Profile of mitch in Optimism

Posts by mitch

• Bringing Optimism Governance Stakeholders into Giveth Project Verification by mitch - No Role
  Posted on: Aug. 23, 2024, 2:12 p.m.
  Content: Giveth is a crypto donation platform that has been quite active in promoting the OP Vision! We’ve been on the block since 2016 and have facilitated over $ 3 M in donations to public goods worldwide! image 1351 × 560 95 KB We are revamping our system of verifying projects looking for funding on our platform and would like to engage key participants of Optimism’s Governance to become a part of this new system. The TL;DR is that Giveth would like OP Badgeholders and top token delegates to be able to vouch for any Giveth project’s legitimacy and value alignment. Vouching uses DeVouch EAS attestations on Optimism and will allow projects to gain tiered benefits from the Giveth platform. Context :open_book: Project Verification is a process in which Giveth verifies which projects are considered to be Public Goods. It is a key process to vetting high quality projects on behalf of our donors, ensuring funds go to a legitimate and effective cause. In the current project verification process, projects must apply for verification through a form and a member of the Project Verification Team either approves or rejects the application based on the information provided in the form. Approved projects receive a Verified badge, getting access to GIVpower and yielding GIVbacks to their donors. image 775 × 535 52 KB It has been a long-term goal for Giveth to decentralize the way we verify the legitimacy of projects and decide which projects are considered “Public Goods”. We believe that a wider range of experts should have a say in which projects deserve to benefit from the economy of giving we’ve built. Earlier this year we contemplated whether to allow projects that aren’t public goods to be able to benefit from GIVpower. This change would allow projects that are legitimate but not strictly public goods to participate in GIVpower. Effectively this would create two tiers of verification for projects, with each tier having unique requirements and benefits. Enter, DeVouch :ballot_box_with_check: In June 2024 we launched a new product - DeVouch - which allows members of reputable organizations to issue attestations for projects looking for funding. This allows eligible attesters to vouch or flag the legitimacy of projects across the ecosystem, including applicants to Optimism’s Retro Funding rounds and projects on Gitcoin & Giveth. image 1035 × 619 96 . 5 KB This was originally designed to fulfill the requirements of decentralizing our verification process and was spun out to provide benefit to the Retro Funding program and other web 3 organizations focused on capital allocation to expand the user base and help fund the project. We’re now at a point where we have the infrastructure and resources to bring this evolution to Giveth’s verification system! :tada: Proposed Solution This proposal is comprised of four concepts: A new sub-community of the Giveth DAO - Giveth Verifiers :person_raising_hand: Tiered levels of Verification & benefits :white_check_mark: Verification POINTS :exploding_head: Impact Audits :face_with_monocle: Giveth Verifiers (working title) A group of trusted experts and Key Opinion Leaders would be granted the power to vouch for Giveth projects using DeVouch. This would be done through the issuance of attestations on Optimism to the eligible addresses. Furthermore, Giveth Verifiers would be encouraged to participate in an onboarding session to learn the finer points of verifying a project’s legitimacy and impact and to ensure value alignment with Giveth. Verifiers who completed the onboarding would be issued a separate attestation, signifying they completed the optional onboarding. Lastly, the final entity within Verifiers is the Core Reviewers. These are our current core contributors on the Giveth team who review verification applications and issue Verified badges to projects. They will also hold a distinct attestations, highlighting their addresses as the most highly trained Verifiers. Giveth Verifiers will be tasked with periodically checking out projects, reviewing their details and issuing vouches for projects that they believe to be legitimate and creating benefit for society and the world. Verifiers may eventually be rewarded in GIV for the reviewing and attesting to projects. Verification Points :coin: Projects that receive vouches from Verifiers will begin to earn Verification Points! Each vouch from a Verifier earns more points for the given project. Anyone will be able to see how many points a project has and which Verifiers vouched for the project. With Verifiers classified into three groups, each with their own level of training and experience, we can then adjust the issuance of verification points based on the type of Verifier that vouched for a project. Points earned from Verifiers follow these guidelines: Verifiers who have NOT completed the onboarding will be worth the least amount of points. Verifiers completed the onboarding will add notably more points. Core Reviewers will add SIGNIFICANTLY more points than other Verifiers. We’ll have the exact numbers of points closer to when we are ready to launch this feature. At launch we will have the Giveth Verifiers composed of parts of the Giveth core team and all Optimism Badgeholders from Round 4 & Optimism Super Delegates, approximately ~ 260 addresses total. More Verifiers will be added by Giveth at a later date and we will provide the details of that process when the time is appropriate. So, what the heck are points even all about? With Verification Points we can then establish tiers of benefits for projects based on the amount of points they have. These are known as Verification Levels. Verification Levels We will have two tiers of verification to start with, level 1 & level 2 . Level 1 will require a low amount of points to become eligible for, in the range of 1 - 5 points. A level 1 project will be eligible to be boosted with GIVpower, showing up higher on the list of projects but will NOT yield GIVbacks to its donors. Level 2 will require a SIGNIFICANT amount of points, in the range of 20 - 50 . Level 2 projects will be eligible to be boosted with GIVpower AND yield GIVbacks to its donors. Additionally level 2 projects will need to submit an Impact Audit (previously called the Project Verification form). The Impact Audit requires verification of project ownership via social media and asks other important details about the projects goals, organizational structure and clear details on how it will use donations. Giveth may add more levels and benefits to existing levels at some point in the future, there is a lot of potential for experimentation! Impact Audit :face_with_monocle: The Impact Audit is the first thing projects should fill out if they are looking to get vouched for and subsequently earn verification points. A redacted version of the audit will be publicly viewable on the project’s profile. No sensitive information will be shown here. This will allow donors and verifiers to learn more about the project, boosting the likelihood of subsequent donations and vouches. Our core team will still be able to correspond with project owners and help them improve their audit, increasing the chances they gain points and subsequently gain levels. Summarizing the Flows Giveth Project Owners For project owners, not much changes in their onboarding process. They create their project on Giveth and are highly encouraged to fill out the Impact Audit (formerly the verification form). Our core team of reviewers will still do the job of reviewing Impact Audits and vouching for projects. Project owners however also have the opportunity of getting more points from other Verifiers. Projects could even reach verification level 1 or 2 without needing a core team member to vouch for it. Giveth Verifiers Verifiers will be added to the group by the issuance of attestations and informed via the most appropriate channel (usually TG or Discord). Reviewing project details, including their Impact Audit will be able to be done directly from the project page on Giveth as will vouching for the project. Verifiers will never have to leave the Giveth website in order to participate, however we will also create a channel on TG or Discord as an optional discussion space for Verifiers. Advice Process & Moving Forward The proposed changes will significantly enhance the transparency, legitimacy, and overall effectiveness of the Giveth verification process. By decentralizing the verification system and introducing tiered levels of verification, we aim to leverage the collective knowledge and expertise of the ecosystem to ensure that high-quality and value-aligned projects benefit from our GIVeconomy. This is an invitation for Optimism Governance stakeholders to share their thoughts, suggestions, and concerns. We want to make sure we get it right by building something that would be engaging for OP Governance participants. We look forward to hearing your insights
  Likes: 2 Replies: 0
  Likers: anamarijab.eth, karmaticacid
  No replies yet.
• Bringing Optimism Governance Stakeholders into Giveth Project Verification by mitch - No Role
  Posted on: Aug. 23, 2024, 2:12 p.m.
  Content: Giveth 1 is a crypto donation platform that has been quite active in promoting the OP Vision! We’ve been on the block since 2016 and have facilitated over $ 3 M in donations to public goods worldwide! image 1351 × 560 95 KB We are revamping our system of verifying projects looking for funding on our platform and would like to engage key participants of Optimism’s Governance to become a part of this new system. The TL;DR is that Giveth would like OP Badgeholders and top token delegates to be able to vouch for any Giveth project’s legitimacy and value alignment. Vouching uses DeVouch EAS attestations on Optimism and will allow projects to gain tiered benefits from the Giveth platform. Context :open_book: Project Verification is a process in which Giveth verifies which projects are considered to be Public Goods. It is a key process to vetting high quality projects on behalf of our donors, ensuring funds go to a legitimate and effective cause. In the current project verification process, projects must apply for verification through a form and a member of the Project Verification Team either approves or rejects the application based on the information provided in the form. Approved projects receive a Verified badge, getting access to GIVpower and yielding GIVbacks 1 to their donors. image 775 × 535 52 KB It has been a long-term goal for Giveth to decentralize the way we verify the legitimacy of projects and decide which projects are considered “Public Goods”. We believe that a wider range of experts should have a say in which projects deserve to benefit from the economy of giving we’ve built. Earlier this year we contemplated whether to allow projects that aren’t public goods to be able to benefit from GIVpower. This change would allow projects that are legitimate but not strictly public goods to participate in GIVpower. Effectively this would create two tiers of verification for projects, with each tier having unique requirements and benefits. Enter, DeVouch :ballot_box_with_check: In June 2024 we launched a new product - DeVouch - which allows members of reputable organizations to issue attestations for projects looking for funding. This allows eligible attesters to vouch or flag the legitimacy of projects across the ecosystem, including applicants to Optimism’s Retro Funding rounds and projects on Gitcoin & Giveth. image 1035 × 619 96 . 5 KB This was originally designed to fulfill the requirements of decentralizing our verification process and was spun out to provide benefit to the Retro Funding program and other web 3 organizations focused on capital allocation to expand the user base and help fund the project. We’re now at a point where we have the infrastructure and resources to bring this evolution to Giveth’s verification system! :tada: Proposed Solution This proposal is comprised of four concepts: A new sub-community of the Giveth DAO - Giveth Verifiers :person_raising_hand: Tiered levels of Verification & benefits :white_check_mark: Verification POINTS :exploding_head: Impact Audits :face_with_monocle: Giveth Verifiers (working title) A group of trusted experts and Key Opinion Leaders would be granted the power to vouch for Giveth projects using DeVouch. This would be done through the issuance of attestations on Optimism to the eligible addresses. Furthermore, Giveth Verifiers would be encouraged to participate in an onboarding session to learn the finer points of verifying a project’s legitimacy and impact and to ensure value alignment with Giveth. Verifiers who completed the onboarding would be issued a separate attestation, signifying they completed the optional onboarding. Lastly, the final entity within Verifiers is the Core Reviewers. These are our current core contributors on the Giveth team who review verification applications and issue Verified badges to projects. They will also hold a distinct attestations, highlighting their addresses as the most highly trained Verifiers. Giveth Verifiers will be tasked with periodically checking out projects, reviewing their details and issuing vouches for projects that they believe to be legitimate and creating benefit for society and the world. Verifiers may eventually be rewarded in GIV for the reviewing and attesting to projects. Verification Points :coin: Projects that receive vouches from Verifiers will begin to earn Verification Points! Each vouch from a Verifier earns more points for the given project. Anyone will be able to see how many points a project has and which Verifiers vouched for the project. With Verifiers classified into three groups, each with their own level of training and experience, we can then adjust the issuance of verification points based on the type of Verifier that vouched for a project. Points earned from Verifiers follow these guidelines: Verifiers who have NOT completed the onboarding will be worth the least amount of points. Verifiers completed the onboarding will add notably more points. Core Reviewers will add SIGNIFICANTLY more points than other Verifiers. We’ll have the exact numbers of points closer to when we are ready to launch this feature. At launch we will have the Giveth Verifiers composed of parts of the Giveth core team and all Optimism Badgeholders from Round 4 & Optimism Super Delegates, approximately ~ 260 addresses total. More Verifiers will be added by Giveth at a later date and we will provide the details of that process when the time is appropriate. So, what the heck are points even all about? With Verification Points we can then establish tiers of benefits for projects based on the amount of points they have. These are known as Verification Levels. Verification Levels We will have two tiers of verification to start with, level 1 & level 2 . Level 1 will require a low amount of points to become eligible for, in the range of 1 - 5 points. A level 1 project will be eligible to be boosted with GIVpower, showing up higher on the list of projects but will NOT yield GIVbacks to its donors. Level 2 will require a SIGNIFICANT amount of points, in the range of 20 - 50 . Level 2 projects will be eligible to be boosted with GIVpower AND yield GIVbacks to its donors. Additionally level 2 projects will need to submit an Impact Audit (previously called the Project Verification form). The Impact Audit requires verification of project ownership via social media and asks other important details about the projects goals, organizational structure and clear details on how it will use donations. Giveth may add more levels and benefits to existing levels at some point in the future, there is a lot of potential for experimentation! Impact Audit :face_with_monocle: The Impact Audit is the first thing projects should fill out if they are looking to get vouched for and subsequently earn verification points. A redacted version of the audit will be publicly viewable on the project’s profile. No sensitive information will be shown here. This will allow donors and verifiers to learn more about the project, boosting the likelihood of subsequent donations and vouches. Our core team will still be able to correspond with project owners and help them improve their audit, increasing the chances they gain points and subsequently gain levels. Summarizing the Flows Giveth Project Owners For project owners, not much changes in their onboarding process. They create their project on Giveth and are highly encouraged to fill out the Impact Audit (formerly the verification form). Our core team of reviewers will still do the job of reviewing Impact Audits and vouching for projects. Project owners however also have the opportunity of getting more points from other Verifiers. Projects could even reach verification level 1 or 2 without needing a core team member to vouch for it. Giveth Verifiers Verifiers will be added to the group by the issuance of attestations and informed via the most appropriate channel (usually TG or Discord). Reviewing project details, including their Impact Audit will be able to be done directly from the project page on Giveth as will vouching for the project. Verifiers will never have to leave the Giveth website in order to participate, however we will also create a channel on TG or Discord as an optional discussion space for Verifiers. Advice Process & Moving Forward The proposed changes will significantly enhance the transparency, legitimacy, and overall effectiveness of the Giveth verification process. By decentralizing the verification system and introducing tiered levels of verification, we aim to leverage the collective knowledge and expertise of the ecosystem to ensure that high-quality and value-aligned projects benefit from our GIVeconomy. This is an invitation for Optimism Governance stakeholders to share their thoughts, suggestions, and concerns. We want to make sure we get it right by building something that would be engaging for OP Governance participants. We look forward to hearing your insights
  Likes: 2 Replies: 0
  Likers: anamarijab.eth, karmaticacid
  No replies yet.
• DeVouch (Decentralized Vouching with Attestations) - Mission Grant - Project Updates by mitch - No Role
  Posted on: May 6, 2024, 5:58 p.m.
  Content: On-chain trust using Attestations. DeVouch allows Attestation holders on Optimism to vouch for the projects they trust in the ecosystem. Context We saw in RPGF 3 the natural behaviour of sharing and seeking other’s opinions of projects within the Badgeholder community. Some Badgeholders found a solution such as adding projects to lists without committing to a specific number they believe should be allocated. Vouching for a projects integrity, but remaining non-committal. Example 1 Many platforms such as Growthepie, Agora and West tracked the list counts for projects to use as signals for RPGF 3 participants. :point_down: inlists 1761 × 903 126 KB However this was sometimes hard to follow. Without using lists, information such as this was kept inside small Telegram chats, you needed to keep up with the conversation to be in the know. Trust is still an important component of our community and we often look for the opinion of people/groups we trust to make our decisions. Problem There are hundreds of projects in the ecosystem applying for funding, it’s hard to tell which projects can be trusted with funding. As a person allocating capital, parsing through metric evaluations provided by others is time consuming & often ineffective It’s hard & time consuming to get clear information from trusted groups (e.g. Optimism Badgeholders) of their value alignment with certain projects Voters/Capital Allocators look for suggestions on how they should allocate/vote but information is shared asymmetrically Solution Maintain an open, accessible layer of attestation data that makes it easy to see endorsements of projects listed on various web 3 funding platforms. :one: DeVouch will bring in projects from many different platforms such as RF applicants, Giveth projects and Gitcoin grants into a unified but filterable list. :two: Anyone on the website can attest to a project listed either by vouching for its integrity or flagging it as untrustworthy or suspicious. :three: Attestations are organized & shown based on what “Attester Group” the attester belongs to. Imagine Attester Groups as groups such as “Optimism Badgeholders”, “OSO Reviewers”, “Metrics Garden Maintainer”. :four:Attester Groups are defined by holders of a given attestation schemaID that was issued by a specific address AKA Issuing Authority (e.g. passport.gitcoin.co, giv.eth, hypercerts.eth ) :five:On the DeVouch website it will be easy to search and filter projects seeing how many unique Attestations have been made from Attestor Groups as well as the details of attestations from individual addresses. :six:DeVouch will provide easy to use APIs allowing it to be queried and integrated by any analytics team, website or grants/donation platform. Anything on the DeVouch platform can be queried and used elsewhere permissionlessly. What are Attestor Groups? We define Attestor Groups as groups of people who hold the same type of attestation issued by the same person. The most familiar example is the RPGF Badgeholder Attestation, another example is Gitcoin Passport Scores, both of which live on Optimism. flowChartAttestGGroups 1435 × 696 130 KB Current Status of Project We have nearly completed the design phase of DeVouch and have started coding the back-end services for indexing attestation data as we need it. We are also working to integrate the various APIs which allow us to get project data from many different platforms. The real beauty of this project will be the APIs and standardized schema for other organizations/platforms to use for not only reading from this data layer but also writing to it. This will enable integration a 1000 different ways across the ecosystem. However, we will boast a slick front-end as well. There’s 3 main views provided by our future website: Main view Landing Page 100 % 1512 × 2715 202 KB Project Details Project details 1512 × 1548 201 KB User’s Attestations Attester Profile 1512 × 1279 136 KB Next Steps We will continue working on the extensive back-end services, including defining external API endpoints for other platforms and also sharing the finalized standard schema with ecosystem organizations who already want to start contributing! Also Front-End development will begin within the next 1 - 2 weeks.
  Likes: 2 Replies: 0
  Likers: s_ben, jakethesnake
  No replies yet.
• DeVouch (Decentralized Vouching with Attestations) - Mission Grant - Project Updates by mitch - No Role
  Posted on: May 6, 2024, 1:58 p.m.
  Content: On-chain trust using Attestations. DeVouch allows Attestation holders on Optimism to vouch for the projects they trust in the ecosystem. Context We saw in RPGF 3 the natural behaviour of sharing and seeking other’s opinions of projects within the Badgeholder community. Some Badgeholders found a solution such as adding projects to lists without committing to a specific number they believe should be allocated. Vouching for a projects integrity, but remaining non-committal. Example Many platforms such as Growthepie, Agora and West tracked the list counts for projects to use as signals for RPGF 3 participants. :point_down: inlists 1761 × 903 126 KB However this was sometimes hard to follow. Without using lists, information such as this was kept inside small Telegram chats, you needed to keep up with the conversation to be in the know. Trust is still an important component of our community and we often look for the opinion of people/groups we trust to make our decisions. Problem There are hundreds of projects in the ecosystem applying for funding, it’s hard to tell which projects can be trusted with funding. As a person allocating capital, parsing through metric evaluations provided by others is time consuming & often ineffective It’s hard & time consuming to get clear information from trusted groups (e.g. Optimism Badgeholders) of their value alignment with certain projects Voters/Capital Allocators look for suggestions on how they should allocate/vote but information is shared asymmetrically Solution Maintain an open, accessible layer of attestation data that makes it easy to see endorsements of projects listed on various web 3 funding platforms. :one: DeVouch will bring in projects from many different platforms such as RF applicants, Giveth projects and Gitcoin grants into a unified but filterable list. :two: Anyone on the website can attest to a project listed either by vouching for its integrity or flagging it as untrustworthy or suspicious. :three: Attestations are organized & shown based on what “Attester Group” the attester belongs to. Imagine Attester Groups as groups such as “Optimism Badgeholders”, “OSO Reviewers”, “Metrics Garden Maintainer”. :four:Attester Groups are defined by holders of a given attestation schemaID that was issued by a specific address AKA Issuing Authority (e.g. passport.gitcoin.co, giv.eth, hypercerts.eth ) :five:On the DeVouch website it will be easy to search and filter projects seeing how many unique Attestations have been made from Attestor Groups as well as the details of attestations from individual addresses. :six:DeVouch will provide easy to use APIs allowing it to be queried and integrated by any analytics team, website or grants/donation platform. Anything on the DeVouch platform can be queried and used elsewhere permissionlessly. What are Attestor Groups? We define Attestor Groups as groups of people who hold the same type of attestation issued by the same person. The most familiar example is the RPGF Badgeholder Attestation, another example is Gitcoin Passport Scores, both of which live on Optimism. flowChartAttestGGroups 1435 × 696 130 KB Current Status of Project We have nearly completed the design phase of DeVouch and have started coding the back-end services for indexing attestation data as we need it. We are also working to integrate the various APIs which allow us to get project data from many different platforms. The real beauty of this project will be the APIs and standardized schema for other organizations/platforms to use for not only reading from this data layer but also writing to it. This will enable integration a 1000 different ways across the ecosystem. However, we will boast a slick front-end as well. There’s 3 main views provided by our future website: Main view Landing Page 100 % 1512 × 2715 202 KB Project Details Project details 1512 × 1548 201 KB User’s Attestations Attester Profile 1512 × 1279 136 KB Next Steps We will continue working on the extensive back-end services, including defining external API endpoints for other platforms and also sharing the finalized standard schema with ecosystem organizations who already want to start contributing! Also Front-End development will begin within the next 1 - 2 weeks.
  Likes: 2 Replies: 0
  Likers: s_ben, jakethesnake
  No replies yet.
• DeVouch (Decentralized Vouching with Attestations) - Mission Grant - Project Updates by mitch - No Role
  Posted on: May 6, 2024, 1:58 p.m.
  Content: On-chain trust using Attestations. DeVouch allows Attestation holders on Optimism to vouch for the projects they trust in the ecosystem. Context We saw in RPGF 3 the natural behaviour of sharing and seeking other’s opinions of projects within the Badgeholder community. Some Badgeholders found a solution such as adding projects to lists without committing to a specific number they believe should be allocated. Vouching for a projects integrity, but remaining non-committal. Example 2 Many platforms such as Growthepie, Agora and West tracked the list counts for projects to use as signals for RPGF 3 participants. :point_down: inlists 1761 × 903 126 KB However this was sometimes hard to follow. Without using lists, information such as this was kept inside small Telegram chats, you needed to keep up with the conversation to be in the know. Trust is still an important component of our community and we often look for the opinion of people/groups we trust to make our decisions. Problem There are hundreds of projects in the ecosystem applying for funding, it’s hard to tell which projects can be trusted with funding. As a person allocating capital, parsing through metric evaluations provided by others is time consuming & often ineffective It’s hard & time consuming to get clear information from trusted groups (e.g. Optimism Badgeholders) of their value alignment with certain projects Voters/Capital Allocators look for suggestions on how they should allocate/vote but information is shared asymmetrically Solution Maintain an open, accessible layer of attestation data that makes it easy to see endorsements of projects listed on various web 3 funding platforms. :one: DeVouch will bring in projects from many different platforms such as RF applicants, Giveth projects and Gitcoin grants into a unified but filterable list. :two: Anyone on the website can attest to a project listed either by vouching for its integrity or flagging it as untrustworthy or suspicious. :three: Attestations are organized & shown based on what “Attester Group” the attester belongs to. Imagine Attester Groups as groups such as “Optimism Badgeholders”, “OSO Reviewers”, “Metrics Garden Maintainer”. :four:Attester Groups are defined by holders of a given attestation schemaID that was issued by a specific address AKA Issuing Authority (e.g. passport.gitcoin.co, giv.eth, hypercerts.eth ) :five:On the DeVouch website it will be easy to search and filter projects seeing how many unique Attestations have been made from Attestor Groups as well as the details of attestations from individual addresses. :six:DeVouch will provide easy to use APIs allowing it to be queried and integrated by any analytics team, website or grants/donation platform. Anything on the DeVouch platform can be queried and used elsewhere permissionlessly. What are Attestor Groups? We define Attestor Groups as groups of people who hold the same type of attestation issued by the same person. The most familiar example is the RPGF Badgeholder Attestation, another example is Gitcoin Passport Scores, both of which live on Optimism. flowChartAttestGGroups 1435 × 696 130 KB Current Status of Project We have nearly completed the design phase of DeVouch and have started coding the back-end services for indexing attestation data as we need it. We are also working to integrate the various APIs which allow us to get project data from many different platforms. The real beauty of this project will be the APIs and standardized schema for other organizations/platforms to use for not only reading from this data layer but also writing to it. This will enable integration a 1000 different ways across the ecosystem. However, we will boast a slick front-end as well. There’s 3 main views provided by our future website: Main view Landing Page 100 % 1512 × 2715 202 KB Project Details Project details 1512 × 1548 201 KB User’s Attestations Attester Profile 1512 × 1279 136 KB Next Steps We will continue working on the extensive back-end services, including defining external API endpoints for other platforms and also sharing the finalized standard schema with ecosystem organizations who already want to start contributing! Also Front-End development will begin within the next 1 - 2 weeks.
  Likes: 2 Replies: 0
  Likers: s_ben, jakethesnake
  No replies yet.
• Badgeholder Conflict of Interest Disclosures by mitch - No Role
  Posted on: Oct. 27, 2023, 3:28 p.m.
  Content: I will not be voting for: Giveth (Product manager/DAO Ops lead) Giveth house (affiliated hacker house w/ Giveth) Praise (client rep, testing work) Public goods grant management (advisory) Retropgf community (advisory) Token Engineering Commons (rewards system steward)
  Likes: 7 Replies: 0
  Likers: dmars300, joanbp, gonna.eth, cryptoreumd, fractalvisions, tamarandom, maintainer.eth
  No replies yet.
• [FINAL] Economic Co-design of Gas Fees for the OP Stack by mitch - No Role
  Posted on: July 11, 2023, 1:45 p.m.
  Content: Understood, that seems to be the biggest feedback on this proposal. To reiterate some of the rationale, I think the misunderstanding is that we’re not getting that $ 150 k worth of OP upfront or even after completing the project, it is a full year lock-up until any of the team would receive the OP tokens. It’s a big risk. In a year who knows what could happen to the OP token, especially since it has no utility at the moment outside of governance. From what we’ve all seen in crypto, in a year the token could go 10 x or it could go to zero, these things happen. Already in the last 3 months OP has lost around 40 % of its dollar value. Even if we could consider a slower decline in price post token launch, the math doesn’t look promising. Our team simply doesn’t have the deep pockets to write off the risk. If the format of the missions could have offered a better portion of the funds liquid either at project start or completion we could have offered this mission proposal at a much lower cost. That being said, if OP sustains or increases in value when it’s finally delivered then we’re able to expand on delivering on our operational mission of realigning incentives around public goods. The Commons Stack has been around since 2019 and we simply aren’t going to stop supporting ecosystem growth after this mission. To summarize, We’re not in a position financially to risk not getting enough funding to pay off our costs of building this mission proposal in the event of a (conservative) worst case scenario regarding the value of OP.
  Likes: 0 Replies: 0
  No likes yet.
  No replies yet.
• [FINAL] Economic Co-design of Gas Fees for the OP Stack by mitch - No Role
  Posted on: July 11, 2023, 9:45 a.m.
  Content: Understood, that seems to be the biggest feedback on this proposal. To reiterate some of the rationale, I think the misunderstanding is that we’re not getting that $ 150 k worth of OP upfront or even after completing the project, it is a full year lock-up until any of the team would receive the OP tokens. It’s a big risk. In a year who knows what could happen to the OP token, especially since it has no utility at the moment outside of governance. From what we’ve all seen in crypto, in a year the token could go 10 x or it could go to zero, these things happen. Already in the last 3 months OP has lost around 40 % of its dollar value. Even if we could consider a slower decline in price post token launch, the math doesn’t look promising. Our team simply doesn’t have the deep pockets to write off the risk. If the format of the missions could have offered a better portion of the funds liquid either at project start or completion we could have offered this mission proposal at a much lower cost. That being said, if OP sustains or increases in value when it’s finally delivered then we’re able to expand on delivering on our operational mission of realigning incentives around public goods. The Commons Stack has been around since 2019 and we simply aren’t going to stop supporting ecosystem growth after this mission. To summarize, We’re not in a position financially to risk not getting enough funding to pay off our costs of building this mission proposal in the event of a (conservative) worst case scenario regarding the value of OP.
  Likes: 0 Replies: 0
  No likes yet.
  No replies yet.
• [FINAL] Economic Co-design of Gas Fees for the OP Stack by mitch - No Role
  Posted on: July 11, 2023, 7:54 a.m.
  Content: Hey @linda - I’d like to hear some extra feedback from you, apart from what you feel is a high request amount in $OP, what else made you feel like abstaining from voting on this proposal?
  Likes: 0 Replies: 0
  No likes yet.
  No replies yet.
• [FINAL] Economic Co-design of Gas Fees for the OP Stack by mitch - No Role
  Posted on: July 11, 2023, 3:54 a.m.
  Content: Hey @linda - I’d like to hear some extra feedback from you, apart from what you feel is a high request amount in $OP, what else made you feel like abstaining from voting on this proposal?
  Likes: 0 Replies: 0
  No likes yet.
  No replies yet.