Delegate Kick-Off Call Summary

Hey Delegates!

Thanks to everyone who joined the Delegate kick-off calls on Tuesday! It was great to meet some of you and to answer some of your questions that you have so far. As promised, below is a summary of the call discussion points.

The main topics discussed in the call and are summarized below include:

  • The future of standing Delegate calls
  • Q&A from Delegates in attendance

Please note that a few questions were combined and rephrased into a clearer “FAQ” format.

Additional Note: Gov Team = ZKsync Governance Systems Team

Call Format & Cadence

Re Format:

In regards to format for these standing delegate calls, there were two main themes in the responses: updates & discussion.

  • Updates on:
    • Status of active proposals
    • Each other / focus for near-mid term
  • Discussion around:
    • Upcoming / draft proposals
    • Pressing topics: e.g. governance procedure, global ecosystem updates

What still remains unclear for the feedback collected was if these calls should be more for general Delegate updates and discussion, or if they should focus more on reviewing proposals.

There were two Delegates who made the suggestion that it might be a good idea to hold separate calls to discuss specific proposals, and leave the standing call for general discussion and coordination. This could be a really helpful way for proposal authors to get even more direct feedback from Delegates on their proposals.

Re Cadence:

Each call had a different preference for the cadence of the standing Delegate calls. I think it would be helpful to first settle on the purpose of the calls (outlined above) before determining which cadence would make sense, but this is still a helpful starting point.

  • Call 1: Bi-weekly
  • Call 2: Monthly

Call Schedule Proposal:

  • Monthly Standing Delegate Calls: Focus on general Delegate updates and discussions. Ask each other for support or identify areas to work together.

    • Cadence: Monthly
    • Timing: For now will plan to host on Tuesdays
    • Host: Shelby can host the first few calls, but will hand over to Delegates to run themselves eventually.
  • Ad-hoc Proposal Review Calls: Focus on discussing specific proposals

    • Cadence: As needed/when new proposals are posted
    • Timing: Ideally this call would take place before a proposal is submitted onchian, and the proposal author(s) should be present to discuss as well.
    • Host: Delegates in cooperation with the proposal author(s)

This proposal is open for feedback and counterarguments. If there are no major objections, I will plan to schedule the next Standing Delegate Call in a month with this format, and will leave the scheduling of Proposal Review Calls up to Delegates and proposal authors to coordinate as needed.

Frequent Questions and Answers (FAQs)

What happens if I don’t have 21M tokens delegated and want to submit a proposal?

To submit a proposal, Delegates must meet the proposal submission threshold of 0.1% or 21 million ZK of the total ZK token supply (21 billion). If a Delegate does not meet the threshold, or the author is not a Delegate, they can find a Delegate to sponsor and submit the proposal on their behalf. Delegate profiles can be viewed at delegate.zknation.io.

Are there proposal templates?

Yes! You can find links to each of the three proposal templates linked in the corresponding Guideline overview for each proposal (ZIP, TPP & GAP). You can also find all three templates here. The ZKsync Association recommends Delegates read both the Guidelines and templates for each proposal type.

Is there any off-chain voting?

All governance is onchain. There is no “off-chain” governance that takes place on Snapshot, for example. Instead, the GovOps Governor allows for the delegated voting power conveyed by the ZK token to be used to vote on Governance Advisory Proposals (“GAPs”), that do not have direct onchain consequences.

GAPs provide legitimacy to off-chain decisions through onchain Token Assembly Delegate voting. These types of decisions could include ratification of changes to canonical governance documents, elections or nominations, deciding to connect an external application or interoperable chain to ZKsync governance. Read more about GAP Guidelines.

Will the Association write and submit proposals?

The Association will be focused on supporting the three bodies of governance to brainstorm and draft proposals. The Association will be more of a resource, or “utility provider” to the governance system, rather than participating in governance directly.

Have investors delegated and do they plan to vote?

All voting power related to vested tokens, whether locked or unlocked, can be delegated. The ZKsync Association has been made aware of multiple investors who have delegated or are in the process of delegating their token voting power.

Are we expected to make a Delegate post on the forum?

There are a few Delegates who have started a Delegate Communication thread on the forum under the Delegates category. Delegates are welcome to add a thread themselves, but it is not mandatory. Delegates are welcome to use this space in a way that works for them best!

The Gov Team does encourage all Delegates to make sure your Tally Delegate profiles are up to date and include as much detail as possible (e.g. areas of focus, bio, description of values/focus, relevant links). This helps other members of the Token Assembly find Delegates that align with their values to delegate to, as well as allows other Delegates to search for like-minded

Why is liability protection needed for Delegates/why was the Association Membership set up the way it was?

Delegates can opt in to become a member of the ZKsync Association, an ownerless, non-profit association. This is a new model to address potential personal legal liability of Delegates for decisions made in connection with the Token Assembly. This model was inspired by the need to address concerns and hesitations around governance participation that arose after the Ooki DAO case in 2022.

Disclaimer: The legal and regulatory environment regarding governance participation is still very volatile. There is no guarantee for complete liability protection. Risk tolerance varies for each individual and should be evaluated on a personal basis.

How long should proposal be on the forum before being submitted onchain?

Proposals should be discussed and reviewed before they are submitted onchain for voting. While there is currently no official length of time a proposal needs to be on the forum under review before being submitted onchian, the Gov Team encourages Delegates to use common sense here. It is important to note that if a proposal is rushed to onchain submission without ample time for the community to review and provide feedback, this will decrease the chances of it passing.

Rule of thumb: The length of time a proposal needs to be on the forum before being submitted onchain should correspond with the significance (complexity of an upgrade, amount of funds being requested) of the proposal being submitted.

Are there any open proposals?

As of September 19th 2024, there are no proposal drafts on the forum or submitted to onchain governance. However, the Gov Team has been informed of some proposals that may be posted on the forum by the next week, ending on September 27th 2024.

What are the immediate short-term goals for ZKsync governance over the next 3 months?

The ZKsync Governance North Star outlines the purpose and primary goals of the ZKsync governance system. Ensuring that protocol upgrades can be executed without any issues will also be a priority, as protocol governance will always be the priority of the ZKsync governance system.

When drafting proposals, the primary goals listed in the North Star along with the vision outlined in the ZK Credo should be kept in mind.

Will the ZK token be involved in the decentralization of the network, decentralizing the sequencer etc?

The specifics of the ZK token relationship to decentralizing the sequencer need to be discussed, decided & voted on through the protocol governor.

What will the ZKsync Governance Systems Team be focused on over the next few months (~3 month)?

Now that governance has launched, the Gov Team is focused on onboarding stakeholders to governance and figuring out the best way to support each of the governance bodies.

The Gov Team refers to the ZKsync Governance North Star while planning initiatives, and encourages Delegates to also do the same.

What about “grants”?

Proposals Token Programs are meant to activate new token mechanics. ZKsync Token Programs are not meant for one-time grants, one-time events, or a specific MVP. Instead, they are focused on deploying executable contracts that create flows of ZK into the ecosystem.

Examples: Incentive program that deploy contracts that distribute funds based on onchain KPIs to qualified recipients.

If you have an idea for a smaller project, try to think bigger to see if it can be transformed into a Token Program. Read more about Token Program Proposal (TPP) Guidelines.

Are any builder support programs planned (grants or others)?

Currently, no. This could be a great idea for a potential Token Program!

Is there a treasury?

No. The Token Assembly (comprising token holders and Delegates) has been allocated 29.3% of the total ZK token supply. Instead of distributing funds from a pre-minted treasury, this allocation is accessed by minting new tokens through the ZK token contract, managed via the Token Governor.

For most onchain organizations, tokens are minted at launch and passively held in wallets/in a treasury. ZKsync uses capped minters. Instead of minting the entire supply of tokens at once, capped minters have “just-in-time minting.” This design allows new interaction models, such as connecting smart contracts that burn and mint ZK tokens autonomously. You can find more information on the initial token distribution on the ZK Token page of docs.zknation.io.

Who has the power to distribute ZK?

All proposals are onchain and require the approval of the Token Assembly. The Token Governor is responsible for executing Token Program Proposals (“TPPs”) that assign minting and burning rights of ZK tokens for token programs that are aligned with the Token Program Guidelines, and help achieve the goals supporting the vision of the ZK Credo. The Token Governor is governed by the Token Assembly (i.e. token holders & Delegates).

The Guardians may exercise an onchain veto on any proposal submitted to the Token Governor or the GovOps Governor (“Onchain Veto”). With the signatures of five (5) Signers on the Guardian Multisig, the Guardians have the power to execute an Onchain Veto by calling the cancel function from the Guardian Multisig, which means the proposal cannot progress towards execution.

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Thanks for the summary @theshelb

  • Can there be a public calender which allows delegates to be updated on these calls?
  • Is there a telegram group/other channel for the delegates to communicate?
  • Where can links to these calls be found in the future?
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Hey @jengajojo - great questions!

If there are no major objections to the proposed call schedule outlined above, I can create a public calendar that Delegates can subscribe to that would have the standing calls on them if that would be helpful.

The Governance Systems Team is working on creating a “ticker-style” Telegram group to send important governance announcements/reminders to. Any Delegate will be welcome to join the group, but that will be for comms only, no discussions. Discussions should happen on the forum! :smile:

If someone is subscribed to the public calendar, the call links should always be available there.

Hope this helps!

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This would be great! We find DAOs that do this to be really helpful. The telegram group also would be quite helpful.

Could you expand here more on how delegates can opt in to the ZKSync Association? We have added our interest in being included on our delegate profile but we assume there is likely something else to do?

Thanks and looking forward to attending future calls!

Thank you very much for the detailed summary on the first call.

I was wondering if there is a public document on the ZK Sync Goals and KPI doc, the one linked in the public site is only available to certain users.

Thanks!

Agree with this. A public calendar we can share and subscribe to would be helpful.

There is one on Telegram already: zkSyncDelegates.
Not sure if the group is public. If not, feel free to DM me @thecaphimself on Telegram and I’ll add you.

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Hey there! Yes, it is supposed to link to the Governance North Star page on the docs. I have submitted a PR to fix the link. Apologies for the confusion.

Thanks for the input!

The TG @cap is mentioning was created by Delegates for Delegates. While I am in this group, this is not an “official” TG group from the Governance Systems Team (Gov Team). All info or updates in relation to Delegates or governance the Gov Team will always be shared on the forum so everyone has access. The ticker-style TG group that I mentioned is in the works will also be available for anyone to join (link will be posted on forum when ready).

Update on standing calls:

Hey everyone! I wanted to share a quick update after giving more thought and gathering feedback regarding the standing Delegate calls.

:star2: Focus of these calls

It still seems like a supported idea to reserve these calls as a dedicated time and space for Delegates to discuss broader topics, share updates, and engage in general planning and coordination.

Discussions around specific active proposals can be done in other calls that either Delegates or the proposal authors choose to set up.

:arrows_counterclockwise: Cadence

The new plan is to try having bi-weekly calls, rather than monthly calls. Reasoning being:

  • To provide more touch points early on to help delegates build relationships and find ways to work together.
  • Not every Delegate will be able to make every call, so providing more opportunities to join is important to keep momentum going on discussion
  • There are already some important “bigger picture” topics to be discussed (e.g. those highlighted in @drnick’s recent post) that may be helpful to discuss as a group on the call sooner rather than later

The call cadance can be adjusted at any time per wish of the Delegates.

:clock530: Time

The standing calls are currently scheduled to take place at 5:30pm CET / 11:30am ET / 8:30am PT. This time was chosen based on where the majority of the active Delegates who joined the Kickoff calls or who have been in touch otherwise are located.

Apologies to any of the Asia-based folks, as I know this gets a little late on your side (e.g. 10:30pm ICT).

:memo:Format/Agenda

As a way to try to co-coordinate the agenda, the Friday before the call I can post a thread on the forum to start collecting ideas for discussion topics to add to the agenda. Folks can add their suggested topics along with reasons for including them, and others can “upvote” by liking posts to help prioritize items for the agenda.

I will update the forum post the day of the call with the new agenda based on results from the forum. I will use that agenda as a guide to help facilitate the call.

:person_raising_hand:Facilitation

I can happily facilitate this first call, but will be primarily there to present the co-currated agenda and help keep discussions moving along. Remember, this is your time and space to share thoughts and ideas with each other.

Note: Eventually, the goal is to have Delegates take over running these calls, including preparing agenda and sharing notes. Ideally, I (or someone else from the Gov Team) will still attend to help answer questions and see where support may be needed, but the Delegates will take this over and make it their own.

:writing_hand: Recording

To simplify note-taking, I plan to record the call to generate a transcript, which I’ll condense into a summary of key points to share on the forum. The recording itself will not be shared and will be deleted after the notes are complete. If anyone has concerns about this, please let me know in advance. If you’d prefer the recordings to be saved and shared somewhere moving forward, feel free to discuss it and let me know.

:spiral_calendar: Delegate Call Calendar

I have created a “ZKsync Delegate Calls” calendar which you can subscribe to here! If there are other calls you wish to add to this calendar for visibility of all Delegates, such as proposal review calls or other ZKsync Delegate-related calls, I am happy to add them to this calendar as well. Please reach out to me or tag me on the forum if you would like something to be added to the shared calendar.

As always - your thoughts, feedback and criticism are welcome! :blush::dizzy:

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