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10 min read • Published on 16 Sep 2024

Governance Review #27

Avatar of Anastassis Oikonomopoulos

Anastassis Oikonomopoulos

Governance Representative

Optimism to vote on rolling Mission Requests, Arbitrum and Everclear gearing up for Security Council elections, and Uniswap discusses leveraging ecosystem incentives.

Governance Review #27 publication thumbnail

Optimism

Optimism is voting on allowing Mission Requests on a rolling basis, and there are multiple Mission Requests already presented.

Active Votes

Rolling Mission Requests – ends on September 18 at 17:50 pm UTC

Rolling Mission Requests: Voting Cycle 27 – ends on September 18 at 18:14 UTC

Retro Funding 6: Governance - Round details

Optimism Foundation published a post announcing the details for Round 6 of Retro Funding (RF6), which will reward contributions to Optimism Governance, including governance infrastructure & tooling, governance analytics, and governance leadership.

Sign-ups to RF6 will begin on September 26th and will be open until October 10th. Then, after a review period, voting will begin on October 28th and will last until November 7th, with the results coming on November 19th.

Cycle 27 Mission Requests

There are many mission requests that are seeking sponsorship for Cycle 27. You can browse through them here.

Discuss with L2BEAT

We’re super interested in discussing with people who are building stuff on Optimism these days. If you have launched a product, or if you’re working on something that is about to launch, please reach out to us as we’d like to learn more about it.

When/where to catch us:

You can find us to discuss all of the above and more during our Optimism Office Hours every Tuesday at 3 pm UTC.

Upcoming Events (Times in UTC)

Builder Office Hours with the Foundation (Bi-Weekly) on 18.9 at 4:30 pm

Arbitrum

On Arbitrum, the Security Council elections are coming; the Foundation requested additional funding to be used for key partnerships, and there are four active temp-checks.

Active Votes

Temp-Check

[Aave DAO] LTIPP Grant Extension Request – ends on September 19 at 11:00 UTC

Constitutional AIP: Proposal to adopt Timeboost, a new transaction ordering policy – ends on September 19 at 12:33 UTC

Terms of Tenure for STEP program manager – ends on September 19 at 22:00 UTC

ArbitrumDAO Off-site – ends on September 20 at 00:00 UTC

Security Council Registrations Open

Arbitrum Foundation announced on Twitter that registrations for the upcoming Security Council elections have started and will continue for six days. Then the nominee selection process will commence on September 22nd, and finally, the elections will start on October 13th. The whole process will happen on Tally.

[Non-Constitutional] Funds to Bolster Foundation’s Strategic Partnerships Budget

The Arbitrum Foundation submitted an RFC that requests 250 million ARB with the primary objective of enabling further fostering of key strategic partnerships. The reason behind this request is how strategic partnership agreements are structured.

Agreements typically last a few years to align a project’s interests with the long-term objectives of the Arbitrum ecosystem. This results in capital being locked in commitments over the next few years, restricting the Foundation’s ability to pursue new partnerships and stay ahead of the competition now.

The requested funds will only be used for new strategic partnerships and not for Arbitrum Foundation operating expenses, including marketing, operations, service providers, or existing signed agreements.

[RFC] Establishing a DAO Events Budget for 2025

Entropy submitted an RFC that suggests earmarking a budget for events for 2025 and for Entropy to take the lead on running ongoing RFPs to satisfy the DAO’s event demands. The proposed event categories for this initiative are a) delegate gatherings and b) ecosystem growth events. It’s important to note that the earmarked funds are to be used to cover the costs of events proposed to and approved by the DAO. The proposed budget is $1,500,000 or about 4,000,000 ARB (incl. buffer) and is meant to cover 2 delegate gatherings and 4 events within 2025.

[RFC] Research on context and retention

In collaboration with TogetherCrew, Daniel Ospina submitted an RFC requesting read access to Arbitrum’s Discourse and Discord API to run an analysis and present it to the community for research purposes. The proposal is only asking for permission to have read access to the API’s, and not for any money for the analysis.

[ARDC] Transaction Ordering Policies & Value Accrual in L2s: Timeboost, OP PGA, Fastlane & OEV Network

Delphi Digital, in its capacity as a member of the ARDC, published a memo on Arbitrum’s newly proposed transaction ordering policy – Timeboost. The memo explains how Timeboost works, compares it with other mechanisms like Optimism’s Priority Gas Auction (PGA), FastLane, and OEV Network proposed by API3. It also examines how these transaction ordering policies influence value capture at both the application and base layers.

Arbitrum DAO - Monthly Token Flow Report - August 2024

Reg3n Finance published its monthly ‘Token Flow’ report for August 2024, covering all the DAO’s financials.

Discuss with L2BEAT

There are a handful of important open fronts that we’re keen to discuss with other delegates and relevant stakeholders, including the Security Council elections and the Foundation’s request for additional funding.

When/where to catch us:

You can find us to discuss all of the above and more during our Arbitrum Office Hours every Thursday at 3 pm UTC.

Upcoming Events (Times in UTC)

Thank ARB Demo Day on 18.9 at 13:00

Open Discussion for Delegate Incentive Program on 18.9 at 22:00

ADPC Call on 18.9 at 14:00

GCP Open Office - Weekly - on 18.9 at 16:00

Uniswap

Although there are no active votes in Uniswap, several different discussions are currently taking place, with the most prominent being AlphaGrowth’s proposal to grow Uniswap through incentives and grants from other ecosystems.

[RFC] Uniswap Ecosystem Incentives Initiative

Pgov, a member of the meta governance team (UADP), published a post discussing their interest in working with AlphaGrowth to increase Uniswap’s presence and engagement with the target chains on which it is currently deployed. Such a move could enable the DAO to leverage incentives from other ecosystems, just as it did with Arbitrum’s grant in the context of LTIPP.

The post doesn’t constitute a concrete proposal but rather as a conversation starter to collect feedback and input from delegates.

[RFC] AlphaGrowth - Growing Uniswap through Incentives, Distribution, and Co-Marketing

Building on the discussion post described above, AlphaGrowth published an RFC that dives deeper into the concept of establishing a dedicated entity within the DAO to be in charge of utilizing grants and incentives from different ecosystems where Uniswap is deployed. The post is a high-level discussion and doesn’t propose something specific.

[RFC] - Hedge against Impermanent Loss

Marek from Carmine Finance published an RFC that seeks to discuss the concept of introducing a hedge against impermanent loss (IL). At this time, the post is more of a discussion and less of a proposal and seeks the community’s feedback on a mechanism to hedge against IL that is described in the post.

Uniswap Delegate Reward Initiative - Cycle 3 Discussion

Following the successful passing of the Delegate Rewards Initiative for a second cycle, Doo from StableLabs published a post to open the floor for different ideas, suggestions, as well as concerns. Specifically, any case studies, theories or data would be quite helpful to the discussions.

August ‘24 Uniswap Report

Oku published the most recent issue of the Uniswap Monthly Report, summarizing protocol metrics for August 2024

Discuss with L2BEAT

We’re interested in discussing the topic of leveraging incentives and grants in other ecosystems to better understand if it’s worth spending time and effort on it.

When/where to catch us:

You can find us to discuss all the above and more during our Uniswap Office Hours every Friday at 3 pm UTC.

Hop

Hop is relatively quiet this week, but we anticipate activity to pick up once the Grants Committee publishes its RFP list.

Hop Protocol & DAO Q2 24 Report

Francom published a protocol & DAO report for the second quarter of 2024. The report covers the following topics:

  • Usage and volume metrics
  • V2 Development Updates
  • Liquidity
  • Hop DAO

You can read the full report here.

Discuss with L2BEAT

If you believe we should be aware of something or if you have a specific concern you want to discuss, don’t hesitate to contact us.

When/where to catch us:

You can find us to discuss all the above and more during our Hop Office Hours every Friday at 3 pm UTC.

Upcoming Events (Times in UTC)

Hop Community Call on 18.9 at 17:00

Polygon

Discuss with L2BEAT

We were unaware of any significant governance-related news in Starknet over the last week. If you think we have missed something important, please let us know!

When/where to catch us:

You can find us to discuss all the above and more during our Polygon Office Hours every Friday at 3 pm UTC.

Starknet

Discuss with L2BEAT

Other than Starknet’s first-ever vote on Starknet mainnet successfully passing, we were unaware of any significant governance-related news in Starknet over the last week. If you think we have missed something important, please let us know!

When/where to catch us:

You can find us to discuss all the above and more during our Starknet Office Hours every Friday at 3 pm UTC.

Everclear

Everclear is gearing up for its Security Council elections and applications are now open.

Everclear Security Council Applications Thread

Following the successful passing of the proposal to upgrade the Security Council and its election process, SEEDGov published a thread for the Security Council applications. Prospective applicants must fill in their application following the instructions outlined in the thread. Applications will remain open for at least seven days, but an application deadline isn’t specified.

Discuss with L2BEAT

If you’re planning to apply for the Security Council, we’d love to hear from you and learn more about why you’d make a good applicant.

When/where to catch us:

You can find us to discuss all the above and more during our Everclear Office Hours every Friday at 3 pm UTC.

Upcoming Events (Times in UTC)

Everclear Delegates Call on 19.9 at 15:00

Wormhole

Discuss with L2BEAT

Wormhole’s governance hasn’t seen any new developments over the last week. If you believe we might have missed something, please let us know. Regardless of any news, we’re interested in discussing it with other Wormhole delegates, so if that’s you, shoot us a message.

Lisk

Discuss with L2BEAT

Lisk’s governance hasn’t seen any new developments over the last week. If you believe we might have missed something, please let us know. Regardless of any news, we’re interested in discussing it with other Wormhole delegates, so if that’s you, shoot us a message.