This thread is a continuation of PoolCollective: Optimism Governance Committee. We will use it to update about the PoolCollectiveās progress and actions in Optimism governance.
The PoolCollective stepped into action for the first time in Optimism governance cycle #6.
The collective voted as follows:
Cycle 7 officially began Sep 29th. Itās structured into three weeks:
Any questions? Let us know!
Interested community members are invited to participate in the collective or join our discussions. You can find us in #poolcollective on Discord.
Have a look at our Notion page to learn more about the PoolCollective.
In our second cycle on Optimism token house governance, we voted on behalf of 19 delegators with 58k $OP (0.26% of votable supply).
11 out of 14 proposals passed in Cycle #7.
| Proposal | PoolCollective Vote | Committee Recommendation |
|---|---|---|
| Yearn | Against | Yes |
| Tarot | Against | Yes |
| Sushi | For | Yes |
| Safe | For | Yes |
| Rainbow Wallet | For | Yes |
| LI.FI | For | Yes |
| Otterspace | For | Yes |
| Karma Plugin | For | Yes |
| Karma Dashboard | For | Yes |
| Alchemix | Against | No |
| Overnight.fi | Against | No |
| Overtime | Against | No |
| Dope Wars | Against | No |
| Abracadabra Money | Against | No |
Unfortunately, six of the votes havenāt been counted on Snapshot due to a Safe bug in batch execution.
The proposals that will go to Snapshot for Cycle 8 can be found in the Voting Cycle Roundup.
Cycle 8 will officially end season 2 for Optimism token house governance.
It will be followed by:
before going into a special voting cycle to vote on Committees.
Happy new year, my optimistic poolers!
I havenāt posted an update to this thread in a while, so itās time to get back up to speed!
We are eligible for a six-month delegation boost from the Optimism Governance Fund and weāve decided to use it! We have opted in for the Protocol Delegation Program.
Currently, we have 78.7k $OP delegated to us. The protocol delegation program will increase this number drastically. I will update this thread once it is live!
The Snapshot of your (delegated) OP will take place on January 12 and January 26, ahead of the voting cycles. Make sure your OP is where you want it to be.
Whatās happening in Token House Season 3? Lavande summarized it for us on the Optimism gov forum:
| Proposal | PoolCollective Vote | Committee Recommendation |
|---|---|---|
| Homora V2 <> Ironbank | Against | For |
| Curve | For | For |
| Socket | For | For |
| Arrakis Finance | Against | Against |
| Ambire Wallet | Abstain | Abstain |
| Overnight.fi | Against | For |
| Tally Ho | Abstain | Abstain |
| Messari | Abstain | Abstain |
| DefiLlama | For | For |
| Alchemix | For | For |
| Angle Protocol | For | For |
| PoolTogether | Abstain | For |
| Symphony Finance | Against | Against |
| EthernautDAO | For | For |
| InsureDAO | For | For |
| Mochi | For | For |
| Agora | For | For |
If you like what we are doing and are not planning to actively participate in Optimism governance, yo can delegate your $OP tokens to the PoolCollective.
0x3D2d722B443A5cAE8E41877BB7cD649f3650937C & hit DelegateHello fellow Poolers & Optimists,
another voting cycle has passed so itās time for another Optimism token house update.
Special Voting Cycle #9b concluded yesterday. Here are our votes:
Season 3 begins with Voting Cycle #10 on January 26th.
For season 3, governance moves to on-chain voting. The Operating Manual will be updated to reflect the new structure for season 3 shortly.
As previously announced, PoolTogether qualified for the Protocol Delegation Program based on gas fees generated by the protocol during season 2. You can learn more about the Protocol Delegation Program here.
During Season 3 & 4 our PoolCollective will vote with an additional 244.5k OP.
RetroPGF (Retroactive Public Goods Funding) round 2 will distribute 10 million OP tokens to public goods that support the development and usage of the OP Stack.
During this window, anyone can nominate a project or person for funding. Nominations are open from Jan 17 to Jan 31. You can read about the process here. The nominations take place in the Optimism governance forum.
For the category of Infrastructure + Dependencies you may nominate:
For the category of Tooling + Utilities you may nominate:
For the category of Education you may nominate:
Learn more in the RetroPGF Project Manual.
Thatās great - we are always looking to bring new active members into the collective!
If you are interested in joining the PoolCollective, take a look at the Delegate Code of Conduct as well as our Delegate Commitment and reach out to us!
gm Poolers,
with Season 3 of Optimism Token House coming to a close Iād like to share a quick update about Token House Governance and the PoolCollectiveās current doings. There is a lot so Iāll try to keep it short and provide you with links to learn more about each topic.
We are currently in the Reflection Period , before heading into Special Voting Cycle #12a (April 27th - May 10th). Youāll find all important dates at the bottom of this post.
See below our votes during Cylce 11 of Season 3:
| Proposal | PoolCollective Vote |
|---|---|
| Upgrade Proposal: Bedrock | For |
| Delegate Suspension: Fractal Visions | For |
Currently the PoolCollective is currently receiving a delegation of about 250k OP from the Optimism Foundation through the Protocol Delegation Program. The Delegations are awarded based on a protocolās gas consumption during a season. Sadly we donāt qualify for S4 based on PoolTogetherās gas fees in S3.
More here: https://gov.optimism.io/t/protocol-delegation-program-renewal/5883
āIn recognition of the important contributions of Token House delegates, the Foundation will retroactively reward active delegates from Season 3.ā
The PoolCollective qualifies for these! We are receiving 2250 OP in retroactive rewards for Season 3.
More: https://gov.optimism.io/t/retroactive-delegate-rewards-season-3/5871
- Protocol Delegation Program Renewal: The Token House will vote to approve the final season of this program which enables the Foundation to delegate to active protocols in the Optimism ecosystem
- Collective Intent Budgets: The Token House will vote to approve each proposed Intent Budget
- Grants Council Renewal: The Token House will vote vote to renew the Grants Council by approving the budget proposal for Intent #2, which is to be overseen by the Council. Delegates are effectively electing the Council Lead that has authored an approved proposal.
Season 4 will kick off with Voting Cycle #13 on June 8th.
Expected proposals for this circle:
Season 4 is introducing several new foundational concepts. All of these are taking learning from the Collective DAO Archives.
The most important concepts are Intends, Missions, and Alliances.
You can dive into the full framework here: https://gov.optimism.io/t/guide-to-season-4-as-a-collective/5886
The intends are as follows:
As an alternative to the traditional working group structure, Missions are introduced to support specific initiatives aligned with the Intents.
There are two types of Missions:
Learn more about the Missions here.
Alliances are groups of contributors that execute Missions. Alliances can submit proposals based on Collective Trust Tiers.
These are the expected timelines (subject to change):
Are you holding $OP tokens? Delegate your voting power to the PoolCollective!
Sup Poolers,
two cycles in Optimism governance has passed, so hereās a quick update on the votes the PoolCollective put in.
This cycle entailed four proposals from three different proposal types:
| Proposal | PoolCollective vote |
|---|---|
| Inflation Adjustment Proposal (to 0%) | For |
| Treasury Appropriation (Foundation Year 2 Budget Approval) | For |
| Council Reviewer Elections: Builders Grants | |
| Council Reviewer Elections: Growth Experiments Grants |
The proposal succeeded. The inflation of $OPās total token supply has been set to 0%. The total supply will remain at 4,294,967,296 OP for year 2.
The Optimism Foundation still has about 94% of its initial budget left and therefore put out a symbolic budget request for 1 OP. The proposal succeeded.
The elected reviewers are Krzysztof Urbanski, Jack Anorak and Gonna.eth
The five elected reviewers are Katie Garcia, Michael Vander Meiden, Matt L, GFX and Sugma.eth
In Season 4, the Token House approval ranks Mission Proposals that work towards Optimismās Collective Intents.
We voted for the following Missions:
We voted for the following Missions:
We voted for the following Missions:
@underthesea has left the PoolCollective after 10 months of great work! Itās sad to see our turtle depart, but weāre mega grateful for what they have brought to the table!
@Illpo and I are very happy to welcome @cpoetter as our newest member! Carsten has been a member of the community for over year and is now stepping up into the PoolCollective!
The PoolCollective is proud to join Cohort III of @a16zcryptoās Token Delegation Program.
We have received a delegation of 1m OP tokens, boosting the collective into the top 10 delegates.
We know this step carries a lot of responsibility, so we are dedicated to improve our balance of finding internal consensus and external communication with stakeholders of the Optimism ecosystem.
Sup fellow Nerds & Optimists.
Itās once again time to report back to our delegates about our latest actions.
The PoolCollective currently votes with a weight of 1.135M OP on behalf of 1.06k addresses (2.28% votable supply; 7.77% quorum). You can delegate to us here.
Only 1 proposal for us to vote on. We voted in favor of Intent 2 Budget Proposal 2. The proposal requested 2.5M OP of remaining budgets from Season 14 to be repurposed for intend 2, instead of returning it back to the governance fund.
Without an increase in budget for Intent 2, the Grants Council would have been forced to drastically reduce the number of grants for Cycles 14 and 15. The grants council has done an outstanding job so far. While this shouldnāt become a practice, the grants council is still in its early days. Relocating the unused funds from Season 4 seems to be a good decision, supporting innovation and experimenting.
Voting Cycle #15 has now begun and will last through September 20th.
Cycle #15 will be the last voting cycle of Season 4 and will be followed by one week off. The Reflection Period will begin September 28th.
GM Poolers,
OP token house governance is back from hibernation and the PoolCollective is voting with 1.18m OP.
TL;DR: This proposal by Test in Prod suggests the Delta network upgrade, introducing Span Batchesāa new batching spec. Span Batches improve efficiency by encoding consecutive L2 blocks into one batch, significantly cutting L1 costs. Backtesting shows a reduction of ~97% for inactive chains and 6%~11% for performant chains like OP Mainnet or Base Mainnet. This upgrade supports OP Stack adoption by meaningfully lowering L1 costs for OP Chains, mitigating risks in launching new L2s with the OP Stack.
Our vote: For
Proposal to Reclassify Grant Misusage Enforcement
TL;DR: The Foundation proposes changes to grant misusage enforcement by eliminating delegate responsibility. This involves reclassifying the Grant Clawback proposal type, removing it from the Operating Manual, and designating it as an enforcement option under Grant Policies, to be processed by the Token House Code of Conduct Council. Additionally, the proposal suggests replacing the Future Grant Freeze with the Grant Misusage Process, offering a governance-minimized approach for objective reporting and verification of grant misusage, documented in a public database, thus reducing the need for Token House delegatesā involvement in enforcement decisions.
Our vote: For
Code of Conduct Council Enforcement Actions Cycle #17
TL;DR: The new CoC Council published a report about enforcement actions during cycle 17. This report includes three legacy Code of Conduct Violation Reports that were submitted previously and have not been handled by the Foundation as the new process has been voted on. The CoCC has assessed and enforced actions to be approved if the proposal isnāt vetoed.
Our vote: not voted (optimistically approving)
Hey all,
a month has passed since our last update, so here is a quick recap on what the PoolCollective has been up to.
As a top 100 delegate, the PoolCollective opted in to help with the review of Mission Requests under Intent 3: Improve the Consumer Experience.
We have been assigned and the following nine requests which we thoroughly reviewed and provided feedback to:
Cycle 18 included five proposals. One to upgrade the protocol, and four to allocate funds to different Intends. These four intends included a total of 43 mission requests to review. We cast our votes as stated below:
Intend #1: Progress Towards Decentralization
Intend #2: Grow the Superchain
Intend #3: Improve Consumer Experience
Intend #4: Improve Governance Accessibility
Donāt forget to delegate!
https://twitter.com/PoolTogether_/status/1762870306832797842
