OP Bulletin: Weekly news and insights on the Optimism Collective šŸ“°

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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 Citizenā€™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.

ā€œCurrently, 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 Blockchainā€™s mission to drive innovation in NFT standards and protocols.ā€

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 ā€˜forā€™ 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 Citizenā€™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 ā€˜forā€™ votes, the proposal succeeded and now, as it requires updating the governor contract, moves on to a Citizenā€™s House veto vote.

:ballot_box:Voting Reminders

Citizens House: Improve advanced delegation voting

Citizenā€™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 ā€œNo Vetoā€.

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, theyā€™ll select and weigh impact metrics. Citizensā€™ 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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