Profile of Boardroom in Optimism

Posts by Boardroom

• [Mission Request] Optimism as base for LRTs by Boardroom - No Role
  Posted on: Aug. 6, 2024, 2:27 a.m.
  Content: Hey @pete you can apply for this mission Delegate Mission Request: Optimism Dominance in Yield-Bearing Assets 1 C · Issue # 210 · ethereum-optimism/ecosystem-contributions · GitHub
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• [Mission Request] Optimism as base for LRTs by Boardroom - No Role
  Posted on: Aug. 6, 2024, 2:27 a.m.
  Content: Hey @pete you can apply for this mission Delegate Mission Request: Optimism Dominance in Yield-Bearing Assets 1 C · Issue # 210 · ethereum-optimism/ecosystem-contributions · GitHub 10
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• [Mission Request] Optimism as base for LRTs by Boardroom - No Role
  Posted on: July 24, 2024, 1:16 a.m.
  Content: @pete we confirmed with other Council members, the Growth experiments grants will not be available as this cycle will specifically focus on Mission intents
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• [Mission Request] Optimism as base for LRTs by Boardroom - No Role
  Posted on: July 17, 2024, 12:02 p.m.
  Content: Hey @pete thank you for the question, this mission request was partially inspired by the previous Grants council request for LSTs by @jackanorak So in that aspect we would like to fund the LRT category that has not been focused on before for grant funding. LST projects will still be eligible to apply for the Growth Experiments grants which award up to 250 K OP to projects. We welcome any community suggestions regarding this Mission request scope.
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• [Mission Request] Optimism as base for LRTs by Boardroom - No Role
  Posted on: July 17, 2024, 12:02 p.m.
  Content: Hey @pete thank you for the question, this mission request was partially inspired by the previous Grants council request for LSTs 5 by @jackanorak So in that aspect we would like to fund the LRT category that has not been focused on before for grant funding. LST projects will still be eligible to apply for the Growth Experiments grants which award up to 250 K OP to projects. We welcome any community suggestions regarding this Mission request scope.
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• [Mission Request] Optimism as base for LRTs by Boardroom - No Role
  Posted on: July 16, 2024, 12:29 p.m.
  Content: thank you @Deelabs for the feedback on the mission. We are confident that OP will be at the forefront of capturing the latest DeFi narrative which will ultimately help in growing the superchain.
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• [Mission Request] Optimism as base for LRTs by Boardroom - No Role
  Posted on: July 9, 2024, 8:55 a.m.
  Content: Hey @Chain_L interesting question. Our intent is to attract existing LRT projects on mainnet to OP Mainnet. The requirement is for applicants to have sizeable liquidity on Mainnet, regardless of the fact that they have launched on OP Mainnet or not. The Grant should only be used to incentivise users of the Grantee projects to mint those tokens on OP Mainnet. We see that happening in two ways Projects are already live on both ETH and OP Mainnet: High liquidity on ETH Mainnet, Infrastructure already exists on OP Mainnet as well, initial traction is also there. Projects Live on ETH Mainnet but not on OP Mainnet: Project still eligible for Grants, but they have to carry out the deployment to Optimism on their own resources or apply for builders grants separately. They will require to link deployment as one of the initial milestones for grant payout and give a detailed plan of deployment of incentives for the Mission period Would love to hear your thoughts on anything that we can add here to make it even better for the performance of this mission.
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  Likers: Chain_L, Vahid84
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• [Mission Request] Optimism as base for LRTs by Boardroom - No Role
  Posted on: July 7, 2024, 2:19 a.m.
  Content: Optimism as the primary L 2 for LRTs Delegate Mission Request Summary: Bolster presence of LRTs on Optimism as the primary L 2 for hosting LRT liquidity. LRTs cumulatively have a TVL of $ 11 Bn+, mostly concentrated on Mainnet. S 6 Intent 8 : Intent 3 a: grow application devs on OP Mainnet Proposing Delegate/Citizen: Boardroom (Grants council) Total grant amount: 600 , 000 Should this Mission be fulfilled by one or multiple applicants: Upto 6 (Maximum 120 K OP for each applicant) How will this Mission Request help accomplish the above Intent? Currently more than $ 10 Billion in liquidity is locked as LRTs on Mainnet. Shifting even a fraction of this liquidity to Optimism from Mainnet will be significant. LRT liquidity is still nascent on most of the L 2 s, which means they are still in process to expand to L 2 s, giving Optimism an opportunity to be an early mover L 2 in this space. Increased liquidity on Optimism, will help for further structured product integrations within Optimism, increasing developer concentration. Mission funding specifically for LRT projects with staking tokens, and not defi protocols that use the tokens of these projects What is required to execute this Mission Request? Grantees must launch their proposed project by the half time mark of the Mission period, which in this case is 3 months. The grant to the project should be used to incentivize users to use the project and not for development/deployment to Optimism. How should governance participants measure impact upon completion of this Mission? Milestones: Milestones should represent tangible progress towards the deployment of the tool or application, and also also clearly define the features that will be complete and useable by the end of the grant period. Active Restaking infrastructure from the grantee project along with the rewards/incentives/points system that is also available on mainnet Milestones tied to the total liquidity that the projects bring on Chain Metrics: Did the project succesfully deploy? Is the project useable end-to-end as described in the application? Is the project reaching it’s desired users? Metrics to be measured in terms of the verifiable Token supply and number of users, using Optimism block explorer as a source of truth Impact: How many users did the grantee bring on with their project? How large is the design-space in applications unlocked by this project? How has this project contributed to developer growth? Has anyone other than the proposer contributed to this Mission Request? No Which metric will the success of this Mission Request be evaluated against? The North star metric against which this Mission Request should be evaluated is TVL, because the initiatives outlined above aim to attract an influx of additional assets. This metric was suggested by the foundation and approved by the Grants Council.
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  Likers: v3naru_Curia, mbuffara, Luckyhooman.eth
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• [Mission Request] Optimism as base for LRTs by Boardroom - No Role
  Posted on: July 7, 2024, 2:19 a.m.
  Content: Optimism as the primary L 2 for LRTs Delegate Mission Request Summary: Bolster presence of LRTs on Optimism as the primary L 2 for hosting LRT liquidity. LRTs cumulatively have a TVL of $ 11 Bn+, mostly concentrated on Mainnet. S 6 Intent : Intent 3 a: grow application devs on OP Mainnet Proposing Delegate/Citizen: Boardroom (Grants council) Total grant amount: 600 , 000 Should this Mission be fulfilled by one or multiple applicants: Upto 6 (Maximum 120 K OP for each applicant) How will this Mission Request help accomplish the above Intent? Currently more than $ 10 Billion in liquidity is locked as LRTs on Mainnet. Shifting even a fraction of this liquidity to Optimism from Mainnet will be significant. LRT liquidity is still nascent on most of the L 2 s, which means they are still in process to expand to L 2 s, giving Optimism an opportunity to be an early mover L 2 in this space. Increased liquidity on Optimism, will help for further structured product integrations within Optimism, increasing developer concentration. Mission funding specifically for LRT projects with staking tokens, and not defi protocols that use the tokens of these projects What is required to execute this Mission Request? Grantees must launch their proposed project by the half time mark of the Mission period, which in this case is 3 months. The grant to the project should be used to incentivize users to use the project and not for development/deployment to Optimism. How should governance participants measure impact upon completion of this Mission? Milestones: Milestones should represent tangible progress towards the deployment of the tool or application, and also also clearly define the features that will be complete and useable by the end of the grant period. Active Restaking infrastructure from the grantee project along with the rewards/incentives/points system that is also available on mainnet Milestones tied to the total liquidity that the projects bring on Chain Metrics: Did the project succesfully deploy? Is the project useable end-to-end as described in the application? Is the project reaching it’s desired users? Metrics to be measured in terms of the verifiable Token supply and number of users, using Optimism block explorer as a source of truth Impact: How many users did the grantee bring on with their project? How large is the design-space in applications unlocked by this project? How has this project contributed to developer growth? Has anyone other than the proposer contributed to this Mission Request? No Which metric will the success of this Mission Request be evaluated against? The North star metric against which this Mission Request should be evaluated is TVL, because the initiatives outlined above aim to attract an influx of additional assets. This metric was suggested by the foundation and approved by the Grants Council.
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  Likers: v3naru_Curia, mbuffara, Luckyhooman.eth
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• Governance Report : Special Voting Cycle #23a by Boardroom - No Role
  Posted on: June 25, 2024, 11:22 a.m.
  Content: Governance Report: Special Voting Cycle # 23 a The Special Voting Cycles in the Optimism Collective are designated periods during which members of the Optimism community engage in the governance process by voting on multiple proposals. The special voting cycle # 23 a brought forward some operational as well as key foundational changes that we have mentioned below Protocol Upgrade # 7 : Fault Proofs Protocol Upgrade # 8 : Changes for Stage 1 Decentralization Governor Update Proposal # 2 : Improvements to advanced delegation allowance calculations Season 6 : Grants Council Operating Budget 2 1 Grants Council Operating Budget proposed by Gonna.eth Season 6 : Code of Conduct Council Renewal 2 Code of Conduct Council Operating Budget proposed by Juan Carlos Bell (juankbell) Season 6 : Developer Advisory Board Renewal 3 Developer Advisory Board Operating Budget proposed by Zach Obront 1 Developer Advisory Board Operating Budget proposed by Ed Mazurek (wildmolasses) 1 Season 6 : Intents Ratification and Budget Approval 5 Proposal: Final Protocol Upgrade # 7 - Fault Proofs Status: Passed :white_check_mark: Introduction The proposal focuses on implementing a fault-proof system to enhance the security and decentralization of Optimism’s network. This upgrade enables permissionless output proposals and fault proofs, reducing reliance on privileged roles for withdrawals. Key Points Fault Proof System: Allows anyone to propose output roots and participate in the dispute resolution process. Includes a smart contract framework for future multi-proof systems. Guardian Role: The Guardian can override the system in emergencies, ensuring network security during the transition. Technical Changes: Updates to key contracts like OptimismPortal, DisputeGameFactory, and others to support the new system. Introduction of DelayedWETH for handling bonds with delays to ensure integrity. Specifications: Detailed specifications for fault proofs, including the deployment of relevant contracts and their roles. Off-chain programs for monitoring and automating the dispute resolution process. Impact: All pending withdrawals will need to be re-proven under the new system. No anticipated downtime, but updates to tooling and SDKs required. Conclusion This upgrade is a significant step towards decentralization, ensuring safer and more trustless withdrawal processes on Optimism. It balances security with the move towards a fully permissionless system, laying the groundwork for future enhancements. Proposal # 8 - Guardian, Security Council Threshold, and L 2 ProxyAdmin Ownership Changes for Stage 1 Decentralization Status: Passed :white_check_mark: Introduction This proposal aims to advance the decentralization of Optimism by increasing the Security Council’s threshold, transferring the Guardian role, and changing L 2 ProxyAdmin ownership. These changes align with Stage 1 decentralization requirements, enhancing network security and resilience. Key Points Security Council Threshold: Increase signing threshold from 4 to 10 out of 13 members. Enhances security by requiring broader consensus for decisions. Guardian Role Transfer: Transfer Guardian role to a new Guardian Safe controlled by the Security Council. Foundation becomes Deputy Guardian, retaining emergency intervention capabilities. L 2 ProxyAdmin Ownership: Transfer ownership from the Foundation to the Security Council. Ensures the Security Council has a blocking vote on L 2 predeploy upgrades. Technical Specifications: Modifications to SecurityCouncilSafe, GuardianSafe, and L 2 ProxyAdmin contracts. Introduction of new modules to support liveness checks and secure contract ownership transitions. Impact: No anticipated downtime; existing integrations remain unaffected. Node operators and users experience increased decentralization and security. Conclusion This upgrade represents a significant step towards achieving Stage 1 decentralization. It enhances the security and decentralization of the Optimism network, ensuring a more robust and resilient system. The proposal underscores the commitment to a decentralized governance model while maintaining effective security measures. Proposal # 2 - Improvements to Advanced Delegation Allowance Calculations Status: Passed :white_check_mark: Introduction This proposal addresses improvements to the advanced delegation allowance calculations within the Optimism governance system. The changes aim to rectify issues with the voting power allocation for delegates using the advanced delegation feature. Key Points Advanced Delegation: Fixes inaccuracies in voting power calculations for delegates receiving absolute and relative delegations. Ensures delegates retain correct voting power in complex delegation chains. Motivation: Enhances the functionality of the advanced delegation feature launched in December 2023 . Addresses scenarios not initially covered during testing. Technical Specifications: Updates to the Optimism Governor contract. Implementation verified and audited by OpenZeppelin, with no issues found. Impact: No anticipated downtime. Improved user experience for delegates in complex delegation states. Conclusion This proposal aims to refine the advanced delegation process, ensuring accurate voting power calculations. The updates, backed by thorough testing and auditing, enhance the governance system’s robustness and delegate experience. Proposal: Season 6 Grants Council Operating Budget Status: Passed :white_check_mark: Introduction This proposal outlines the operating budget for the Season 6 Grants Council. The budget aims to support the Council’s activities, ensuring efficient grant distribution and improved governance within the Optimism ecosystem. Key Points Budget Allocation: Total proposed budget: 610 , 000 OP, an increase of 170 , 000 OP from the previous season. Breakdown includes compensation for reviewers, additional members, audit and special mission reviewers, and operations management. Council Structure: 18 positions, including Superchain Mission Reviewers, Optimism Mission Reviewers, and a new Audit and Special Mission Review team. Emphasis on enhancing review processes and supporting increased application volume. Operational Improvements: Internal procedures for work distribution and accountability. Focus on metrics and milestones to measure performance and impact. KPI and Performance Metrics: NPS of finalists > 9 / 10 . Aim for a 5 % increase in votable supply and active developers. Evaluation based on grant performance and adherence to milestones. Conclusion The proposed budget for Season 6 reflects the need for expanded resources to handle an anticipated increase in grant applications and to ensure effective governance. The enhancements in council structure and operational processes are designed to improve efficiency and support the ongoing growth of the Optimism ecosystem. Proposal: Code of Conduct Council (CoCC) Operating Budget for Season 6 Status: Passed :white_check_mark: Introduction This proposal outlines the operating budget for the Code of Conduct Council (CoCC) for Season 6 . The budget aims to ensure the enforcement of the Rules of Engagement across Optimism-hosted platforms and enhance community governance and conflict management. Key Points Budget Allocation: Total proposed budget: 55 , 000 OP, an increase of 37 , 000 OP from the previous season. Breakdown: 40 , 000 OP for five council members and 10 , 000 OP for the council lead. Council Responsibilities: Enforce the Rules of Engagement, handle conflicts, and ensure compliance. Elected council members to oversee reports and make enforcement decisions. SupportNERDs: Introduction of SupportNERDs to assist the council, providing monitoring and raising issues. KPIs and Performance Metrics: Response time, transparency, and accountability in processing reports. Regular community updates and feedback collection. Conclusion The proposal seeks to renew and expand the CoCC, reflecting its importance in maintaining community standards and governance. The increased budget is justified by the need for specialized conflict management and enhanced operational scope. Proposal: Developer Advisory Board Operating Budget Status: Passed :white_check_mark: (Two options were given to voters) Introduction This proposal outlines the operating budget for the Developer Advisory Board (DAB) for Season 6 , led by Zach Obront. The proposed budget aims to enhance the board’s operational capabilities and responsibilities within the Optimism ecosystem. Key Points Budget Allocation: Total proposed budget: 90 , 000 OP (an increase of 20 , 000 OP from last season). Breakdown includes compensation for the Board Lead, Upgrade Czar, Ops Lead, and additional members. Board Responsibilities: Provide technical guidance on protocol upgrades and grant evaluations. Ensure clear communication of technical decisions to the community. Support the Grants Council by reviewing Mission Requests and grant applications. Expanded Roles: New roles such as Upgrade Czar and Ops Lead to streamline operations and improve efficiency. Increased responsibilities for the Board Lead. KPIs and Performance Metrics: Measure the impact of non-technical summaries on voting participation. Evaluate the quality and success of DAB-approved grants. Conclusion The proposed budget increase reflects the expanded responsibilities and aims to enhance the board’s effectiveness in supporting Optimism’s technical and governance needs. This proposal seeks to maintain high standards of accountability and performance. Proposal: Season 6 Intents Ratification 1 Status: Passed :white_check_mark: Introduction This proposal aims to ratify the strategic intents for Season 6 , focusing on advancing decentralization, expanding the Superchain, and growing application developers within the Optimism ecosystem. These intents are crucial for guiding the collective efforts and resources towards strategic goals. Key Points Intent 1 : Progress Towards Decentralization: Focus on both technical and organizational decentralization. Target metrics: Stage 1 rollup with multiple fault proofs, increasing votable supply to 100 M OP, and boosting confidence in Citizens’ House governance. Intent 2 : Bring Chains to the Superchain: Goal to add 20 new chains to the Superchain in the next 6 months. Core development efforts include features like OP Plasma and interoperability. Intent 3 : Grow Application Developers on the Superchain: Aim to increase active developers to 9 , 500 . Support through Superchain Dev Console, infrastructure partnerships, and vertical-specific growth campaigns. Conclusion The ratification of these intents for Season 6 sets a clear strategic direction for the Optimism Collective. By focusing on decentralization, expanding the Superchain, and growing the developer community, the proposal aims to drive significant growth and innovation within the ecosystem.
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