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Protocol Guild

Project

0xE5...9d0F
protocol-guild.readthedocs.io

A collective of Ethereum's active core protocol contributors

Appears in
95 ballots

Contribution

As a rollup, Optimism leverages Ethereum for settlement & security assurances. It also uses several core infrastructure components (client implementations, specifications, test suites, etc) developed and maintained by Protocol Guild contributors over the years. Optimism also directly benefits from protocol upgrades such as proto-danksharding (EIP-4844), which will reduce the fees its users need to pay. All of this work supports a mutual relationship; - Ethereum provides an infrastructural foundation with particular characteristics (eg social, political, technical, economic) that only it can provide - Optimism produces lower-cost blockspace, while still inheriting some of Ethereum's characteristics, but at the same time allowing for more experimentation

Contribution links

    github

    Main repository for Ethereum’s core protocol development

    world

    Podcast deep dive on why something like Protocol Guild needs to exist

    world

    EthCC prez covering the past, present & future of Protocol Guild

    world

    Guild member eligibility framework (requires 6+ months of core protocol work)

    world

    EIP for proto-danksharding, which will significantly scale Ethereum’s L2s

    world

    Research work for danksharding, to scale L2s by orders of magnitude

    world

    EOF spec, enabling opcodes for more efficient & secure development on Optimism

Impact

- Optimism can rely on Ethereum for settlement & security assurances, in no small part due to the research & implementation work that went into migrating to Proof-of-Stake, which helped make Ethereum the most secure & decentralized smart-contract platform - Guild members' efforts to reduce rollup fees through proto-danksharding & danksharding will expand Optimism's use-cases and user base - Optimism’s execution engine is a fork of Go Ethereum aka Geth, which is maintained by Guild members - Optimism leverages the Ethereum Virtual Machine with its EVM-equivalent architecture, making Optimism's ecosystem more accessible to builders - Ethereum's core protocol development has played a key role in establishing Ethereum's prominent reputation, lending credibility & legitimacy to Optimism as well

Impact Metrics

  • Gas savings factor on OP vs Ethereum
    59
  • Total Protocol Guild members
    150
  • Total gas spent by OP to settle on L1
    730B
  • ETH saved / day on OP (7-Day MA)
    22K
  • Total years contributed by Guild members
    510
  • Avg hard fork upgrades per year
    2.5
  • # of client teams
    10
  • Transactions on Ethereum
    2.1B
  • Smart contracts created on Ethereum
    65M
  • Post-merge carbon footprint reduction %
    100
  • Staked ETH securing Ethereum (USD)
    44B
  • Total value secured on Ethereum (USD)
    340B
  • OP onchain value secured by Ethereum USD
    2.7B
  • Funding sources

    RetroPGF 2
    557,301.00 OP
    Other
    ~$12mm raised from 5k donations: https://dune.com/protocolguild/protocol-guild
    12,000,000.00 USD