OIP#3: Obol Collective 2025 Goals - Proposal -

[stefa2k]

Preamble

It is important to have the DAO agree on principles and have achievable goals to work towards to prosper results. My thoughts put into writing on this OIP in this post will be mostly critical to make it easier and faster to read, please take no offense if I sound too direct and/or trimmed down. I also checked values with other sources best to my knowledge. I highly value this amazing OIP.

SQUAD

I see SQUAD as a set of guiding principles that help Obol around shared values like strategy and autonomy. However, it’s not well-suited for concrete goal setting.

For defining and tracking actionable goals, a structured framework like SMART SMART criteria - Wikipedia is more effective and clearer.

The vote will be on both segments: principles and goals.

A

A.1

@Obol-Association

Success Metrics: Make Obol DVs 25% of the Protocols Stake share.

This would be 9,375 % of total Ethereum stake. To achieve this in this calendar year (with only 9 months left) it would be a huge success. In my opinion this goal is not realistic – but this is highly subjective.

A.2

@Obol-Association

Details: Bring the benefits of DVs to ETFs, insurance providers, custodians, large node operators, and centralised exchanges. Institutions represent the second biggest Ethereum stake after protocols at about 36% according to Hildobby’s staking data. This share is expected to increase with staking ETFs in the US on the horizon. While Obol has been heavily testing with major operators well positioned with institutions, mainnet adoption remains low. Example workstream: Partnerships with major operators and exchanges (e.g. Bitcoin Suisse, Figment, Coinbase, OKX, etc) for staked ETF offerings leveraging Obol for secure, distributed validation.

How do you get to 36 % with the referred dashboard?

@Obol-Association

Success Metrics: Make Obol DVs 10% of the Institutions Stake share.

Is there data on the current progress on this to put the 10 % goal into perspective?

A.3

@Obol-Association

Success Metrics:

1. 20 new community squads

2. 50,000 ETH running on Obol DVs.

The missing necessary tech stack here makes this unachievable as well. Building a more flexible tooling (e.g. creating keys after cluster creation is not possible right now) will take time. Furthermore, this goal is highly dependent on new inflows to staking in general which are stagnating right now for several reasons.

B

B.2

@Obol-Association

Success Metrics: Post all technical projects and bounties publicly and open access to anyone in the Collective through a grants and bounty management program.

I don’t think this is a meaningful measure and the adoption of Obol outlined in A will push this, nonetheless. Is this an action item and not a goal?

C

C.1

@Obol-Association

Details: Complete the token generation event (TGE) and any unlock stages without undermining the protocol or community trust.

Metric: Listing on major CEX exchanges, enabling of staking and unlock as per OIP#1 and OIP#2

Please add what “major CEX” means in terms of trading volume, market penetration, somewhat more tangible than “major”. The current state of this goal is not measurable. Also, the outline in “Details” don’t match the metric, especially “without undermining the protocol or community trust”.

C.2

@Obol-Association

Metrics:

1. Contract 1 major marketmaker for both onchain (e.g. Arrakis Finance Pro) and offchain liquidity (e.g. Wintermute, GSR, etc.).

2. Deploy stOBOL as collateral on one major DeFi Protocols (e.g. Morpho)

I’m missing precisely measurable metrics here.

D

D.1

@Obol-Association

Metrics:

1. Enable delegates taking a portion of OBOL staking rewards as payment for their participation in the Collective.

2. Enable staking rewards only to token holders delegating to “Active Delegates” as defined by a Karma Score or similar.

These are action items, not metrics. We could use a metric like “having n delegates active on the form” but this also draws attention to score manipulation. Do AI generated responses add value when delegates just put the whole thread in ChatGPT and paste the response on the forums here? I guess not. But this issue is something that a working group can focus on.

I would love to see delegates getting some of their efforts paid for. Thinking through proposals in detail and working with new ideas is time consuming after all.

I’d suggest removing the action items and putting metrics there:

• having 10 delegates reviewing each OIP in detail with a pro/con approach and factual arguments

• get 2 OIPs additionally to OIPs drafted by the Obol Associates per voting cycle

D.2

@Obol-Association

Success Metrics: 5 grants given out by the Obol Association that support one of the SQUAD goals.

I believe this goal is an action item to achieve other goals. I suggest removing D.2 completely from this proposal. Grants should be geared toward a goal; they shouldn’t be a goal itself.

Action Plan

@Obol-Association

April 24 onward:

If the result of the voting process is positive, Implementation begins. Upon successful signaling, workstreams aligned with the approved SQUAD Goals will kick off. Coordination and progress tracking will be conducted in public forums, with regular updates provided to ensure transparency and accountability to organize what needs to happen next.

This is a bit too vague for my taste, could you elaborate on this in more detail please?