Both protocol upgrades, Fault Proofs and Guardian and Security Threshold Changes, and governor upgrade, Agora advanced delegation bug fixes in alligator, passed.
Grants Council and Advisory Developer Board were renewed.
There are 12 positions open for Grants Council: 12 mission reviewers (3 superchain, 9 optimism) 2 Audit & Special Mission Reviewers and 3 Milestones & Metrics Reviewers.
Advisory Developer Board has 5 positions open.
Election Town hall will be hosted on June 11th at 13:00 ET for Grants Council and 14:00 ET for Advisory Developer Board.
A forum post thread will be made on the 6th for any questions.
The Code of Conduct Council budget wasnât renewed due to concerns around the budget, any prospective lead can propose a different budget in the forum by June 12th, it will go into vote in Voting Cycle 23b if approved. If the Code of Conduct Council is not renewed, the support nerds will continue to monitor the forum and enforce the rules of engagement.
RIP-7212 introduces a new pre-compile for the âsecp256r1â elliptic curve.
Brotli as a new compression operation for batches, giving anywhere from 5 to 15, in some cases, 20% reduction in L1 data availability costs.
Lower data availability costs will be passed back to users through appropriate tuning of the revenue recovery parameters, it will vary depending on the chain operator.
FastLZ based L1 data fee function will more accurately charge for L1 data usage on a per transaction basis, resulting in more accurate pricing of transactions.
Chain operators now have 30 minutes instead of 10 to respond to L1 node outage issues before the L2 chain stalls.
The getL1GasUsed on the GasPriceOracle function updates immediately at the hard fork block. If the wallet is implemented correctly they will get the new value and everything will work as expected.
Retro Funding 4 sign ups end on Thursday, June 6th.
There was a call on Retro Funding round 4 for the Token House, the purpose of this call was to share context between houses and give a better understanding on Retro Funding overall.
We had Griff Green talking about Pairwise, a community signaling app, aimed to decentralize and expand the citizenâs house.
Everyone can vote on retro funding, not just badgeholders.
Creates four different voting results and see how they would have distributed retro funding.
It will be pseudonymous and mobile, and people will be able to choose categories of projects to vote on.
It will show proposals using a Tinder like system, showing all the details and you get to decide whether you like the proposal or not. After that the Pairwise system will show all the metrics and details submitted to the proposal, get final results and create a final ranking.
You also will be able to comment on proposals and give feedback.
Anyone who participates has the chance to win a 100 OP. There will be 40 people who win a 100 OP.
The way the basic formula works is you have the amount of impact thatâs 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 wonât 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.
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 donât 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.
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.
A random sample of 90 existing Citizens together with 30 one-time guest voters will participate in the round. If you are a developer and you want to participate in voting for Retro Funding 5 submit an application here by July 14th 2024.
We had the leads of the Grants Council, Developer Advisory Board and Code of Conduct Council talking about their scope and goals for Season 6.
Grants Council and the Collective Feedback Commission mission request drafts are due for July 8th.
Grants Council will provide a suggested ranking of all mission requests by July 10th to go to vote.
Mission Requests must be completed and posted to the forum by July 8th at 19:00 GMT. However, it is encouraged to post drafts to the forum as early as possible to incorporate any delegate feedback before the deadline.
Members of the Feedback Commission and or Grants Council may choose to sponsor ideas from any other community member. Post mission ideas in this thread
DAB Feedback, Ideation, and Conversation Community Call on August 13th.
Code of Conduct Council elections will end tomorrow. Voting is happening in vote.optimism.io, you can also find the recording of the candidates townhall in the description.
Retro funding 5 sign up starts August 15th.
Final review for mission request applications ends tomorrow. Submissions are continuously open until November 6th, any application submitted after a cycle deadline will be considered for the next cycle.
Blockspace charters AMA was moved to early September. Relevant posts:
The first election for Cohort A will take place during Voting Cycle #26.
Anyone meeting the eligibility criteria may self-nominate by completing the required nomination template and posting to the nomination thread by August 14th at 19:00 GMT. 8 delegate approvals from the top 100 delegates will be required by August 19th at 19:00 GMT.
Right now none of the nominees have the 8 delegate approvals, so if you are a delegate make sure to go through the nominations and give your approvals to your preferred candidates.
Election Townhall will be hosted on August 20th. Elections take place at vote.optimism.io from August 22nd until August 28th.
Sign up: August 15th - August 29th | Application Review Process: August 30th - September 13th | Voting: September 14th - September 28th | Results & Grant delivery: October 3rd
Eligibility Criteria: Ethereum Core Contributions | OP Stack Research & Development | OP Stack Tooling
This roundâs budget is set by the Foundation (8M OP), the budget for round 6 and 7 will be set by the Citizensâ House.
Peopleâs expertise that apply to be a guest voter will be measured based on their past Github activity related to the OP Stack. There will be more details on how the expertise will be measured in the next Joint House call.
There will be three voter groups: Badgeholders with expertise (25 people), Badgeholder without expertise as control group and will be selected via random sampling (50 people) and Guest voters with expertise.
This upgrade is proposed in response to security vulnerabilities identified during a series of third-party security audits and lower severity issues will be planned in future upgrades.
The specification for the proposed changes can be found in the specs repo.
This upgrade resets user withdrawals. Any proof submissions within the last 7 days from the upgrade will be invalid and they will have to resubmit the proofs.
If you have any questions about this upgrade there will be office hours this Thursday at 14:00, check the OP Governance calendar.
This proposal requests that the Token House allow the Grants Council to create and submit rolling Mission Requests, using unallocated budget from Intent 3A. These Requests will focus on initiatives that directly contribute to Intent 3A and will be subject to full approval by the Token House.
Projects applying for Retro Funding 5 will be required to report grants received from the Optimism Foundation, Token House or Citizensâ House since January 2023, funding received in exchange for equity since January 2020 and if their product/service itâs paid projects will be asked to report the pricing model for their product/service.
Other grants and revenue are not verifiable so thereâs no need to report those.
Upcoming cycles will feature proposals to move the GovFund on-chain, allowing intent budgets to be transferred to the Grants Council or relevant managers. Agora will post a draft to support that.
There will be a post clarifying how the superchain registry, blockspace charters, log chains, and interop fit together, and their timelines.
On-chain execution and Blockspace Charter ratification will happen before the end of Season 6, with enough information provided for voting.
Currently there are two cohorts of voters that were selected with a specific selection method: Citizens that were selected via Web of Trust and Round 5 Guest Voters that were selected via Proof of Work.
In Retro Funding 6, 100 randomly selected guest voters will be introduced, forming a control group. These voters will need to complete a survey to participate.
Stakeholders across the collective will blind vote on resource allocations to determine which groupâs decisions are better, without knowing which group made the decision.
The goal is to understand if specific selection mechanisms, such as web of trust or proof of work, produce different outcomes than random selection.
There will be a mentorship program in Round 6, but due to scaling limitations, only half of the guest voters will receive onboarding to test its effectiveness.
Citizens will have a fail-safe option in Round 6 to reduce the voting power of guest voters if any signs of collusion are detected.
Impact Metrics Garden:
The project collects standardized qualitative data from core OP Stack developers, delegates, and users through on-chain reviews.
Reviews focus on how users would feel if the contribution didnât exist, offering valuable insights to badge holders for making funding allocation decisions.
Impact Garden is not officially part of the rounds but serves as an additional tool for evaluating and showcasing contributions within the Optimism ecosystem.
Thanks for putting in the effort to summarize and share the key updates for the September 10th Joint House Call! Your work helps keep us all connected, informed, and excited for whatâs ahead. We appreciate your dedication in making the governance process more accessible and engaging for everyone!
Sign up starts on September 26th until October 28th.
The Foundation is assigning a minimum OP Amount for the round of 1.1M OP and a maximum OP amount of 3.5m OP. Citizens will be able to vote for an OP amount within the range of minimum and maximum which they believe appropriately rewards the impact within the round.
You can find the results here, including reason for rejection from the reviewers.
Citizens will vote on the roundâs OP allocation within the rounds voting experience. The Foundation is assigning a minimum OP Amount for the round of 2M OP and a maximum OP amount of 8m OP, the initial token allocation was of 8M OP. The voting process will start on September 30th.
This new process aims to streamline audit requests by enabling eligible auditors to directly apply for specific audits, drawing from the mission request budget without the need for pre-approved budgets. Read the forum forum post for more information on how it works.
This proposal suggests transferring governance control from the Foundation and OP Labs.
This plan is divided into three phases of decentralization, to be completed by summer of 2025.
Phase I: involves transferring ownership of the OP token contract, governance contract, and governance fund, along with 15,397 ETH collected for the benefit of Optimism governance, to governance control.
Phase II: will transition control of the L1 Bridge escrow to governance and introduce a roadmap for decentralizing the sequencer. The Law of Chains will also be revised by governance.
Phase III: will complete the decentralization, transferring full control over the Optimism protocol to Token House, Citizenâs House, and other governance bodies, alongside disclosures of all Foundation grants and full sequencer decentralization.
This is not a governance vote, you can signal your approval on this Snapshot petition. This is meant to help inform the Foundation on the level of support for these items as they prepare their own plan to present.
The Foundation reaffirmed its commitment to gradual, secure decentralization, emphasizing a long-term approach over speed. It agrees with the need for full decentralization but emphasizes that this process must be done carefully and gradually to ensure the systemâs long-term security and resilience.
During the community call, many participants shared their opinions and concerns on this topic; this is an ongoing discussion so all citizens are encouraged to read both the proposal and the Foundationâs response, and share their thoughts!
Retro Funding 6 applications close October 14th 19:00 UTC and voting will start October 28th.
Read the forum post for more details about the categories, if you have any questions feel free to comment them in that post or in the Restro Funding Discord channel.
Citizens will vote on the allocation of OP for the round within some minimums and maximums set by the foundation.
The voting design and experience itself will be pretty much what voters are currently experiencing in round five.
The Collective will experiment with collecting data on the impact of different governance contributions for the âGovernance Infrastructure & Toolingâ category via attestations, the top 100 Delegates, Citizens and governance leadership functions will be asked to participate.
All projects that apply through OP Atlas will be shown automatically in the Metrics Garden platform. No need for additional applications.
Itâs important that anyone leaving a review links the wallet that has their badgeholder attestation. Votes and comments will be public.
This experiment will run from the 14ht to the 23rd.
We had Dan Singjoy sharing updates and announcements for Optimism Fractal one year anniversary, inviting everyone to check their website, and learn about their weekly events. They host every Thursday at 17 UTC that everybodyâs welcome to join.
Voting Cycle Roundup #29: Cycle #29 began on Thursday October 10th at 19:00 GMT and runs until Wednesday October 30th at 19:00 GMT. The Citizensâ House veto vote will take place via Snapshot from Thursday, October 31th to Wednesday, November 6th.
Introduction of temporary control structures: the ability for a limited set of chains to be included as a signer on a 3/3 upgrade multisig for their chain, where the three of three multi-sig is the Security Council, the Optimism Foundation, and the Chain Governor.
Moving history integrity checks to offchain tooling: to reduce operational overhead while ensuring Superchain inclusivity and security.
This update to the governance smart contract of the Token House will allow the execution of token transfer proposals onchain directly, without relying on the Foundation.
Non-treasury token transfer proposals execution will continue to be conducted the by OP Foundation as before.
The Foundation will publish governance roadmaps at the start of each Season. You can expect a Season 7 governance roadmap to be published alongside Season 7 Intents during the Reflection Period.
