Utopia is live on Optimism a layer 2 Ethereum blockchain that is known to be lightning-fast and low-cost. It is building through the organization’s four pillars: simplicity, pragmatism, sustainability, and optimism.
Optimism is built by the Optimism Foundation, a nonprofit organization dedicates to growing the Optimism Collective (a new model for properly rewarding those who create or sustain public goods).
Furthermore, the Optimism community is one of the most dedicated builders focused on impact and growth. With over 1M dollars donated to public goods. They are also supporting Optimism DAOs and look forward to advancing toward the sustainability of public goods.
- Simplicity – to build with a minimum number of moving parts, optimizing for low overhead cost while focusing on a secure, as well as scalable, and flexible L2 system.
- Pragmatism – to be aware of real-world constraints and prioritize user and developer needs.
- Sustainability – to strive for long-term sustainability and scalability.
- Optimism – to work with continued optimism about the Ethereum vision and project.
Optimism enabling through an “Optimismtic Rollup,” a blockchain that piggybacks off of the security of another “parent” blockchain. Moreover, these roll-ups take advantage of their parent chains’ (Ethereums’) consensus mechanisms and make Ethereum transactions cheaper and faster.
Furthermore, using Optimism on Utopia is the same experience as eth-mainnet with no lessened functionality. As a result, any Optimism Chain DAO with a Gnosis Safe can use its full suite of features.
- Optimism DAOs can create recurring and 1-time payments on Utopia and pay them out in less than two clicks. Then, these two clicks make a transaction through Gnosis SAFE, paying the team’s recurring compensation.
- DAO multi-sig holders sign and execute the payment on Utopia without any gas! Its signing page lets multi-sig holders get a clearer picture of their Gnosis transactions and avoid paying gas individually.
- A Utopia payment request link shares with the community to avoid back-and-forth messages.
- DAOs can track and download their payment history – giving them a detailed breakdown of the DAO’s expenses.
- In July, Utopia will have a bookkeeping feature that will allow Optimism DAOs to categorize and get analytics on all their DAO transactions.
Utopia is a collaborative payroll and expense management for DAOs built on Gnosis Chain.
Optimism is a layer 2 Ethereum blockchain known to be lightning-fast and low-cost.