainnet went way down. Median transaction costs for OP Mainnet are just ∼ $0.02 USD!

We :heart: the Art winners

On Monday the final list of We :heart: the Art winners was announced!

We :heart: The Art is an initiative to celebrate onchain artists. The contest split a pool of 1,200,000 OP prize between four categories. Over 7,000 creators submitted their art, judging took multiple rounds until the 188 winners were selected. Read the full announcement.

Fault proofs to OP Sepolia

According to Kelvin Fichter and Ryan Wyatt, permissionless fault proofs will be shipped to OP Sepolia testnet in about 6 days.


:newspaper: Governance News & proposals

Discussion: The Path to Metagovernance

Metagovernance is the process of governing governance. In Optimism, the Collective gradually takes on more responsibility for the system and governance responsibilities, facilitated by the Foundation based on community feedback.

The Path of metagovernance post discusses the roadmap by which proposing design changes to the system will evolve over time. It outlines how the community is currently involved and the ‘path to metagovernance’, multiple phases to further include the community in metagovernance and gradually formalize the feedback process on governance design.

Phases are still in development. However, building shared context within the Collective is necessary to move into Phase 1, where community feedback will be incorporated during the design process. You can browse through the Optimism Open Metagovernance Design Resources in the Collective DAO Archives. Lavande also walked through this post and provided more useful context in this week’s Collective Community Call, here’s the recording.


:dollar: Grant News

R1 Mission Requests - Preliminary Grant Review Roundup

Before moving to the Decision Period, the Grant Council posts a Grant Review Roundup. This Preliminary Review of Round 1 was posted earlier today. All submissions were thoroughly evaluated and 105 proposers will be considered for Final Review. Cycle 19 Final Grant Decisions Roundup deadline is set for Mar 27th.

Some Mission Requests will not be receiving submissions in round 2, these were marked as ‘closed’. Only round 1 finalists will be considered for these. Mission Requests marked as ‘continue’ or ‘push forward’ will open in round 2, with the distinction that ‘continue’ MR will choose finalists and open again for submissions, while ‘push forward’ will consider finalists from round 1 at the end of round 2.

Check out the Preliminary Review Roundup.

Mission Requests Round 2

The submission period for Mission Requests Round 2 opened today at 7pm GMT for all existing mission requests except these:

Intent 3

  • An optimistic future for art
  • Delivering a best in class perp DEX MR
  • Superchain Accounts

Intent 4

  • Building Identity - driving adoption of attestations
  • Making impact evaluation accessible
  • Grants Supertracker

Those interested in applying for the available Mission Requests can prepare their submissions by reading the Charmverse and Mission Application Guide. As always, if you have any questions you can ask your questions on the #mission-grants channel in the Optimism Discord or attend the Grants Council Office Hours on Monday, link in the Governance Calendar.


:ballot_box:Voting Reminders

No active proposals at the moment.


Upcoming Calls

  • Grants Council Office Hours [Monday, March 18th]
  • ACC Office Hours [Thursday, March 21st]

You can add Optimism governance calls to your calendar here.


:red_circle::sparkles: Optimism Collective Resources


:saluting_face: Stay Connected, Stay Informed

Every week, we analyze new proposals, summarize discussions, and provide you with the tools to bring informed contributions to the Collective.

Follow us on X and Substack .

Would love to hear your feedback!

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OP Bulletin: Bounty for artists, feature complete fault proofs, and the Superchain Dev Console, March 21st

This week’s OP bulletin is packed with ecosystem news and grant news and discussions. Dive in!

TL;DR

  • New Superchain Dev Console
  • Feature-complete fault proofs on OP Sepolia
  • Demo Day now livestreamed
  • Aave Gotchi is exploring the OP Stack
  • The Superchain App Accelerator
  • Fraxtal on the Superchain
  • Discussion on Retro Citizens Rewards
  • Code of Conduct Council feedback
  • Visualize the Superchain and get a bounty
  • Apply for a Mission Request

:globe_with_meridians: Ecosystem News

New Superchain Dev Console

A sneakpeak was shared during today’s Demo Day of the new developer portal for Superchain developers. This new portal provides testnet faucets, you can also get customized UX feedback, developer support channels and more tools to help you build, launch, and grow your app on the Superchain.
Check it out.

Feature-complete fault proofs on OP Sepolia

The OP Labs Team announced the deployment of feature-complete fault proofs on OP Sepolia testnet, enabling permissionless validation. This marks the first open source, permissionless, feature-complete fault proof system in the Ethereum ecosystem.

Now, withdrawals of ETH and ERC-20 tokens from OP Stack chains can be initiated without involvement from a trusted third party. Invalid withdrawals can be challenged and removed by any participant in the protocol. Additionally, a fault proof framework for the OP Stack has been launched, making it easier to integrate more proof systems into existing smart contracts.

Moving forward, the team plans to deploy on mainnet with the ultimate goal of achieving “multi-proof nirvana,” which eliminates the current reliance on security councils. Read the announcement.
Read an overview on the current fault proof system.

Demo Day in their livestream era

Demo Day focuses on showcasing projects across the Superchain and giving these projects community feedback. Demoday used to be broadcasted on Discord, but is now available on the Unlonely app and Optimism’s X account.
This week we listened to Blockjoy and Matters Town.
Check out this week’s broadcast

Aave Gotchi is exploring the OP Stack

Gotchi Chain, the upcoming L3 rollup dedicated to Aavegotchi Gaming, will be secured by Base and is currently exploring using the OP Stack to enhance the chain.
Read the article.

Last week also brought us two exciting news:

The Superchain App Accelerator

Third Web partners with Optimism to bring the Superchain App Accelerator.

The accelerator will offer credits for developers to build apps on different Superchain networks with seamless user experiences, easy onboarding, and no gas fees. The $3M fund will focus on bringing the cost of building & using onchain apps to zero.
Read more.

Fraxtal on the Superchain

Last week, Fraxtal, the modular L2 chain built by Frax Finance launched on mainnet!

Fraxtal uses the OP Stack for its smart contract platform and execution environment, with a settlement layer built for L3, apchains and rollups from any stack. Fraxtal vision includes focusing on interoperability and continuing to collaborate with the Superchain.
Read the Superchain Eco post.


:newspaper: Governance News & proposals

:exclamation: Voting Cycle #20 Voting Period begins today

Discussion on Retro Citizens Rewards

After finalizing RetroPGF3 and sharing the learnings on the latest round, it was announced citizens will be rewarded for their extensive work in reviewing projects. Collectively citizens submitted more than 10,000 votes in Retro Funding 3.

A specific point in the published criteria is generating discussion between some citizens as it rewards voting for 58+ projects. Some citizens argue this should be improved in further iterations as it deters citizens’ individual strategies of concentrating in reviewing all but concentrating their voting in a few high impact projects.
Read the discussion.

Code of Conduct Council feedback

The CoC Council is still receiving feedback on different approaches they’ve been exploring. These include:

  • Amendments to the procedure following the receipt of a report
  • Issuing reputational and mutual acknowledgment attestations for OP citizens, highlighting positive actions
  • Whitehat Safe Harbor Agreement, a framework in which protocols can offer legal protection to whitehats who aid in the recovery of assets during an active exploit
  • Proposal to Alter Token House Code of Conduct Council Charter for following Seasons. Considering the extensive labor in crafting CoC reports, the council proposes to extend deadlines for reports. Timeframes for the new deadline are open to discussion

Read more and provide feedback.


:dollar: Grant News

Foundation Mission: Visualize the Superchain

Optimism is running a $2500 USDC bounty for artists interested in visualizing the Superchain. The top three submissions will receive 1500 for first place, 750 for second place, and 250 for third place. Any format is welcome: sketch, illustration, motion, etc. Submissions will be judged by the Optimism Unlimited Marketing and Design teams.
Learn more and submit your art by March 25th.

Apply for a Mission Request

Round 2 submission period is ongoing! Review the open Mission Requests and submit your project before Wednesday March 27th 19:00 GMT.

Prepare your submissions by reading the Charmverse and Mission Application Guide. As always if you have any questions you can ask your questions on the #mission-grants channel in the Optimism Discord or attend the Grants Council Office Hours on Monday, link in the Governance Calendar.


:ballot_box: Voting Reminders

No active proposals at the moment.


Upcoming Calls

  • Grants Council Office Hours [Monday, March 25th]
  • ACC Internal Meeting [Thursday, March 26th]
  • Joint House Community Call [Thursday, March 26th]

You can add Optimism governance calls to your calendar here.


:red_circle::sparkles: Optimism Collective Resources


:saluting_face: Stay Connected, Stay Informed

Every week, we analyze new proposals, summarize discussions, and provide you with the tools to bring informed contributions to the Collective.

Follow us on X and Substack.

Comment below or on X - would love to hear your feedback!

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OP Bulletin: RetroPGF 4 and beyond, Collective Feedback Commission, onboarding OP Chains, March 28th

This week’s newsletter is packed with governance and grants announcements.
Jump in!

TL;DR

  • Velodrome to become the Superchain’s liquidity hub
  • Builder Ideas dashboard revamped
  • Superchain Dev Console launch
  • Introducing the Collective Feedback Commission
  • Onboarding OP Chains to Optimism Governance
  • Curia’s Governance dashboard updates
  • Token House participation and incentives report
  • RetroPGF: a new era
  • Mission Requests R2: last day to apply!
  • Mission Requests: Developer Advisory Board reviews

:globe_with_meridians: Ecosystem News

Velodrome to become the Superchain’s liquidity hub

Velodrome, the trading and liquidity marketplace on Optimism, is evolving to become the liquidity hub of the Superchain. Velodrome will begin this expansion with Mode Network, a DeFi optimized modular L2, introducing Velodrome’s AMM and gauge technology.
Read about Velodrome’s partenership announcement

Builder Ideas dashboard got revamped

The contributor dashboard contains ideas to redirect builders towards projects that are needed within the Optimism Ecosystem. These include developer tooling ideas, dapp ideas, protocol infrastructure ideas and more. While it’s not an avenue to get a grant or get guaranteed rewards, it’s a great way to get started contributing in relevant impact areas.
Explore Builder Ideas

Superchain Developer Console launched

After showcasing a sneak peak in last week’s Demo Day, the new Superchain Developer Console was officially unveiled.

The Dev Console serves as a one-stop-shop for builders on the Superchain. It helps app developers build, launch and scale businesses in the Superchain. This includes a Superchain faucet, a testnet paymaster to get your testnet transactions sponsored, UX feedback, user feedback, a way to amplify your launch through Superchain marketing channels.

Check out the Superchain Console


:newspaper: Governance News & proposals

Introducing the Collective Feedback Commission

The Collective is progressing to gradually include the community in metagovernance. As part of Phase 1 of this process, the Foundation announced the Collective Feedback Commission.

The Commission serves as a group of highly engaged community members that will be involved earlier in governance design, providing feedback on early design drafts when necessary. The Commission will include 10 Citizens and 15 delegates who qualified based on their previous contributions. The Foundation will reach out to qualifying members as they must opt-in to the Commission before March 31st. The Commission’s 6-month trial period will begin April 1st.

Additionally, as part of Phase 1, frequent polls will be conducted on low-context design parameters, open to any community member’s input.

Announcement and qualifying members | The Path to Metagovernance | Check out The Collective DAO Resources for context on DAO design

Onboarding OP Chains to Optimism Governance

The Foundation announced measures to ensure active, aligned and informed participation of OP Chains in the Optimism Collective. In 2024, 5 to 10 more OP Chains will be brought into the Collective, increasing the number of high impact contributors building the Superchain.

Measures include: onboarding through the Chain Delegation Program before unlocking voting power through their grants, strong recommendations to get involved in governance and integrate community feedback, potential recommendations to delegate voting power, and voting caps may be applied.

Read more on the forum post

New updates on Curia’s Governance dashboard

The Optimism Governance Dashboard by Curia released a new version including enhanced UI and updates reflecting delegate’s partial delegation. Each delegate’s profile provides insights into voting power sources.
Explore the new updates

Token House participation and incentives report

The report introduced by @Joxes and team evaluates the progress of governance within the Optimism Collective during Season 5 (Cycles 16 to 19). The report provides insights on the state of the Collective, participation and voting, delegate activity, among other insights with the aim to gather useful data to improve future processes.
Read the report


:dollar: Grant News

RetroPGF: a new era

The Collective will allocate 850M OP to Retro Funding from the initial token supply to reward impact across Optimism, and the Superchain.

After RetroPGF3 learnings and feedback on Citizen workload, Retro Funding will transition from the RetroPGF traditional approach of broad scoped rounds to narrowly scoped round. The announcement outlines the next four rounds:

  • Retro Funding 4: Onchain Builders - May 2024
  • Retro Funding 5: OP Stack - late July/August 2024
  • Retro Funding 6: Governance - August 2024
  • Retro Funding 7: Dev-tooling - October 2024

The announcement also outlines details on two types of experiments that will be conducted on Retro Funding 4-7 to evaluate different types of impact. Read the details on the forum post.

Details on the application process are expected in the next few weeks. Each round will last about 2 and a 1/2 months and the specific amount of rewards allocated will be announced 8 to 12 weeks before its start.

Contributions that are outside of the scope of upcoming retro rounds include consumer facing tools, education initiatives and events. The Optimism Collective can still support these contributions via Token House Missions or in future Retro Funding rounds.

Announcement | Forum post discussion

Mission Requests R2: last day to apply!

The Grants Council extended the round 2 application deadline to the 29th of march 19:00 GMT.

Read through the Mission Application Guide and submit your project through Charmverse. If you have any last minute questions you can ask your questions on the #mission-grants channel in the Optimism Discord. Keep in mind the penalty for last minute applications is already in place, all applications submitted after March 25th 19:00 GMT get a two point reduction in scores.

Mission Requests: Developer Advisory Board reviews

The Developer Advisory Board reviewed all the Intent 1 Mission Requests finalists elected by the Grants Council. You can find their advice on this post.


:ballot_box: Voting Reminders

No active proposals at the moment.


Upcoming Calls

  • Grants Council Office Hours [Monday, April 1st]

You can add Optimism governance calls to your calendar here.


:red_circle::sparkles: Optimism Collective Resources


:saluting_face: Stay Connected, Stay Informed

Every week, we analyze new proposals, summarize discussions, and provide you with the tools to bring informed contributions to the Collective.

Follow us on X and Substack.

Would love to hear your feedback!

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OP Bulletin: Redstone and the Superchain, RetroPGF verification, ACC new members | Apr. 4th

This week brings a shorter newsletter after last week’s RetroPGF, Collective Feedback Commission and Onboarding OP Chains announcements. Let’s begin!


TL;DR - top news of the week

  • Redstone :handshake: Superchain
  • RetroPGF 3 verification powered by EZKL
  • Anticapture Commission welcomes new members
  • Catch up on The Collective DAO Resources
  • MACI-RPGF round on OP Sepolia
  • Mission Requests Review period
  • Ongoing discussion: upcoming Retro Funding rounds

:globe_with_meridians: Ecosystem News

Redstone :handshake: Superchain

Redstone, the chain for onchain games and other applications building on the Superchain is approaching mainnet launch on May 1st. As the date approaches, the Redstone community, including projects like Small Brain Games and Moving Castle, will debug and battle-test their apps on Redstone.

Read the announcement

RetroPGF verification powered by EZKL

The @ezkl team worked on proving the correctness of RetroPGF 3 results through a cryptographic proof. This aims at confirming allocation corresponds to votes cast by badgeholders while maintaining the privacy of these votes.

Through EZKL’s website you can now run proof verification in your browser. You can also tamper with the proofs and OP rewarded to verify they fail or succeed when changed.

Read and provide feedback | Website


:newspaper: Governance News & proposals

Anticapture Commission welcomes new members

After re-evaluation of ACC membership criteria, three new members, @itublockchain, @Griff, and @she256, joined the commission. These individuals met the new criteria:

  • They maintained a voting participation of at least 70%, with more than 3 votes cast.
  • Delegates who cast their first vote in 2022 were eligible with a voting participation of at least 65%.
  • They have received retro rewards for their contributions to governance.

The Anticapture Commission represents the interests of individual delegates, and prevents actions that may result in the capture of the Token House by any one tokenholder or group of tokenholders.
Announcement | Learn more about the ACC

Catch up on The Collective DAO Resources

Through the Path to Metagovernance, the Optimism Collective will gradually take on more governance and system responsibilities, facilitated by the Foundation. As part of this roadmap different initiatives will further involve the Collective in DAO design.

The path outlines the importance of building shared context in DAO and governance design principles. As part of this process, The Collective DAO Resources open-source useful principles and processes to begin building this shared context. If you’re interested in getting involved with governance, next week’s community call will include an overview on these resources.

Check out The Collective DAO Resources | Optimism Governance Calendar


:dollar: Grant News & Discussion

MACI-RPGF on OP Sepolia

In February, @samajammin proposed a project to add private bribery-resistant on-chain voting for Retro Funding upcoming rounds. The RetroPGF stack would be integrated with MACI, a privacy-focused on-chain voting platform. User registration, voting data and poll logic is stored on-chain, while tallying the votes would be offchain with ZK Proofs to guarantee its correct execution.

A Retro Funding powered by Maci would bring security benefits to voting: improving transparency, ensuring badgeholders cannot be censored or manipulated and users cannot verify how any specific user voted.

This Tuesday RPGF-MACI deployed on OP Sepolia testnet, and you can now demo it:
Read the proposal | RPGF-MACI demo

Mission Requests in Review Period

Submission period ended on Mission Requests round 2.

We’re now in the Review Period until April 24th, when the Grant Council will post the Grant Review Roundup. This roundup will feature the finalists selected for further consideration during the Decision Period.

Ongoing discussion: upcoming Retro Funding

As described on last week’s OP Bulletin, the 2024 Retro Funding rounds were announced.

The Collective will allocate 850M OP to Retro Funding from the initial token supply to reward impact across Optimism, and the Superchain. Each round will have specific scopes and two evaluation experiments will be implemented to evaluate the scope’s different types of impact. These adjustments address the Collective’s feedback to reduce and clarify the scope. The announcement also aims at sharing scope and experiment information with time to bring more previsibility into the process.

The announcement continues to spark comments from DAO members particularly surrounding projects that may no longer qualify for 2024 Retro Funding rounds, as well as inquiries about the evaluation systems in place.

Announcement | Read the discussion


:ballot_box:Voting Reminders

No active proposals at the moment.


Upcoming Calls

  • Grants Council Office Hours [Monday, April 8th]
  • Collective Community Call [Tuesday, April 9th]
  • ACC Office Hours [Thursday, April 11th]

You can add Optimism governance calls to your calendar here.


:red_circle::sparkles: Optimism Collective Resources


:saluting_face: Stay Connected, Stay Informed

Every week, we analyze new proposals, summarize discussions, and provide you with the tools to bring informed contributions to the Collective.

Subscribe to our newsletter in Substack opbulletin.substack.com

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OP Bulletin: New voting proposals, Mode Yield Accelerator | Apr. 11th

TL;DR - top news of the week

  • Introducing the Mode Yield Accelerator
  • Alchemy AA features for Zora and Frax
  • DAO Design Principles presentation
  • :ballot_box: Improve advanced delegation voting
  • :ballot_box: Intents Budget Proposal #2
  • Cycle 22 Submission Roundup is published

:globe_with_meridians: Ecosystem News

Mode introduces the Mode Yield Accelerator

Mode Network announced the Mode Yield Accelerator, aimed at growing native projects within the Mode ecosystem, particularly those focused on Yield and DeFi. The accelerator is now open for registrations and runs until June 2024.

The program includes partnerships with Optimism among other projects. Eligible projects should integrate yield into their products or utilize DeFi primitives from partners. Various categories like DeFi, Restaking, SocialFi, and AI are encouraged.

Learn more

Alchemy <> Zora and Frax

Alchemy offers its Account Abstraction features for Zora and Frax, joining Base and OP Mainnet which are already supported. This includes features like Embedded Accounts, AA infrastructure, Modular Account Contracts, Alchemy Signer, and AA-SDK.

Learn more about Alchemy’s AA product suite and how you can start building on Zora and Frax here.


:newspaper: Governance News

:exclamation:Voting Cycle #21 Voting Period begins today, see Voting reminders.

DAO Design Principles

Lavande presented the 11 DAO Design Principles to the community on Tuesday’s Community Governance Call. This collection of principles together with the DAO Function are both used in the design of the Optimism Collective.

Learn more about DAO design through The Collective DAO Archives, an open source public good that showcases documents, blueprints, tools and principles in design.

:ballot_box: Voting Reminders

Improve advanced delegation voting

Action proposed: governor contract upgrade

This proposal by Agora updates the Token House’s governance smart contract after the last governor update which included advanced delegation, allowing token holders to delegate their voting power to multiple delegates without splitting their balance.

The change would upgrade the governor contract, allowing delegates who have received advanced delegation to vote by signing only one transaction and providing a better experience.

If approved, a Citizen’s veto vote will follow from April 18th to April 24th before implementation.

Read the proposal and access Open Zeppelin’s audit | Cast your vote before April 17th

Season 5: Intents Budget Proposal #2

Action proposed: redirect funds towards Mission Requests

The Grants Council proposes using the 1.040.000 OP intended to return to the Gov Fund towards 5 Mission Requests. Additionally, the Grants Council will allocate 1M OP to 3 other missions, this 1M OP amount has already been approved in the Token’s House Budget.

This funding for these mission requests allows for the Grant Council not to decrease the number of finalists in Cycle 22 compared to the previous cycle.

Read the proposal | Cast your vote before April 18th


:dollar: Grant News

Cycle 22 Submission Roundup is published

Before moving to the Decision Period, the Grant Council posts a Grant Review Roundup.

Last Friday, the Grants Council posted the Cycle 22 Submission Roundup. In this cycle, the Grants Council received 230 submissions. It will now review those applications together with the 54 applications from round 1 that were passed forward to be considered with round 2 finalists.

Grantees for Cycle 22 will be announced on May 8th.

Read the Submission Roundup


Upcoming Calls

  • Grants Council Office Hours [Monday, April 15th]
  • ACC Office Hours [Tuesday, April 16th]

You can add Optimism governance calls to your calendar here.


:red_circle::sparkles: Optimism Collective Resources


:saluting_face: Stay Connected, Stay Informed

Every week, we analyze new proposals, summarize discussions, and provide you with the tools to bring informed contributions to the Collective.

You can also support OP Bulletin newsletter by following us on opbulletin.substack.com

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OP Bulletin: Retro Funding 4 - 10M OP to reward Onchain Builders | Apr. 18th

TL;DR - top news of the week

  • World Chain joins the Superchain
  • EIP-4844 reduced 99.5% L1 Superchain costs
  • Mint joins the Superchain
  • Zeeve extends RaaS support to the Superchain
  • Improve advanced delegation proposal moves to the Citizen’s House
  • Intents Budget Proposal #2 succeeded
  • Retro Funding 4: 10m OP to reward Onchain Builders

:globe_with_meridians: Ecosystem News

World Chain joins the Superchain

After being on OP Mainnet, Worldcoin launched their own chain within the Superchain ecosystem. World Chain prioritizes verified humans over bots for blockspace and offers gas allowances for casual transactions. It aims to reach millions of users worldwide with utility-focused apps integrated with the Worldcoin protocol.

World Chain is an OP Stack chain that will be heavily targeted for scale, with a short term goal of increasing the L2 block gas limit by a significant factor.

Read the announcement | X announcement | Finding a scalable home for Worldcoin article

EIP-4844 reduced 99.5% L1 Superchain costs

A month after the Dencun and Ecotone upgrades, Optimism assesses the impact on L1 costs. The upgrades reduced costs from 1224.65 ETH spent on the week of March 7-13 to 5.5 ETH spent on April 8-14.

Optimism X article | Check out more data by OP Labs PBC

Mint joins the Superchain

Mint, the L2 focused on the NFT space, announced it will join the Superchain and build on the OP Stack.

“Currently, OP stands as one of the best choices among L2 solutions. As an integral participant in the L2 landscape, OP Stack has demonstrated its worth, aligning perfectly with Mint Blockchain’s mission to drive innovation in NFT standards and protocols.”

By working on Conduit and building with OP, Mint will reduce gas fees, achieve higher transaction speeds and higher composability.

Why Mint Blockchain Embraced OP Stack

Zeeve extends RaaS support to the Superchain

Through this partnership, Zeeve will help deploy, integrate, and manage the underlying Rollup infrastructure, saving time and money, enhancing the Superchain builder experience. This partnership also extends the benefits of the OP Stack to the Zeeve community, including 30,000+ web3 startups.

Read the Zeeve announcement


:newspaper: Governance News & proposals

:exclamation:Voting Cycle #22 Review Period begins today

Last week, the Token House voted on two proposals which have passed:

Intents Budget Proposal #2 succeeded

With 38.31M OP ‘for’ votes, the Intents Budget Proposal seeking to reallocate funds toward Mission Requests succeeded. 1,040,000 OP from the Gov Fund will now support 5 Mission Requests with strong demand. This allows for the Grant Council not to decrease the number of finalists in Cycle 22.

Read the full proposal

Improve advanced delegation proposal moves to the Citizen’s House

This proposal includes a governor update that enables voters with advanced delegated voting power to cast their votes in a single transaction, enhancing and simplifying voting experience. With 54.32M OP ‘for’ votes, the proposal succeeded and now, as it requires updating the governor contract, moves on to a Citizen’s House veto vote.

:ballot_box:Voting Reminders

Citizens House: Improve advanced delegation voting

Citizen’s may veto the proposal Governor Upgrade #1: Improve advanced delegation voting. If you disagree with the proposal that succeeded Token House voting, you may cast your vote until April 24th. A veto requires 45 veto votes.

If you do not wish to veto but would like to register your participation in this voting cycle, you may select “No Veto”.

Deadline: April 24th on Snapshot


:dollar: Grant News

Retro Funding 4: 10M OP to reward Onchain Builders

Details on the upcoming round of Retro Funding 4 were unveiled earlier today! Retro Funding 4 will allocate 10M OP to onchain builders who have positively impacted the Optimism ecosystem between October 2023 - June 2024.

Who can apply? Projects building across the Superchain, deploying contracts in one or more OP Chains, who have increased demand for blockspace and driven value to the Collective. OP Chains include: OP Mainnet, Base, Zora, Mode, Frax and Metal.

Impact that will be rewarded in this round:

  • Demand generated for Optimism Blockspace
  • Interactions from repeat Optimism users
  • Interactions from Optimism users with high trust scores
  • Interactions of new Optimism users
  • Open Source license of contract code

Voting and metrics

As outlined in a previous post, Retro Funding 4 will implement Metrics-based Evaluation for voting. Instead of badgeholders voting on individual projects, they’ll select and weigh impact metrics. Citizens’ input will shape these metrics. More details on this will be announced soon.

Preliminar dates:

  • Sign up: May 23rd - June 6th
  • Application Review Process: June 6th - June 18th
  • Voting: June 23rd - July 8th
  • Results & Grant delivery: July 15th

Read the full forum post


Upcoming Calls

  • Grants Council Office Hours [Monday, April 22nd]
  • Joint House Community Call [Tuesday, April 23rd]

You can add Optimism governance calls to your calendar here.


:red_circle::sparkles: Optimism Collective Resources


:saluting_face: Stay Connected, Stay Informed

Every week, we analyze new proposals, summarize discussions, and provide you with the tools to bring informed contributions to the Collective.

You can also subscribe to the OP Bulletin newsletter through Substack: opbulletin.substack.com

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OP Bulletin: Protocol Upgrades are coming and Retro Funding 4 application process | Apr. 25th

TL;DR - top 5 of the week

  • Celo to build on the OP Stack
  • Lisk partners with Rarible
  • Improve advanced delegation proposal passed
  • Protocol Upgrades are coming
  • Retro Funding 4: application and review process
  • Optimism Collective Speed Networking this Friday!

:globe_with_meridians: Ecosystem News

Celo to build on the OP Stack

On Earth Day, April 22nd 2024, Celo celebrated its 4th anniversary with an announcement: its migration to become an L2 building on top of the OP Stack.

Following Celo Labs’ proposal for the blockchain’s migration at last year’s ETHCC, a community vote and multiple tests Celo implemented a hard fork to prepare for the migration. This will bring many benefits for Celo, including reduction in block time, a 50% increase in throughput and enhanced security bridging to Ethereum. “Building with the OP Stack allows a clear path to deploy an L2 without compromising Celo community needs”

Celo anticipated the launch on the OP Stack on testnet could happen as early as Summer 2024. Welcome to the OP Stack, Celo!

Read the announcement | Hear more about Celo’s journey to join the Optimism Collective

Lisk partners with Rarible

Lisk, a member of the Superchain not yet on mainnet, has partnered with Rarible. This partnership will enable Rarible SDK + APIs for all Lisk builders. This will allow apps, wallets, and marketplaces on Lisk to have real-time access to the status of NFT ownership and their origins.

Read more here.


:newspaper: Governance News & proposals

:exclamation:We are in Voting Cycle #22 Review Period

Improve advanced delegation proposal passed

After passing the Token House vote, the proposal moved on to the Citizens House Veto vote. The proposal passed, receiving no veto votes.

The “Improve advanced delegation” proposal includes a governor update that enables voters with advanced delegated voting power to cast their votes in a single transaction, enhancing and simplifying voting experience

Learn more about the proposal

Protocol Upgrades are coming

On this week’s Joint House Community Call, Ben Jones provided an overview of different protocol upgrades that the Optimism Collective will be voted on Voting Cycle #23A (May 23 - May 29).

  1. Governor Upgrade including UX improvements and bug fixes.
  2. Protocol Upgrade: This upgrade will bring Fault Proofs on mainnet. Feature completeness will be high, this upgrade will allow anyone to propose the state of Optimism, and anyone to prove them wrong permissionlessly.
  3. Protocol Upgrade: Pause structure modification. This upgrade will shift the ability to pause in the event of an emergency over the Security Council, resulting in both the Security Council and Foundation having the ability to pause the system. In the event of capture, the Security Council will be able to revoke the Foundation’s pausing ability.

Both protocol upgrades prepare Optimism for Stage 1.

More details to be announced when the proposals are published.

:ballot_box:Voting Reminders

No active proposals at the moment.


:dollar: Grant News

Retro Funding 4: Application process

As introduced in this post and this post, Retro Funding 4 applicants will be evaluated according to metrics. Yesterday new details for the application process and review were posted. Here’s what you need to know.

Eligibility Requirements

Beyond meeting the scope, projects are required to collect certain artifacts before applying, including verification of ownership of the project’s Github Repo, verification of ownership over a contract or set of contracts, and providing verification over NPM packages.

What’s new in the application process

You’ll need to sign in via a Farcaster account. This will aid in account recovery and allow for a project to change their address and email associated if needed. Retro Funding hopes to benefit from these functionalities among others such as account verifications - which enables users to import elements of their identity (NFTs, ENS) from their other Etherum accounts. Additionally, signing in through Farcaster allows for long term individual and project identity.

You will need to create a project before beginning the application process. This decision is based upon learnings from previous rounds, allowing for a lasting project’s identity instead of it being related to a specific application. Separating applicants from projects reflects the nature of projects as it makes it possible for projects to be run by multiple people, and for those people to change over time. It enables projects to build reputation by consistently creating impact and receiving funding, as well as for individuals to build their own reputation.

Read more details | Retro Funding 4 Checklist for Builders and Voters | Retro Funding 4 post

Retro Funding 4: Application Review Process

The Application Review Process for Retro Funding Round 4 has been released. This includes a proposed review process for Retro Funding rounds. Read it here.

The post also goes over the application review process for Retro Funding 4:

  1. Eligibility criteria and application rules are established
  2. Retro Funding application submissions: the sign up flow is enforcing some of the eligibility criteria (e.g. applicant needs to provide Github, onchain contracts etc.)
  3. Application review Phase 1. Applications that don’t meet eligibility criteria or are spam will be automatically excluded. Applications then move to a Manual Human review.
  4. Appeals: All applicants excluded in review phase 1 can hand in an appeal
  5. Application review phase 2: appeals are reviewed by badgeholders
  6. Application attestation: Following application review, attestations which indicate approval or rejection are issued for each Retro Funding application.

Additionally, the post includes the draft of application rules for round 4.


Upcoming Calls

  • Joint House speed networking session: an opportunity to get to know governance members [Friday, April 26th]
  • Grants Council Office Hours [Monday, April 29th]
  • ACC Office Hours [Thursday, May 2nd]

You can add Optimism governance calls to your calendar here.


:red_circle::sparkles: Optimism Collective Resources


:saluting_face: Stay Connected, Stay Informed

Every week, we analyze new proposals, summarize discussions, and provide you with the tools to bring informed contributions to the Collective.

You can also subscribe to the OP Bulletin newsletter through Substack: opbulletin.substack.com

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OP Bulletin: deliberative processes experiment and introducing backstop grants | May 2nd

TL;DR - top news of the week

  • Redstone is live on Mainnet
  • Article: 336K+ creators on the Superchain
  • Nym <> Superchain
  • Code of Conduct Council amends Internal Procedures
  • GovScore adds Vote with Reason
  • Discussion: Individual Contribution Logs
  • Deliberative Processes Experiment in the Collective
  • Introducing Backstop Grants
  • Retro Funding 4 livestream

:globe_with_meridians:Ecosystem News

Redstone is live on Mainnet

Built and developed by Lattice, Redstone supports autonomous worlds and MUD applications. Redstone marks the first OP Stack chain to deploy with Plasma Mode, an alternative data availability protocol and a key feature for the OP Stack developed by Lattice and OP Labs.

“Historically, OP Stack Chains have relied on the Ethereum Mainnet for data availability. Now with Plasma Mode, anyone can deploy an OP Stack Chain with the data availability layer of their choosing, greatly reducing transaction costs while maintaining security.” Read more in the Optimism Collective Article.

Article: 336K+ Artists & Creators Now Call the Superchain Home

Optimism revealed an article showcasing the impact that We :heart: The Art has had on the Superchain. Since the beginning of the event on November 3K+ first-time creators were onboarded, 184K+ creators created art on the Superchain, and throughout 2024 unique creators and NFT minting has consistently grown. Read the article

Nym <> Superchain

Nym will now offer early access NymVPN to the Optimism Ecosystem. NymVPM is built on the Nym mixnet and offers privacy protection. With its ZK infrastructure and other features like multi-hop default routing it ensures your online activities remain secure and anonymous.

Nym will be part of the Superchain Demo Day on May 9th, live on the Unlonely app and via Optimism’s X account. Join the session to learn more about Nym and its tech!

Read more


:newspaper: Governance News & proposals

:exclamation:We are in Voting Cycle #22 Voting Period

Code of Conduct Council amends Internal Procedures

Amendments on the Internal Procedures include: details on addressing, notifying and evaluating a report, procedures on reported parties subsequent violations, among others. These aim to clarify the original procedures outlined for the CoCC.

Check out the updated Internal Procedures of the CoC Council and leave feedback on the new amendments.

GovScore adds Vote with Reason

GovScore, the platform that helps token holders find Optimism delegates based on their onchain history, has added ‘Vote with Reason’ to its aggregated metric calculation. GovScore is now computed taking into account your recent voting history, voting power level, having an onchain identity and justifying their reason behind their vote casting.

Check out GovScore | Read more

Discussion: Individual Contribution Logs

@lovegrovegeorge proposes incorporating individual contribution logs as a way to record an individual’s contribution efforts and its potential benefits to the community. These advantages include improved contribution verification, performance based decision making, improved identification of impact, more accountability, among others.

Read more here

:ballot_box:Voting Reminders

No active proposals at the moment.


:dollar: Grant News

New Deliberative Processes in the Collective

During Retro Funding 4, Optimism will experiment with deliberative processes by randomly selecting 50 voters to discuss a topic relevant to the round. The topic will be facilitated by rnDAO and Missions Publiques, who are specialized in designing and running such processes.

Selected voters will participate in plenary and subgroup settings across 2 sessions on May 30th and June 6th. Between sessions, the community will be able to comment on the draft output of the deliberation. Additionally, the plenary sections will be opened to the full set of voters.

The Citizens’ House will ratify the output of the deliberative process before Round 4 voting begins and after it will be incorporated directly into the Retro Funding 4 voting mechanism.

More details to be announced before the random selection of voters begins.

Read more

Introducing Backstop Grants

Backstop grants provide a path for teams to commit building in Optimism full-time. In instances where the Foundation would make a Partner Fund grant, a milestone-based backstop grant can be made for a token amount over a specified time period and specified scope of work.

Target grantees : builders dedicating all or a majority of their work to the Collective.

How it works
Selected grantees will be encouraged to participate in Retro Funding rounds that match their contribution. If the grantee receives a lesser amount than their grant, the Foundation will cover the remainder to meet that amount. If the amount is met in the round, the grantee will not receive any additional tokens. Amounts for backstop grants will not be disclosed so voters can assess a project’s impact without its influence.

Backstop grants don’t replace Retro Funding, which still remains the long-term source of support for teams.

Read the announcement

Retro Funding 4 livestream

On Tuesday, @Jonas, @bobby and other builders of the community participated in a livestream answering questions and giving tactical advice about the round. If you missed it check it out.


Upcoming Calls

  • Grants Council Office Hours [Monday, May 6th]
  • ACC Office Hours [Tuesday, May 7th]
  • [BADGEHOLDERS ONLY] Retro Funding 4: Impact Metrics Workshop [Tuesday, May 7th]

You can add Optimism governance calls to your calendar here.


:red_circle::sparkles: Optimism Collective Resources


:saluting_face: Stay Connected, Stay Informed

Every week, we analyze new proposals, summarize discussions, and provide you with the tools to bring informed contributions to the Collective.

3 Likes

OP Bulletin: Metal joins the Superchain, more details on Retro Funding’s deliberative process | May 9th

TL;DR

  • Optimism Article: L3s on the Superchain
  • Metal joins the Superchain
  • Velodrome is live on Mode
  • CoC Council and Developer Advisory Board Retrospective
  • Retro Funding: deliberative process to define profit
  • Foundation Mission Request: Measuring Concentration of Power
  • Cycle 22 Final Grants Roundup
  • Audit Requests S5 Final Roundup

:globe_with_meridians: Ecosystem News

Article: L3s on the Superchain

The Superchain vision embraces L3s!

Optimism will support L3s with two key features. It will enable custom gas tokens. Projects that have built a community around their L2 native token can evolve into a L3 while using their token as a gas token. Additionally, Plasma Mode, an alternative data availability protocol, can be leveraged by L3s. This will reduce L3s’ transaction costs while unlocking high throughput.

Read more

Metal joins the Superchain

Metal, the L2 launched by Metallicus, joins the Superchain. Metallicus aims to bridge the worlds of DeFi and TradFi with its diverse features. Metal will provide “direct connections to banks, payment partners and comprehensive onchain identity solutions”.

Read the announcement

Velodrome is live on Mode

Velodrome, the MetaDEX bringing the best primitives in DeFi into a single protocol, aims to serve as the central liquidity and trading hub. This week, it launched on Mode and deployed the first iteration Velodrome Superchain Beta, including features such as self-contained gauges and AMM to enable liquidity bootstrapping, among others.

Velodrome will be working closely with OP Labs to design interoperability for the Superchain to empower chains and protocols in the Superchain. More expansions and additional Superchain deployments coming soon!

Learn more


:newspaper: Governance News & proposals

:exclamation:We are in the Reflection Period and Citizens House Cycle #22 Veto Period

Code of Conduct Council and Developer Advisory Board Retrospective

The Season 5 Retrospective of both governance bodies reflects on different perspectives and conclusions of its members.

Highlights of the CoC Council retrospective:

  • Suggestions around Internal Operating Procedures (IOPs) include closing the gap between the council and the community, as well as maintaining IOPs simplicity.
  • Suggested adjustments to the Charter, including modifying forms to allow for feedback loops and dialogue spaces, timelines, and innovating within the Council.
  • Suggestions for the next Season and future iterations of the Council.

Read the full CoC Council retrospective

Highlights of the Developer Advisory Board retrospective:

  • All goals set at the beginning of the season were completed including assessing technical aspects of Mission Requests, guiding the Grants Council in assessing applications under Intent #1, and advising the Council if required.
  • The DAB recommends integrating the board’s input earlier in the Grants processes, ideally on a rolling basis.

Read the full Developer Advisory Board retrospective


:ballot_box: Voting Reminders

No active proposals at the moment.


:dollar: Grant News

Retro Funding: deliberative process to define profit

After announcing that a deliberation experiment will be part of Retro Funding 4, Optimism revealed the topic to be discussed in the experiment: profit.

Selected badgeholders will deliberate and reach consensus on a definition of profit with an applicable formula. This definition will be ratified by the Citizens House and then applied by each badgeholder’s assessment of applicants. The formula will be used to calculate the amount of past rewards units received, given by instances of past funding as included in the application i.e. grants, revenue, and VC funding. These reward units will be deducted from impact rewards resulting in a project’s final OP allocation.

Ratification requires a quorum of 30% eligible voters and a majority of 51% casted votes. The vote will take place on Special Voting Cycle #23b (June 13th-June 19th).

Overall applying a defined formula to all applicants’ aims to bring some predictability to applicants and reduce voting complexity for badgeholders.

Read more | Experimenting with the Deliberative process

New Foundation Mission Request

The Foundation unveiled a new Mission Request to propose a metric and build a dashboard to measure the concentration of power in the Collective. The approach should build further than widely used concentration metrics such as the Nakamoto Coefficient, and should tailor its approach to the specific design of the Optimism Collective and its governance bodies

Submission deadline: June 3rd

Learn more

Cycle 22 Final Grants Roundup

Season 5 has ended! This post rounds up the experiences and results of the Grants Council grants initiatives during Cycle 22.

Season 5 has seen a 73% growth in applications compared to Season 4, with 530 Mission Request applications and 23 applications corresponding to Audit Requests from elected Service Providers. Cycle 22 kept the selectiveness percentage around 22%. Relative to the initial applications, 24.5% became finalists. Finalists will now be contacted by the Foundation to complete KYC

Meet the finalists for Cycle 22 | See the Final Review Rubrics

Audit Requests S5 Final Roundup

The roundup was published today including an overview of learnings on the audits program and announcements on the selection of a second batch of Smart Contract Auditing Services, as well as approval of 5 Audit Providers.

After thorough evaluation, the second batch of projects selected includes Beefy, Decent.xyz, dHedge, Omni-x, PoolTogether, Quantum Fair and Velodrome. Additionally, the Grants Council has approved a new batch of Audit Providers – Nethermind Security, Spearbit Cantina, Trail of Bis, Halborn, and Sherlock.

Read the roundup


Upcoming Calls

  • Token House Community Call [Tuesday, May 14th]
  • Token House Retroactive Public Goods Funding Round 4 Intro [Wednesday, May 15th]

You can add Optimism governance calls to your calendar here.


:red_circle::sparkles: Optimism Collective Resources


:saluting_face: Stay Connected, Stay Informed

Every week, we analyze new proposals, summarize discussions, and provide you with the tools to bring informed contributions to the Collective. Follow us on twitter @OPBulletin and subscribe on Substack: opbulletin.substack.com

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OP Bulletin: Introducing Season 6, Blockspace Charters, and more

TL;DR

Superchain

  • Cyber joins the Superchain
  • Bello integrates Optimism
  • Caldera <> Superchain
  • Onchain Summer Buildathon

Governance

  • Introducing Season 6: Theme & Intents
  • S6 Token House Nominations: Grant Council, CoC and DAB
  • Introducing Blockspace Charters
  • New upgrade proposals that require approval
  • New proposals that require approval
  • Anti Capture Commission and Grants Council retrospective

Grants

  • Missions v2.5
  • Report: Big picture: The Grants Council

:globe_with_meridians: Ecosystem News

Cyber joins the Superchain

Cyber, previously known as CyberConnect, is an L2 designed for the social space built on the OP-Stack.

With AltLayer’s help managing the technical launch, Cyber is one of the first OP Stack Chains with Plasma Mode deployed to mainnet. By leveraging the OP Stack, ​​Cyber will benefit from low fees, high TPS, and a seamless, the UX necessary to build social apps. Furthermore, Cyber will benefit from qualifying for Retro Funding, and access to an entire onchain economy and a broader user base.

Read more about Cyber on Mainnet | Cyber’s X Announcement

Caldera and the Superchain

Caldera now supports the Superchain for OP Stack rollup deployments on its RaaS platform. Teams can build cross-chain and interoperable apps using Caldera’s RaaS platform, all without risk.

Read more

Bello integrates Optimism

Bello is a tool for marketers and builders that helps you understand and grow your onchain audience. Bello’s tools can help you analyze your audiences’ behaviors to best cater to their needs.

Onchain Summer Buildathon

Base will host one of the largest global online hackathons this summer!

The hackathon will distribute 200 ETH across 8 sponsored tracks and a bonus pool, including: creators, payments, discovery, social, gaming, commerce, unplugged, and trading.

Learn more

:newspaper: Governance News & proposals

:exclamation: We’re in the Reflection Period. From May 9th to May 22nd voters are to review retrospectives, understand the coming season and provide approvals. Season 6 will begin June 27th.

Season 6: News and Nominations

Introducing Season 6: Theme & Intents

Season 6 theme will be “Optimizing to support the Superchain”. It aims to optimize existing programs to better support the Superchain while increasing transparency in the process of transferring governance responsibility to the community.

The Foundation will propose all S6 Intents, ratified by the Token House (to be voted from May 23 to May 29th). Below you’ll find each intent, proposed Gov Fund budget & support:

#1: Progress Towards Decentralization with technical and governance targets, to strengthen the Collective’s value proposition of providing resilient, decentralized, scalable compute.

  • Retro Funding Round 5 and 6 will also support Intent 1.
  • Proposed Gov Fund Budget: 500k OP (for governance processes decentralization).

#2: Bring Chains to the Superchain aiming for 20 new OP Chains in 6 months.

  • All Retro Funding rounds encompass Superchain chains.
  • The Foundation may offer support via Partner Fund Grants.
  • The Gov Fund will not directly support this intent.

#3: Grow Application Developers on the Superchain, supporting demand-generating apps on OP Chains.

  • Retro Funding will support this intent through Round 4 and 7.
  • The Foundation will support this intent through infrastructure partnerships, experiments around identity infrastructure, and funding vertical-specific growth campaigns.
  • Proposed Gov Fund Budget: 18M OP – 6M for builder grants on OP Mainnet overseen by the Grants Council, and 12M OP for chain-specific grant programs listed in the Superchain Registry.

Read more: Season 6 Intents | Season 6 Guide

S6 Token House Nominations: Grant Council, CoC and DAB

Nominations are available to any delegate that would like to run to be a representative. The Collective will assess candidates and get the chance to ask them questions at a Town Hall on the week of June 6 to June 12.

  • Elections will be held on June 13th - 20th.
  • Submit your nomination with the link below using the specified ‘template’ by June 5th.

Code of Conduct & Template | Grants Council & Template | Developer Advisory Board & Template

Superchain Governance: Introducing Blockspace Charters

Season 6 introduces the concept of Blockspace Charters, which are the equivalent to the Operating Manual to the Superchain, providing the specific implementation details for different types of Superchain blockspace.

Implementation of Blockspace Charters responds to the need of users and developers to have an easy way to understand what blockspace has which properties and guarantees and the need of governance to understand how to make decisions about different forms of blockspace.

Read all the details here

Introducing the Collective Rewards Framework

Season 6 introduces a new framework designed to standardize rewards within the Collective.

This framework will be used by the Token House to assess budgets and bring predictability to governance participation rewards given to delegates and citizens. This is the first step towards handing over these responsibilities to a Budget Board, expected for Season 7.

Find the framework here.

:newspaper: New proposals that require approval

Top 100 delegates may provide approvals until May 22nd for the following proposals. If proposals receive 4 approvals, they will be voted on during May 23rd - 29th (Special Voting Cycle #23a.).

S6 Grants Council Operating Budget

Prospective Leads may propose a Grants Council Operating Budget for the season. Delegates should only vote to approve one budget and, when voting, are effectively electing the Lead that has authored an approved budget.

S6 Code of Conduct Council Renewal

Prospective leads can propose a budget for approval. Delegates should only vote to approve one budget and, when voting, are effectively electing the Lead that has authored an approved budget.

If renewed, the Code of Conduct Council would have a scope limited to enforcing the Rules of Engagement, which govern the usage of all Optimism hosted platforms. If successfully renewed for Season 6, the CoCC will become a persistent structure in the Collective. In the event that no budget is approved, the supportNERDs will monitor the forum and enforce the Rules of Engagement. Details here.

Developer Advisory Board Renewal

All prospective leads can propose a budget for approval. Delegates should only vote to approve one budget and, when voting, are effectively electing the Lead that has authored an approved budget. If successfully renewed for Season 6, the CoCC will become a persistent structure in the Collective. Details here.

Inflation adjustment

The Token House may adjust the inflation of the OP token to any value between 0% and 2%. If no draft is proposed or no proposal passes, inflation will remain at the rate last approved by governance (0%). Details here.

:newspaper: New Upgrades to be approved

Top 100 delegates may provide approvals until May 22nd for the following proposals. If proposals receive 4 approvals, they will be voted on during May 23rd - 29th (Special Voting Cycle #23a.).

Protocol Upgrade: Fault Proofs

This protocol upgrade introduces a permissionless Fault Proof system, allowing anyone to propose output roots and participate in disputes, eliminating dependence on a privileged proposer for withdrawals. It includes safety measures preserving the ability of a Guardian role to intervene in emergencies.

The upgrade also lays a foundation for future multi-proof systems, enhancing decentralization efforts. If it is approved and passes the vote, the upgrade will be deployed by the Security Council.

Read more about the proposed upgrade

Protocol Upgrade: Guardian, Security Council Threshold and L2 ProxyAdmin Ownership changes for Stage 1 Decentralization

The upgrade enhances the Superchain’s security and decentralization by increasing the Security Council Safe’s signing threshold to 10 out of 13, assigning the Guardian role to a new Guardian Safe controlled by the Security Council, and appointing the Foundation as DeputyGuardian.

Ownership of the L2ProxyAdmin contract is transferred to the Security Council to ensure control over L2 predeploy upgrades. The changes improve incident response and meet Stage 1 rollup requirements without affecting node operations.

Read more

Governor upgrade: Improvements to advanced delegation allowance calculations

The upgrade focuses on improving the Alligator allowance storage system to handle partial and sub-delegations for OP voters more accurately. This upgrade addresses different issues than the previous Governor Upgrade approved last month.

Since its launch in December 2023, issues with advanced delegation were preventing correct calculation of voting power calculations in certain scenarios. If approved and passed, voters with complex delegation scenarios would be able to see the correct calculations reflected.

Agora does not anticipate any downtime due to this upgrade.
Read more

For more info about timelines on Reflection Period see the Reflection Period Guide.

:newspaper: Other Governance News

Anti Capture Commission and Grants Council retrospective

Both governance bodies published a retrospective on their goals, impact, and suggested modifications. Access them here: ACC Retrospective | Grant Council Retrospective

:ballot_box:Voting Reminders

No active proposals at the moment but the following proposals require approvals from top 100 delegates to be later voted on. Here’s a full list with the links on proposals detailed in the sections above.

:dollar: Grant News

Mission v2.5

Season 6 brings changes to the Mission process. Top 100 delegates will no longer be asked to create or approve Mission Request drafts to reduce the complexity of the process. Now:

  • The Feedback Commission will be able to propose Mission Requests under Intent #1
  • The Grants Council will be able to propose under Intent #3A and The Growth Team of the Foundation under #3B (to facilitate coordination across Superchain initiatives).

All Mission Request drafts will still be voted on by the Token House. The Grants Council will continue to process all applications. Read more about Missions v2.5 and the rationale behind these changes.

Big picture: The Grants Council

SeedLatam published a report on the Grants Council to analyze its impact by compiling public forum data. Read it here.


Upcoming Calls

  • Grants Council Office Hours [Monday, May 20th]
  • Joint House Community Call [Tuesday, May 21st]
  • ACC Office Hours [Thursday, May 23rd]

You can add Optimism governance calls to your calendar here.


:red_circle::sparkles: Optimism Collective Resources


:saluting_face: Stay Connected, Stay Informed

Every week, we analyze new proposals, summarize discussions, and provide you with the tools to bring informed contributions to the Collective.

You can also subscribe to the OP Bulletin newsletter through Substack: opbulletin.substack.com

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OP Bulletin: Retro Funding 4 is here! | May 23rd

TL;DR

  • Risc Zero :handshake: Optimism
  • Optimism and Base conduct successful wargames with Seal
  • Frax announces the Fraxtal Hackathon
  • Protocol Upgrades and Governor Upgrade move to a vote
  • Operating Budget proposals move to a vote
  • Vote on Season 6 Intents Ratification and Budget Approval
  • Retro Funding 4 is here!
  • Foundation Mission Request: Badgeholder Onchain Analysis

:globe_with_meridians: Ecosystem News

Risc Zero :handshake: Optimism

ZK fraud and validity proof development is coming to the OP Stack! After last year’s commitment to develop ZKPs on the OP Stack, Risc Zero’s Zeth now supports provably building and deriving Optimism blocks from Ethereum mainnet.

Zeth is Risc Zero’s block prover for Ethereum built on the RISC Zero zkVM. It has been designed to integrate smoothly with Optimism’s infrastructure, leveraging advanced zkVM technology for optimal performance. The latest Zeth augmentation expands ZK-backed possibilities across the Superchain ecosystem, including the potential introduction of a much more simplified fraud-proving process and full-validity proofs.

Learn more

Optimism and Base conduct successful wargames with Seal

Optimism and Base tested responses to a simulated complex vulnerability in bridge withdrawals. This test showed effective monitoring in the face of potential incidents with accurate and timely detection, swift coordination between teams, and strong collaboration closely working with security and engineering teams.

Read more

Frax announces the Fraxtal Hackathon

The ‘Fraxtal: Build on the Fractal’ event invites teams looking to build dapps. Tracks for the hackathon include: Fraxtal Mainnet Dapps, Fraxtal Offchain Apps, and Fraxtal L3s (chains with its native L3 bridge to Fraxtal mainnet). Hackathon ideas include OP Superchain powered applications among many others!

Submit your projects by June 21st.

Learn more about the hackathon


:newspaper: Governance News & proposals

:exclamation: We’re in the Reflection Period: Special Voting Cycle #23.
Until May 29th token holders can vote on all approved proposals.

Protocol upgrades and Governor Upgrade move to a vote

After receiving sufficient approvals, all proposals will move on to a vote. On Tuesdays Joint House Community call, engineers provided an overview on proposals and answered the community’s questions. Delegates can vote on these proposals until May 29th:

Check out last week’s OP Bulletin Upgrade Summaries | Joint House Call Recording

Budget proposals move to a vote

After receiving the required approvals, different budget proposals move on to a vote:

CoC Council Budget proposal by @juankbell

This proposal outlines 2 subcommittees: the CoC council with 5 Council members and 1 Council Lead, and the SupportNERDs/Shadow Council with 5 members. The proposed Council Operating Budget is: 55.000 OP (+37.000 OP increase from last Season)

  • Council Members: receive rewards of 8,000 OP (total 40,000 OP, increased from 3,000 OP each last season).
  • Council Lead: receive 10,000 OP (an increase of 7,000 OP from last season)
  • SupportNERDs: receive 1,000 OP each (total 5,000 OP, new addition for Season 6)

DAB Budget proposal by @zachobront

This proposal outlines a board formed by 1 Lead, 1 Ops Lead, 1 Upgrade Czar, 1 OP Labs Representative, and 3 additional members with a total budget of 90,000 OP (+20k from S5).

  • Lead = 25,000 OP (+5k from S5)
  • Upgrade Czar = 17,500 OP (+5k from S5) – New role specialized on OP Stack upgrades and related tasks
  • Ops Lead = 17,500 OP (+5k from S5) – New role focused on operations as well as Board Member tasks.
  • OP Labs Representative (1) = 0 OP (equal to S5)
  • Additional Members = 10,000 OP each = 30k OP (-7.5k from S5)

DAB Budget propsal by Ed Mazurek (@wildmolasses)

This proposal outlines a board conformed by 1 Lead, 1 Ops Lead, 3 General Board Members, 1 OP Labs Board Member, 1 OP focused Board Member with a total budget of 122,000 OP (+52,000 OP from last Season).

  • Lead: 25,000 OP (+5,000 OP from S5)
  • Ops Lead: 25,000 OP – New role focused on operations as well as Board Member tasks.
  • Board Member (General): 18,000 OP x 3 = 54,000 OP (+5,500 OP from S5)
  • Board Member (OP Labs): 0 OP
  • Board Member (OP focused): 18,000 OP

Grants Council Operating Budget by @gonna.eth

This operating budget outlines 18 positions in the Council including: 12 reviewers, 3 Milestones and Metrics subcommittee members (1 subcommittee Lead among them), 2 Audits reviewers and the Grants Council Lead. The total budget is 610,000 OP, with 90.000 OP returns to Gov Fund if not needed.

  • Superchain Mission Reviewers = 90.000 OP
  • Optimism Mission Reviewers = 270.000 OP
  • Additional members = 50.000 OP – new role, the Council may add members by the affirmative vote of ten reviewers.
  • Audit and Special Mission Reviewer = 30.000 OP
  • Milestones and Metrics Reviewers (75.000 OP) with MaM Manager (+10.000 OP)
  • Ops Manager and Lead = 40.000 OP – combined both of S5 roles
  • Communications manager = 5.000 OP
  • Council-related requests for grants = 40.000 OP (if needed)

Vote on Season 6 Intents Ratification and Budget Approval

Last week Season 6’s theme, intents and intent budgets were presented.

Read S6 Intents | Check out last week’s OP Bulletin Intent Summary


:ballot_box:Voting Reminders

Upgrade proposals (until May 29th)

Proposals (until May 29th)

Vote on vote.optimism.io


:dollar: Grant News

Retro Funding 4 is here!

Retro Funding 4 will reward 10M OP to onchain builders who have deployed contracts across the Superchain and generated demand for its blockspace between October 2023 - June 2024.

Who can apply? Projects building across the Superchain, deploying contracts in one or more OP Chains, who have increased demand for blockspace and driven value to the Collective. OP Chains include: OP Mainnet, Base, Zora, Mode, Frax and Metal.

Submission deadline by: June 6th

Round details and Eligibility | Application Process | Apply now

Foundation Mission Request: Badgeholder Onchain Analysis

This new Foundation mission request is seeking to understand the current badgeholder group. It aims to understand how badgeholders differ from non-Badgeholders based on their onchain activity, answering research questions. This mission request is under the intent of “Improving Governance Accessibility” with a baseline amount of 2,000 OP (1,000 OP per team).

Submission deadline: June 1st 2024

Read more


Upcoming Calls

  • Retro Funding 4 Community AMA [Tuesday, May 28th] – more info tbd

You can add Optimism governance calls to your calendar here.


:red_circle::sparkles: Optimism Collective Resources


:saluting_face: Stay Connected, Stay Informed

Every week, we analyze new proposals, summarize discussions, and provide you with the tools to bring informed contributions to the Collective.

You can also subscribe to the OP Bulletin newsletter through Substack: opbulletin.substack.com

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OP Bulletin: Token House Nominations & Upgrades move on to Citizen’s Veto | May 30th

TL;DR

  • Beta Version Custom Gas Token Feature is live for the OP Stack
  • Velodrome <> Metal
  • Intents were ratified by the Token House!
  • Token House Nominations
  • The CoC Council budget proposal defeated
  • Upgrades move on to Citizen’s Veto
  • Superchain Eco’s OP Citizen Dashboard
  • Retro Funding 4: submissions open until June 6th
  • Retro Funding: Impact Metrics

:globe_with_meridians: Ecosystem News

Beta Version Custom Gas Token Feature is live for the OP Stack

When deploying a L2 and L3 Chain, chain operators can enable this feature and launch with an ERC20 token instead of ETH for gas fees. With this feature, projects can “enhance the utility of their existing tokens either by deploying a chain with their own token as the gas token or by deploying a chain with an established community token as the gas token, thus boosting their chain’s growth.”
Learn more

Velodrome <> Metal

Metal, the L2 launched by Metallicus, will be the fifth Superchain L2 with a Velodrome deployment. Velodrome continues evolving into the liquidity hub of the Superchain!
Read more


:newspaper: Governance News & discussions

:exclamation: We’re in the Reflection Period: Nominations and Citizens’ House: Veto Period #23a

Intents were ratified by the Token House!

Season 6’s theme – “Optimizing to support the Superchain”–, Season 6 Intents and Intents Budgets were presented, and later ratified by the Token House.

  • #1: Progress Towards Decentralization
  • #2: Bring Chains to the Superchain
  • #3: Grow Application Developers on the Superchain

Read S6 Intents and their Budgets | Check out OP Bulletin Summary

Token House Nominations

Nominations for 2 governance bodies are open! Any delegate that would like to run to be a representative may self-nominate themselves on the forum using the respective template.

Deadline: June 5th

The CoC Council budget proposal defeated

The CoC operating budget was not approved, this means that the supportNERDs will continue to monitor the forum and enforce the Rules of Engagement as they previously have. SupportNERDs operate as an open contribution path within the Optimism Collective.
Learn more about them here.

Upgrades move on to Citizen’s Veto

After receiving enough votes in the Token House Votes, both protocol upgrades and the governor upgrade proposals move on to a Citizens’ House Veto Vote.

If you disagree with the upgrades, you may cast your vote on Snapshot. A veto requires 45 veto votes. If you do not wish to veto but would like to register your participation in this voting cycle, you may select “No Veto”.

Deadline: June 5th

Check out OP Bulletin Upgrade Summaries | Citizens’ House Snapshot

Superchain Eco’s OP Citizen Dashboard

Superchain Eco presented a new dashboard that maps all current OP Citizens, detailing their roles in projects and rewards for reviewing RetroPGF3.

Check it out | Give feedback to the project


:ballot_box:Voting Reminders

Citizens may veto upgrade proposals (by June 5th)


:dollar: Grant News

Retro Funding 4: submissions open until June 6th

Retro Funding 4 will reward 10M OP to onchain builders who have deployed contracts across the Superchain and generated demand for its blockspace between October 2023 - June 2024.

Who can apply? Projects building across the Superchain who have deployed contracts in one or more OP Chains and increased demand for blockspace and driven value to the Collective. OP Chains include: OP Mainnet, Base, Zora, Mode, Frax and Metal.

Round details and Eligibility | Application Process | Application Review Process | Apply now

Retro Funding: Impact Metrics a Collective Experiment

Retro Funding 4 rewards impact by using metrics-based evaluation. In this post, Optimism outlines the process to define and refine metrics that measure various types of impact, ensuring that the metrics are robust, verifiable, and align with the community’s values.

Badgeholders will test the refined metrics during the week of June 3rd through a simulated interface, providing additional feedback. This will culminate in a final session to discuss and decide on the metrics to be used in the upcoming round.


:red_circle::sparkles: Optimism Collective Resources


:saluting_face: Stay Connected, Stay Informed

Every week, we analyze new proposals, summarize discussions, and provide you with the tools to bring informed contributions to the Collective.

Subscribe so don’t miss the next one: opbulletin.substack.com

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OP Bulletin: Onchain Summer, ETHCC and Protocol Upgrade #9 | Jun 6th

TL;DR

  • Onchain Summer is here!
  • Optimism at ETHCC
  • Lisk is on Mainnet
  • Ham Chain L3 :handshake:Superchain ecosystem
  • Protocol Upgrade #9: Fjord Network Upgrade
  • Upcoming Election Town Halls
  • Protocol Upgrade #7 and #8 and Governor Upgrade #2 were approved
  • Chain Delegation Program Amendment Proposal
  • Anticapture Commission Amendment Proposal
  • Last call Retro Funding 4: deadline extended

:globe_with_meridians:Ecosystem News

Onchain Summer is here!

Coinbase and Base are hosting the second edition of Onchain Summer. You can submit and showcase your project by submitting it to the Onchain Registry and join the Onchain Summer Buildathon, with 200 ETH in prizes across 8 sponsored tracks and a bonus pool. Read more

Optimism will allocate 600,000 OP for Onchain Summer incentives! Onchain Summer Rounds will distribute 60k OP in weekly rounds to creators and builders across eligible Superchain networks during Onchain Summer, from June 3 to August 30. Learn how to join Rounds.

Optimism at ETHCC: Optimistic Gathering & Superchain Space

Connect with the Optimism community at ETHCC!

  • The Optimistic Gathering is a community driven event for the Collective organized by Node Guardians and Only Dust with 20+ panels, talks and workshops. Date: July 9th.

  • Superchain Eco and Kolektivo Labs are organizing the Superchain Space, a collaboration hub for the Collective with roundtables, cow-working and more. Date: July 8th to July 9th.

Lisk Mainnet Launch

Lisk L2 is now on mainnet and officially joins the Superchain by contributing sequencer revenue towards the Optimism. “Lisk Devnet takes off as the first L1 to migrate to Optimism’s unifying network of rollups built with OP Stack”. The Superchain brings asset bridging without fragmentation, OP Collective Governance, access to Retro Funding, among other benefits to Lisk.

Read more

Ham Chain L3 :handshake:Superchain ecosystem

Built using the OP Stack and Celestia on Base, Ham Chain provides users and developers with fast, low-cost transactions and a robust platform for creating novel onchain social experiences. It will now benefit from the Superchain’s extensive network, technologies, and shared resources.

Read more

:newspaper: Governance News & discussions

:exclamation: We’re in the Reflection Period: Candidate Week

Protocol Upgrade #9: Fjord Network Upgrade

Following Ecotone Network Upgrade, this upgrade proposal for OP Mainnet includes:

  • Implementation of Rollup Improvement Proposal 7212 (RIP-7212) which includes a new precompile for an elliptic Curve (secp256r1), widely used in devices such as Apple’s Secure Enclave or Webauthn. The introduction of this precompiled contract enables features in account abstraction which allows more efficient and flexible management of accounts by transaction signs in mobile devices. Read more about RIP-7212.
  • Introduces Brotli, a new compression algorithm, which would bring a 5-15% reduction in L1 data availability cost, resulting in cheaper transactions.
  • Introduces FastLZ, a compression algorithm. This implementation improves the estimation of the compressibility of each transaction, leading to more accurate pricing.

Parameter changes

  • Increasing the time in max sequencer drift, allowing for chain operators to have more time to respond to L1 node outage issues before the L2 chain stalls (30 minutes instead of 10 minutes).

  • Increasing the limit to 100mb of the channel, preventing the chance of a L2 block exceeding the current 10mb channel size and failing to post on L1 to progress the chain.

The proposal has received the required approvals and will move to a Token House vote on Special Voting Cycle #23b, from June 13th - June 20th.

Read the proposal and non-technical summary

Upcoming Election Town Halls

Get to know the nominees for the Grants Council or Developer Advisory Board in the June 11th Town Hall, hosted by the Optimism Foundation.

  • Grants Council (1pm - 2pm ET / 5pm - 6pm GMT.)
  • Developer Advisory Board (2pm ET)

Elections will take place on Special Voting Cycle #23b, from June 13th - June 20th.

Submit questions for GC nominees | Submit questions for the DAB nominees

Protocol Upgrade #7 and #8 and Governor Upgrade #2 were approved

Proposals have been officially approved following the conclusion of the Citizens House veto vote.

L1 contracts will be upgraded to include Fault Proofs (Protocol Upgrade #7) and Guardian, Security Council Threshold and L2 ProxyAdmin Ownership (Protocol Upgrade #8). No action is required by node operators, as this change affects contracts only. The Optimism Foundation admin will set the new implementation of governor proxy to implement Governor Upgrade #2.

Chain Delegation Program Amendment Proposal

This proposal aims to amend the Chain Delegation Program increasing its size to 20M OP to support the first 15 OP Chains during their initial year of governance participation. Eligibility and performance will be reassessed at the start of each season.

OP Chains can qualify for:

  • 250k OP delegation by generating over 1 ETH in sequencer revenue for at least two consecutive months and being listed in the Superchain Registry.
  • Additional 1M OP delegation if they achieve a transaction volume of at least 1M per month for two consecutive months.
  • Chains operating on the Standard Configuration can receive 500k OP, meaning a combined total of 1.5M delegation for these chains.

Chains must opt-in and commit to specific governance responsibilities to be added to the program. Read the full Amendment.

Anticapture Commission Amendment Proposal

The ACC aims to prevent the capture of the Token House by any single stakeholder group. Based on member feedback, amendments to the Commission Charter have been proposed to refine its mandate and goals. These include alerting the Citizens’ House to power imbalances, voting on proposals subject to veto. Membership criteria has also been updated, requiring high impact delegates with significant voting participation, and excluding Council Leads.

Amendment proposals will be voted on during Special Voting Cycle #23b (June 13th - June 20th).
Read the Amendment

:ballot_box:Voting Reminders

No active proposals at the moment.

:dollar: Grant News

Last call Retro Funding 4: deadline extended

The application window was extended until June 7th 15:00 UTC!

Retro Funding 4 will reward onchain builders across the Superchain who have deployed contracts and generated demand for its blockspace between October 2023 - June 2024.

Round details and Eligibility | Application Process | Application Review Process | Apply now

Upcoming Calls

  • Grants Council Election Townhall [Tuesday, June 11th]
  • Developer Advisory Board Election Townhall [Tuesday, June 11th]
  • Builder Office Hours with the Foundation (Bi-Weekly): Are you a Builder? Come speak to the Optimism Foundation about what you’re building and get feedback. [Wednesday, June 12th]
  • ACC Office Hours [Thursday, June 13th]

You can add Optimism governance calls to your calendar here.

:red_circle::sparkles: Optimism Collective Resources

:saluting_face: Stay Connected, Stay Informed

Every week, we analyze new proposals, summarize discussions, and provide you with the tools to bring informed contributions to the Collective.

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OP Bulletin: Fault Proofs are live! | Jun 13th

:memo: TL;DR:

  • Fault Proofs are live
  • Xterio’s XterETH Chain joins the Superchain
  • Introducing the Superchain Identity
  • Silo Optimism is live
  • Optimism Gathering at ETHCC
  • Participate on Onchain Summer Rounds
  • New Code Of Conduct Council Budget Proposal
  • Elections & Proposals move to a vote
  • Retro Funding 4: Submission closes & Application Review Process

:globe_with_meridians: Ecosystem News

Fault Proofs are live

After the implementation of Protocol Upgrade #7, open source, permissionless fault proofs are live on OP Mainnet. The OP Stack arrives at Stage 1 decentralization!

The system brings an improved trust model: “it enables users to withdraw ETH and ERC-20 tokens from L2 to L1 without the need to involve any trusted third party like the sequencer or any other centralized infrastructure.” To ensure a safe rollout, the Security Council retains the ability to intervene during failures in the Fault Proof System or manual upgrades. Soon more OP Stack Chains will upgrade to include fault proofs, starting with Base, Metal, Mode, and Zora.

Announcement | OP labs post | Livestream June 13th 19:00

Xterio’s XterETH Chain joins the Superchain

Xterio launches XterETH Chain, focused on Web3 gaming, joins Base, Zora, Metal, Cyber and many more chains in the OP Superchain.

Read the announcement

Introducing the Superchain Identity

3DNS announced the launch of The Superchain Identity, the new identity layer of the Optimism Collective, built on ENS, developed and maintained by 3DNS. .super.box and .chain.box identities integrate both Web2 and Web3 features allowing users to host websites, create emails, while also doubling as a ENS to send and receive crypto.

Get notified upon launch | Read more

Silo Optimism is live

Silo, a non-custodial lending protocol, launches Silo Optimism. Silo creates individual lending markets for each base asset, isolating Silo markets from each other. Silo Optimism is an identical deployment for Optimism L2 of the audited, and formally verified Silo Protocol. It aims to unlock secure, inclusive, and transparent lending for the OP Superchain.

Read more

Optimism Gathering at ETHCC :belgium:

Connect with the Optimism community at ETHCC through the Optimism Gathering, a community driven event with 20+ panels, talks, and workshops. You can now apply as a speaker!

Participate on Onchain Summer Rounds

Showcase what you are building on the Superchain! Onchain Summer Rounds will distribute 60k OP in weekly rounds to creators and builders across eligible Superchain networks during Onchain Summer, from June 3 to August 30.

Learn how to join Rounds.


:newspaper: Governance News & discussions

:exclamation: We’re in the Reflection Period: Special Voting Cycle #23b (June 13th - June 20th). You can find more info in the Voting Cycle Roundup

New Code Of Conduct Council Budget Proposal

After the last budget proposal with a proposed amount of 55.000 OP was defeated. @juankbell proposes a second budget for consideration. This budget outlines 5 council members (receiving 4.000 OP each) and a Council Lead (receiving 6.000 OP), resulting in a total budget of 26.000 OP. Overall, this proposal outlines 1 subcommittee without the subgroup of SupportNERDs assisting the activities of the Council and its operation budget is 29.000 OP lower than the one defeated on cycle 23a.

The Code of Conduct Council will only oversee the Rules of Engagement. Members will process CoC related reports, publish a summary of enforcement decisions, facilitate and participate in discussions of CoC topics and participate in organizing and managing internal work. The lead has the additional responsibilities of acting as a tiebreaker if needed, stewarding the team, while communicating with the Optimism Foundation, and other commissions.

The proposal received the necessary approval and will be voted on from June 13th to June 20th. Read the proposal

Token House Elections & Proposals move to a vote

After obtaining the necessary approvals, several proposals will proceed to a Token House vote from June 13th to June 20th. These proposals include the new CoC Council budget, as detailed above, along with the Token House elections and other proposals thoroughly discussed in last week’s OP Bulletin.

  • Fjord Network Upgrade: to include FastLZ, Brotli compression algorithm, implementation of RIP-7212, and new parameter changes

Read the proposal | OP Bulletin’s summary

Read the proposal | OP Bulletin’s summary

  • Anti Capture Commission Amendment: to refine its mandate and goals, membership criteria.

Read the proposal | OP Bulletin’s summary


:ballot_box:Voting Reminders

Vote on vote.optimism.io from June 13th to June 20th:


:dollar: Grant News

Retro Funding 4: Application Review Process

Retro Funding applications closed last week. We are now in the application review process until June 19th, where badgeholders review applications removing those that fail to comply with application rules and eligibility criteria). Until June 16th, the Optimism team is testing the voting interface.

Voting for Retro Funding 4 begins Sunday 23rd.


Upcoming Calls

  • Joint House Community Call [Tuesday, June 18th]

You can add Optimism governance calls to your calendar here.


:red_circle::sparkles: Optimism Collective Resources


:saluting_face: Stay Connected, Stay Informed

Every week, we analyze new proposals, summarize discussions, and provide you with the tools to bring informed contributions to the Collective. Subsribe so you don’t miss the next one on: opbulletin.substack.com

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OP Bulletin: The Superchain keeps growing | Jun 20th

TL;DR

  • Alt-DA Mode is now available for the OP Stack!
  • New members of the Superchain: Camp, Allo, Kroma & Gameswift
  • OP Rewards for Onchain Summer Rounds
  • Optimism partners with Secret’s Confidential Computing Layer
  • Token House Elections Results
  • Code of Conduct Council Is Renewed
  • Amendment Proposals Are Approved
  • Protocol #9 Fjord Network Upgrade moves to a Citizens House
  • Retro Funding 4: Ratification of profit formula

:globe_with_meridians: Ecosystem News

Alt-DA Mode is now available for the OP Stack!

OP Stack chains can now leverage Alt-DA Mode to submit transaction batches to any alternate data availability layer outside of L1, lowering costs. Any data availability layer can now build and maintain their own data server and integrate into the OP Stack.

This feature is still in beta. Optimism core contributors are still improving Alt-DA Mode.

Alt-DA Mode Explainer | How to Run an Alt-DA Mode Chain

New members of the Superchain: Camp, Allo, Kroma & Gameswift

The Superchain keeps growing! Meet the new members:

  • Camp Network, a user identity layer across blockchains that aggregates Web2 social engagement data into a single place.
  • Allo is focused on Real World Assets and is committed to simplifying the process of tokenization and investment in tokenized assets for the world.
  • Kroma, a game-centric rollup with active fault proof system utilizing zkEVM.
  • Gameswift, the Modular AI gaming-optimized chain launching on June 27th will become the first AI chain in the Superchain.

Camp Docs | Allo announcement | Kroma Announcement & AMA | Gameswift announcement

OP Rewards for Onchain Summer Rounds

100+ entries participated in the first round of OP Rewards. This week a new round opens to distribute 5000 in weekly rewards on rounds to Superchain participants.

Participate in rounds and showcase what you are building!

  1. Post on Farcaster /onchainsummer from Wednesday to Wednesday – this week with #onchainsummer
  2. Show everyone how you’re building onchain and have the opportunity to get rewards.

Optimism partners with Secret’s Confidential Computing Layer

Through this partnership, Secret Network will provide decentralized confidential computing (DeCC) tooling, documentation, and support. This unlocks new opportunities for developers building on OP Mainnet!
Looking forward, Secret and Optimism are working to bring DeCC technology to the entire Superchain.

Announcement | Learn more


:newspaper: Governance News & discussions

:exclamation: We’re in the Reflection Period: Citizens’ House Veto Period: #23b & Delegate Week Off (June 20th - June 27th).

Token House Elections Results

:ballot_box: Final elected members to the Grant Council are:

Read the GC Communications Thread

:ballot_box: Final elected members to the Developer Advisory Board:

Elected board members: Wildmolasses, devtooligan, blockdev, noah.eth and wbnns.

The Board Lead will appoint the Upgrade Czar and Ops Lead roles based on who received the highest vote percentage among the candidates who have self-nominated for that role (blockdev and wildmolasses respectively).

Conduct Council Is Renewed

The Code of Conduct Council’s new budget proposal has been approved, renewing the council for Season 6. The budget of 26.000 OP accounts for 5 council members and a Council Lead. Delegates will vote to elect these 5 council members in the next Voting Cycle.

If you wish to self-nominate, post your nomination in this thread following this template before June 27th.

Amendment Proposals Are Approved

In the latest voting cycle, two amendments were approved. The Chain Delegation Program Amendment proposal, increases the program’s size to 20M OP and outlines new qualifying criteria. The Anti Capture Commission Amendment refines its mandate, goals, and membership criteria, also passed.

Fjord Network Upgrade moves to Citizens Veto Vote

After receiving enough votes in the Token House Votes, protocol upgrade #9 moves to a Citizens’ House Veto Vote. This protocol upgrade will include FastLZ, Brotli compression algorithm, implementation of RIP-7212, and new parameter changes.

If you disagree with the upgrades, you may cast your vote on Snapshot. A veto requires 45 veto votes. If you do not wish to veto but would like to register your participation in this voting cycle, you may select “No Veto”.


:ballot_box:Voting Reminders

Citizens vote on Snapshot from June 20th to June 26th:


:dollar: Grant News

Retro Funding 4: Ratification of profit formula

A deliberative process was conducted to come to consensus on a definition of profit, to be applied to this retro round. Randomly selected badgeholders deliberated in three sessions and reached consensus on an applicable formula:

Impact - ((10% * Token House Growth Grants) + (45% * Token House Builders Grants) + (25% * Foundation Grants)) = Award in OP

The consensus is that the formula will only take into account Optimism Grants, deducting from impact previous growth, builder and foundation grants, resulting in a project’s reward. Ratification requires a quorum of 30% eligible voters and a simple majority of 51% votes. If it is not ratified, no profit formula will be applied, focusing only on impact.

Ratification voting will take place on Snapshot from June 20 to 26th.
Retro Funding 4 voting will begin on June 27th.


Upcoming Calls

  • Builder Office Hours with the Foundation (Bi-Weekly) – Are you a Builder? Come speak to the Optimism Foundation and get feedback. [Wednesday, June 26th]

You can add Optimism governance calls to your calendar here.


:red_circle::sparkles: Optimism Collective Resources


:saluting_face: Stay Connected, Stay Informed

Every week, we analyze new proposals, summarize discussions, and provide you with the tools to bring informed contributions to the Collective.
Subscribe so you don’t miss the next one on: opbulletin.substack.com

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OP Bulletin: Guest Voters for Retro Funding 5 | Jun 27th

OP Bulletin is onchain!

We moved our newsletter to Paragraph!

  • If you are already subscribed, you’ll still receive our newsletter every Thursday!
  • If you are not, join the OP Bulletin family. Subscribe to keep up with Optimism at paragraph.xyz/@web3citizenxyz

TL;DR

  • Superchain Superchain’s DeFi Festival
  • Optimism at ETHCC
  • More OP Rewards for Onchain Summer Rounds
  • Protocol #9 Fjord Network Upgrade approved
  • Code of Conduct Council Submissions Close
  • Retro Funding 4: Profit formula will not be considered in voting
  • Guest Voters for Retro Funding 5
  • Drafting Mission Requests

:globe_with_meridians:Ecosystem News

Superchain’s DeFi Festival

SuperFest, the Superchain’s DeFi Festival is coming! Line up includes Superchain members like Frax, Mode, Base and many apps and bridges. More info soon! For now you can explore the website at superfest.optimism.io

Optimism at ETHCC

Going to ETHCC? There’s still time to sign up and connect with the Optimsm community.

OP Rewards for Onchain Summer Rounds

New week, more OP Rewards for rounds! A new round opens to distribute 5000 in weekly rewards from rounds to Superchain participants. Showcase what you are building onchain on Farcaster /onchainrounds including #Superchain.


:newspaper: Governance News & discussions

:exclamation:Season 6 begins today! We’re in : Voting Cycle #24 (June 27 - July 17)

Fjord Network Upgrade approved

Protocol Upgrade Proposal #9 was approved in the Citizens’ House without vetoes. This protocol upgrade will include FastLZ, Brotli compression algorithm, implementation of RIP-7212, and new parameter changes. The upgrade will be scheduled for execution on July 10th.
Read more

Code of Conduct Council Submissions Close

Applications to take part in Season 6 Code of Conduct Council are closed! Delegates will elect the five positions among the nominees during this voting cycle.


:dollar: Grant News

Retro Funding 4: Profit formula will not be considered in voting

The profit formula to potentially be included in Retro Funding 4 was put to a Citizen’s vote last week. It ultimately was not ratified by badgeholders with 34 to 20 votes.

No profit formula will be applied by badgeholders to calculate profit and assessment of projects will focus only on impact leveraging impact metrics. Retro Funding 4 voting begins today June 27th. More info in the Badgeholder Manual.

Guest Voters for Retro Funding 5

Retro Funding 5 will reward contributions in the OP Stack.

In RPGF 5, a random sample of 90 existing Citizens together with 30 one-time guest voters will participate in the round. If you are a developer contributing to the Optimism ecosystem, you can apply to be a guest voter until July 14th. Selection of guest voters is aimed at identifying voters with relevant technical competencies through their code contributions.

Retro Funding 5 will begin in August 2024.

Read more

Drafting Mission Requests

During this voting cycle, the Collective Feedback Commission and Grants Council will draft Mission Requests for Season 6. Drafts are due for July 7th, and will be proposed under each Intent in a suggested rank order.

Missions will be later approval ranked by Token House delegates casting a vote with their full voting power, on as many options as desired. Learn more in the Mission Request Voting Guide.

S6 Suggested Mission Requests | Missions v2.5


Upcoming Calls

  • Token House Community Call [Tuesday, July 2nd]

You can add Optimism governance calls to your calendar here.


:red_circle::sparkles: Optimism Collective Resources


:saluting_face: Stay Connected, Stay Informed

Every week, we analyze new proposals, summarize discussions, and provide you with the tools to bring informed contributions to the Collective.

1 Like

OP Bulletin: CoC Council nominations & SuperFest :soon: | Jul 4th

TL;DR:

  • SuperFest, the Superchain’s DeFi Festival
  • Zora is now on mobile
  • Optimism at EthCC
  • Artist Grants for FWB Fest
  • OP Rewards for Onchain Summer Rounds
  • CoC Council: nominations extended
  • Retro Funding 5: Discussion on Random Sampling
  • Mission Requests: Drafts

:globe_with_meridians: Ecosystem News

SuperFest, the Superchain’s DeFi Festival :soon:

5 days to go!

SuperFest, the Superchain’s DeFi Festival, will be starting next week. Line up includes Superchain members like Frax, Mode, Base and many apps and bridges.
More info soon! For now you can explore the website at superfest.optimism.io

Zora is now on mobile

You can now download the Zora app at zora.plus. The app is currently invite only, but you can join the waitlist.

Optimism at EthCC

With EthCC just a few days away, there’s still time to sign up to events:

Artist Grants for FWB Fest

FWB is bringing 10 artists to attend FWB FEST in partnership with Optimism.

FWB FEST focuses on music, ideas & emerging tech. The event will happen in Idyllwild, California from August 1st to August 4th. The Artist Grant covers the cost of travel and a ticket. Apply for a grant before July 8th.

OP Rewards for Onchain Summer Rounds

New week, more OP Rewards for rounds!

A new round opens to distribute 5000 in weekly rewards from rounds to Superchain participants. Showcase what you are building onchain on Farcaster /onchainrounds including #Superchain.


:newspaper: Governance News & discussions

:exclamation:Season 6 begins today! We’re in : Voting Cycle #24: Review Period (June 27 - July 10)

CoC Council: nominations extended

Delegates will elect the five positions among the nominees during voting cycle #25, beginning in August. If you wish to self-nominate, post your nomination in this thread following this template before July 24th.

An Election Townhall will be hosted after the self-nomination period ends. In the meantime, you can get to know the nominees.


:dollar: Grant News

Retro Funding 5: Discussion on Random Sampling

Last week’s announcement clarified how voter will be selected for Retro Funding 5:

  • randomly sampling 90 Citizens – taken from existing Citizens
  • 30 one-time guest voters – selected from applications, open until July 14th)

There has been some discussion regarding the reason behind sampling Citizens. Optimism has posted their rationale behind random sampling, as a way to approximate the full set of Citizens without bias and scaling the Citizens’ House by using statistical, rather than political, methods.

Read the full discussion: Announcement | Experimenting with Random Sampling

Mission Requests: Drafts

The Collective Feedback Commission and Grants Council is drafting Mission Requests for Season 6. Members may sponsor community ideas, if you want to make your idea a mission post it here.

Drafts are due for July 8th, and will be proposed under each Intent in a suggested rank order. Missions will be later approval ranked by Token House delegates casting a vote with their full voting power, on as many options as desired. Learn more in the Mission Request Voting Guide.

The Season 6 Mission Request process includes 6 cycles. If you want to learn more about the timelines check out the latest Token House Call, where the Grant Council Lead goes over Season 6’s key dates.

S6 Suggested Mission Requests | Missions v2.5


Upcoming Calls

  • Joint House Community Call [Tuesday, July 9th]
  • Builder Office Hours with the Foundation (Bi-Weekly) [Wednesday, July 10th]

You can add Optimism governance calls to your calendar here.


:red_circle::sparkles: Optimism Collective Resources


:saluting_face: Stay Connected, Stay Informed

Every week, we analyze new proposals, summarize discussions, and provide you with the tools to bring informed contributions to the Collective.

1 Like

OP Bulletin: Retro Funding 4 results | Jul 18th

  • Superfest all summer
  • Shape joins the Superchain
  • The Superchain Identity is here!
  • Superchain Space recordings
  • The Superchain Strategy
  • Security Council Elections
  • Developer Advisory Board Internal Operating Procedures
  • Retro Funding 4 results
  • Mission Applications Open
  • Retro Funding 5: Applications open for guest voters

:globe_with_meridians: Ecosystem News

Superfest all summer

Superfest is the Superchain’s DeFi festival. It celebrates builders across the Superchain building DeFi applications and delivering value back to the Optimism Collective.

From mid July to the end of August, the Collective will allocate 1.5M OP rewards to bring more activity across OP Mainnet, Base, Mode, and Fraxtal. Connect to the Jumper Dashboard on superfest.optimism.io to begin participating.

Discover Superfest partner offerings

Shape joins the Superchain

Shape, the chain dedicated to creators, joins the Superchain!

Shape aims to be a place where artists can design, build, and experiment to contribute to the web of creativity. The network is still on testnet but will go live in Q3 2024.

The Superchain Identity is here!

The Superchain Identity, the new identity layer of the Optimism Collective, built on ENS, developed and maintained by 3DNS is live.

You can now get .super.box and .chain.box identities that integrate both Web2 and Web3 features. Host websites, create emails, send and receive crypto through your Superchain Identity.

Read more | Register

Superchain Space recordings

Superchain Eco and Kolektivo Labs organized the Superchain Space around EthCC, a collaboration hub for the Collective with roundtables, cow-working and more.

You can now access all the recorded talks from the event.


:newspaper: Governance News & discussions

:exclamation: We’re in the Citizens’ House Veto Period & Voting Cycle #25: Review Period

The Superchain Strategy

In this weeks’ Joint House Community Call, Jin Wang shared the Superchain Strategy and Collective Vision. The talk included an overview of the Superchain, how its scaling horizontally, and the top priority for this season: interoperability.

Listen to the presentation

Security Council Elections

The first election for Security Council Cohort A will take place during Voting Cycle #26. Elections are held six months before the actual membership turnover to allow enough time for candidate screening.

Candidates that meet the criteria of reputation, alignment, and technical competency, among others, may self-nominate by August 14th. Each nomination must receive approval from eight of the Top 100 delegates by August 19th.

To self-nominate, create a post with your nomination following these instructions.

The Security Council Election Town Hall will take place Tuesday, August 20th.

Developer Advisory Board Internal Operating Procedures

The internal operating procedures govern the activities of the Board for the current season, which include

  • Reviewing all technical mission applications per Grant Council request
  • Summarizing upgrades and blocking them if believed to be unsafe
  • Give technical feedback and support to other boards
  • Explore ways to support the Collective

Read the Internal Operating Procedures


:ballot_box: Voting Reminders

No active proposals at the moment.


:dollar: Grant News

Retro Funding 4 results

10M OP were allocated to 200+ projects that deployed contracts across the Superchain on Base, Mode, Zora, Frax, Metal, and OP Mainnet.

This marks the first Retro Funding round of the year that experiments with metric based voting. In this round, voters chose impact metrics to calculate rewards. Gas fees, Trusted users onboarded, Trusted recurring users, Trusted monthly active users, and Recurring addresses were the top metrics selected by voters.

The top five projects awarded in this round were Zora, Layer3, Li.Fi, Stargate Finance, and Odos. Meet the 207 projects rewarded

Mission Applications Open

Today begins the first cycle of Season 6’s Missions!

The Token House ranked Mission Requests that work towards Season 6’s Collective Intents. Here is the complete list of approved Mission Requests.

The first cycle runs until August 7th and the submission period begins today. From July 18th to July 24th you can apply to approved missions.

You can also attend the Grants Council Office Hours scheduled for every Monday.

Missions v2.5 | Missions Calendar S6

Retro Funding 5: Applications open for guest voters

Retro Funding 5 voters will include random sampling of existing citizens together with 30 new one-time guest voters. Guest voters will be selected based on “Proof of work”, meaning code contributions to relevant repositories.

Know a developer interested in voting in Retro Funding 5? Share this post with them!

Steps to apply:


Upcoming Calls

  • Grants Council Office Hours [Monday, July 18th]
  • Builder Office Hours with the Foundation (Bi-Weekly) [Wednesday, July 20th]

You can add Optimism governance calls to your calendar here.


:red_circle::sparkles: Optimism Collective Resources

:saluting_face: Stay Connected, Stay Informed

Every week, we analyze new proposals, summarize discussions, and provide you with the tools to bring informed contributions to the Collective.