11 million $ OP rewards! Optimism announced the fourth quarter of "Community Governance Experiment"

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Optimism, the Ethereum L2 expansion solution, will end the rewards for the third season in mid-April. As long as there is an agreement to obtain 0.25% of the voting rights and vote in the third quarter, you can get 1,500 OP. The third season also includes RetroPGF The second round of rewards, with a total value of 10 million OP tokens.

Further reading: Optimism: RetroPGF will distribute 10 million OP tokens, and 150 million OP tokens will be unlocked on 5/31

The fourth season introduces three new concepts

Optimism announced the details of the community governance experiment in the fourth quarter , introducing 3 new concepts, "intent", "task", and "alliance", which ensure the adoption of multiple decision-making models in governance, create an effective sequential framework to allow Optimism to move forward, and Ensure flexibility in the funding structure.

Optimism officially explained that when designing the governance structure of Season 4, it drew inspiration from governance experiments run on several other DAOs (mainly Gitcoin, ENS , and CabinDAO).

"intention"

Optimism officials believe that strategizing and prioritizing are key elements of any successful organization. The fourth season introduces the concept of "intent" , which represents the goal that the entire Optimism must strive for, so that the entire Optimism collectively aligns and focuses in the direction of a common goal. In season four, Optimism officials allocated a specific budget to each intent in order to support the most impactful proposals.

Intentions are mainly divided into four categories, with a total of 11 million OP allocated:

  • The progress of technology decentralization 1 million
  • 6 million innovative applications
  • Attract 1 million newcomers
  • Optimism manages 3 million

"Task"

A task is a concrete way to achieve or achieve one of the "intentions", and the team is executed by a specific set of contributors. There are two types of tasks:

  • Proposed tasks (26) must be submitted under each intent. Each intent will have its own budget for different tasks. Token House will then sequence the tasks until the budget under each intent is fully allocated.
  • Foundation missions (42) are missions formulated by foundations, similar to public proposals for partner funds. Foundation missions must also be directed toward either intent.

"alliance"

A coalition is a "group of people" on a mission, working together to accomplish a mission. A coalition can be a pre-established organization, or a group of contributors gathered specifically to complete a task. According to the official statement, the coalition needs to submit documents to prove that it is competent for the task. After the task is over, it can also get the allocation of funds.

The whole process is as follows. There are many tasks under different "intentions" to achieve it, and it is up to each alliance to achieve the task.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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