Voted For the Inflation Adjustment: 2% → 0%
Upcoming inflation & dilution is going to be a big problem, no need to make this a bigger issue today with pre-approved funds for growth, partners, contributors…
Voted Against Treasury Appropriation (Read: Improvement is possible)
Generally, we prefer to not vote on non-events and rather use other channels to measure sentiment and support for different programs and Foundation initiatives. Epolyna raised also a good point that tokens should have been distributed more rapidly to a wider community. On the other side, the Foundation is also right about the market & somewhat ineffectiveness of previous incentive programs. Hence, props to the data-driven approach of the Foundation but moving tokens more aggressively into the hands of contributors should be a big goal for the next year. One of our main hopes for growth experiments is to really work on super short incentive programs, marketing programs to find out which “OP spent is indeed well-spent and leads to bigger Op ecosystem & higher Op price”.
Voted FOR a number of reviewers on growth experiments & builder incentives
It’s hard to measure individual reviewer’s input & output from the outside - basically judging public appearances such as hosting a governance call & forum activity - which is essentially not the core work.
1 Like
Voted For Dev Advisory Board & Budget, Anticapture Commission, Grants Budget & Security Council
It’s not easy to judge the different councils & commissions. We signed off on important councils and respective nominations this time.
Abstained from Carlos Melgar Code of Conduct Violation since there is no clear case from the limited info we see and voted Against setting up a code of conduct council budget.
We are in favor of experimentation but generally very sceptical of the growing governance apparatus. At this point, it seems governance is growing quicker than developer and application onboarding.
With the growing OP governance budgets, governance participants are being incentivized to become full-time OP politicians - which we are not in favor of. Long-term, we still prefer a leaner approach based on a set of core values where all Op participants can voice concerns & ideas while core dev copmanies, top projects & individual contributors take on a supervisory position. Something to keep in mind.
2 Likes
The latest round of RetroPGF is a disaster.
- OP governance participants ask for funneling more OP towards them.
- Ambassadors from other ecosystems create lists of affiliated projects to funnel OP towards them.
- Random VC funded projects ask for OP.
- Projects that received already 100K+ OP in grants, ask for more OP for random things (why pay $150K for a random open-source frontend?). Meanwhile projects aren’t even dedicated to OP.
Some of the applicants had a small impact on growing Optimism. 99% of those were already more than sufficiently rewarded for it. There are additional pots to further incentivize them to contribute.
Most - not all - applications this time have had nearly 0 marginal impact on (growing) Optimism.
Personally, I’d be fine funding public goods, funding positive sum contributions, open source contributions. This just feels like the same mistake many layer 1s committed in 2018/2019 when they were asked how they’d compete against EOS $4B war chest & they started throwing (good) money after random projects, short-term contributions which were not maintained, bad money (sunk costs)…
3 Likes
Ratified 2 more pre-decided proposals.
1 Like
Voted YES on
- Upgrade Proposal #3: Delta Network Upgrade as the cost reduction through batching can help the superchain to win additional projects & l2 marketshare and the testing seems sufficient
- Proposal to Reclassify Grant Misusage Enforcement due to the nature of the task: A group dedicated to oversight (Code of Conduct, or specifically Grants Tracking) will likely make a more informed, better judgement than delegates
Ratifying a Code of Conduct Council decision through a vote that already happened behind doors in a seemingly thorough process is not exactly what we envision for governance. Optimistic approval is smart in getting the approval from governance participants but we’re neither confident of a positive impact nor do we believe this makes great use of the collective expertise in this governance collective. We don’t know much about the 3 cases and consequently refrain from further comments.
Stay optimistic 
PS: Becoming more & more excited about the combination of onchain & Web3 social and believe it could be paying off well in the next year to focus on collectively growing real quality users & use cases in this area (See recent cast). I invite all qDAUs to join the OP-Stack channel. dm in case you want a free invite 
1 Like