In this blog post we delve into ORDAO, a state-of-the-art set of EVM smart contracts designed to facilitate a decentralized onchain governance system for Optimism Fractal and other communities.
We will explore the innovative features that ORDAO introduces, including its core component, the Optimistic Respect-based Executive Contract (OREC), which facilitates community-driven decision-making through a consent-based voting system. This article outlines the deployment details, functionalities, and potential impact of ORDAO on decentralized governance, offering valuable insights and resources for those interested in this groundbreaking software.
Join us as we delve into the transformative possibilities that ORDAO presents for fostering community engagement and governance with the Respect Game and Respect. Explore the resources and videos below to learn more!
Table of Contents
ORDAO is a code name for a new version of Optimism Fractal software, not yet officially adopted by the community. The core component is OREC (Optimistic Respect-based Executive Contract), which allows for truly decentralized, onchain execution of transactions based on community voting with an innovative consent-based voting system.
The ORDAO app features a set of EVM smart contracts built with the intention to transfer ownership of the Optimism Fractal community account and onchain decision-making powers to the current Respect distribution of Optimism Fractal. It uses a non-transferable, non-fungible token (NFT) system for Respect, which includes metadata about when and how the Respect was earned.