Joint House Call: June 18th, 2024
Recording: June 18th, 2024 Joint House Call Recording.mp4 - Google Drive
Slides: June 18th, joint house call slides
- Ratification of profit definition for Round 4: 30 random citizens were selected to take part in the deliberative process to determine the profit definition in Round 4.
- The way the basic formula works is you have the amount of impact that’s been generated, then the profit or the past transfers is subtracted, and that would be the award in OP. The first session that the participants voted on which of the categories (Optimism grants, venture funding, grants that come from other ecosystems, and revenue) they thought should be included in the profit definition. Results determined that a deduction weight would only be applied only to Optimism Grants.
- The second vote was on the deduction weight that should be applied to Optimism grants, which was divided into three categories: 10% deduction for Token House Growth Grants, 25% deduction for Token House Builders Grants and a 45% deduction for Foundation Grants. Retro Funding is not included.
- If the profit part (past transfers) is higher than the impact, the Retro Funding reward will be zero, there won’t be any negative rewards.
- If the definition is ratified it will be globally and automatically applied to the voting result calculation in Round 4, and it will only be applied to Round 4. If not, a fallback definition proposed by the Foundation will be globally and automatically applied to the voting result calculation in Round 4 instead.
- Voting will take place on Snapshot and will run from June 20-26 at 19:00 GMT.
- Retro Funding 4: Application Review Process:
- The purpose of this process is to make sure all applications comply with the application rules and with the eligibility criteria.
- All reviews will be done by June 20th 19:00 GMT, everyone that was rejected has the can hand in an appeal if they don’t agree with the decision.
- Retro Funding 4 Voting:
- Voting UI is up for everyone to test, if you discover any issue report them in the Retro Funding Discord channel: Voting UI Retro Funding 4
- The voting will be via metrics, badgeholders will be able to see and choose from a selection of 60 metrics which measure different types of impact, the way work is that you select the metrics that you want to reward, the kind of impact you want to reward, and weigh them in your ballot. You will be able to see how they impact the distribution of OP among projects and then you will be able to submit your votes.
- To know more about how these metrics were created: Retro Funding 4: Impact Metrics, a Collective Experiment
- Voting starts June 27th until July 10th.
- Foundation Year 3 Budget Update: the Foundation is requesting zero additional OP, so there will not be a Token House vote on this budget as no OP is being requested.
- Round 4 Bribery Policy: report any verifiable instance of bribery using the form linked here. All discussions and reports should be in accordance with the Rules of Engagement.
- Code of Conduct Council Operating budget re-scope: Delegates will vote again for a Code of Conduct Council Operating Budget in Special Voting Cycle #23b.
- Nominations must be posted on this thread by 19:00 GMT on Thursday, June 27th.