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Lens Protocol Releases Open Governance Framework

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Lens Protocol Releases Open Governance Framework

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Lens Protocol, the decentralized social media protocol from the staff behind Aave, opened as much as governance proposals from the general public on Thursday.

The Lens Enchancment Proposal (LIP) course of borrows closely from Ethereum’s EIPs, permitting builders, creators, and protocol customers to publish proposed modifications and upgrades to the protocol.

“Because the Lens ecosystem grows, you will need to allow the power to take part sooner or later growth of Lens Protocol and set foundations for open governance and path in the direction of decentralization,” Lens stated.

Lens is constructing an open and decentralized social graph protocol, enabling third-party builders to construct out purposes, content material supply algorithms, and different options on high of it. Lens stated proposals that appeal to widespread group help could also be included into its developmental roadmap.

The transfer is a serious milestone for Lens, which launched its closed beta in October 2022 and raised $15M in seed funding simply final week.

Information from Dune Analytics exhibits Lens’ common day by day consumer depend has steadily elevated since its alpha launch in Could 2022. Day by day customers fluctuated between 3,000 and eight,000 in July, up from roughly 400 in January.

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Lens energetic customers

Nonetheless, day by day transactions have dropped to round 20,000 since Could after trending above 100,000 in February.

Stay Proposals

LIPs authored by Josh Stevens, a senior principal engineer at Aave and Lens contributor, are already dwell on GitHub.

Whereas LIP-0 advocated for establishing the formal LIP course of, subsequent LIPs suggest creating open technical requirements to speed up growth and allow interoperability throughout the Lens ecosystem.

“This uniformity will allow builders and researchers to work extra successfully collectively, lowering the effort and time spent on understanding and adapting to completely different proprietary methods,” Stevens wrote.

“We wish to be a community-ran venture with requirements formed by everybody.”

LIP-1 recommends requirements for constructing Lens-based algorithms to advertise interoperability and collaboration.

LIP-2 proposes increasing on the “flat” metadata construction at present utilized by the protocol with a number of requirements. The proposal would permit group members to develop new requirements on high of people who at present exist.

LIP-3 proposes requirements for sharing Lens-based profiles and publications inside the Lens ecosystem. The proposal spans a Lens App registry, a format for sharing Lens hyperlinks, and a consumer interface to deal with hyperlinks. LIP-3 notes customers have skilled lifeless hyperlinks because of how hyperlinks are formatted by cellular or web-only purposes on Lens.

Lens additionally started beta-testing Momoka, its bespoke Layer 3 scaling answer, in Could. Momoka allows Lens content material to be saved off-chain to considerably scale back transaction charges.



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