Profile of jengajojo in Optimism
Posts by jengajojo
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Retro Funding 6: Governance - Round details
by jengajojo - No Role
Posted on: Oct. 11, 2024, 6:21 a.m.
Content: I am in favor of the suggestions made by @latruite.eth and @itublockchain and would like to add a + 1 to the feedback they have given. I urge the collective to include 101 -N delegates with high participation in the RPGF pool for this round.
Likes: 2
Replies: 0
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A case for the organizational chart
by jengajojo - No Role
Posted on: Aug. 16, 2024, 4:19 a.m.
Content: Thanks for bringing this top up @alexsotodigital There is already a tool which allows this https://sobol.io/ 6 and I have used it for over 2 years. I can link the team that’s working on this with the founder if you all are interested.
Likes: 2
Replies: 0
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A case for the organizational chart
by jengajojo - No Role
Posted on: Aug. 16, 2024, 4:19 a.m.
Content: Thanks for bringing this top up @alexsotodigital There is already a tool which allows this https://sobol.io/ and I have used it for over 2 years. I can link the team that’s working on this with the founder if you all are interested.
Likes: 2
Replies: 0
No replies yet.
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[Mission Request] Empowering small active delegates
by jengajojo - No Role
Posted on: July 17, 2024, 9:35 a.m.
Content: This is a suggestion based on the number of inactive/ghost delegates in the top 100 now. Choosing 38 will allow all 100 delegates to be fully participate. We are open to suggestions for other numbers as well
Likes: 1
Replies: 0
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[Sponsorship Request] Empowering small active delegates
by jengajojo - No Role
Posted on: July 17, 2024, 9:35 a.m.
Content: This is a suggestion based on the number of inactive/ghost delegates in the top 100 now. Choosing 38 will allow all 100 delegates to be fully participate. We are open to suggestions for other numbers as well
Likes: 1
Replies: 0
No replies yet.
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Intent 1 Mission Sponsorship
by jengajojo - No Role
Posted on: July 8, 2024, 11:34 a.m.
Content:
[Sponsorship Request] Empowering small active delegates Mission Grants ?
Delegate Mission Request Summary: Delegate unallocated tokens to active but underrepresented delegates for six months, aiming to boost participation from 55 % to 80 %
S 6 Intent 1 : Progress Towards Decentralization, Driving Delegation
Proposing Delegate/Citizen: DAOplomats
Total grant amount: 0 OP
Should this Mission be fulfilled by one or multiple applicants? Multiple
How will this Mission Request help accomplish the above Intent?
According to the Governance dashboard, 38 out of the top 100 …
Likes: 0
Replies: 0
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Mission Request Sponsorships
by jengajojo - No Role
Posted on: July 1, 2024, 10:03 a.m.
Content: [Mission Request] Empowering small active delegates Grants ? Delegate Mission Request Summary: Delegate unallocated tokens to active but underrepresented delegates for six months, aiming to boost participation from 55 % to 80 % S 6 Intent 1 : Progress Towards Decentralization, Driving Delegation Proposing Delegate/Citizen: DAOplomats Total grant amount: 0 OP Should this Mission be fulfilled by one or multiple applicants? Multiple How will this Mission Request help accomplish the above Intent? According to the Governance dashboard, 38 out of the top 100 …
Likes: 0
Replies: 0
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[Mission Request] Empowering small active delegates
by jengajojo - No Role
Posted on: July 1, 2024, 10:02 a.m.
Content: Delegate Mission Request Summary: Delegate unallocated tokens to active but underrepresented delegates for six months, aiming to boost participation from 55 % to 80 % S 6 Intent 1 : Progress Towards Decentralization, Driving Delegation Proposing Delegate/Citizen: DAOplomats Total grant amount: 0 OP Should this Mission be fulfilled by one or multiple applicants? Multiple How will this Mission Request help accomplish the above Intent? According to the Governance dashboard 1 , 38 out of the top 100 delegates are inactive or ghost, representing 23 M VP, or 25 % of the votable supply. The retro governance incentive program currently incentivizes active delegates in the top 100 but can only target 62 % of the delegate base. This leads to a significant portion of the governance power being underutilized, reducing the incentive program’s effectiveness. The high inactivity rate among delegates suggests a need for improved strategies and possibly reevaluating the mechanisms to ensure more comprehensive and active participation. Incentives have failed to motivate inactive and ghost delegates; at the same time, many delegates in the top 1000 are more active and can increase the participation rate from 55 % to much higher if delegated a future votable supply. To test this hypothesis, we suggest delegating 23 M tokens equally between 38 delegates for a period of 6 months. These tokens can either come from the unallocated portion or the Governance portion of the Ecosystem fund and will be delegated to delegates who have been active but are underrepresented and do not receive governance rewards. Other DAOs, such as Uniswap, Arbitrum, Gnosis, and 1 inch, also experiment with this approach. Below is our suggestion for the rubric: Delegate statement created: 1 point 70 % + voting participation in the last 3 months: 7 points (- 1 point for each 10 % reduction in voting) Has contributed to optimism as verified via RPGF, Councils, Citizens, etc: 1 point Active delegation thread: 1 point Other bonus criteria only for tie-breaking: 3 points Process: If approved, we will open a 3 -week application period for delegates who are not in the top 100 to apply for the program via a forum thread. Delegates will be ranked based on the points they receive according to the rubric and the tokens already delegated to them. The top 38 delegates will be selected to participate in the program and will receive delegation What is required to execute this Mission Request? DAOplomats are responsible for: Open applications Provide feedback and support Work with relevant stakeholders to deliver this mission How should governance participants measure impact upon completion of this Mission? Milestones: Selection of eligible delegates Tokens delegated Metrics: #active delegates #active votable supply Impact: Increase participation rate from 55 % to 80 % More visibility in the way delegates make decisions, thus helping the proposer to make better decisions. Has anyone other than the proposer contributed to this Mission Request? If so, who, and what parts of this application did they contribute to? If you sponsored another community member’s idea, please credit them here. No
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Mission Request Sponsorships
by jengajojo - No Role
Posted on: July 1, 2024, 6:03 a.m.
Content:
[Mission Request] Empowering small active delegates Grants ?
Delegate Mission Request Summary: Delegate unallocated tokens to active but underrepresented delegates for six months, aiming to boost participation from 55 % to 80 %
S 6 Intent 1 : Progress Towards Decentralization, Driving Delegation
Proposing Delegate/Citizen: DAOplomats
Total grant amount: 0 OP
Should this Mission be fulfilled by one or multiple applicants? Multiple
How will this Mission Request help accomplish the above Intent?
According to the Governance dashboard, 38 out of the top 100 …
Likes: 1
Replies: 0
No replies yet.
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Intent 3 Mission Request Sponsorships
by jengajojo - No Role
Posted on: July 1, 2024, 6:03 a.m.
Content:
[Mission Request] Empowering small active delegates Grants ?
Delegate Mission Request Summary: Delegate unallocated tokens to active but underrepresented delegates for six months, aiming to boost participation from 55 % to 80 %
S 6 Intent 1 : Progress Towards Decentralization, Driving Delegation
Proposing Delegate/Citizen: DAOplomats
Total grant amount: 0 OP
Should this Mission be fulfilled by one or multiple applicants? Multiple
How will this Mission Request help accomplish the above Intent?
According to the Governance dashboard, 38 out of the top 100 …
Likes: 1
Replies: 0
No replies yet.
