Optimism announced the launch of a new governance portal called Agora Optimism. The portal, built by Agora, aims to bring Token House votes to the full chain from the previous governance portal.
The transition to fully on-chain voting
According to User Manualthe Optimism Collective makes decisions through governance proposals that are either accepted or rejected through the voting process.
Optimism, a layer 2 portal on Ethereum, has a portal from which they are now migrating to a custom chain voting solution. Here, all governance proposals are put to the vote.
Previously, Token House voting was done on a five-week cycle for all proposals. Anyone can submit a proposal to Optimism’s governance as long as it is valid and they follow the proper voting process. THE User Manual describes the voting process and lists the correct proposal types.
According to Uniswap-Optimism Delegates Committee, there is an established procedure that is followed for any transition. The committee also outlines the roles and expectations of committee members and the criteria they must follow.
What is Optimism Agora?
Optimism Agora is part of Collective Optimism, a group of different entities working together to reward public goods and dispel the myth that they cannot be profitable. It takes a different governance approach and aims to build a sustainable future for Ethereum. It is also bound by a mutually beneficial vision that equates impact with profit.
The Optimism Agora portal describes itself as a “house of optimistic voters” which hosts Optimism Token House. It serves as Register of delegates and provide a platform for all Token House voting to occur on-chain.
The launch of Optimism Agora is the first step towards transitioning to fully on-chain voting. Additionally, the launch will improve the governance of DAOs and blockchains.
The Optimism Agora portal conducted a test vote that will run until February 16 before voting for the Bedrock Protocol upgrade in March.
The forum post was up until February 8 and set up for a 3-day instant voting poll before votes were finalized.
Optimism Governance recognized Agora for making the portal a reality.
How will the transition affect Optimism?
The main goal of the transition is to improve the governance process in DAOs and blockchain.
The portal will also serve as a delegate registry containing the contacts and addresses of contracted delegates.