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

11

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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