EF 108: Optimistic Respect-based Executive Contract

What is the future of onchain governance? Explore OREC, the new Optimistic Respect-based Executive Contract that simplifies decision-making with unprecedented coordination and decentralization 🏛️📜

RSVP: https://lu.ma/optimystics
Videos: https://edenfractal.com/videos

Optimistic Respect-based Executive Contract (OREC) is a smart contract that executes transactions on behalf of an organization or community that has a non-transferrable reputation token, which the community calls Respect. This allows communities to easily make collective decisions and onchain actions with a high degree of decentralization.

OREC is the core mechanism of a new software package ORDAO (Optimistic Respect-Based DAO). Learn about ORDAO at a recent Eden Fractal event: https://youtu.be/jYcMpadnaZA?si=gGB3IAb98oq35DwS&t=4129

ORDAO Github repo: https://github.com/sim31/frapps/tree/main/concepts/apps/of2
OREC Github repo: https://github.com/sim31/frapps/blob/concept-for-of28-1/concepts/OREC.md
Timestamps
0:00 Welcome everyone to Eden Fractal
0:59 Overview of Eden Fractal
4:24 Optimism Fractal is a co-winner of Hats Protocol's Hatathon. Shoutout to Jacob for teaming up to help with this
5:25 Dan shares screen on OREC, today’s main topic. Dan encourages people to learn about ORDAO. Dan mentions a proposal with a consent based decision process, OREC completes this.
9:05 Patrick likes momentum with what’s happening between Tadas with OREC and Jacob with Hats.
11:02 Eric has been working on community systems, setting these tools up for a key element. Gives details on what he’s been working on, early stage life science companies. Interested on what we’re doing here could be a critical structure. We’re doing symposium everyone is welcome to, they are being done remotely and free
14:12 Tadas asks Eric if he is aware of the app Abraham is working on as it may be helpful.
15:25 Eric adds more details how he’s starting with non-profits.
17:52 Dan thanks Eric, and thinks he’ll get good results with our builders. Dan mentions that Abraham is building a front end that will work with Tadas app. Dan mentions Tadas put out a poll to get some assistance.
20:14 Rosmari adds that Will also said he could help with user interface
21:18 Tadas shares screen on OREC, next version of Optimism fractal contract. Tadas starts with problem that OREC resolves - onchain messages, voting, voter apathy, typical bandaid arbitrary quorum. Shows screen on some solutions being used in Vlad’s app. Explains contributor model. OREC proposed solution - very weak quorum requirements, time delay. Gives details and results. Tadas Explains OREC context.
32:02 Tadas shares full picture and explains Decisions by consent.
38:08 Patrick asks for clarification on full picture 1 and 2.
41:56 Dan thanks Tadas for overview of OREC. Dan talks about 9 step document that explains how this system works. Dan gives user perspective for this new app.
46:59: Dan asks what are the roles of the Ornode and the Orclient.
47:48 Tadas responds to Dan, both of them are off chain components. Ornode is direct side component and Orclients are client and user browser
49:51 Dan mentions two things that he loves about OREC. 1 is he thinks that it unlocks next level of decentralization. Imagines in very useful both in small and larger organizations, 2- the other benefit is deploying auxiliary Respect tokens.
52:27 Tadas responds to Dan. Good ideas, had thoughts if Token house in Optimism Collective could possibly use it.
53:32 Patrick comments, great dao. Patrick mentions upcoming discussion on interview.
56:15 Vlad comments OREC is very interesting, gives his comments on how it passes proposals. Whether it’s too easy or too difficult to pass.
58:00 Tadas responds to Vlad, spamming could only be done by a Respect holder.
59:51 Dan thanks Vlad for questions and thoughts. Dan comments both Vlad and Tadas app are both competing and collaborative,
Group shares thought on competition, as well as complimentary
1:03:06 Dan asks Tadas about next steps for OREC
1:04:06 Tadas recently shared a poll in Optimism Fractal on what to work on next. Option with most votes were more presentation of ORDAO
1:07:32 Dan states we can use and test it in the next weeks, thanks everyone for thoughts.
1:08:55 Tadas mentions that he might have learning sessions coming, keep up on optimism fractal discord
1:10:52 Dan looking forward to Patrick’s interview
1:11:59 Dan shares closing presentation, encourages everyone to check out frapps repository [GitHub.com/sim31/frapps](http://GitHub.com/sim31/frapps) for additional details on OREC. Dan mentions Tadas also shared more info in Optimism Fractal discord. Dan shares screen on what Vlad is building as well. Shares snapshot poll, giving details on polls. Reminds everyone Eden Fractal is bi-weekly, encourages everyone to join Optimism fractal tomorrow.
1:17:48 Vlad comments sometime in September he’ll be happy to present the application as well.
Go Eden fractal!
Go OREC!

Видео EF 108: Optimistic Respect-based Executive Contract канала Eden Creators