Hi again!
We’re always posting our procedures and activities, so this monday 11/7 we had our 7th Governance Call in DeFi LATAM in collaboration with Optimism Español to discuss the proposals of last voting cycle (#8). We continue to share our experiences as delegates and part of the governance committees in this season 2. This call was one of the longest we had and with a lot of debate about the proposals. We also had the pleasure of having the delegate @olimpio in our discussion with the community.
Participants: +18 attendees. Duration 3hs. As always, many thanks to our contributor Pacha for the design of these POAP series.
Our voting procedure
Our procedure remains intact as the previous governance calls, we encourage our members interested in Optimism and its ecosystem to express their opinion and be an active part of the final decision-making, as a way to absorb the experience, criteria and preferences of all in one voice. During this round we were able to observe more participation/discussion from our community members.
As a result, our vote for cycle #8 has been the following:
-
Alchemix: For
Following DeFi committee A recommendations. In the previous period Alchemix received important feedback and they moved forward by resubmitting the proposal. Our community saw the changes applied by the Alchemix team very positively -
Arrakis Finance: Against
The three points considered by Committee A were well considered by our community. Also, the intentions of helping new illiquid projects on Uniswap V3 are noble, but it is appropriate to give more details of this approach and avoid gambling incentives, or else start low to judge the results later. Happy to see an improvement to the proposition, as boosting Uniswap liquidity is a positive for the broader ecosystem, more often than not. -
Symphony Finance: Against
Committee A showed two important points to correct and our community also agreed. The Latam community is convinced that Symphony adds value to the ecosystem, it’s popular among the members of our community. However, a more focused proposal is expected. -
Homora V2 x Ironbank: Against
Our community voted against the recommendation of the Defi C committee. The reasons are those expressed by several governance delegates, HomoraV2 in close source and the biggest beneficiary of the proposal is Iron Bank. Homora is a protocol used by members of our community, some members also collaborate with their community. -
Angle Protocol: For
Following DeFi C committee recommendations, forex currencies like agEUR are a space worth boosting for asset diversity in the Optimism ecosystem. Also, Angle’s track record is respectable so far, which is why our community leaned towards this proposal. -
InsureDAO: For
Following DeFi C committee recommendations. The insurance protocols aren’t widely used among members of the community or ecosystem in general, for various reasons such as their lack of efficiency in a good fit to the DeFi ecosystem and complexity of understanding, but organic growth demonstrated so far, the coverage of a large number of protocols within Optimism and the KPIs proposed by the team, were essential for the decision made by the community. -
Curve: For
Following DeFi C committee recommendations. Curve is one of the most popular protocols among the members of our community, not only because of the incentives generated in Ethereum and other chains, but also because of its solid history without vulnerabilities and great developers teams that have behind. We expect to see the same traction on Optimism. -
Pool together: For
Following DeFi C committee recommendations. Latam communities has shown a particular affection for PoolTogether, in addition to being widely used by members, many started in crypto via this protocol. It was also very positive to show the results of the grant received through the partner fund. We hope that Pooltogether will continue to insert users to crypto and especially to Optimism. -
Overnight: For
Following DeFi C committee recommendations. In cycle #7 our community had voted against, and then Overnight team made the expected changes and in this cycle it was voted in favor. -
Socket: For
Following Tooling committee recommendations. In cycle #6 our community had voted against, then Socket team made the expected changes and in this cycle it was voted in favor. -
EthernautDAO: For
Following Tooling committee recommendations. Without a doubt, EthernautDAO adds a lot of value to the Optimism ecosystem. Glad to know that some members of our community have been mentored by EthernautDAO and have provided positive feedback of it. In addition, the change made in the proposal has been seen as positive. Thanks to @Gonna.eth who has been on some of our governance calls, sharing his opinion with our community. -
Tally Ho: Against
Although it was voted against, the recommendation of the tooling committee was considered for this decision. -
Ambire Wallet: Against
Same situation as Tally Ho. -
Messari: Abstain
Following Tooling committee recommendations. Our entire community knows the product and Messari’s reputation, however we consider that it is being offered a “service” and not a “proposal” along with the Optimism ecosystem. We also believe that it should be dealt with by other governance processes. -
Defillama: For
Following Tooling committee recommendations. All members of our community voted in favor of this proposal. We know the work of the team and we use the tools provided by Defilllama on a daily basis. -
Agora: For
Following the recommendation of the Tooling committee. The community believes that Agora’s value proposition is different from other governance tools. We await the development of the protocol to be tested by our community. -
Mochi: Against
Our community voted against the tooling committee’s recommendation. We have voted for governance tools with proposals similar to Mochi’s, we want to see the impact of these tools on the ecosystem before approving this proposal. -
Velodrome: Abstain
Since there was no recommendation from the DeFi A committee, there was a lot of discussion about this proposal in our community. Velodrome is one of the most used protocols by members due to the incentives given. Which led to the question if Velodromo is sustainable without the incentives, there was no consensus among the members. The importance of the Velodrome team for the expansion of the Optimism ecosystem was also highlighted. Points for and points against were touched. Our members did not reach a general consensus, so we voted to abstain.
Some notes about our presence at LABITCONF
With great joy, our members of DeFi LATAM community, Optimism Español, Layer 2 en Español, Mujeres en Cripto and Builders came together to have a presence all day in a booth during the LABITCONF event held on November 10 and 11 in Buenos Aires where +5000 people attended during the 2 days.
@NicoProducto (leader of Optimism Español) gave a talk on the governance of Optimism in front of +200 people.
A special thanks to @CryptoChica and @NicoProducto who managed and organized so that Optimism Español could be present at LABITCONF.
Conclusion
Between events where we present Optimism and season 2, it has been an intense few months and a lot of work for our community. However, our team was up to the situation and we were not only able to have a presence in all the presentations, but we also fulfilled our tasks within governance in a timely manner.
In the next few weeks we will be uploading our thoughts on the season 2 wrap up, season 3 start and the Council Grant.