Voting Cycle 1 begins Thursday (June 9 ) at 12 pm PST / 7 pm GMT and runs until Wednesday (June 22 ) at 12 pm PST / 7 pm GMT.
Voting will take place in Snapshot. A snapshot of delegate voting weights will be taken at the start of the Voting Cycle.
For a detailed breakdown of the governance and voting process, see the Operating Manual.
Context
Voting Cycle # 1 only includes proposals from Phase 0 of the Optimism Foundation’s Governance Fund. You can think of this as a sort of test run for future open-ended voting cycles.
Phase 0 of the Governance Fund is designed to:
Kick off OP Summer by rewarding early projects in the OP ecosystem
Allocate OP fairly based on a simple set of on-chain metrics
Avoid setting a binding precedent for future funding proposals by being an isolated phase
Immediately deploy 36 m OP tokens
To accomplish these goals, Optimism worked with projects to craft a set of guidelines for Phase 0 proposals. These guidelines are as follows:
Proposals must be submitted to the governance forum on or before May 27 , 2022
Projects could not request more tokens than they were eligible for in the Phase 0 allocation 95 .
No more than ~ 20 % of a project’s allocation should be distributed as retroactive rewards.
No more than ~ 20 % (or ~ 200 k) of a project’s allocation should used for grant programs.
Token allocations should not be used for internal development or operations costs.
Rewards should be distributed as OP (i.e. no token sales or swaps).
Phase 0 proposals that follow the guidelines above have been bundled in to a batch vote. These proposals have been drafted in cooperation with the Optimism Foundation, and the Token House will vote on the batch as a whole.
Phase 0 proposals that did not follow the guidelines above will be voted on individually. We leave these up to the Token House to evaluate on their own merits. Those separate proposals are:
Uniswap submitted a proposal after the May 27 deadline, so this proposal will be voted on individually.
0 x has chosen to allocate 100 % towards grants. We’re big fans of public goods funding, but since this does not fit the batch guidelines for phase 0 , the proposal will be voted on individually.
In light of recent events, no tokens distributed via governance will be sent without a two-way test transaction.
Proposals
Proposal A: GovFund Phase 0 Batch Vote
https://gov.optimism.io/t/gf-phase- 0 -proposal-synthetix/ 1381 715
https://gov.optimism.io/t/gf-phase- 0 -proposal-perpetual-protocol/ 201 146
https://gov.optimism.io/t/gf-phase- 0 -proposal-lyra-finance/ 202 124
https://gov.optimism.io/t/gf-phase- 0 -proposal-celer-network/ 1749 76
https://gov.optimism.io/t/gf-phase- 0 -proposal-hop-protocol/ 944 110
https://gov.optimism.io/t/gf-phase- 0 -proposal-stargate-finance/ 721 67
https://gov.optimism.io/t/gf-phase- 0 -proposal-synapse-protocol/ 928 55
https://gov.optimism.io/t/gf-phase- 0 -proposal-chainlink/ 1701 67
https://gov.optimism.io/t/gf-phase- 0 -proposal-rubicon/ 794 91
https://gov.optimism.io/t/gf-phase- 0 -proposal-zipswap/ 1131 73
https://gov.optimism.io/t/gf-phase- 0 -proposal-thales/ 1078 52
https://gov.optimism.io/t/gf-phase- 0 -proposal-aelin-protocol/ 1157 39
https://gov.optimism.io/t/gf-phase- 0 -proposal-polynomial-protocol/ 1625 49
https://gov.optimism.io/t/gf-phase- 0 -proposal-kwenta-protocol/ 1122 54
https://gov.optimism.io/t/gf-phase- 0 -proposal-pika-protocol/ 1103 72
https://gov.optimism.io/t/gf-phase- 0 -proposal-connext/ 851 49
https://gov.optimism.io/t/gf-phase- 0 -proposal-layer 2 dao/ 1198 50
https://gov.optimism.io/t/gf-phase- 0 -proposal-clipper/ 1322 52
https://gov.optimism.io/t/gf-phase- 0 -proposal- 1 inch-network/ 655 102
https://gov.optimism.io/t/gf-phase- 0 -proposal-slingshot/ 1326 63
https://gov.optimism.io/t/gf-phase- 0 -proposal-gelato/ 873 39
https://gov.optimism.io/t/gf-phase- 0 -proposal-aave/ 1712 75
https://gov.optimism.io/t/gf-phase- 0 -proposal-wepiggy/ 437 56
https://gov.optimism.io/t/gf-phase- 0 -proposal- 1 inch-network/ 655 102
Proposal B: Uniswap Phase 0 https://gov.optimism.io/t/gf-phase- 0 -proposal-uniswap/ 2133 338
Proposal C: 0 x Phase 0 https://gov.optimism.io/t/gf-phase- 0 -proposal- 0 x-zeroex/ 1299 226
Voting Cycle 1 for Phase 0 of the Optimism Foundation’s Governance Fund begins on June 9 at 12 pm PST and runs until June 22 at 12 pm PST. Proposals for the Governance Fund's Phase 0 include guidelines, bundle votes, and individual proposals for projects. A batch vote includes projects like Synthetix, Perpetual Protocol, Lyra Finance, and others. Separate individual proposals will be evaluated for projects like Uniswap and 0x. Verification of tokens distributed via governance will include a two-way test transaction. Voting will take place on Snapshot.
Voting Cycle 1 begins Thursday (June 9 ) at 12 pm PST / 7 pm GMT and runs until Wednesday (Jun…
Voting Cycle 1 begins Thursday (June 9 ) at 12 pm PST / 7 pm GMT and runs until Wednesday (June 22 ) at 12 pm PST / 7 pm GMT.
Voting will take place in Snapshot. A snapshot of delegate voting weights will be taken at the start of the Voting Cycle.
For a detailed breakdown of the governance and voting process, see the Operating Manual.
Context
Voting Cycle # 1 only includes proposals from Phase 0 of the Optimism Foundation’s Governance Fund. You can think of this as a sort of test run for future open-ended voting cycles.
Phase 0 of the Governance Fund is designed to:
Kick off OP Summer by rewarding early projects in the OP ecosystem
Allocate OP fairly based on a simple set of on-chain metrics
Avoid setting a binding precedent for future funding proposals by being an isolated phase
Immediately deploy 36 m OP tokens
To accomplish these goals, Optimism worked with projects to craft a set of guidelines for Phase 0 proposals. These guidelines are as follows:
Proposals must be submitted to the governance forum on or before May 27 , 2022
Projects could not request more tokens than they were eligible for in the Phase 0 allocation.
No more than ~ 20 % of a project’s allocation should be distributed as retroactive rewards.
No more than ~ 20 % (or ~ 200 k) of a project’s allocation should used for grant programs.
Token allocations should not be used for internal development or operations costs.
Rewards should be distributed as OP (i.e. no token sales or swaps).
Phase 0 proposals that follow the guidelines above have been bundled in to a batch vote. These proposals have been drafted in cooperation with the Optimism Foundation, and the Token House will vote on the batch as a whole.
Phase 0 proposals that did not follow the guidelines above will be voted on individually. We leave these up to the Token House to evaluate on their own merits. Those separate proposals are:
Uniswap submitted a proposal after the May 27 deadline, so this proposal will be voted on individually.
0 x has chosen to allocate 100 % towards grants. We’re big fans of public goods funding, but since this does not fit the batch guidelines for phase 0 , the proposal will be voted on individually.
In light of recent events, no tokens distributed via governance will be sent without a two-way test transaction.
Proposals
Proposal A: GovFund Phase 0 Batch Vote
https://gov.optimism.io/t/gf-phase- 0 -proposal-synthetix/ 1381
https://gov.optimism.io/t/gf-phase- 0 -proposal-perpetual-protocol/ 201
https://gov.optimism.io/t/gf-phase- 0 -proposal-lyra-finance/ 202
https://gov.optimism.io/t/gf-phase- 0 -proposal-celer-network/ 1749
https://gov.optimism.io/t/gf-phase- 0 -proposal-hop-protocol/ 944
https://gov.optimism.io/t/gf-phase- 0 -proposal-stargate-finance/ 721
https://gov.optimism.io/t/gf-phase- 0 -proposal-synapse-protocol/ 928
https://gov.optimism.io/t/gf-phase- 0 -proposal-chainlink/ 1701
https://gov.optimism.io/t/gf-phase- 0 -proposal-rubicon/ 794
https://gov.optimism.io/t/gf-phase- 0 -proposal-zipswap/ 1131
https://gov.optimism.io/t/gf-phase- 0 -proposal-thales/ 1078
https://gov.optimism.io/t/gf-phase- 0 -proposal-aelin-protocol/ 1157
https://gov.optimism.io/t/gf-phase- 0 -proposal-polynomial-protocol/ 1625
https://gov.optimism.io/t/gf-phase- 0 -proposal-kwenta-protocol/ 1122
https://gov.optimism.io/t/gf-phase- 0 -proposal-pika-protocol/ 1103
https://gov.optimism.io/t/gf-phase- 0 -proposal-connext/ 851
https://gov.optimism.io/t/gf-phase- 0 -proposal-layer 2 dao/ 1198
https://gov.optimism.io/t/gf-phase- 0 -proposal-clipper/ 1322
https://gov.optimism.io/t/gf-phase- 0 -proposal- 1 inch-network/ 655
https://gov.optimism.io/t/gf-phase- 0 -proposal-slingshot/ 1326
https://gov.optimism.io/t/gf-phase- 0 -proposal-gelato/ 873
https://gov.optimism.io/t/gf-phase- 0 -proposal-aave/ 1712
https://gov.optimism.io/t/gf-phase- 0 -proposal-wepiggy/ 437
https://gov.optimism.io/t/gf-phase- 0 -proposal- 1 inch-network/ 655
Proposal B: Uniswap Phase 0 https://gov.optimism.io/t/gf-phase- 0 -proposal-uniswap/ 2133
Proposal C: 0 x Phase 0 https://gov.optimism.io/t/gf-phase- 0 -proposal- 0 x-zeroex/ 1299
Hi! I am Ron, founder of WePiggy.
Hope $OP holders vote and support us. We are the first lending pr…
Hi! I am Ron, founder of WePiggy.
Hope $OP holders vote and support us. We are the first lending protocol deployed on Optimism.
We will distribute all of $OP to our early users on Optimism and new long-term users.
Then there will be more features and versions released on Optimism firstly.
Let’s build the ecosystem of Optimism in a long term.
More details:
[GF: Phase 0 Proposal] WePiggy Governance Fund: Phase 0
Project Name: WePiggy
Author Name: Victor
Defillama TVL (at snapshot): $ 1 , 618 , 047
Transactons/day (at snapshot) : 52
Tier: 3
Optimism native: No
Revisions to metrics used: N/A
Number of OP tokens to claim: 300 , 000
L 2 Recipient Address: 0 x 75 F 7 b 331 bbDbAcAfe 1 Ec 5 ba 5215 a 0 FBfc 002 B 3 B 8
Proposal for token distribution (under 1000 words):
Brief Introduction:
WePiggy is a multi-chain lending protocol, launched on 11 networks, our TVL is around 80 M- 100 M, borrowing volume around 30 - 40 million.
We…
:pray::pray::pray:
We shared a short Twitter thread on the governance process, voting cycle 1 & our voting behavior/…
We shared a short Twitter thread on the governance process, voting cycle 1 & our voting behavior/reasoning.
We also submitted a forum post to 1 inch (needs to be approved), asking them to engage with their official account and explain in more detail how they will support Op ecosystem development, specific products and adjust the distribution of Op tokens to grow the optimistic ecosystem.
twitter.com
ScaleWeb 3 .eth 7
@ScaleWeb 3
Governance Update by @optimismPBC.
Read below for more details on
- the governance process and voting cycle 1
- our specific voting behavior and reasoning
- the Wintermute incident
1 / 4 https://t.co/ 2 Od 3 VdFFRR
Optimism Governance @OptimismGov
OP Gov Update # 1 just dropped
Follow along for the latest in OP Governance: what’s up for a vote, what’s in discussion, and what’s next.
8 : 38 AM - 9 Jun 2022
Ps: Fantastic Delegate Voting Power Dashboard 29 :+ 1 :
Delegation is still possible and we’re just below the important criticial 0 . 5 % share of Delegated OP :upside_down_face:
We shared a short Twitter thread on the governance process, voting cycle 1 & our voting behavior/…
We shared a short Twitter thread on the governance process, voting cycle 1 & our voting behavior/reasoning.
We also submitted a forum post to 1 inch (needs to be approved), asking them to engage with their official account and explain in more detail how they will support Op ecosystem development, specific products and adjust the distribution of Op tokens to grow the optimistic ecosystem.
twitter.com
ScaleWeb 3 .eth
@ScaleWeb 3
Governance Update by @optimismPBC.
Read below for more details on
- the governance process and voting cycle 1
- our specific voting behavior and reasoning
- the Wintermute incident
1 / 4 https://t.co/ 2 Od 3 VdFFRR
Optimism Governance @OptimismGov
OP Gov Update # 1 just dropped
Follow along for the latest in OP Governance: what’s up for a vote, what’s in discussion, and what’s next.
8 : 38 AM - 9 Jun 2022
Ps: Fantastic Delegate Voting Power Dashboard :+ 1 :
Delegation is still possible and we’re just below the important criticial 0 . 5 % share of Delegated OP :upside_down_face:
Layer 2 DAO 3 is excited to be part of the Phase 0 governance fund batch vote! We’re excited to…
Layer 2 DAO 3 is excited to be part of the Phase 0 governance fund batch vote! We’re excited to help grow the Optimism ecosystem and usher in OP Summer :sunrise:
Our proposal for reference:
[GF: Phase 0 Proposal] Layer 2 DAO Governance Fund: Phase 0
Project Name: Layer 2 DAO
Author Name: mctopcat.L 2 , train.L 2 , exosphere.L 2 (@Exosphere)
Defillama TVL (at snapshot): 0
Transactions/day (at snapshot): 244
Tier: 3
Optimism native: No
Number of OP tokens to claim: 300 , 000
L 2 Recipient Address: 0 xaF 5 a 0068 f 5465260 A 1 a 88 A 6264 D 0 dcE 4469609 CF
Proposal for token distribution (under 1000 words)
Introduction to Layer 2 DAO
Layer 2 DAO is expanding the Ethereum L 2 ecosystem and investing in L 2 ecosystem projects. The DAO uses its treasury to invest int…
Layer 2 DAO is excited to be part of the Phase 0 governance fund batch vote! We’re excited to hel…
Layer 2 DAO is excited to be part of the Phase 0 governance fund batch vote! We’re excited to help grow the Optimism ecosystem and usher in OP Summer :sunrise:
Our proposal for reference:
[GF: Phase 0 Proposal] Layer 2 DAO Governance Fund: Phase 0
Project Name: Layer 2 DAO
Author Name: mctopcat.L 2 , train.L 2 , exosphere.L 2 (@Exosphere)
Defillama TVL (at snapshot): 0
Transactions/day (at snapshot): 244
Tier: 3
Optimism native: No
Number of OP tokens to claim: 300 , 000
L 2 Recipient Address: 0 xaF 5 a 0068 f 5465260 A 1 a 88 A 6264 D 0 dcE 4469609 CF
Proposal for token distribution (under 1000 words)
Introduction to Layer 2 DAO
Layer 2 DAO is expanding the Ethereum L 2 ecosystem and investing in L 2 ecosystem projects. The DAO uses its treasury to invest int…
Voting Cycle 1 begins Thursday (June 9 ) at 12 pm PST / 7 pm GMT and runs until Wednesday (Jun…
Voting Cycle 1 begins Thursday (June 9 ) at 12 pm PST / 7 pm GMT and runs until Wednesday (June 22 ) at 12 pm PST / 7 pm GMT. Voting will take place in Snapshot. A snapshot of delegate voting weights will be taken at the start of the Voting Cycle. For a detailed breakdown of the governance and voting process, see the Operating Manual. Context Voting Cycle # 1 only includes proposals from Phase 0 of the Optimism Foundation’s Governance Fund. You can think of this as a sort of test run for future open-ended voting cycles. Phase 0 of the Governance Fund is designed to: Kick off OP Summer by rewarding early projects in the OP ecosystem Allocate OP fairly based on a simple set of on-chain metrics Avoid setting a binding precedent for future funding proposals by being an isolated phase Immediately deploy 36 m OP tokens To accomplish these goals, Optimism worked with projects to craft a set of guidelines for Phase 0 proposals. These guidelines are as follows: Proposals must be submitted to the governance forum on or before May 27 , 2022 Projects could not request more tokens than they were eligible for in the Phase 0 allocation 92 . No more than ~ 20 % of a project’s allocation should be distributed as retroactive rewards. No more than ~ 20 % (or ~ 200 k) of a project’s allocation should used for grant programs. Token allocations should not be used for internal development or operations costs. Rewards should be distributed as OP (i.e. no token sales or swaps). Phase 0 proposals that follow the guidelines above have been bundled in to a batch vote. These proposals have been drafted in cooperation with the Optimism Foundation, and the Token House will vote on the batch as a whole. Phase 0 proposals that did not follow the guidelines above will be voted on individually. We leave these up to the Token House to evaluate on their own merits. Those separate proposals are: Uniswap submitted a proposal after the May 27 deadline, so this proposal will be voted on individually. 0 x has chosen to allocate 100 % towards grants. We’re big fans of public goods funding, but since this does not fit the batch guidelines for phase 0 , the proposal will be voted on individually. In light of recent events, no tokens distributed via governance will be sent without a two-way test transaction. Proposals Proposal A: GovFund Phase 0 Batch Vote https://gov.optimism.io/t/gf-phase- 0 -proposal-synthetix/ 1381 710 https://gov.optimism.io/t/gf-phase- 0 -proposal-perpetual-protocol/ 201 145 https://gov.optimism.io/t/gf-phase- 0 -proposal-lyra-finance/ 202 123 https://gov.optimism.io/t/gf-phase- 0 -proposal-celer-network/ 1749 75 https://gov.optimism.io/t/gf-phase- 0 -proposal-hop-protocol/ 944 109 https://gov.optimism.io/t/gf-phase- 0 -proposal-stargate-finance/ 721 66 https://gov.optimism.io/t/gf-phase- 0 -proposal-synapse-protocol/ 928 54 https://gov.optimism.io/t/gf-phase- 0 -proposal-chainlink/ 1701 65 https://gov.optimism.io/t/gf-phase- 0 -proposal-rubicon/ 794 89 https://gov.optimism.io/t/gf-phase- 0 -proposal-zipswap/ 1131 72 https://gov.optimism.io/t/gf-phase- 0 -proposal-thales/ 1078 51 https://gov.optimism.io/t/gf-phase- 0 -proposal-aelin-protocol/ 1157 38 https://gov.optimism.io/t/gf-phase- 0 -proposal-polynomial-protocol/ 1625 48 https://gov.optimism.io/t/gf-phase- 0 -proposal-kwenta-protocol/ 1122 52 https://gov.optimism.io/t/gf-phase- 0 -proposal-pika-protocol/ 1103 71 https://gov.optimism.io/t/gf-phase- 0 -proposal-connext/ 851 48 https://gov.optimism.io/t/gf-phase- 0 -proposal-layer 2 dao/ 1198 49 https://gov.optimism.io/t/gf-phase- 0 -proposal-clipper/ 1322 51 https://gov.optimism.io/t/gf-phase- 0 -proposal- 1 inch-network/ 655 100 https://gov.optimism.io/t/gf-phase- 0 -proposal-slingshot/ 1326 62 https://gov.optimism.io/t/gf-phase- 0 -proposal-gelato/ 873 38 https://gov.optimism.io/t/gf-phase- 0 -proposal-aave/ 1712 72 https://gov.optimism.io/t/gf-phase- 0 -proposal-wepiggy/ 437 55 https://gov.optimism.io/t/gf-phase- 0 -proposal- 1 inch-network/ 655 100 Proposal B: Uniswap Phase 0 https://gov.optimism.io/t/gf-phase- 0 -proposal-uniswap/ 2133 337 Proposal C: 0 x Phase 0 https://gov.optimism.io/t/gf-phase- 0 -proposal- 0 x-zeroex/ 1299 226
Hi! I am Ron, founder of WePiggy. Hope $OP holders vote and support us. We are the first lending pr…
Hi! I am Ron, founder of WePiggy. Hope $OP holders vote and support us. We are the first lending protocol deployed on Optimism. We will distribute all of $OP to our early users on Optimism and new long-term users. Then there will be more features and versions released on Optimism firstly. Let’s build the ecosystem of Optimism in a long term. More details: [GF: Phase 0 Proposal] WePiggy Governance Fund: Phase 0 Project Name: WePiggy Author Name: Victor Defillama TVL (at snapshot): $ 1 , 618 , 047 Transactons/day (at snapshot) : 52 Tier: 3 Optimism native: No Revisions to metrics used: N/A Number of OP tokens to claim: 300 , 000 L 2 Recipient Address: 0 x 75 F 7 b 331 bbDbAcAfe 1 Ec 5 ba 5215 a 0 FBfc 002 B 3 B 8 Proposal for token distribution (under 1000 words): Brief Introduction: WePiggy is a multi-chain lending protocol, launched on 11 networks, our TVL is around 80 M- 100 M, borrowing volume around 30 - 40 million. We… :pray::pray::pray:
We shared a short Twitter thread on the governance process, voting cycle 1 & our voting behavior/…
We shared a short Twitter thread on the governance process, voting cycle 1 & our voting behavior/reasoning. We also submitted a forum post to 1 inch (needs to be approved), asking them to engage with their official account and explain in more detail how they will support Op ecosystem development, specific products and adjust the distribution of Op tokens to grow the optimistic ecosystem. twitter.com ScaleWeb 3 .eth 6 @ScaleWeb 3 Governance Update by @optimismPBC. Read below for more details on - the governance process and voting cycle 1 - our specific voting behavior and reasoning - the Wintermute incident 1 / 4 https://t.co/ 2 Od 3 VdFFRR Optimism Governance @OptimismGov OP Gov Update # 1 just dropped Follow along for the latest in OP Governance: what’s up for a vote, what’s in discussion, and what’s next. 8 : 38 AM - 9 Jun 2022 Ps: Fantastic Delegate Voting Power Dashboard 29 :+ 1 : Delegation is still possible and we’re just below the important criticial 0 . 5 % share of Delegated OP :upside_down_face:
I have OP in wallet cant vote on snapshot why? Iam not only one with this issue, many more in Disco…
I have OP in wallet cant vote on snapshot why? Iam not only one with this issue, many more in Discord and no one is helping us with this.
Excited for the first vote! Cross-posting this thread here for visibility if you’ve delegated your …
Excited for the first vote! Cross-posting this thread here for visibility if you’ve delegated your $OP to me and would like to make your opinion known!
twitter.com
jacob.willemsma.eth (?, ?)
@jacobwillemsma
Hey everybody! @OptimismGov's first round of Optimism Governance proposals are now live! ?✨
If you've delegated to me and have any thoughts, please reply to this thread! The deadline to vote will be June 22 nd but I plan to vote on June 17 th.
Next tweets for proposals:
1 : 30 PM - 9 Jun 2022
2
Excited for the first vote! Cross-posting this thread here for visibility if you’ve delegated your …
Excited for the first vote! Cross-posting this thread here for visibility if you’ve delegated your $OP to me and would like to make your opinion known!
twitter.com
jacob.willemsma.eth (?, ?) 20
@jacobwillemsma
Hey everybody! @OptimismGov's first round of Optimism Governance proposals are now live! ?✨
If you've delegated to me and have any thoughts, please reply to this thread! The deadline to vote will be June 22 nd but I plan to vote on June 17 th.
Next tweets for proposals:
1 : 30 PM - 9 Jun 2022
2
I have the same issue! Have been holding tokens and no voting power :face_with_diagonal_mouth:
I have the same issue! Have been holding tokens and no voting power :face_with_diagonal_mouth:
Layer 2 DAO 3 is excited to be part of the Phase 0 governance fund batch vote! We’re excited to…
Layer 2 DAO 3 is excited to be part of the Phase 0 governance fund batch vote! We’re excited to help grow the Optimism ecosystem and usher in OP Summer :sunrise: Our proposal for reference: [GF: Phase 0 Proposal] Layer 2 DAO Governance Fund: Phase 0 Project Name: Layer 2 DAO Author Name: mctopcat.L 2 , train.L 2 , exosphere.L 2 (@Exosphere) Defillama TVL (at snapshot): 0 Transactions/day (at snapshot): 244 Tier: 3 Optimism native: No Number of OP tokens to claim: 300 , 000 L 2 Recipient Address: 0 xaF 5 a 0068 f 5465260 A 1 a 88 A 6264 D 0 dcE 4469609 CF Proposal for token distribution (under 1000 words) Introduction to Layer 2 DAO Layer 2 DAO is expanding the Ethereum L 2 ecosystem and investing in L 2 ecosystem projects. The DAO uses its treasury to invest int…
I have OP in wallet cant vote on snapshot why? Iam not only one with this issue, many more in Disco…
I have OP in wallet cant vote on snapshot why? Iam not only one with this issue, many more in Discord and no one is helping us with this.
Excited for the first vote! Cross-posting this thread here for visibility if you’ve delegated your …
Excited for the first vote! Cross-posting this thread here for visibility if you’ve delegated your $OP to me and would like to make your opinion known! twitter.com jacob.willemsma.eth (?, ?) 19 @jacobwillemsma Hey everybody! @OptimismGov's first round of Optimism Governance proposals are now live! ?✨ If you've delegated to me and have any thoughts, please reply to this thread! The deadline to vote will be June 22 nd but I plan to vote on June 17 th. Next tweets for proposals: 1 : 30 PM - 9 Jun 2022 2
I have the same issue! Have been holding tokens and no voting power :face_with_diagonal_mouth:
I have the same issue! Have been holding tokens and no voting power :face_with_diagonal_mouth:
You may have OP tokens in your wallet, but did you delegate your voting power to someone else?
You may have OP tokens in your wallet, but did you delegate your voting power to someone else?
If you delegated your voting power when you first claim your airdrop, so you can’t vote even you ha…
If you delegated your voting power when you first claim your airdrop, so you can’t vote even you have OP token in your wallet.
You may have OP tokens in your wallet, but did you delegate your voting power to someone else?
You may have OP tokens in your wallet, but did you delegate your voting power to someone else?
If you delegated your voting power when you first claim your airdrop, so you can’t vote even you ha…
If you delegated your voting power when you first claim your airdrop, so you can’t vote even you have OP token in your wallet.
Hi, @system thanks for the round-up:
How come Uniswap receives an individual vote? Have you talked …
Hi, @system thanks for the round-up:
How come Uniswap receives an individual vote? Have you talked privately with the team?
Will other teams who fail to meet the cut-off for Phase 1 votes secure a spot on the ballot?
Seems if other teams were aware of this exception they would apply after the deadline with the aim of an individual vote. Feels like a slippery slope and added administrative work for the OP team.
its mentioned in the post as why Uni is in separate group.
Uniswap submitted a proposal after the …
its mentioned in the post as why Uni is in separate group.
Uniswap submitted a proposal after the May 27 deadline, so this proposal will be voted on individually.
instead of cancelling OP proposal, because they submitted the proposal past the deadline, they are letting the gov decide and that is why its in a different section.
Hi, @system thanks for the round-up: How come Uniswap receives an individual vote? Have you talked …
Hi, @system thanks for the round-up: How come Uniswap receives an individual vote? Have you talked privately with the team? Will other teams who fail to meet the cut-off for Phase 1 votes secure a spot on the ballot? Seems if other teams were aware of this exception they would apply after the deadline with the aim of an individual vote. Feels like a slippery slope and added administrative work for the OP team.
its mentioned in the post as why Uni is in separate group. Uniswap submitted a proposal after the …
its mentioned in the post as why Uni is in separate group. Uniswap submitted a proposal after the May 27 deadline, so this proposal will be voted on individually. instead of cancelling OP proposal, because they submitted the proposal past the deadline, they are letting the gov decide and that is why its in a different section.
I’m so glad this has started…
But I am very concerned about this “batch vote”. We shouldn’t be batc…
I’m so glad this has started…
But I am very concerned about this “batch vote”. We shouldn’t be batching any of the proposals together. This is concerning and sets a bad precedence.
I believe the proposals should have all been separate and voted on individually.
Each member of the Token House has their own views on each proposal and to batch proposals together dilutes our input.
Unfortunately this method gives me the feeling our independent review does not matter.
If I may ask, what was the reason to batch the proposals?
aka Luckyhooman.eth:
We shouldn’t be batching any of the proposals together. This is concernin…
aka Luckyhooman.eth:
We shouldn’t be batching any of the proposals together. This is concerning and sets a bad precedence.
Going forward, it wont be grouped together. Also, as this was the first proposal, like a kick off session, as the number of project were quite high and not all delegates may not have the knowledge of all pillars of web 3 space which might leads to delegate burned out.
I am just summarizing what i have heard from the team and i quite frankly support it. For next proposals, projects wont be grouped.
Thanks for your reply.
OPUser:
Going forward, it wont be grouped together
I am happy to hear…
Thanks for your reply.
OPUser:
Going forward, it wont be grouped together
I am happy to hear that.
OPUser:
all delegates may not have the knowledge of all pillars of web 3 space which might leads to delegate burned out
I thought we as Token house have the responsibility and obligation to Optimism to do so. I understand there are many proposals but they have been up for two weeks which is sufficient time for delegates to process 25 proposals.
Anyway I am glad we have Kicked off this session!
I’m so glad this has started… But I am very concerned about this “batch vote”. We shouldn’t be batc…
I’m so glad this has started… But I am very concerned about this “batch vote”. We shouldn’t be batching any of the proposals together. This is concerning and sets a bad precedence. I believe the proposals should have all been separate and voted on individually. Each member of the Token House has their own views on each proposal and to batch proposals together dilutes our input. Unfortunately this method gives me the feeling our independent review does not matter. If I may ask, what was the reason to batch the proposals?
Butterbum: We shouldn’t be batching any of the proposals together. This is concerning and sets…
Butterbum: We shouldn’t be batching any of the proposals together. This is concerning and sets a bad precedence. Going forward, it wont be grouped together. Also, as this was the first proposal, like a kick off session, as the number of project were quite high and not all delegates may not have the knowledge of all pillars of web 3 space which might leads to delegate burned out. I am just summarizing what i have heard from the team and i quite frankly support it. For next proposals, projects wont be grouped.
Thanks for your reply. OPUser: Going forward, it wont be grouped together I am happy to hear…
Thanks for your reply. OPUser: Going forward, it wont be grouped together I am happy to hear that. OPUser: all delegates may not have the knowledge of all pillars of web 3 space which might leads to delegate burned out I thought we as Token house have the responsibility and obligation to Optimism to do so. I understand there are many proposals but they have been up for two weeks which is sufficient time for delegates to process 25 proposals. Anyway I am glad we have Kicked off this session!
Hello. I would like to document my votes here.
Proposal A
I will vote reject even though it seems …
Hello. I would like to document my votes here.
Proposal A
I will vote reject even though it seems to be almost unanimously passed in the snapshot. I don’t like rubber-stamping anything. Governance is not just logging in snapshot and signing a YES or NO message.
In fact I find it insulting and I will reject the proposal outright for that. Yes some projects in there do make sense and would really benefit OP ecosystem such as HOP, connext and aave, but you are asking us to vote for 24 different projects all in one proposal, yes or no.
In fact I am absolutely amazed this is passing governance.
Proposal B
I will vote to reject this proposal from uniswap, since it has missed the phase 0 deadline.
I would be open to reconsidering a phase 1 proposal from uniswap since I truly think it would be useful and am a fan of the project.
But rules are rules and we should be credibly neutral and fair.
Proposal C
Just like with uniswap’s proposal I will vote to reject this proposal since it has missed the deadline and we should not bend the rules for anybody.
I am also not 100 % certain if the proposal would end up benefiting the OP ecosystem sufficiently, but this is mostly an after-thought compared to the deadline being missed.
Since you mentioned me also in Twitter, I responded there. It seems like it did indeed miss the dea…
Since you mentioned me also in Twitter, I responded there. It seems like it did indeed miss the deadline:
twitter.com
Lefteris Karapetsas | Hiring for @rotkiapp 5
@LefterisJP
@ 0 x_nikita @optimismPBC @OptimismGov @Uniswap @ 0 xProject What note? I read your proposal here: https://t.co/L 9 A 8 ktBVv 5
The proposal is dated May 26 and it's for phase 0 .
The phase 0 proposal deadline was May 24 : https://t.co/e 2 wrvnht 24
12 : 37 PM - 14 Jun 2022
2022 - 06 - 14 _ 22 - 05608 × 597 133 KB
theo_0x: @haonan can confirm the deadline was extended to 27 May. That’s what was communicated to us in the Optimism Stimpack telegram chat where all the applicants were coordinating with the Optimism team
Since you mentioned me also in Twitter, I responded there. It seems like it did indeed miss the dea…
Since you mentioned me also in Twitter, I responded there. It seems like it did indeed miss the deadline:
twitter.com
Lefteris Karapetsas | Hiring for @rotkiapp
@LefterisJP
@ 0 x_nikita @optimismPBC @OptimismGov @Uniswap @ 0 xProject What note? I read your proposal here: https://t.co/L 9 A 8 ktBVv 5
The proposal is dated May 26 and it's for phase 0 .
The phase 0 proposal deadline was May 24 : https://t.co/e 2 wrvnht 24
12 : 37 PM - 14 Jun 2022
2022 - 06 - 14 _ 22 - 05608 × 597 133 KB
theo_0x: @haonan can confirm the deadline was extended to 27 May. That’s what was communicated to us in the Optimism Stimpack telegram chat where all the applicants were coordinating with the Optimism team
Sharing my voting decision and rationale for these proposals:
Proposal A: Voting For. I would have …
Sharing my voting decision and rationale for these proposals:
Proposal A: Voting For. I would have preferred to see these proposals broken out individually instead of a batch vote as I’m in support of some proposals way more than others. However, since there are many that would be beneficial to Optimism and I have confidence in the Optimism Foundation working with the teams to iterate the proposals so they were beneficial to the ecosystem, I’m comfortable voting on it. It also sounds like future cycles won’t have these batched which is great to hear.
Proposal B: Voting For. While Uniswap missed the deadline, they have been and are an important partner for Optimism so I’m comfortable with an exception on this in the interest of furthering the Optimism ecosystem.
Proposal C: Abstaining from this vote due to a potential conflict since my husband is the co-founder of 0 x.
Hello. I would like to document my votes here. Proposal A I will vote reject even though it seems …
Hello. I would like to document my votes here. Proposal A I will vote reject even though it seems to be almost unanimously passed in the snapshot. I don’t like rubber-stamping anything. Governance is not just logging in snapshot and signing a YES or NO message. In fact I find it insulting and I will reject the proposal outright for that. Yes some projects in there do make sense and would really benefit OP ecosystem such as HOP, connext and aave, but you are asking us to vote for 24 different projects all in one proposal, yes or no. In fact I am absolutely amazed this is passing governance. Proposal B I will vote to reject this proposal from uniswap, since it has missed the phase 0 deadline. I would be open to reconsidering a phase 1 proposal from uniswap since I truly think it would be useful and am a fan of the project. But rules are rules and we should be credibly neutral and fair. Proposal C Just like with uniswap’s proposal I will vote to reject this proposal since it has missed the deadline and we should not bend the rules for anybody. I am also not 100 % certain if the proposal would end up benefiting the OP ecosystem sufficiently, but this is mostly an after-thought compared to the deadline being missed.
Since you mentioned me also in Twitter, I responded there. It seems like it did indeed miss the dea…
Since you mentioned me also in Twitter, I responded there. It seems like it did indeed miss the deadline: twitter.com Lefteris Karapetsas | Hiring for @rotkiapp 5 @LefterisJP @ 0 x_nikita @optimismPBC @OptimismGov @Uniswap @ 0 xProject What note? I read your proposal here: https://t.co/L 9 A 8 ktBVv 5 The proposal is dated May 26 and it's for phase 0 . The phase 0 proposal deadline was May 24 : https://t.co/e 2 wrvnht 24 12 : 37 PM - 14 Jun 2022 2022 - 06 - 14 _ 22 - 05608 × 597 133 KB
theo_0x: @haonan can confirm the deadline was extended to 27 May. That’s what was communicated to us in the Optimism Stimpack telegram chat where all the applicants were coordinating with the Optimism team
Sharing my voting decision and rationale for these proposals: Proposal A: Voting For. I would have …
Sharing my voting decision and rationale for these proposals: Proposal A: Voting For. I would have preferred to see these proposals broken out individually instead of a batch vote as I’m in support of some proposals way more than others. However, since there are many that would be beneficial to Optimism and I have confidence in the Optimism Foundation working with the teams to iterate the proposals so they were beneficial to the ecosystem, I’m comfortable voting on it. It also sounds like future cycles won’t have these batched which is great to hear. Proposal B: Voting For. While Uniswap missed the deadline, they have been and are an important partner for Optimism so I’m comfortable with an exception on this in the interest of furthering the Optimism ecosystem. Proposal C: Abstaining from this vote due to a potential conflict since my husband is the co-founder of 0 x.
you cant, Quixotic will vote on your behalf. if you want to vote, you need to delegate the token to…
you cant, Quixotic will vote on your behalf. if you want to vote, you need to delegate the token to yourself
you cant, Quixotic will vote on your behalf. if you want to vote, you need to delegate the token to…
you cant, Quixotic will vote on your behalf. if you want to vote, you need to delegate the token to yourself
I’m voting For all three proposals, even though they are flawed. Given we’re early, I’m willing to …
I’m voting For all three proposals, even though they are flawed. Given we’re early, I’m willing to give projects building on Optimism the benefit of doubt. (I don’t see anything particularly objectionable.) In future, I would like to see timely submissions meeting all guidelines, a clear presentation of how the tokens will drive lasting & sustained user activity to their protocol, and how their token distribution programs will benefit the Optimism ecosystem as a whole. Of course, we should not bundle multiple projects into one proposal going forward.
I’m voting For all three proposals, even though they are flawed. Given we’re early, I’m willing to …
I’m voting For all three proposals, even though they are flawed. Given we’re early, I’m willing to give projects building on Optimism the benefit of doubt. (I don’t see anything particularly objectionable.) In future, I would like to see timely submissions meeting all guidelines, a clear presentation of how the tokens will drive lasting & sustained user activity to their protocol, and how their token distribution programs will benefit the Optimism ecosystem as a whole. Of course, we should not bundle multiple projects into one proposal going forward.
Greetings everyone,
hope everyone’s enjoying in such market sentiments.
I’m checking in to see if a…
Greetings everyone,
hope everyone’s enjoying in such market sentiments.
I’m checking in to see if anyone having the problem with voting on proposals on snapshot. My voting power is shown 0 even though I have the tokens in my wallet. Is it that If I have delegated them, that’s why my voting power is showing up as 0 or is it something else.
Anyone else is facing the same issue, would appreciate the help
Greetings everyone, hope everyone’s enjoying in such market sentiments. I’m checking in to see if a…
Greetings everyone, hope everyone’s enjoying in such market sentiments. I’m checking in to see if anyone having the problem with voting on proposals on snapshot. My voting power is shown 0 even though I have the tokens in my wallet. Is it that If I have delegated them, that’s why my voting power is showing up as 0 or is it something else. Anyone else is facing the same issue, would appreciate the help
Hi all - We (Blockchain at Berkeley) generally disagree with the ethos of how this governance vote …
Hi all - We (Blockchain at Berkeley) generally disagree with the ethos of how this governance vote is being proposed.
A- It’s ridiculous to expect token house governance to make an educated decision on token allocation by batching 20 + GovFund candidates together. Optimism Foundation is basically asking us to “approve” their decisions, instead of allowing us to vote individually on each one. Correct me if I’m wrong, but isn’t ecosystem funding supposed to be covered by the citizen house? Proposal A should either bring each GovFund to individual vote, or should be the responsibility of citizen house to approve. We are not comfortable voting only to approve OP foundations decision, rather than being able to make our own. It sets bad precedence and diminishes the role of token house. We are strongly against
B- Like @lefterisjp we are unsure why Uniswap is being given special treatment despite missing the deadline. Obviously Optimism foundation is giving them favor - again another point where our governance decisions are being guided by the foundation. We will be voting No but will likely be approving them for the next batch
C- 0 x is being voted on how we believe is fit. We are confident in supplying them with a YES vote. And look forward to the grants they will be funding.
We hope not to be harsh on individual grant applications and apply undue scrutiny. But we strongly believe Proposal A and B dismiss the role of governance - a trend we must stop before it becomes normal. Remember in this space things trend towards centralized decision making, and it’s up to us to push against that wherever possible. We would be happy to approve these grants, but not in this way.
Hi all - We (Blockchain at Berkeley) generally disagree with the ethos of how this governance vote …
Hi all - We (Blockchain at Berkeley) generally disagree with the ethos of how this governance vote is being proposed. A- It’s ridiculous to expect token house governance to make an educated decision on token allocation by batching 20 + GovFund candidates together. Optimism Foundation is basically asking us to “approve” their decisions, instead of allowing us to vote individually on each one. Correct me if I’m wrong, but isn’t ecosystem funding supposed to be covered by the citizen house? Proposal A should either bring each GovFund to individual vote, or should be the responsibility of citizen house to approve. We are not comfortable voting only to approve OP foundations decision, rather than being able to make our own. It sets bad precedence and diminishes the role of token house. We are strongly against B- Like @lefterisjp we are unsure why Uniswap is being given special treatment despite missing the deadline. Obviously Optimism foundation is giving them favor - again another point where our governance decisions are being guided by the foundation. We will be voting No but will likely be approving them for the next batch C- 0 x is being voted on how we believe is fit. We are confident in supplying them with a YES vote. And look forward to the grants they will be funding. We hope not to be harsh on individual grant applications and apply undue scrutiny. But we strongly believe Proposal A and B dismiss the role of governance - a trend we must stop before it becomes normal. Remember in this space things trend towards centralized decision making, and it’s up to us to push against that wherever possible. We would be happy to approve these grants, but not in this way.
Hey all - nice to be here! As a delegate, I want to share how I’m voting on each proposal:
Proposal…
Hey all - nice to be here! As a delegate, I want to share how I’m voting on each proposal:
Proposal A: All of the proposals in this group are well-formed and I believe will lead to increased activity on Optimism.
I’m voting YES :white_check_mark:
Proposal B: This proposal missed the deadline. It shows a lack of interest in the governance process and I believe accepting it sets a bad precedent. This proposal can be resubmitted in the next round.
I’m voting NO :no_entry:
Proposal C: This proposal chose to allocate 100 % of the allocation toward grants. While it goes against the guidelines, I believe that effective grants are the most likely to stimulate long term growth on Optimism.
I’m voting YES :white_check_mark:
The difference between B and C is that B missed the deadline while C went against the guidelines.
:point_up_ 2 : Bullet A, Batching vs individual vote. Would like to have individual voting on pro…
:point_up_ 2 : Bullet A, Batching vs individual vote. Would like to have individual voting on proposals in future.
Hey all - nice to be here! As a delegate, I want to share how I’m voting on each proposal: Proposal…
Hey all - nice to be here! As a delegate, I want to share how I’m voting on each proposal: Proposal A: All of the proposals in this group are well-formed and I believe will lead to increased activity on Optimism. I’m voting YES :white_check_mark: Proposal B: This proposal missed the deadline. It shows a lack of interest in the governance process and I believe accepting it sets a bad precedent. This proposal can be resubmitted in the next round. I’m voting NO :no_entry: Proposal C: This proposal chose to allocate 100 % of the allocation toward grants. While it goes against the guidelines, I believe that effective grants are the most likely to stimulate long term growth on Optimism. I’m voting YES :white_check_mark: The difference between B and C is that B missed the deadline while C went against the guidelines.
:point_up_ 2 : Bullet A, Batching vs individual vote. Would like to have individual voting on pro…
:point_up_ 2 : Bullet A, Batching vs individual vote. Would like to have individual voting on proposals in future.
hey all! here is the summary of my votes:
Proposal A: For :white_check_mark:
Why: Unfortunate to pu…
hey all! here is the summary of my votes:
Proposal A: For :white_check_mark:
Why: Unfortunate to put all the projects subject to the same vote, but in general these guidelines were decided by OP team beforehand and i support them
Proposal B: For :white_check_mark:
Why: Shame that they where late to put a proposal, but since they had an allocation anyway, i’m ok with issuing the grant. I’d vote against if the missed deadline impacted other parts of the plan.
Proposal C: For :white_check_mark:
Why: I’m ok with issuing the whole distribution to grants / builders — imo it’s better than random airdrops or liquidity incentives.
to be honest, i hate being a triple “yes” man in this example, but this is mostly just an approval to the decisions made by the Optimism team beforehand excited to be a voice of reason and a party pooper when the time comes :smile:
I’d like to see the batch vote split up into individual pieces, but since its not, the vote mostly comes down to “all yes” or “all no” — out of which i go with yes, since all of these projects contributed to helping build optimism network as it is
Also published the explanation on twitter: https://twitter.com/wojtekwtf/status/ 1537834555956088832 2
hey all! here is the summary of my votes: Proposal A: For :white_check_mark: Why: Unfortunate to pu…
hey all! here is the summary of my votes: Proposal A: For :white_check_mark: Why: Unfortunate to put all the projects subject to the same vote, but in general these guidelines were decided by OP team beforehand and i support them Proposal B: For :white_check_mark: Why: Shame that they where late to put a proposal, but since they had an allocation anyway, i’m ok with issuing the grant. I’d vote against if the missed deadline impacted other parts of the plan. Proposal C: For :white_check_mark: Why: I’m ok with issuing the whole distribution to grants / builders — imo it’s better than random airdrops or liquidity incentives. to be honest, i hate being a triple “yes” man in this example, but this is mostly just an approval to the decisions made by the Optimism team beforehand excited to be a voice of reason and a party pooper when the time comes :smile: I’d like to see the batch vote split up into individual pieces, but since its not, the vote mostly comes down to “all yes” or “all no” — out of which i go with yes, since all of these projects contributed to helping build optimism network as it is Also published the explanation on twitter: https://twitter.com/wojtekwtf/status/ 1537834555956088832 2
I prefer batching. Delegates should simply review and remove projects that didn’t meet the grade pr…
I prefer batching. Delegates should simply review and remove projects that didn’t meet the grade prior to going to snapshot
I am intending to vote Yes for all 3 Proposals.
Uniswap didn’t meet the deadline and 0 x didn’t …
I am intending to vote Yes for all 3 Proposals.
Uniswap didn’t meet the deadline and 0 x didn’t fit the specified criteria, but both proposals seem like they will be beneficial to the ecosystem so I think flexibility with rules is sensible in this first round.
I’m not completely happy with all of the ones included in the big batch and would have voted No for a couple had they been separated out, as I don’t think they are designed to be maximally beneficial to the Optimism ecosystem. Due to them being included with other great proposals I will have to vote yes on A as a whole. A short breakdown of my views on the batched group follows:
Perfect Proposals - Would vote yes without reservations:
Synthetix
Perpetual Protocol
Lyra Finance
Celer Network
Hop Protocol
Chainlink
Rubicon
Thales
Pika Protocol
Connext
Layer 2 DAO
Gelato
AAVE
Okay Proposals - Would probably vote yes, but hesitantly:
Stargate Finance (assuming that ‘Qualified Partners who integrate Stargate widget’ will be builders on Optimism)
Synapse Protocol (large chunk of incentives to SYN holders seems a little self-serving, but this was addressed somewhat in the comments)
Zipswap (Proposal is fine but they are deployed on Arbitrum as well as Optimism so not sure why they got the 3 x multiplier)
Aelin Protocol (Would just like clarity on the Aelin Council if they are to have veto over OP incentives to liquidity pools)
Polynomial Protocol ( 20 % retroactive distribution which will probably have less effect on encouraging future users than the other segments, basically fine though)
Clipper (Unsure about the method of requiring Discord verification and the Optimism pools were closed at the time of checking, also the project’s community engaged in a ridiculous brigading of the governance forum… however the team attempted to stop this and on reflection it probably demonstrates that they are already attracting ‘new’/inexperienced users to their platform)
Slingshot (No response was given to a query regarding avoiding sybil attacks on the referral link based rewards)
WePiggy ( 20 % retroactive distribution which will probably have less effect on encouraging future users than the other segments, basically fine though)
Disappointing Proposals - Would vote no if not part of the batch:
Kwenta Protocol ( 66 % is targeted specifically at 1 , 000 previous users of dYdX, if they were to get an even distribution they would end up with 600 each, purely because they didn’t claim their dYdX tokens? Kwenta is a key part of Optimism’s synthetix ecosystem but I don’t think this proposal is reflects this.)
1 Inch (one of the requirements for Phase 0 was “Token allocations should not be used for internal development or operations costs” it would have seemed important that they clarify what is meant by “ 1 inch Network plans to accelerate the development of Optimism native features and expand R&D for L 2 ”. This question was raised 2 weeks ago but the 1 Inch team never responded)
I will not vote until tomorrow, to give time for any strong objections to my reasoning to be offered.
HaOm: Rational thinking paired with clarity makes your post very reassuring for any possible delegators.
OPUser: This is a well documented review of Phase 0 proposal. This takes time but I wish other delegates will do the same.
I will echo your review as it align with my view.
I prefer batching. Delegates should simply review and remove projects that didn’t meet the grade pr…
I prefer batching. Delegates should simply review and remove projects that didn’t meet the grade prior to going to snapshot
I am intending to vote Yes for all 3 Proposals. Uniswap didn’t meet the deadline and 0 x didn’t …
I am intending to vote Yes for all 3 Proposals. Uniswap didn’t meet the deadline and 0 x didn’t fit the specified criteria, but both proposals seem like they will be beneficial to the ecosystem so I think flexibility with rules is sensible in this first round. I’m not completely happy with all of the ones included in the big batch and would have voted No for a couple had they been separated out, as I don’t think they are designed to be maximally beneficial to the Optimism ecosystem. Due to them being included with other great proposals I will have to vote yes on A as a whole. A short breakdown of my views on the batched group follows: Perfect Proposals - Would vote yes without reservations: Synthetix Perpetual Protocol Lyra Finance Celer Network Hop Protocol Chainlink Rubicon Thales Pika Protocol Connext Layer 2 DAO Gelato AAVE Okay Proposals - Would probably vote yes, but hesitantly: Stargate Finance (assuming that ‘Qualified Partners who integrate Stargate widget’ will be builders on Optimism) Synapse Protocol (large chunk of incentives to SYN holders seems a little self-serving, but this was addressed somewhat in the comments) Zipswap (Proposal is fine but they are deployed on Arbitrum as well as Optimism so not sure why they got the 3 x multiplier) Aelin Protocol (Would just like clarity on the Aelin Council if they are to have veto over OP incentives to liquidity pools) Polynomial Protocol ( 20 % retroactive distribution which will probably have less effect on encouraging future users than the other segments, basically fine though) Clipper (Unsure about the method of requiring Discord verification and the Optimism pools were closed at the time of checking, also the project’s community engaged in a ridiculous brigading of the governance forum… however the team attempted to stop this and on reflection it probably demonstrates that they are already attracting ‘new’/inexperienced users to their platform) Slingshot (No response was given to a query regarding avoiding sybil attacks on the referral link based rewards) WePiggy ( 20 % retroactive distribution which will probably have less effect on encouraging future users than the other segments, basically fine though) Disappointing Proposals - Would vote no if not part of the batch: Kwenta Protocol ( 66 % is targeted specifically at 1 , 000 previous users of dYdX, if they were to get an even distribution they would end up with 600 each, purely because they didn’t claim their dYdX tokens? Kwenta is a key part of Optimism’s synthetix ecosystem but I don’t think this proposal is reflects this.) 1 Inch (one of the requirements for Phase 0 was “Token allocations should not be used for internal development or operations costs” it would have seemed important that they clarify what is meant by “ 1 inch Network plans to accelerate the development of Optimism native features and expand R&D for L 2 ”. This question was raised 2 weeks ago but the 1 Inch team never responded) I will not vote until tomorrow, to give time for any strong objections to my reasoning to be offered.
HaOm: Rational thinking paired with clarity makes your post very reassuring for any possible delegators.
OPUser: This is a well documented review of Phase 0 proposal. This takes time but I wish other delegates will do the same.
I will echo your review as it align with my view.
Rational thinking paired with clarity makes your post very reassuring for any possible delegators.
Rational thinking paired with clarity makes your post very reassuring for any possible delegators.
Rational thinking paired with clarity makes your post very reassuring for any possible delegators.
Rational thinking paired with clarity makes your post very reassuring for any possible delegators.
Proposal A
Vote: No
It doesn’t make sense to vote for all 24 projects in one vote. Most users are…
Proposal A
Vote: No
It doesn’t make sense to vote for all 24 projects in one vote. Most users are unlikely to read all 24 proposals and thus can’t make an informed opinion. It would make sense to approve each individual proposal as each proposal is unique.
Proposal B
Vote: No
Deadlines are deadlines. Even though uniswap is an important partner, there are rules to follow and it is important that there are no exceptions to this rule. We are open to approving their application for their next cycle but it is unfair to give them special treatment.
An individual vote also makes it more likely to be passed so this might encourage other protocols in the future to purposely miss a deadline since uniswap got this treatment.
Proposal C
Vote: Yes
We believe grants are a great way to help the community.
Proposal A Vote: No It doesn’t make sense to vote for all 24 projects in one vote. Most users are…
Proposal A Vote: No It doesn’t make sense to vote for all 24 projects in one vote. Most users are unlikely to read all 24 proposals and thus can’t make an informed opinion. It would make sense to approve each individual proposal as each proposal is unique. Proposal B Vote: No Deadlines are deadlines. Even though uniswap is an important partner, there are rules to follow and it is important that there are no exceptions to this rule. We are open to approving their application for their next cycle but it is unfair to give them special treatment. An individual vote also makes it more likely to be passed so this might encourage other protocols in the future to purposely miss a deadline since uniswap got this treatment. Proposal C Vote: Yes We believe grants are a great way to help the community.
I’m still undecided. Most of the proposals are worthy but I second @lefterisjp about rubber-stampi…
I’m still undecided. Most of the proposals are worthy but I second @lefterisjp about rubber-stamping. Governance must have more granularity.
I’ll repeat what I wrote on discord. Voting on grant proposals should use quadratic points like we did in the first RPGF round, and delegates will sign a single message with the points distribution. For other types of proposals (non-grants) we should vote on each one separately by signing an array of Yes/No/Abstain votes for all the proposals.
I might vote For the current proposal because we didn’t discuss this beforehand, but in the future I’m going to vote Against any rubber-stamp batch proposals.
I’m still undecided. Most of the proposals are worthy but I second @lefterisjp about rubber-stampi…
I’m still undecided. Most of the proposals are worthy but I second @lefterisjp about rubber-stamping. Governance must have more granularity. I’ll repeat what I wrote on discord. Voting on grant proposals should use quadratic points like we did in the first RPGF round, and delegates will sign a single message with the points distribution. For other types of proposals (non-grants) we should vote on each one separately by signing an array of Yes/No/Abstain votes for all the proposals. I might vote For the current proposal because we didn’t discuss this beforehand, but in the future I’m going to vote Against any rubber-stamp batch proposals.
@haonan can confirm the deadline was extended to 27 May. That’s what was communicated to us in th…
@haonan can confirm the deadline was extended to 27 May. That’s what was communicated to us in the Optimism Stimpack telegram chat where all the applicants were coordinating with the Optimism team
lefterisjp: I don’t like having this conversation in multiple forums nor repeating myself so please read here why this does not matter to me: https://twitter.com/LefterisJP/status/1536799159445082114
Chris_insights: Hi Theo,
Is it available for any projects that desire to build on OP can apply after 27May?
I don’t like having this conversation in multiple forums nor repeating myself so please read here w…
I don’t like having this conversation in multiple forums nor repeating myself so please read here why this does not matter to me: https://twitter.com/LefterisJP/status/ 1536799159445082114 10
@haonan can confirm the deadline was extended to 27 May. That’s what was communicated to us in th…
@haonan can confirm the deadline was extended to 27 May. That’s what was communicated to us in the Optimism Stimpack telegram chat where all the applicants were coordinating with the Optimism team
lefterisjp: I don’t like having this conversation in multiple forums nor repeating myself so please read here why this does not matter to me: https://twitter.com/LefterisJP/status/1536799159445082114
Chris_insights: Hi Theo,
Is it available for any projects that desire to build on OP can apply after 27May?
I don’t like having this conversation in multiple forums nor repeating myself so please read here w…
I don’t like having this conversation in multiple forums nor repeating myself so please read here why this does not matter to me: https://twitter.com/LefterisJP/status/ 1536799159445082114 10
Proposal A - Batch vote - :no_entry:
I voted NO. Batching many projects, with mixed quality, tea…
Proposal A - Batch vote - :no_entry:
I voted NO. Batching many projects, with mixed quality, teams and ideas together is a bad idea.
Proposal B - Uniswap - :white_check_mark:
Uniswap is not only a critical piece of infrastructure but the team also supported Optimism for a very long time. I believe that having deep liquidity for many different token pairs is a must-have for any chain and that’s why I am voting YES (despite the proposal slightly missing a deadline).
Proposal C - 0 x - :white_check_mark:
Similar to Uniswap, 0 x is a critical piece of infrastructure and I am voting YES.
Is it possible to add an abstain option on each proposal for future snapshot votes.
Is it possible to add an abstain option on each proposal for future snapshot votes.
Proposal A - Batch vote - :no_entry: I voted NO. Batching many projects, with mixed quality, tea…
Proposal A - Batch vote - :no_entry: I voted NO. Batching many projects, with mixed quality, teams and ideas together is a bad idea. Proposal B - Uniswap - :white_check_mark: Uniswap is not only a critical piece of infrastructure but the team also supported Optimism for a very long time. I believe that having deep liquidity for many different token pairs is a must-have for any chain and that’s why I am voting YES (despite the proposal slightly missing a deadline). Proposal C - 0 x - :white_check_mark: Similar to Uniswap, 0 x is a critical piece of infrastructure and I am voting YES.
Is it possible to add an abstain option on each proposal for future snapshot votes.
Is it possible to add an abstain option on each proposal for future snapshot votes.
Yes, snapshot allows this. It’s just a configuration setting that needs adjustment.
Yes, snapshot allows this. It’s just a configuration setting that needs adjustment.
This is a well documented review of Phase 0 proposal. This takes time but I wish other delegates …
This is a well documented review of Phase 0 proposal. This takes time but I wish other delegates will do the same.
I will echo your review as it align with my view.
Yes, snapshot allows this. It’s just a configuration setting that needs adjustment.
Yes, snapshot allows this. It’s just a configuration setting that needs adjustment.
Proposal A
Vote: No
We went back and forth on this. We considered voting yes even with our concerns…
Proposal A
Vote: No
We went back and forth on this. We considered voting yes even with our concerns to get the ball rolling, but ultimately decided that we care about upholding a high standard and this is hard to do with the batch vote. Even if only a small number of projects are of concern, we can’t separate them out when batched. In addition, we would have liked to see some more transparency around the batch sums / numbers to help inform the macro decision.
Proposal B
Vote: No
We considered being lenient with deadlines here because it is the first round, but considering we were voting no on Proposal A which included several legitimate projects that did follow the rules for submission, it does not seem fair to give Uniswap special treatment here. In voting no, we hope to indicate support for following processes and upholding a high standard. We would support this proposal if resubmitted in the future
Proposal C
Vote: No
Similar rationale as Proposal B for following processes and upholding a high standard.
This is a well documented review of Phase 0 proposal. This takes time but I wish other delegates …
This is a well documented review of Phase 0 proposal. This takes time but I wish other delegates will do the same. I will echo your review as it align with my view.
Proposal A Vote: No We went back and forth on this. We considered voting yes even with our concerns…
Proposal A Vote: No We went back and forth on this. We considered voting yes even with our concerns to get the ball rolling, but ultimately decided that we care about upholding a high standard and this is hard to do with the batch vote. Even if only a small number of projects are of concern, we can’t separate them out when batched. In addition, we would have liked to see some more transparency around the batch sums / numbers to help inform the macro decision. Proposal B Vote: No We considered being lenient with deadlines here because it is the first round, but considering we were voting no on Proposal A which included several legitimate projects that did follow the rules for submission, it does not seem fair to give Uniswap special treatment here. In voting no, we hope to indicate support for following processes and upholding a high standard. We would support this proposal if resubmitted in the future Proposal C Vote: No Similar rationale as Proposal B for following processes and upholding a high standard.
Hi Theo,
Is it available for any projects that desire to build on OP can apply after 27 May?
Hi Theo,
Is it available for any projects that desire to build on OP can apply after 27 May?
Hi Theo, Is it available for any projects that desire to build on OP can apply after 27 May?
Hi Theo, Is it available for any projects that desire to build on OP can apply after 27 May?