I dont think so though because if I cant validate metrics like the other project then voters will have the same issue with my proposal. Spending lots of time on a proposal, answering questions and etc, to just be written off from the start seems pointless.
I can only speak for myself but I wanted to add some clarification since this doesnât include my other comments on why I abstained from that proposal. After reviewing for a few days (did not just write this off from the start), I was very much on the fence still with not being able to verify the metrics as one of the factors and if I were to vote a yes or no it would have determined the outcome of the proposal. I didnât feel strongly enough in either direction. The other factors for me were I am not an expert on wallets but am generally not a fan of closed-source wallets.
Abstaining does not affect the vote in terms of getting towards the 51% yes so I donât think that my decision as a delegate to abstain in that proposal should mean you shouldnât consider applying as each proposal is different. However, I would recommend getting some basic feedback / sense check in Discord first on what youâre building.
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My problem is I dont want to be wasting weeks of time to get abstain or no because I cant prove my metrics, as you mention your decision as #1 voter seems to be on metrics and many others also, but how can I prove? I am not as big as that project and I doubt as well known so there really seems to be no chance for me or other infrastructure projects
Also is closed source a issue? Because I thought that OP proposals were open to all types of projects especially since OP is closed at the moment it self and most infrastructure projects are closed source
Hey,
These are very valid concerns and I understand why you feel this way but an infrastructure project isnât pre-determined an instant no. As I wrote, our initial vote was yes but we decided to change our mind, and we will continue to treat each proposal with an unbiased view.
At StableNode we have a combination of factors that we take into consideration, but on a minimal level, smaller amounts of OP requested with supporting metrics and a detailed explanation of OP distribution make it easier to support a proposal. Those protocols with a proven track record have a better rate of getting passed but itâs because they have proven themselves.
I donât want to delve deeper into our reasons for saying no to Infinity Wallet because I will add them to our delegate thread but the best way is to probably make a proposal. No one is going to âwrite you offâ as you say above but see these proposals as a way to get your project out there. I personally read about every protocol that goes to vote and that itself is a marketing tool and a way to gather feedback.
Yeah, the speed these are coming does seem a bit fast. Itâs also tough to get some visibility into the process for a newbie like myself.
Here is a roundup for my votes on Cycle 3 along with links on each proposal and forum post where I explain why each vote was made.
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DONE ďźnice projectďźkeep optimism
Cycle 3 votes
A: Superfluid: Against
B: Kromatika: Against
C: Hundred Finance: For
D: Biconomy: For
E: Dope Wars: Against
F: Infinity Wallet: For
G: Dexguru: Against
H: Overnight: Against
I: Saddle Finance: For
My vote breakdown:
Proposal A: Superfluid - FOR 
Money streaming is a novel use case of crypto and iâm super excited to see it grow, especially on optimism. 150k $OP requested is also a reasonable budget for a project with this level of traction
Proposal B: Kromatika - AGAINST 
300k $OP requested, 50% to be spent on influencer marketing. My voting will always be heavily biased into builders and honest users. Iâm not comfortable with spending $OP for paid tweets.
Proposal C: Hundred Finance - ABSTAIN 
Abstaining because i donât understand the process behind this defi system.
Proposal D: Biconomy - FOR
Biconomy does a great job at lowering the barriers to use crypto. Iâm hugely in favor of using $OP to bootstrap reimbursing fees to Optimism users. The amount requested is big, but as far as i understand it will not be used to directly cover costs.
Proposal E: Dope Wars - AGAINST
I just donât believe this type of a game works best in driving optimism adoption. I would be more comfortable with assigning 100k $OP since the project already exists and has traction and could use it to build something cool, but 1m $OP is way too much.
Proposal F: Infinity Wallet - AGAINST
500k $OP requested. Directed fully into funding a non-open source project.
Proposal G: Dexguru - AGAINST
300k $OP requested, the distribution will be decided by a token that doesnât exist yet, which introduces a potential for abuse.
Proposal H: Overnight.fi - ABSTAIN
Abstaining since i donât understand this value proposition.
Proposal I: Saddle Finance - ABSTAIN
Abstaining since i donât understand this value proposition.
Free thoughts:
-
Maybe this is just me, but i would appreciate some criteria for voting in these âecosystemâ rounds. I signed up to be a delegate to work on funding public goods and this voting requires thinking in a different context.
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Changed AGAINST to ABSTAIN for projects that i donât understand. In general i assume that overcomplicated defi (gauges, rebases, non-utility-staking) serve to build ponzis and speculation projects, but I donât want this bias to work against legitimate defi projects.
The good news:
Our votes in this cycle match the current results 100% and wouldnât have changed the result.
A: Superfluid: Yes
B: Kromatika: No
C: Hundred Finance: Yes
D: Biconomy: Yes
E: Dope Wars: No
F: Infinity Wallet: No
G: Dexguru: No
H: Overnight: No
I: Saddle Finance: No
The bad news:
We created our Gnosis Safe on the Ethereum network and were able to vote on the first 2 proposals but we were not able to vote this time. Due to a vulnerability, Snapshot has changed their settings last week for security reasons and is only allowing votes from safes on the same network from now on.
Weâve been in touch with Snapshot to resolve this (they were helpful!) and ultimately we tried to recreate our Safe on the Optimism network with the same address according to a tutorial and with help from a friend from Gnosis Safe but unfortunately the network address on Optimism differs from the Ethereum network address and they do not recommend redeploying and using the address on another network and make it consequently hard for future use.
Solution - Manual redelegation is needed!
As currently delegated tokens can not be used to vote on proposals anymore(!), we have created a new account that we will use from now on to vote on Op proposals. We ask the Op team to change our delegate address to the new address to make sure no new votes are delegated to our old address.
We hope you consider redelegating with us but we understand if you pick 1 of the other great delegates.
This is our new delegate address:
Superdelegate.eth - 0xA56DfbE8010a8830a9Fe5B56e8efF7236e277120
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Sorry to hear you guys canât vote this cycle, might not have any option but to have everything relegated manually as I donât think the team can tweak delegations for you.
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are there any updates about the new voting cycle?
@arabianhorses similar to last cycle, once current cycle is completed, we will get some time to review and provide the feedback and voting for next cycle begin. So, in 2 weeks.
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Isnât current cycle completed?
" Voting Cycle 3 begins Thursday (July 7) at 12pm PST / 7pm GMT and runs until Wednesday (July 20) at 12pm PST / 7pm GMT."
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While this is a reply to @MoneyManDoug it is actually more of a general comment.
Doug has stated:
But according to:
the actual amount of OP to be distributed is closer to 196m, i.e. âPhase 1 will begin after Airdrop #1 and will distribute the remainder of the Governance Fund (approx. 196,128,233 OP) to projects in the Optimism ecosystem. Phase 1 will run from Airdrop #1 until the Governance Fund is exhausted.â
Am I wrong here? Or am I not mistaken?
My point is if these voting cycles are going to run back to back for every fortnight, how long is it going to take to distribute 196m OP when more than approximately 3 in every 4 Proposals gets voted down? Has anyone calculated how much OP is being distributed every fortnight, on average? I havenât done exact calculations, but a rough guess is that itâs going to take a LOT of fortnights to crank through 196m OP.
My suggestion is that the super delegates (letâs be straight, theyâre deciding most of these voting outcomes) could maybe be a bit less cynical and/or less risk adverse? No need to be foolish, but if this process is meant to kickstart an ecosystem, then perhaps power voters could try being a bit more optimistic and show a little more faith in new ideas, even if they arenât proven, world leaders (yet!). Or more formally: They could recalibrate their proposal evaluation criteria to place greater weight on the ecosystemâs early momentum? After all, youâre acting as a delegate of anotherâs fund. These proposals arenât asking for the OP to come out of your own back pocket.
Thanks for your time. Itâs nice to be back.
Cheers,
Axel
EDIT: Disclosure - part of my motive for this comment is that Iâm thinking of re-drafting or creating a 2nd proposal, but Iâm still on the fence as to whether itâs worth the time & mental effort when the bar appears so high to pass, and proposal success appears to be limited to established, insider projects who often shouldnât need any more incentive. So my motive was to see if I could ideally shift the standard For/Against waterline, and from here see which side I came off the fence on.
2 Likes
unfortunately the network address on Optimism differs from the Ethereum network address and they do not recommend redeploying and using the address on another network and make it consequently hard for future use
Hey do you mind elaborating a little bit on this? Is there a technical barrier preventing from voting with an L1 native multi-sig or are you saying that it is possible to vote with the safe by manually inputing tx data and executing through some alternative instance but are choosing not to in order to avoid going through that potentially tedious process repetitively in the future?
I ask these questions because Iâm in a similar situation and would appreciate the insight, thanks.
This is the process we went through:
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We voted with our Safe deployed on Ethereum mainnet the first 2 voting cycles.
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Then Snapshot changed their settings, now requiring voters to be on the same network to vote (Op governance â Optimism).
We needed to gain access to our Safe address on Optimism. 
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We checked how to recover funds / redeploy gnosis multisig on other networks (Gnosis Safe guide)
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Our hopes got up as we saw that our case is covered (Safe version 1.3.0) and we found this tutorial
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Following the short tutorial, we realized that the network address of Optimism (Chain ID 10) differs from Ethereum (Chain ID 1). The tutorial speaker tell us that itâs impossible to recreate a Safe on another network if the network address differs. Snapshot guys confirmed: âAnd in your case, your contract factory is not
0xC22834581EbC8527d974F8a1c97E1bEA4EF910BC, relayer only read and verify signatures coming from this factory on OP networkâ (See Gnosis Safe proxy contract)
Also, the Gnosis Safe interface does not support the new Op Safe: (not exactly sure why)
-
âIt needs to be noted that Safes with the same addresses on L2 and sidechains work out of the box with the Web and desktop UI. However, existing Safe addresses on Eth mainnet re-created on L2/sidechains (and vice versa) do not load up within our UI. This is because they use different singleton contracts.â
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âGnosis Safe doesnât support redeployed Safes in their frontend as that feature is only available to recover funds but not supposed to be used for ongoing processesâ
There we stopped initially due to too many hurdles to get going and for future use.
- Then, we saw the guys from GFX claiming that they could vote with their multisig address using the Boardroom interface.
- We tried to use Boardroom but we got the following error message "Boardroom requires that you switch your wallet to the Optimistic Ethereum network to continue. Some wallets may not support changing networks. If you can not change networks in your wallet you may consider switching to a different wallet" - basically running into the same issue again.
- At that point, we tried once more to access the address on Optimism following the tutorial but we realized that we created our original Ethereum Safe with the Argent Wallet which basically makes it impossible to go through the process of recreating the address on Optimism.
Maybe GFX managed to access their Ethereum address on Optimism despite the network address difference and could therefore utilize the Boardroom interface? Did you use Metamask?
@GFXlabs @kevinknielsen maybe you can help?
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Thankâs a bunch for that detailed explanation @ScaleWeb3, really appreciate it as it clears up some things for us.
I did not know that piece about the Argent wallet, Iâll try to also dig up some answers as well. So far we have made some progress around voting with our L1 native safe on Optimism but nothing conclusive yet.
Will keep you posted here, thanks again.
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GFX Labs has a msig on mainnet eth we use for all of our governance needs. We used the same address for OP governance. We were able to redeploy our msig (with the same address) on OP and use it since we have access to the controlling addresses.
For Boardroom, I used WalletConnect and the Gnosis Safe site to connect our OP msig with their site, and then I could vote like normal.
You need to deploy your mainnet eth msig onto OP and then you should be good to go.
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