this post was submitted on 03 Jul 2023
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Somewhat interesting development: https://publicgoods.network/ Looks like the public goods funding projects (Gitcoin, protocol guild, clr.fund, giveth. etc.) have built a new L2 on the OP stack. The differentiator as stated is that the majority of sequencer fees will go to public goods in an effort to secure more sustainable public goods funding. The details on the governance mechanism are scant so far from what I can find, and execution there in my estimation will make or break this idea. I will say I like the idea of sequencer fees being directed towards public goods rather than just a few VCs pocketing them which seems to be the current trend in the L2 industry, but introducing governance there also opens up a very large can of worms and will be interesting to see how they intend to keep that credibly neutral and prevent capture
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I think by "govern" they just mean the network is being run by pg project (Gitcoin, protocol guild, clr.fund, giveth. etc.)
There will have to be governance to decide how the funds get distributed to public goods. I think there is an "alliance" formed of public goods projects that may then just be whitelisted to run sequencers and use the revenues as they see fit. Even there there's governance around who gets on the whitelist. Any other distribution method would require some form of governance as well with varying degrees of complexity. Will have to wait and see how they plan to handle that stuff.
For voting on allocations I have a feeling Octant may be involved