OP Bulletin: Token House Nominations & Upgrades move on to Citizen’s Veto | May 30th

Weekly insights on the Optimism Collective

May 30, 2024

Beta Version Custom Gas Token Feature is live for the OP Stack
Velodrome <> Metal
Intents were ratified by the Token House!
Token House Nominations
The CoC Council budget proposal defeated
Upgrades move on to Citizen’s Veto
Superchain Eco’s OP Citizen Dashboard
Retro Funding 4: submissions open until June 6th
Retro Funding: Impact Metrics

🌐 Ecosystem News

Beta Version Custom Gas Token Feature is live for the OP Stack

When deploying a L2 and L3 Chain, chain operators can enable this feature and launch with an ERC20 token instead of ETH for gas fees. With this feature, projects can “enhance the utility of their existing tokens either by deploying a chain with their own token as the gas token or by deploying a chain with an established community token as the gas token, thus boosting their chain’s growth.”
Learn more

Velodrome <> Metal

Metal, the L2 launched by Metallicus, will be the fifth Superchain L2 with a Velodrome deployment. Velodrome continues evolving into the liquidity hub of the Superchain!
Read more

📰 Governance News & discussions

We’re in the Reflection Period: Nominations and Citizens’ House: Veto Period #23a

Intents were ratified by the Token House!

Season 6’s theme – “Optimizing to support the Superchain”–, Season 6 Intents and Intents Budgets were presented, and later ratified by the Token House.

#1: Progress Towards Decentralization
#2: Bring Chains to the Superchain
#3: Grow Application Developers on the Superchain

Read S6 Intents and their Budgets | Check out OP Bulletin Summary

Token House Nominations

Nominations for 2 governance bodies are open! Any delegate that would like to run to be a representative may self-nominate themselves on the forum using the respective template.

Deadline: June 5th

The CoC Council budget proposal defeated

The CoC operating budget was not approved, this means that the supportNERDs will continue to monitor the forum and enforce the Rules of Engagement as they previously have. SupportNERDs operate as an open contribution path within the Optimism Collective.
Learn more about them here.

Upgrades move on to Citizen’s Veto

After receiving enough votes in the Token House Votes, both protocol upgrades and the governor upgrade proposals move on to a Citizens’ House Veto Vote.

If you disagree with the upgrades, you may cast your vote on Snapshot. A veto requires 45 veto votes. If you do not wish to veto but would like to register your participation in this voting cycle, you may select “No Veto”.

Deadline: June 5th

Check out OP Bulletin Upgrade Summaries | Citizens’ House Snapshot

Superchain Eco’s OP Citizen Dashboard

Superchain Eco presented a new dashboard that maps all current OP Citizens, detailing their roles in projects and rewards for reviewing RetroPGF3.

Check it out | Give feedback to the project

🗳️ Voting Reminders

Citizens may veto upgrade proposals (by June 5th)

💵 Grant News

Retro Funding 4: submissions open until June 6th

Retro Funding 4 will reward 10M OP to onchain builders who have deployed contracts across the Superchain and generated demand for its blockspace between October 2023 - June 2024.

Who can apply? Projects building across the Superchain who have deployed contracts in one or more OP Chains and increased demand for blockspace and driven value to the Collective. OP Chains include: OP Mainnet, Base, Zora, Mode, Frax and Metal.

Round details & Eligibility | Application Process | Application Review Process | Apply now

Retro Funding: Impact Metrics a Collective Experiment

Retro Funding 4 rewards impact by using metrics-based evaluation. In this post, Optimism outlines the process to define and refine metrics that measure various types of impact, ensuring that the metrics are robust, verifiable, and align with the community’s values.

Badgeholders will test the refined metrics during the week of June 3rd through a simulated interface, providing additional feedback. This will culminate in a final session to discuss and decide on the metrics to be used in the upcoming round.

🔴✨ Optimism Collective Resources

🫡 Stay Connected, Stay Informed

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