Dao:op token and non transferable NFT are committed to building a new digital democracy

DAO：OP Tokens and non transferable NFT Committed to building a new digital democracy

This year, 4 month , When Optimistic Ethereum Announced its intention to tokenize its community , And create a decentralized autonomous organization Optimism Collective after ,Crypto Twitter It began to become “ boiling hot ” get up .

then , What is shown in the figure below happened ：

About Layer 2 Summer The discussion has been going on for more than a year ( Since last year #L222 It became popular ).Layer 2 (L2) Is a term for a specific type of Ethereum expansion solution , It allows users to inherit the security of Ethereum , But it can be traded at a low price and at a super fast speed .Optimism Depend on Optimistic Rollup Technology to expand Ethereum .

But this “ optimistic ” Not only in technology . For those of us Optimism Especially attractive , Because we realized that its founder and Ethereum didn't need permission 、 Progressive decentralization is consistent with the spirit of public goods fundraising , That is, we can jointly create a more dynamic 、 A sustainable and beautiful world .

stay Optimism Collective In the structural design of , We see the effect of this optimism . The Collective It is divided into two management organizations ： One is to provide short-term incentives for token holders , The other is for those who focus on long-term retrospective public goods fundraising .

exploring Optimism Collective Structural nuances , We can see a kind of governance and token design , It contains such a belief ： Even if our incentives are not always consistent , Even though our specific goals may be different , We can also create better things together .Optimistic Ethereum It condenses the spirit of this new era .Optimism It's not just an extension technology ; It also connects all Web3 The basic elements of .

“ optimistic ” The way

2022 year 3 month 23 Japan ,Optimism Published a blog post ——Ether’s Phoenix —— This article is about building infrastructure to support public goods fundraising . Not long after , A follow-up post told their story .Optimism At first it was “ A small group ETH Obsession , Graffiti crazily on the whiteboard ”, Not long after , Developed Optimistic Rollup.

When the team raised a lot of money to expand their own operations , They wrote ,Optimism“ It is approaching the end of one chapter and the beginning of the next —— A community owned and governance driven chapter ”. A week later , The news spread like wildfire , Even Arbitrum Also posted a tweet , Try to get involved ：

A new model of optimistic governance

2022 year 4 month 26 Japan , A new governance model was born . As a decentralized autonomous organization ,Optimism Collective It resonates with the soul of Ethereum ： The technology we build and the system we create to motivate behavior can create a rich 、 A sustainable and technologically optimistic future . This governance model claims to be “ Optimized new model of digital democratic governance , To promote the rapid and sustainable growth of decentralized ecosystems ”, It aims to enable the community to establish and benefit from a strong public goods fund-raising model .

The core of this model is “ influence = profits ” Axiom of , And the belief that mother and son can make profits in public goods .

Optimism Collective Will affect = The profit axiom is defined as “…… Yes Collective The principle of positive impact should reward individuals with profits ”. let me put it another way , People and projects that contribute to the public interest should have retrospective fundraising .

When designing the governance framework ,Optimism Two different governance institutions have been established to form Collective. With the airdrop #1 Appearance , The house of tokens governed by tokenization （Token House） Begin to take shape .“ Citizens' house ”(Citizens’House) Will be established later , And bound by the soul NFT Holder Management . Each part will be responsible for coordinating incentives , To pursue an optimistic vision .

With the establishment of its structure ,Optimism Foundation Also established , To help guide the community how to manage Optimism Collective. first , The foundation （ Foundation） and Collective We must learn how to govern together . When Collective When you find your own track , The foundation will delegate its management responsibility to Collective, And slowly dissolve in a decentralized way .

Founding document

Optimism Collective The founding document of is 《Optimism Collective Work rules 》 and 《 Operation manual v0.1》. The work rules are Collective Soul , yes Collective Important basis for operation .《 Operation manual v0.1》 And all further amendments must be faithful to 《 Work rules 》 The principles stipulated .

Work rules

《 Work rules 》 Embodies the Collective The spirit of , Established a flexible framework , Support sustainable and equitable governance .《 Work rules 》 It also requires the final creation “ Citizens' house ”, In order to form a check and balance relationship with the house of tokens , And consolidate the foundation in helping guide Collective The role of .《 Work rules 》 It will continue to develop with the success and failure of governance .

Operation manual v0.1

The original 《 Operation manual 》 Formulated the 《 Work rules 》 The principles specified in , It provides operation guidelines and governance procedures for the token house .《 Operation manual 》 It will be updated with the launch of citizens' house . As an experimental and iterative organization ,Collective Will ensure that it will become clearer and more refined as the governance model , The manual will also be revised regularly .

Optimism Foundation

according to 《 Work rules 》,Optimism Foundation Is a person responsible for guiding Optimism Collective The growth and development of the organization . At the beginning of the foundation , There is 《 Work rules 》 Prescribed functions and responsibilities . The foundation will help guide more community members and builders .

Optimism Collective The blueprint of

Optimism Collective Eventually, it will be managed by two institutions ：Token House（ House of tokens ） and Citizens’House（ Citizens' house ）. Although each part has its own responsibilities and focus areas , But they will work together for Optimism Protocol defines network parameters . Before the house of citizens is fully established , Many responsibilities will be borne by the foundation .

House of tokens

Token House（ House of tokens ） from OP The holder of the token consists of ,OP The token is Optimism Collective The governance token of .OP The holder will comment on the relevant proposal （ Project incentives 、 Agreement upgrade 、 Treasury fund payment and network parameters ） Submit 、 Deliberation and voting . Once the house of citizens is established , They will also grant citizenship . Its members can vote directly , Voting rights can also be entrusted to a third party .

Governance will be mainly through Optimism Forum and Snapshot( Offline voting platform ) Coordination . first , The proposal will be strictly supervised and supervised by the foundation . Some proposals , For example, those involving Treasury grants or rights protection ( Modify the founding document ) Proposal for , It can only be initiated by the foundation . Unlike many agreements , Most proposals can be submitted directly to Snapshot Vote .

In order to reduce the pressure of voters and improve participation , Voting on proposals will take place at regular intervals . The governance proposal must meet the quorum ( according to OP Total supply minimum required to develop proposal OP Number of votes ), And overcome the approval threshold , That is, the minimum number of votes required to support the proposal . The initial number of people will be set to... Of the total supply 10%, The approval threshold will vary according to the type of proposal .

The foundation will ensure that only proposals that meet the defined number and approval threshold are considered for implementation . For proposals that meet the voting requirements , The foundation “ Will determine whether the proposal is safe and reliable , Whether it conforms to the foundation and Collective The purpose of , Whether it can be implemented in a legal way ”. If possible , The foundation will be committed to the implementation of the proposal ; If not , It may be sent back Collective Modify or resubmit , Or the proposal may be implemented under certain guarantee .

Citizens' house

The main purpose of citizens' house is to determine how to distribute network income and its initial OP Token supply , To trace public goods fundraising . The house of tokens is designed to provide short-term incentives ; Citizens' houses are built to maintain Optimism Collective Our long-term vision , To influence = Based on the motto of profit .

In line with Optimism The spirit of experiment , Membership of the house of citizens will be granted by binding non transferable tokens , That is, citizens NFT—— The recipient cannot sell 、 Transfer or otherwise remove these tokens from their wallet address . However ,” Soul binding “ Of NFT Not without controversy .

besides , This is obviously a way to decouple economic incentives from governance , This is a powerful examination of the house of tokens . Citizens' house , By Optimism Described as Collective The first level of identity , It will need a new operation manual v0.2.

OP Token distribution

The house of tokens will be OP The holder consists of , The payment method of token has been discussed in the whole field of encryption , Mainly focused on airdrop #1 The mechanism of . Airdrop #1 The allocation parameter of will reward positive Optimism Participants and Ethereum users who help the development of a larger ecosystem .

OP Token allocation is divided into five different recipient categories ：

Total token supply 36% Will be allocated to core contributors and allies （ Those make Optimism People and entities who have reached their present position ）. This type of retrospective allocation is typical in ecosystems , And it can make people realize the importance of compensating for their past work . These tokens will have a lock-in period .

In limine ,OP The initial total supply of tokens will exceed 40 One hundred million , And every year 2% The speed of expansion . Of the total token supply 64% Will be airdropped 、 Ecosystem incentives and retrospective public goods fundraising are allocated to users and project communities . Unlocked OP A rough approximation of the token supply is shown below .

As the chart shows ,Optimism It is expected to release their total supply of tokens within four years , However, the focus will still be on continuing to actively fund the growth of its ecosystem and retroactively raise funds for public goods . It all started with airdrops #1.

Airdrop

Airdrop #1 The announcement of is a watershed of Ethereum ecosystem , Because it helps many people understand the core spirit of Ethereum , from Vitalik This paper , from Optimism Definition . Airdrop #1 Of the total supply of initial tokens 5% Assign to near 25 Ten thousand qualified addresses . These users use Optimism And support for Ethereum ecosystem . Ecosystem participants are also assigned OP Tokens, , Used in DAO Vote in the snapshot of the range , As a multi signer , stay L1 Up for Gitcoin Grants Make a contribution , And bridge to others L1 or L2.“Optimism” If early users meet four of the six criteria of airdrop , Their quota will increase .

additional 14% Assigned to future undefined airdrops , Now it's participation Optimism And Ethereum ecosystem . Add a DAO And in Snapshot Vote on , Assume responsibility for multiple signatures , Or donate to Gitcoin Grants To help our ecosystem . We don't know the parameters of future airdrops , But the best way to participate in future airdrops may be to join Optimism Collective Discord, Participate in shaping the future of agreement governance and public goods funds .

Active ecosystem and retrospective public goods fundraising

Although reward early contributors 、 Investors and ecosystem participants are important , But there is nothing like helping Optimism It is more important for the builders of system development to provide active incentives or retrospective public product fundraising .

Ecosystem Fund

Ecosystem fund is the inevitable product of retrospective public goods fundraising that we are familiar with . Active funding aims to stimulate builders' future work in the ecosystem .

Of the total token supply 25% Will be used to build Optimism Collective The ecological system . This will be assigned to Optimism Collective、 Ecosystem partners identified by the foundation 、 Seed funds for early projects and active distribution in the future .

stay OP After the initial distribution of tokens , The ecosystem fund will not receive any additional funds . The team is optimistic , Wait until the funds run out 、 Support and construction are in progress , It can transfer funds to private investors , They will get a return by tracing the fundraising model .

Retroactive public goods fundraising

Optimism For most of its recent history, it has been tracing public goods fundraising , They were last year 7 Month announced , All the revenue generated by block sequencing will be used for this . up to now , Has provided more than 100 Million dollars .

In addition to the revenue from block sorting ,Optimism Will also 20% Of OP Token supply is initially allocated to retrospective public goods fundraising . It is expected that this retrospective will be carried out quarterly , Focus on ensuring composition Collective Our communities and companies receive fair returns based on their influence .

In order to understand Collective All the power of , In order to truly demonstrate its potential as an agreement , We must enter the economics of agreement .

Agreement economy

Users who interact with the protocol will incur transaction costs , Even without OP Tokens can also raise money for public goods . but OP Tokens are lit Optimism Collective Become a public product fundraising “ power ” Fuel for , Build a flywheel that can create large-scale and lasting change .

Because we believe that strong public goods can bring rich ecosystems ,Collective Seek to generate value through an elegant and simple virtuous token economic cycle :

Sequencing costs generated through the agreement are a source of sustainable revenue , It will enable OP Our economy is booming , And then become a prosperous ecosystem .Optimism Building a community owned Web3 wallet ,Optimism Collective Hard connect public goods to their spirit and products , Turn agreements into public goods .

The first round of retrospective fundraising for public goods mainly focused on the tools and infrastructure within the Ethereum ecosystem , This will bring dividends to future builders and users . When we encourage participants to focus on new social and economic coordination models , When building a strong ecosystem , We can get the help of raising funds for such public goods .

Optimism Collective

The way we trade in the ecosystem must be related to how we participate in this “ Playground ” Our overall vision and spirit are consistent .

Driven by the agreement , The Collective It is developing into a fully motivated community , It provides sustainable funding for those who plant early seeds in the ecosystem .

We can choose to support agreements that are building innovative governance structures , To serve the greater interests .

Source：https://medium.com/bankless-dao/optimism-powers-cryptos-newest-collective-5955a0d3ff4c

About

ChinaDeFi - ChinaDeFi.com It's a research driven DeFi Innovation organizations , We are also a blockchain development team . From all over the world every day 500 Close to a good source of information 900 In the content , Looking for deeper thinking 、 Sort out more systematic content , Provide decision-making assistant materials to the Chinese market at the fastest speed .

Layer 2 friends sharing same hobby - Welcome to Layer 2 Interested blockchain technology enthusiasts 、 Study and analyze people and Gavin（ WeChat ： chinadefi） contact , Discuss together Layer 2 Landing opportunities . Please pay attention to our official account of WeChat “ Decentralized financial community ”.

[ Failed to transfer the external chain picture , The origin station may have anti-theft chain mechanism , It is suggested to save the pictures and upload them directly (img-LTlCJtvs-1658810786376)(/Users/mac/Desktop/image-20220429123349102.png)]