Optimism Forum Weekly Recap (May 13, 2024 - May 19, 2024)

gm Optimism Collective :red_circle: :sparkles:

Last week was pretty active on forum. 28 topics were created, including 2 Protocol Upgrade Proposals from OP Labs, aiming to enhance security and decentralization, and to reduce trust assumptions for users as well.

daospace is a DAO discovery platform that aggregates contributions across different DAOs. We will be providing weekly Automated AI Summaries to help reduce information overload, and so that all members can stay up to date on forum activity within the DAO. Below is a summary of every topic made within the OP Governance Forum from last week.

Feel free to leave us feedback in the comments below. You can get in touch with the daospace team on X (Twitter) , or reach out to the founders directly on X as well: Jaris James & Sixty

About the Renewal category

Created: 2024-05-13

Author: @lavande

Summary

This post provides a template for creating a new category on the forum. It offers guidance on why the category is useful, how it differs from existing ones, recommended content for topics within the category, and considerations on merging it with another category if needed.

Forum Redesign Feedback

Created: 2024-05-13

Author: @maxwell

Summary

A thread has been set up for feedback on the governance forum (gov.optimism.io). Users are encouraged to share their thoughts on accessibility, ease of navigation, and clarity. Constructive feedback is being sought to maintain a high signal-to-noise ratio, with engagement subject to the Forum Rules of Engagement.

Zach Obront - Developer Advisory Board Operating Budget

Created: 2024-05-13

Author: @zachobront

Summary

Zach Obront is being proposed as the lead for the Board with an operating budget of 90,000 OP. His qualifications include being a security researcher and past experience on the Developer Advisory Board. The proposed expanded charter focuses on supporting the community through technical decisions, assisting the Grants Council in evaluating Mission Requests, and providing a technical perspective on the OP ecosystem’s vision.

The breakdown of the operating budget includes roles such as Lead, Upgrade Czar, Ops Lead, and Additional Members, each with specific responsibilities. The post also mentions key performance indicators and measurements to track user experience and performance, such as prompt non-technical summaries of Protocol Upgrades, participation rates, and grant recipient milestones.

Season 6: Introducing Blockspace Charters: Superchain-first Governance

Created: 2024-05-13

Author: system

Summary

In Season 6 of Optimism Governance, the introduction of Blockspace Charters is proposed to provide technical governance for the Superchain ecosystem. These Charters specify criteria, governing policies, and precommitments for different types of blockspace within the Superchain. The goal is to address the variety of OP Stack-based chains’ technical differences and to offer clear guidance for decision-making within the ecosystem. The Superchain Registry, along with an improved upgrade proposal process, will support the deployment of Blockspace Charters, ensuring transparency and accountability within the system. This initiative aims to foster a stable and innovative environment for growth and collaboration in the Superchain ecosystem.

Season 6: [Draft] Charter-Aware Upgrade Proposal Template

Created: 2024-05-13

Author: system

Summary

The draft charter-aware upgrade proposal template for Season 6 involves soliciting community feedback on proposed changes. It includes sections such as Proposal Title, Proposal Type, Executive Summary, Motivation, Specifications (including Blockspace Charter details), Impact Summary, Precommitment Impact Review, Action Plan, and Conclusion. This structured format aims to ensure clarity, transparency, and accountability in governance proposals, with a final version to be approved by the Token House in Season 6.

Season 6: [DRAFT] Standard Rollup Charter

Created: 2024-05-13

Author: system

Summary

The document outlines a Draft Standard Rollup Charter proposed by the Optimism Collective for Season 6, seeking feedback from the community. The charter aims to establish the Standard Rollup as a high-security, decentralized blockspace product. It details criteria for being a Standard Rollup, including onchain and offchain checks, governance policies, and procedures for potential violations such as Governor Key Recovery, Sequencer Censorship, Responsible GasLimits, Responsible Batch Submission, Fee Margins, and ResourceMetering. Additionally, the charter makes precommitments related to fee splits and anticipates changes for future upgrades, including Governor/Servicer role separation, Ossified GasLimits, and Direct Fee Margin Controls.

Governance Fund Monitoring: Warden Swap

Created: 2024-05-13

Author: @v3naru_Curia

Summary

After the approval of the Warden Swap proposal in voting cycle 2.1, concerns arose regarding the utilization of the Governance Fund. The Fund was allocated towards Marketing, Trader Incentives, Referral Program, Builders, and Development & Maintenance. Issues surfaced as minimal marketing efforts were observed, only a fraction of the Trader Incentives was distributed within the proposed timeline, and no significant activities were visible in the Builder & Referral Programs. A recent resurgence in activity by Warden Swap in 2024 led to a proposed vote for distributing OP tokens, with some controversy surrounding new wallet holders amassing governance tokens just before the vote, potentially impacting governance decisions. The situation has sparked discussions within the community about transparency, legitimacy, and insider influence concerning governance processes.

Retro Funding 4: Voting Experience

Created: 2024-05-13

Author: system

Summary

The discussion revolves around the Retroactive Public Goods Funding (Retro Funding) round 4 voting experience. It reflects on what was learned from previous rounds, addresses challenges faced in voting processes, and introduces a new approach where badgeholders vote via weighted metrics rather than individually. The voting implementation involves collaboration between various teams including the Optimism Foundation, West, Open Source Observer, and Agora. Impact metrics will be based on blockchain trace data, web social & reputation data, and code contributions. Badgeholders are also involved in shaping impact metrics. The initiative aims to reward the use of Open Source licenses and is experimenting with defining profit within the impact = profit framework using a deliberative process. The discussion is ongoing, with updates to follow.

Top delegates and their interconnections: a look at the data

Created: 2024-05-14

Author: @Eyal

Summary

DeepDAO.io analyzed data on top delegates and their interconnections within the ecosystem. The study showed that many top delegates are gaining delegators from platforms like Optimism and Arbitrum. The analysis focused on the top 5 delegates and brought up several key points:

  1. Many top delegates are engaged in multiple DAOs, which can enable communication and partnerships but may also pose conflicts of interest.

  2. Looking at top delegates can help in discovering emerging DAOs that pique their interest.

  3. Questions were raised regarding whether top delegates constitute a new financial elite managing substantial amounts of value in top tokens.

  4. There is also a question about whether delegation is contributing to centralization or working as a second power center balancing the original teams and foundations.

The team at DeepDAO.io mentioned that they are developing a more detailed report with additional data and insights for the future.

Season 6 Opensource Draft Charter

Created: 2024-05-14

Author: @danelund.eth

Summary

The Season 5 grants council has engaged Lund Ventures to create an opensource draft charter for Season 6. The draft document is now available at the provided link and will be updated based on community feedback. Prospective leads are encouraged to provide commentary and make adaptations to the document as needed for Season 6.

Introducing MarkitLend US Consumer Credit Strategy

Created: 2024-05-15

Author: @mison

Summary

MarkitLend, co-founded by Michael Sonenshine and Fernando Sanchez, is introducing its Consumer Credit Strategy, focusing on buying consumer finance loans from platforms like Prosper and LendingClub. With a track record of generating an average 7.5% returns annually, they are now looking to attract external investors. The fund aims for growth with steady income, and interested parties can find more information on their website. Sonenshine invites the Optimism Community to discuss potential funding proposals and welcomes feedback. If interested, individuals can schedule a call with him via Calendly.

Big Picture: The Grants Council

Created: 2024-05-15

Author: @seedlatam

Summary

The discussion revolves around the significant role played by the Grants Council within the governance of Optimism as a leading Layer 2 solution. The Council’s formation, evolution, structure, and impact over the past three seasons are detailed. The document highlights the Grants Council’s focus on efficiency, transparency, and responsible fund allocation and tracks its activities, including the number of applicants, beneficiaries, budgets, and grants distributed across seasons. The positive impact of the Grants Council on governance is noted, as seen through increased applicant numbers and beneficiaries. Suggestions for further improvement, such as dedicated subcommittees for audits, broader marketing efforts, and initial feedback groups for proposals, are also provided. The compiled data aims to offer delegates and community members a comprehensive view of the Grants Council’s work and influence within the Optimism ecosystem.

Optimism Community Study🔴: CALLING FOR STUDY PARTICIPANTS

Created: 2024-05-15

Author: @Josey

Summary

The post invites a range of participants to a behavioral science study on Optimism, funded by Optimism Academics. The study aims to understand the factors contributing to a sense of community and user loyalty within the Optimism network. Through the lens of identity fusion, the study explores how users form connections and perceive Optimism. Understanding these dynamics is crucial for Optimism’s growth, community resilience, and unique positioning within blockchain networks. The call to action encourages participation in the survey to support the study and strengthen Optimism’s standing in the blockchain space.

Season 6 AMA will be Thursday, May 16th at 11:00 ET 15:00 UTC

Created: 2024-05-15

Author: Michael

Summary

Learn more about Season 6 by joining an AMA session hosted by @lavande and the Foundation. You can catch up on the latest information by watching the presentation from the recent community call, checking out the Season 6 Guide and Reflection Period Guide. Come prepared with your questions and join the discussion using the provided Google Meet link.

Superchain and the Monolithic Experience - A cross-chain guide for Superchain

Created: 2024-05-15

Author: sandman

Summary

Sandman, a researcher from Delphi Digital working on the cross-chain report for Superchain, introduces essential concepts of cross-chain interoperability like Token Bridges and Messaging Bridges. The report delves into stakeholder preferences, recommendations for Superchain, and various directions it can take, including options like No Changes to the Base Layer, Asynchronous Composability, Shared Validity Sequencing, zk-Aggregation Layer, Shared Sequencer Networks, and Based Sequencing. The report suggests focusing on solving the Ethereum interop problem using Based Sequencing, aiming for a monolithic chain with the benefits of fragmented rollups. Stakeholder efforts are also evaluated for achieving a cohesive user experience. The full report provides in-depth insights and invites a discussion on the proposed solutions.

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

Created: 2024-05-16

Author: maurelian

Summary

Maurelian from OP Labs discusses a protocol upgrade for the Superchain, aiming to enhance security and decentralization. The upgrade includes: increasing Security Council Safe’s signing threshold, reassigning Guardian role, appointing DeputyGuardian, and transferring ownership of the L2 ProxyAdmin contract. The detailed technical changes to the existing system, security considerations regarding code and operational aspects, and the potential impact of the upgrade are outlined. The upgrade does not affect node operators and aims to increase decentralization within the system while maintaining incident response capabilities. If passed, the upgrade is planned to be executed efficiently without node operator intervention.

Joint House Call will be [Tuesday, May 21st @ 10:00PT / 13:00 ET / 17:00 GMT / 19:00 CET]

Created: 2024-05-16

Author: Michael

Summary

The discussion event hosted by Joint House will feature an AMA with OP Labs engineers on future upgrades and Retrofunding Round 4 discussion. The meeting link is provided for those interested in joining.

Upgrade Proposal: Fault Proofs

Created: 2024-05-16

Author: ajsutton

Summary

OP Labs, as a core developer of the OP Stack in the Optimism ecosystem, has proposed a protocol upgrade for the OP Mainnet to reduce trust assumptions for users. The upgrade introduces a permissionless fault proof system which empowers users to propose output roots and participate in disputes without relying on centralized entities. The upgrade also extends the capabilities of the Guardian role to disable the system in emergencies, maintaining security. Security Council approval is required for deployment, aligning with decentralization goals. The upgrade does not affect node software and includes contract changes for withdrawals and dispute resolution. Security measures and fallback mechanisms are in place to ensure system safety. The impact includes invalidating pending withdrawals, with users needing to re-prove them. The upgrade has already been activated internally and on testnets. No downtime for node operators is expected. Communication plans are in place to notify the community about changes. Ultimately, the upgrade signifies progress towards decentralization by implementing a permissionless fault dispute system on OP Mainnet.

Introducing $REGEN

Created: 2024-05-16

Author: revmiller

Summary

The forum post discusses $REGEN, a memecoin on Optimism aiming to create a culture coin and impact token. $REGEN will be distributed via iterative airdrops based on engagement and ‘Proof-of-Regen’ activities, with plans for a tipping system for users. The project seeks community feedback on various aspects such as alignment with Optimism, public goods funding, stakeholders, and reward mechanisms, encouraging collaboration and growth within the regenerative movement. Core contributors behind $REGEN include cyrus, innvertir, nicnode, cjh, mogylnyi, and rev. Interested participants are encouraged to visit regen.tips to engage with the project and contribute to its development.

[Draft] Code of Conduct Council (CoCC) Operating Budget for Season 6

Created: 2024-05-17

Author: juankbell

Summary

The discussion revolves around the renewal of the Code of Conduct Council (CoCC) for Season 6 in the Optimism ecosystem. The proposed scope for the council is limited to enforcing the Rules of Engagement on all Optimism platforms. Juan Carlos Bell is nominated as the proposed council lead with a budget increase from the previous season. The council structure includes subcommittees, member elections, positions, responsibilities, and KPIs for measuring impact. Delegates are asked to vote on approving the operating budget and thus electing the council lead. If the budget is not approved, supportNERDs will continue enforcing the rules. The importance of governance participation, reporting criteria, and impact measurement for the council are also highlighted in the discussion.

Gene - Delegate Communication Thread

Created: 2024-05-17

Author: gene

Summary

The user shared their opinion on developments in the OP ecosystem, specifically regarding protocol governance and individual proposals. They initially felt hesitant to voice their thoughts but now believe their experience and understanding of the ecosystem qualify them to participate in discussions and decision-making. They serve on both elected and appointed councils, which further motivates them to advocate for more inclusive participation in governance activities and encourage the involvement of diverse voices in decision-making processes.

Governor Update Proposal #2: Improvements to advanced delegation allowance calculations

Created: 2024-05-17

Author: Agora

Summary

Agora, the governance software company supporting the Optimism token house governor, is proposing an upgrade to address issues in the Alligator allowance storage system related to partial delegation and sub-delegation for OP voters. The upgrade aims to prevent scenarios where delegated votes could result in inaccurate voting power calculations. The motivation for this upgrade stems from the introduction of advanced delegation in a previous version, enabling users to delegate voting power to multiple delegates without splitting their balance. The proposed changes ensure correct calculation of voting power in complex delegation states. The upgrade has been audited by Open Zeppelin, with no identified issues. If approved, the Optimism Foundation will implement the changes, enhancing the voting experience for users with advanced voting power.

La Causathon - Hackathon by Space4Build (Dao´s Challenge feedback)

Created: 2024-05-17

Author: TheMvp07

Summary

Space 4 Build announced the upcoming Causathon, an in-person hackathon in Lima, Peru, alongside the Optimism Connection Virtual Conference. The event aims to create a positive experience for developers, volunteers, and organizations. Challenges focus on Dao’s, Gaming, Marketing, and Innovation. Participants are encouraged to provide input on improving digital aspects of the collective, including governance, security, incentives, communication, and financial sustainability. The organization is dedicated to building a better community and invites feedback through various contact channels.

Optimize Optimism Development with GetBlock RPC Node Services

Created: 2024-05-17

Author: pcGB

Summary

GetBlock, a leading flexible node provider, now offers support for Optimism and over 60 networks. Developers have the option to choose between shared and dedicated Optimism nodes, as well as request custom node clusters for specific project needs. With 24/7 support, developers can benefit from reduced stress and costs in blockchain development, whether for prototyping on testnets or scaling on Optimism mainnet. Explore leveraging Optimism nodes for web 3 dApps through GetBlock’s Optimism RPC and free API endpoints.

Grants Season 5, Round 2 — Data Analysis

Created: 2024-05-18

Author: 1a35e1

Summary

The discussion revolved around the lack of transparency in grant ranking for applicants in a specific project. The rubric scores were difficult to interpret, prompting someone to clean the data for analysis and share it for transparency. The goal was to identify key factors influencing ranking for applicants, assist reviewers with clean data, and increase transparency in the allocation process overall. Links to the cleaned data and a GitHub repository for reproducibility were shared, alongside references to relevant documents.

[DRAFT]: Proposed Grants Council Charter - Season 6

Created: 2024-05-19

Author: @Gonna.eth

Summary

The discussion provided details on a proposed open-source charter for Season 6 of the Grants Council. The main goals include establishing a streamlined process for grant applicants, enabling delegates to make grant decisions, and reducing workload for non-Council delegates. The structure involves different teams like the Superchain, Optimism Mission, Audit and Special Mission, and Milestones and Metrics teams, each with specific goals, review processes, and consensus requirements. The participants are elected for each season, and accountability measures are in place to ensure transparency and re-election processes. Budget proposals and operational details are managed by the Council Lead. The Charter will be updated and posted on GitHub for any modifications.

Season 6 Grants Council Operating Budget

Created: 2024-05-19

Author: Gonna.eth

Summary

A proposal has been put forth by Gonna.eth to lead the council with an increased budget for the upcoming season, focusing on core metrics like active developers. The proposed budget of 605,000 OP includes allocations for various council members and roles. The council’s impact will be measured through KPIs related to builder experience and grant performance, aiming for high NPS ratings, supporting quality applicants, and achieving grant performance targets. Governance will focus on these metrics to evaluate the council’s effectiveness in driving network usage and successful grant outcomes.

Discussion on Protocols on Optimism that received grants

Created: 2024-05-19

Author: Aadarsh_PYOR

Summary

The discussion centered around the protocols that received grants from The Optimism Collective, as analyzed by PYOR, a blockchain analytics firm. The standout performer is Aerodomefi with a 333% increase in Total Value Locked (TVL), followed by SushiSwap with a 217% increase and Uniswap with a 153% increase. Other RPGF recipients saw varied changes in TVL, with some experiencing growth and others a decline. A key highlight was the impressive 3x TVL growth of Aerodomefi, showcasing significant progress in the Optimism ecosystem.

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