This thread is intended to provide a record of StableNodes’ voting and reasoning for each vote.
Address or ENS: stablenodegov.eth
Our view on the Optimistic Vision:
At StableNode, we believe that public funding is essential to developing a non-financial-driven web3. We believe that the focus should be on encouraging developers to take a different approach to web3 and focus more on public goods where a lot of development is made. Even though public goods are necessary to the space, there is a lack of funding, making it a less attractive role for developers.
Initially, the blockchain space was born out of a need to change the current financial and political standards that we have. The Optimistic vision details a necessary future and sets a new standard for public funding that is sustainable and will encourage new developers to focus on this field while not sacrificing the financial gain they would gain elsewhere.
Our view on the first three articles of the Working Constitution:
- This is a “Working” Constitution.
Currently, we are in the exploration stage of governance, and it is refreshing to see a protocol acknowledge this and encourage continuous experimentation throughout the next few years.
Decentralized governance is relatively a new field within Web3. It is an important topic that we need to continue working on. Many problems such as voting mechanisms, delegate incentives, and plutocracy need to be tackled. We believe that the best way to succeed is to practically try new governance methods in protocols and understand what is successful or detrimental to a protocols governance framework. The theory is essential, but it can only get you so far. We are excited to be a delegate for a protocol that prioritizes experimentation.
- OP Citizens and OP Holders will equally coexist within the Collective.
This experimentation hopes to tackle problems such as misaligned incentives through token holders or plutocracy. Such issues are prominent in the space and allow token holders to prioritize their financial gains over long-term improvement. With the citizen house maintaining control over the retroactive public funding it realigns incentives in a more fruitful manner.
Those individuals from the token house might be against public funding as this means reduced financial gains for themselves, but those from the citizen house who have no financial incentives for OP would want to see the space move forward and see those actors developing public goods be compensated fairly.
- The Optimism Foundation will be a steward of the Optimism Collective and its early governance model.
We favor the foundation initially leading the governance front while the framework and structure of the OP governance are being built. With token holders and delegates initially not having a financial incentive to contribute, it is most likely that progress would be slower without a foundation. Over time as the structure and framework are built, as mentioned in the working collective, it would be expected that the foundation would slowly release the responsibilities to the DAO.
Our Web3 interests:
DAOs, Data and analytics, DeFi, Governance, Social impact
Our skills and areas of expertise: Governance and Growth
We are currently delegates at Element Finance, Balancer, MakerDAO, and others.
What voters can expect from StableNode:
We will use our expertise to import the most promising practices within governance to guide Optimism governance to a more sustainable approach.
We want to help facilitate discussions where we can identify the best practices and recognize how to tackle core problems within governance such as plutocracy, voter apathy, and lack of experimentation.
As delegates, we pursue:
- Active participation in votes
- Transparency for each vote
- Open discussion and contribution to the DAO forum
- Contribute to the innovation and development of governance frameworks
Conflicts of Interest
StableNode acts as delegates on other protocols. All of our governance participation is public.