Merge branch 'master' into dependabot/npm_and_yarn/tar-fs-2.1.3

Author: realcodywburns

content/blog/2025-07-04-olympia-upgrade-draft-review/index.md

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+---
+title: "Olympia Upgrade: ECIPs 1111–1114 Open for Community Review"
+date: 2025-07-04
+author: Chris Mercer
+contributors: ["realcodywburns", "chris-mercer"]
+tags: ["announcement", "development", "hardfork"]
+---
+
+# Olympia Upgrade: Protocol Funding and Governance for Ethereum Classic
+
+![Olympia Upgrade](./olympia-upgrade.png)
+
+Ethereum Classic community developers have submitted a set of four Ethereum Classic Improvement Proposals (ECIPs) under the collective banner of the **Olympia Upgrade**. This coordinated protocol initiative introduces a decentralized, non-inflationary system for funding and governance built natively into the Ethereum Classic network.
+
+All four ECIPs are now in **Draft** status and open for public comment per the [ECIP-1000 process](https://ecips.ethereumclassic.org/ECIPs/ecip-1000).
+
+---
+
+## 📜 Included ECIPs
+
+| ECIP # | Title | Summary |
+|--------|-------|---------|
+| **[1111](https://ecips.ethereumclassic.org/ECIPs/ecip-1111)** | *Olympia Network Upgrade* | Activates EIP-1559 on Ethereum Classic and redirects the `BASEFEE` to an on-chain treasury contract. |
+| **[1112](https://ecips.ethereumclassic.org/ECIPs/ecip-1112)** | *Olympia Treasury Contract* | Introduces an immutable, non-custodial smart contract to hold protocol-level revenue. |
+| **[1113](https://ecips.ethereumclassic.org/ECIPs/ecip-1113)** | *Olympia DAO Governance Framework* | Defines a modular, on-chain governance system to manage treasury fund disbursement. |
+| **[1114](https://ecips.ethereumclassic.org/ECIPs/ecip-1114)** | *Ethereum Classic Funding Proposal Process (ECFP)* | Establishes a standardized lifecycle for submitting, reviewing, and executing funding requests. |
+
+---
+
+## 🎯 Motivation
+
+Ethereum Classic has long struggled with decentralized funding for core development, infrastructure, and ecosystem growth. Historically, funding decisions have relied on off-chain donations, central entities, or ad hoc coordination — models that are not sustainable, transparent, or permissionless.
+
+The Olympia Upgrade solves this by:
+
+- 🔁 Redirecting protocol revenue into a public treasury (ECIP-1111, ECIP-1112)  
+- 🗳 Empowering ETC holders to govern disbursements through on-chain voting (ECIP-1113)  
+- 📄 Establishing a standardized process for builders to propose, justify, and receive funding (ECIP-1114)  
+
+This architecture brings Ethereum Classic into alignment with modern, DAO-first networks — without requiring inflation, custody, or off-chain gatekeeping.
+
+---
+
+## 🔍 Addressing Common Concerns
+
+Some initial questions and concerns are expected, especially around compatibility, decentralization, and network ethos. The Olympia Upgrade has been designed from first principles to align with ETC’s core values:
+
+### ✅ Opt-In, Non-Disruptive, Additive
+
+- **Olympia is opt-in** — participation in governance is entirely voluntary.
+- **Legacy transactions (Type 0)** are unaffected. No changes are required for users, dApps, or miners not using the treasury.
+- **Client compatibility is preserved** — no changes to the EVM, state format, or core consensus logic beyond EIP-1559 activation.
+
+### 🛠 No Inflation or Monetary Dilution
+
+- **No new tokens are minted** — Olympia is entirely funded by redirecting the introduced `BASEFEE`, which would otherwise be burned under EIP-1559.
+- **Miners retain their block rewards and priority fees**, while the protocol-level basefee serves public goods.
+
+### 🌐 Anti-Centralization by Design
+
+- The Olympia Treasury is **non-custodial**, **immutable**, and enforced on-chain by smart contracts — not human signers.
+- The Olympia DAO uses **permissionless governance** with public proposals, timelocks, and auditability.
+- Disbursements are **executed automatically** via smart contracts after successful on-chain votes — no single party can override or block community-approved proposals.
+
+### 🧱 Decentralization and Transparency Improvements
+
+Olympia represents a meaningful shift away from opaque, centralized funding structures that have historically:
+
+- Blocked contributors from accessing support
+- Made arbitrary decisions behind closed doors
+- Mismanaged resources with little accountability
+
+Instead, Olympia introduces:
+
+- **Transparent on-chain voting** and funding records  
+- **Reproducible proposal formats** (ECFPs) open to all contributors  
+- **Immutable audit trails** enforced at the protocol layer  
+- **No gatekeeping or favoritism** — if a proposal meets quorum and passes, it executes  
+
+Olympia is not a centralizing force — it is the antidote to centralization that has plagued ETC’s growth in the past.
+
+---
+
+## ⛓ Technical Overview
+
+- **EIP-1559 activation** introduces a `BASEFEE`, which Olympia redirects to a protocol treasury instead of burning.
+- The **Olympia Treasury** holds these funds in a verifiable smart contract (ECIP-1112).
+- The **Olympia DAO** governs the treasury using on-chain voting with secure execution mechanisms (ECIP-1113).
+- Builders submit **ECFPs** (ECIP-1114) to propose work and receive funding through a standardized, transparent process.
+
+---
+
+## 🧪 Rollout Plan
+
+- **Testnet deployment** on Mordor is scheduled for Q4 2025.
+- Security audits, governance testing, and documentation will follow.
+- **Target Mainnet activation**: By end of 2026, subject to ecosystem consensus and readiness.
+
+---
+
+## 🗣 Community Discussion
+
+These proposals are currently in **Draft** form and subject to revision. Feedback from all corners of the community is encouraged.
+
+- Join the discussion:  
+  [https://github.com/orgs/ethereumclassic/discussions/530](https://github.com/orgs/ethereumclassic/discussions/530)
+
+---
+
+## 📣 Call to Action
+
+Please review the proposals and share feedback. This is your opportunity to shape the future of funding and coordination on Ethereum Classic:
+
+- [ECIP-1111: Olympia Network Upgrade](https://ecips.ethereumclassic.org/ECIPs/ecip-1111)  
+- [ECIP-1112: Olympia Treasury Contract](https://ecips.ethereumclassic.org/ECIPs/ecip-1112)  
+- [ECIP-1113: Olympia DAO Governance Framework](https://ecips.ethereumclassic.org/ECIPs/ecip-1113)  
+- [ECIP-1114: Ethereum Classic Funding Proposal Process (ECFP)](https://ecips.ethereumclassic.org/ECIPs/ecip-1114)
+
+This is the most significant advancement to ETC’s sustainability since the project’s inception. With your feedback and support, Olympia can ensure that Ethereum Classic remains decentralized, permissionless, and self-sovereign — for the long haul.
+
+—
+*Posted by [Chris Mercer](https://github.com/chris-mercer), with contributions from [Cody Burns](https://github.com/realcodywburns)*