Open Source Observer is working with the Optimism Collective and its badgeholder community to develop a suite of impact metrics for assessing projects applying for Retro Funding 4.
Introduction
Retro Funding 4 is the Optimism Collective’s first experiment with Metrics-based Evaluation. The hypothesis is that by leveraging quantitative metrics, citizens are able to more accurately express their preferences for the types of impact they want to reward, as well as make more accurate judgements of the impact delivered by individual projects.
In contrast to other Retro Funding experiments, badgeholders will not vote on individual projects but will rather vote via selecting and weighting a number of metrics which measure different types of impact.
The Optimism Foundation has published high level guidance on the types of impact that will be rewarded:
- Demand generated for Optimism blockspace
- Interactions from repeat Optimism users
- Interactions from Optimism users with high trust scores / onchain reputations
- Interactions of new Optimism users
- Open source license of contract code
The round is expected to receive applications from hundreds of projects building on six Superchain networks (OP Mainnet, Base, Frax, Metal, Mode, and Zora). Details for the round can be found here.
At Open Source Observer, our objective is to help the Optimism community arrive at up to 20 credible impact metrics that can be applied to projects with contracts on the Superchain.
This page explains where the metrics come from and includes a working list of all metrics under consideration for badgeholders. We will update it regularly, at least until the start of voting (June 23), to reflect the evolution of metrics. The first version metrics was released on 2024-05-16 and the most recent version (below) was released on 2024-06-24.