Season 6: Chain Delegation Program Amendment

Special thanks to @brichis,@kaereste, and @Porter_Smith for review and feedback on these amendments as part of the Feedback Commission

Season 6: Chain Delegation Program Amendment


Chain Delegation Program Amendment

The Chain Delegation Program was not utilized in Season 5 due to longer than expected timelines on the partnership side and due to the ongoing evolution of what it means to be part of the Superchain. However, the Chain Delegation Program is expected to play a meaningful role in our plans to onboard the next ~15 OP Chains. Below we propose an amendment to the original proposal, based on changes that have occurred over the course of Season 5. This program pertains only to L2’s as governance controls protocol parameters at the L2 level.

  • OP Chains that meet the below criteria will be eligible for 250k OP in delegation:

    • In the Superchain Registry (or similar)
    • Committed to contribute revenue back to the Collective and generating > 1 ETH / month in sequencer revenue, for at least 2 consecutive months
  • Additionally, chains the meet the below requirement will be eligible for an additional 750k OP in delegation:

    • 1M in transaction volume per month, for at least 2 consecutive months (qualifying Chains will be re-assessed on this metric at the beginning of each Season.) This metric more closely ties to private grant milestones, replacing the previous revenue generation metric (in part due to the impact of 4844).
  • Chains operating on the Standard Configuration would be eligible for an additional 500k OP in delegation (a total of 1.5M OP for these chains.)

  • Qualifying Chains will be re-assessed on these metrics at the start of each Season.

  • The size of the program would be increased to 20M, to support the first ~15 OP Chains in their first year of governance participation. All delegation formulas and caps remain the same.

  • The duration of the program would be extended, to support the first ~15 OP Chains in their first year of governance participation, on a rolling basis until, all qualifying chains have gone through the program.

  • All delegations made through this program will be capped at the point at which an OP Chain reaches 3M in delegation (including Partner Fund grants able to be delegated), at the time of opt-in.

  • No delegations have been made through this program to date. Any delegations that are made will be noted as a comment to this forum post.

  • OP Chains will not be added to this program until they opt-in and verify they are able to uphold the below participant expectations

    • OP Chains must maintain a >70% voting participation rate during the Season, calculated at the start of each Season, or their delegation will be removed at the start of the next Season

    • Delegates should set an ENS Primary Name to their delegation address and create a delegate statement on vote.optimism.io. It is also recommended to set an ENS avatar with the logotype of the OP Chain.

    • Chain delegates should identify a point of contact that will be responsible for this delegation. It is recommended that this delegate attend community governance calls, hosted bi-weekly.

    • Chain delegates will be top 100 delegates, which mean they are eligible to provide approvals on proposal drafts and should be active in the governance forums.

The new program charter, updated with the above changes, can be viewed in its entirety here.


What Does it Mean for Delegates?

The proposed amendments to the Chain Delegation Program will go to a vote in Special Voting Cycle #23a. You can see the full details in the Season 6 Reflection Period Guide. If the amendments are not approved, the Chain Delegation Program will continue to through the end of Season 6, as approved in the original proposal.

In either case, the Chain Delegation Program will continue to be delegated 10M OP from the Governance Fund through the end of Season 6.

As part of the Path to Open Metagovernance, we’ll be experimenting with polls this Reflection Period.

Are there any aspects of the Chain Delegation Amendment that you are NOT supportive of?

Please provide additional feedback in the comments if you select any answers below

  • Expansion from 10M OP to 20M OP
  • Expansion of term length of program
  • Tiered qualification and delegation amounts
  • Specific qualification criteria
  • Additional participation requirements
0 voters

Do you believe this proposal is ready to move to vote?

Please provide additional feedback in the comments if you select any of the below

  • Yes
  • Yes, with adjustments
  • No
0 voters