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title: Untitled
tags: [Endgame Video Summaries]

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tags: Endgame Video Summaries
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## Summary of [Open Decentralized Voter Committee | 7.12.22 | Oracles OCU Roadmap & Initiatives on Endgame](https://www.youtube.com/watch?v=DEAk4VPZfeI&list=PLLzkWCj8ywWMJ8ImSqKaYf-87Mx7gOkaF&index=20)

### Disclaimer
This is an [AI generated](https://www.summarize.tech/) summary. No manual curation has been done. There may be inaccuracies. 

### Summary
00:00:00 Oracle's core unit has rewritten everything from the ground up in order to professionalize the system and prevent any assumptions from being violated. Additionally, they've come up with additional oracle types.

00:05:00 The Open Decentralized Voter Committee is continuing its initiatives this year, focusing on gas-saving measures and improving the oracle contracts.

00:10:00 The video discusses the need to create a more accessible oracle system, as well as the need to create a brand for the product. It also discusses the need for improved governance procedures in order to protect the oracle system from potential legal issues.

00:15:00 The Open Decentralized Voter Committee is a project that aims to improve the quality of voting in decentralized applications. They will be co-sponsoring along with other maker units at the Warsaw Ethereum conference. They will have the maker logo alongside the Chronicle logo, soft launch announcements at ETH Warsaw, and a presentation on their findings.

00:20:00 The presenter explains that the oracle network is blockchain agnostic and can handle a variety of data formats. The oracle network can be used for real-world assets such as prices, signatures, and attestations.

00:25:00 The video discusses the Open Decentralized Voter Committee, which is a project that aims to create a decentralized voting system. There are still some questions that need to be answered, such as how the voting system will work and how it will be legally structured.

00:30:00 The Oracles OCU Roadmap & Initiatives includes plans to increase the feed stipend for public oracles.

00:35:00 The author of the video discusses the need for decentralized voter committees in order to make decisions on which blockchains to support and how to allocate resources. He budgeted for an increased feed stipend in order to cover increased costs associated with running such committees. He also mentioned that adding more feeds to oracles' consensus algorithm is not really necessary because the number of votes a voter has is more important than the number of feeds they are using.

00:40:00 The Open Decentralized Voter Committee (ODCV) is working on a roadmap and Initiatives to improve the efficiency and security of the oracle smart contract. They believe that by increasing the quorum to 21, costs will be reduced and more feeds can be onboarded. They are also exploring ways to reduce risk exposure to the protocol by simulating EVE 2.0.

00:45:00 Frank provides an architectural view for best practices integrating real world assets in the Oracle Framework, and states that he is still unsure about what a stereotypical real world asset looks like. He also states that there need to be actors involved in order for the Oracle Framework to work, including the core unit and himself. If a feed is not performing well, the team has informal mechanisms in place to let the feed know and threaten them with off-boarding.

00:50:00 The Open Decentralized Voter Committee discusses its roadmap and initiatives, which include cost-cutting initiatives and a focus on sustainability.

00:55:00 The speaker discusses the challenges of planning and the importance of certainty in decision-making, particularly with regards to budget cuts. They suggest that core units undergo a grace period following a budget reduction in order to minimize uncertainty and damage to the protocol.

01:00:00 The video discusses the idea of decentralizing voting and governance, and offers possible scenarios for how this might happen. The Oracles Community Union (OCU) is a proposed initiative that would allow for the decentralization of voting and governance. Some delegates feel that OCU is a good idea, but others are wary of its potential consequences.

01:05:00 The video discusses the question of how revenue should be shared between the protocol and independent oracles. It says that the delegates are considering a revenue sharing agreement approach.

01:10:00 The speaker discusses the topic of oracles, which are decentralized voter committees that aim to provide a more traditional open source framework for voting. He points out that oracles are one of the first projects to try this new revenue sharing model and that delegates need to be careful to structure their projects properly in order to avoid conflicts of interest.

01:15:00 The video discusses how migrating from a revenue generation model to an "endgame" model will require a lot of clarity about the different moving parts, and suggests that attendees of the upcoming meetings should "put their head down and read up on some of this stuff."

01:20:00 The presenter discusses the Open Decentralized Voter Committee (ODCV) roadmap and initiatives, noting that while it has some benefits, there are also some significant risks involved. He encourages participants to think about the implications of what they're designing and the future potential of the metaverse.


