Profile of studiomax in Optimism
Posts by studiomax
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[READY] [GF: Phase 1 Proposal] Optimistic Railway
by studiomax - No Role
Posted on: July 3, 2022, 8 p.m.
Content: Roadmap and Budget: These are our targets and budget for the next 6 months. The following 6 months will have similar needs, though slightly different, and will be included with our report on the success and continuation of the project once we meet these initial milestones. For our budget we are paying an average of $ 2000 USD/week per developer and these expenses will be paid in roughly equivalent amounts of OP tokens. If the value of OP drops, we will not allocate more than 1 / 12 of the total pool of tokens every month, so it is possible devs may get paid lower than this amount, which is understood, though if this happens, we will attempt to balance those underpayments out if values exceed $ 0 . 52 in future months. Assuming we receive the grant, we will have 200 , 000 OP tokens for the first 6 months. Right off the top we will lock up 10 % until we are able to allocate those directly to Railway users, which leaves us with 180 , 000 OP. In order to hit our targets, we have approximately 26 calendar weeks, and a budget 46 . 8 paid developer weeks, to be allocated as follows: Core contract development 12 weeks x 1 dev ( 12 dev weeks) Collection of example dapps ( 3 - 4 demos) 4 weeks x 3 devs ( 12 dev weeks) Initial community website 4 weeks x 2 devs ( 8 dev weeks) Initial developer documentation 2 weeks x 1 dev ( 2 dev weeks) Upgrade plan and report 2 weeks x 1 dev ( 2 dev weeks) Community setup & maintenance 2 weeks x 1 dev ( 2 dev weeks) Report on state of Railway 2 weeks x 2 devs ( 4 dev weeks) Continuation plan for Railway development 2 week x 2 devs ( 4 dev weeks) Note: this development work will roughly take place in the order listed above, although various goals will be worked on simultaneously by multiple developers. If the timeframe must be extended for any reason, we will have to stretch the existing budget, as unlocking the next set of funds requires completion of these goals.
Likes: 2
Replies: 0
No replies yet.
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[READY] [GF: Phase 1 Proposal] Optimistic Railway
by studiomax - No Role
Posted on: July 3, 2022, 4 p.m.
Content:
Roadmap and Budget:
These are our targets and budget for the next 6 months. The following 6 months will have similar needs, though slightly different, and will be included with our report on the success and continuation of the project once we meet these initial milestones.
For our budget we are paying an average of $ 2000 USD/week per developer and these expenses will be paid in roughly equivalent amounts of OP tokens. If the value of OP drops, we will not allocate more than 1 / 12 of the total pool of tokens every month, so it is possible devs may get paid lower than this amount, which is understood, though if this happens, we will attempt to balance those underpayments out if values exceed $ 0 . 52 in future months.
Assuming we receive the grant, we will have 200 , 000 OP tokens for the first 6 months. Right off the top we will lock up 10 % until we are able to allocate those directly to Railway users, which leaves us with 180 , 000 OP.
In order to hit our targets, we have approximately 26 calendar weeks, and a budget 46 . 8 paid developer weeks, to be allocated as follows:
Core contract development
12 weeks x 1 dev ( 12 dev weeks)
Collection of example dapps ( 3 - 4 demos)
4 weeks x 3 devs ( 12 dev weeks)
Initial community website
4 weeks x 2 devs ( 8 dev weeks)
Initial developer documentation
2 weeks x 1 dev ( 2 dev weeks)
Upgrade plan and report
2 weeks x 1 dev ( 2 dev weeks)
Community setup & maintenance
2 weeks x 1 dev ( 2 dev weeks)
Report on state of Railway
2 weeks x 2 devs ( 4 dev weeks)
Continuation plan for Railway development
2 week x 2 devs ( 4 dev weeks)
Note: this development work will roughly take place in the order listed above, although various goals will be worked on simultaneously by multiple developers. If the timeframe must be extended for any reason, we will have to stretch the existing budget, as unlocking the next set of funds requires completion of these goals.
Likes: 2
Replies: 0
No replies yet.
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[READY] [GF: Phase 1 Proposal] Optimistic Railway
by studiomax - No Role
Posted on: June 27, 2022, 5:13 p.m.
Content: Appreciate the thoughtful suggestion. That might be the solution. Again, would have been nice to get that feedback in the weeks before the proposal was finalized so we could have maybe done that adjustment before the voting began, but better to get the feedback late than not at all. Hoping we can get this current proposal through, but if not, the smaller incremental grants sounds like a viable option that would require a little more overhead with all the consecutive proposals, but sounds like could do a lot to building trust within the community and delegates.
Likes: 2
Replies: 2
Replies:
- millie: yeah my apologies for not responding earlier, that’s on me. Will do a better job of monitoring all proposals and discussions as of now.
- OPUser: studiomax:
would have been nice to get that feedback in the weeks before the proposal was finalized so we could have maybe done that adjustment before the voting began, but better to get the feedback late than not at all.
I do share your frustration and believe me we have made some progress from last proposal voting round, at least this time there few quite active here and going forward it will be even better. Personally, I am keeping track of all possible places where we can improve going forward.
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[READY] [GF: Phase 1 Proposal] Optimistic Railway
by studiomax - No Role
Posted on: June 27, 2022, 4:42 p.m.
Content: I see your perspective, it is a notably difficult challenge to assess all of the proposals, but putting so much voting power into a No vote because you don’t have time to look into a proposal seems pretty unfair to the project that took all this time and work sharing their vision, asking for support, and being fully available to respond to any questions well before the vote commenced (as well as within that 2 week voting window). With power comes responsibility and delegates are expected to take the time to assess proposals, ask questions, and give feedback if they are unclear or unacceptable in any way. Is there any information we can provide or assurances we can give that would allow you to change your vote?
Likes: 2
Replies: 0
No replies yet.
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[READY] [GF: Phase 1 Proposal] Optimistic Railway
by studiomax - No Role
Posted on: June 27, 2022, 4:08 p.m.
Content: @linda @Bobbay_StableLab I do appreciate the feedback. It’s been very difficult to convince the community without already having a fully built product. We have been available for weeks posting here and on discord, asking for feedback and answering questions and making adjustments to the proposal, but unfortunately all this new feedback is coming after the proposal is finalized and up for a vote. This granting has seemed very unfriendly towards projects that aren’t already fully built, which really leaves us and any other new projects in a tough spot. It doesn’t make sense to focus 100 % of the grants on existing built out products, as this is leaving no room for any innovation or development specific to the Optimism space. We have the skills and ideas to move the space forward, but without some funding for development, we simply cannot devote the time required as we have bills to pay and need to focus on other paid work. We know this is “risky” and have done everything in our power to assure the community we will develop and deliver as promised, and we have committed to forfeit half of our funding if we can’t deliver, which we thought addressed the concerns of asking for “too much funding”. Again thanks for all the feedback, it would have been much more helpful before the voting began when we were in the draft phase. I would strongly encourage you to change your votes to Yes and give us a chance. We will prove ourselves, but we do not have the capacity to fully build this product first and come back for funding after the fact. If we cannot obtain funding for this phase, we just don’t have the time or capacity necessary to work on this, as much as our hearts are in it. And we are still completely open to new suggestions on ways of proving ourselves every step of the way. We built out the concept and an early tech demo for free on our own time and would hope the code and demonstration would be a clear indicator we are more than capable. Thanks again, please take a chance on us so we can set the standard for early stage funding, which is an essential component to building out any ecosystem.
Likes: 2
Replies: 0
No replies yet.
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[READY] [GF: Phase 1 Proposal] Optimistic Railway
by studiomax - No Role
Posted on: June 27, 2022, 1:13 p.m.
Content: Appreciate the thoughtful suggestion. That might be the solution. Again, would have been nice to get that feedback in the weeks before the proposal was finalized so we could have maybe done that adjustment before the voting began, but better to get the feedback late than not at all.
Hoping we can get this current proposal through, but if not, the smaller incremental grants sounds like a viable option that would require a little more overhead with all the consecutive proposals, but sounds like could do a lot to building trust within the community and delegates.
Likes: 2
Replies: 2
Replies:
- millie: yeah my apologies for not responding earlier, that’s on me. Will do a better job of monitoring all proposals and discussions as of now.
- OPUser: studiomax:
would have been nice to get that feedback in the weeks before the proposal was finalized so we could have maybe done that adjustment before the voting began, but better to get the feedback late than not at all.
I do share your frustration and believe me we have made some progress from last proposal voting round, at least this time there few quite active here and going forward it will be even better. Personally, I am keeping track of all possible places where we can improve going forward.
-
[READY] [GF: Phase 1 Proposal] Optimistic Railway
by studiomax - No Role
Posted on: June 27, 2022, 12:42 p.m.
Content: I see your perspective, it is a notably difficult challenge to assess all of the proposals, but putting so much voting power into a No vote because you don’t have time to look into a proposal seems pretty unfair to the project that took all this time and work sharing their vision, asking for support, and being fully available to respond to any questions well before the vote commenced (as well as within that 2 week voting window).
With power comes responsibility and delegates are expected to take the time to assess proposals, ask questions, and give feedback if they are unclear or unacceptable in any way. Is there any information we can provide or assurances we can give that would allow you to change your vote?
Likes: 2
Replies: 0
No replies yet.
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[READY] [GF: Phase 1 Proposal] Optimistic Railway
by studiomax - No Role
Posted on: June 27, 2022, 12:08 p.m.
Content: @linda @Bobbay_StableLab I do appreciate the feedback. It’s been very difficult to convince the community without already having a fully built product. We have been available for weeks posting here and on discord, asking for feedback and answering questions and making adjustments to the proposal, but unfortunately all this new feedback is coming after the proposal is finalized and up for a vote. This granting has seemed very unfriendly towards projects that aren’t already fully built, which really leaves us and any other new projects in a tough spot. It doesn’t make sense to focus 100 % of the grants on existing built out products, as this is leaving no room for any innovation or development specific to the Optimism space. We have the skills and ideas to move the space forward, but without some funding for development, we simply cannot devote the time required as we have bills to pay and need to focus on other paid work. We know this is “risky” and have done everything in our power to assure the community we will develop and deliver as promised, and we have committed to forfeit half of our funding if we can’t deliver, which we thought addressed the concerns of asking for “too much funding”. Again thanks for all the feedback, it would have been much more helpful before the voting began when we were in the draft phase.
I would strongly encourage you to change your votes to Yes and give us a chance. We will prove ourselves, but we do not have the capacity to fully build this product first and come back for funding after the fact. If we cannot obtain funding for this phase, we just don’t have the time or capacity necessary to work on this, as much as our hearts are in it. And we are still completely open to new suggestions on ways of proving ourselves every step of the way. We built out the concept and an early tech demo for free on our own time and would hope the code and demonstration would be a clear indicator we are more than capable.
Thanks again, please take a chance on us so we can set the standard for early stage funding, which is an essential component to building out any ecosystem.
Likes: 2
Replies: 0
No replies yet.
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Accountability of Phase 0/1 Funds given to projects
by studiomax - No Role
Posted on: June 27, 2022, 1:04 a.m.
Content: This is an important topic and I think each team will need to find the best way show some accountability for their particular situation. Generally speaking, I think there should be some public company wallet(s) that shows the flow of tokens received from Optimism. That can be easily tracked with something like zapper.fi 1 , though as mentioned, this doesn’t necessarily show what the tokens are being used for. A quarterly or semi-annual report seems reasonable to me. The team can communicate how many tokens have been allocated and what they have to show for the particular areas of spending. Of course this can be checked against the public wallet(s) to verify it is all valid. This report can be a public release or limited to some group of Optimism representatives that can validate the claims. It should be pretty easy to check and see if the goals are generally being achieved, even without a formal report. Ideally teams should be encouraged to have some sort of public dashboard to track whatever metrics are relevant to their project. Speaking as a new project that isn’t very well known yet, we are ready to prove ourselves and we are trying to figure out the best way to unlock funds as we verifiably achieve our goals. I would personally like to have some representative or group of representatives from Optimism that have the ability to unlock those funds via a multi-sig. This way, once we have achieved the outlined goals, we could initiate a transaction, notify the representatives, and only if verified that transaction would be approved, sending those tokens into our team wallet. It would be ideal to have multiple representatives that can sign off on a transaction to avoid a situation that could infinitely lock up the tokens. Another option for verifying outcomes might be to use something like kleros court (https://court.kleros.io/), especially if a team is applying for repeat funding. They would submit whatever evidence was sufficient to prove the previous amount was appropriately spent and outlined goals were achieved, then a decentralized jury would approve or reject the claims. To my knowledge, this isn’t on Optimism, though, so probably not a the best option at this point.
Likes: 3
Replies: 0
No replies yet.
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Accountability of Phase 0/1 Funds given to projects
by studiomax - No Role
Posted on: June 26, 2022, 9:04 p.m.
Content: This is an important topic and I think each team will need to find the best way show some accountability for their particular situation. Generally speaking, I think there should be some public company wallet(s) that shows the flow of tokens received from Optimism. That can be easily tracked with something like zapper.fi, though as mentioned, this doesn’t necessarily show what the tokens are being used for.
A quarterly or semi-annual report seems reasonable to me. The team can communicate how many tokens have been allocated and what they have to show for the particular areas of spending. Of course this can be checked against the public wallet(s) to verify it is all valid. This report can be a public release or limited to some group of Optimism representatives that can validate the claims.
It should be pretty easy to check and see if the goals are generally being achieved, even without a formal report. Ideally teams should be encouraged to have some sort of public dashboard to track whatever metrics are relevant to their project.
Speaking as a new project that isn’t very well known yet, we are ready to prove ourselves and we are trying to figure out the best way to unlock funds as we verifiably achieve our goals. I would personally like to have some representative or group of representatives from Optimism that have the ability to unlock those funds via a multi-sig. This way, once we have achieved the outlined goals, we could initiate a transaction, notify the representatives, and only if verified that transaction would be approved, sending those tokens into our team wallet. It would be ideal to have multiple representatives that can sign off on a transaction to avoid a situation that could infinitely lock up the tokens.
Another option for verifying outcomes might be to use something like kleros court (https://court.kleros.io/), especially if a team is applying for repeat funding. They would submit whatever evidence was sufficient to prove the previous amount was appropriately spent and outlined goals were achieved, then a decentralized jury would approve or reject the claims. To my knowledge, this isn’t on Optimism, though, so probably not a the best option at this point.
Likes: 3
Replies: 0
No replies yet.
