Additional clarification of Council, Investment Committee, and GCP Core Team roles and responsibilities (thanks to Rick Johanson)
GCP Ecosystem Working Norms and Mechanics:
TL;DR: This collaborative structure aims to achieve program objectives while maintaining DAO oversight and transparency.
1. Funding and Oversight
- Arbitrum DAO: Allocates xxx million ARB tokens over xxx years to fund the GCP.
- GCP Council: Elected by the DAO, the council provides oversight and collaboration for the GCP team. They review proposals, offer insights, and can challenge a deal by majority vote and through a collaborative process of escalation with GCP Core Team.
2. Program Execution
- GCP Core Team: Executes the program’s day-to-day operations. This team identifies deals, negotiates terms, manages grants, and tracks progress.
- Investment Committee (IC): A small group with representation from all entities within the GCP ecosystem. They make final decisions on investment deals brought forth by the GCP Core team.
3. Collaboration and Decision Making
- GCP Core Team & Council: Collaborate on program strategy, deal evaluation, and identifying potential risks. The council provides expert advice and can challenge deals that don’t meet clear requirements or are not aligned to established program objectives…
- Investment Committee: Reviews investment proposals from the GCP team and makes final funding decisions. Additionally, they help resolve issues or concerns surfaced by the GCP Council related to deals.
4. Transparency and Accountability
- GCP Core Team: Provides regular reports to the DAO on program performance, including metrics, risk response, and progress reports.
- GCP Council: Ensures transparency by reviewing and providing feedback on team performance, nominations and decisions. The Arbitrum DAO can also call for council member removal.
Simple flow of responsibilities:
- Arbitrum DAO allocates funds and elects the GCP Council.
- The GCP Core Team identifies deals and negotiates terms.
- The Investment Committee makes final decisions on investments.
- The GCP Council provides oversight and collaborates with the team.
- The GCP Core Team reports program performance to the DAO.
Key areas of ownership:
- The DAO maintains ultimate control through funding and council elections.
- The GCP Council provides expert guidance, escalates deal concerns and ensures transparency.
- The GCP Core Team defines strategy, executes the program, and makes funding recommendations.
- The Investment Committee has final say on investment decisions.
GCP Ecosystem Accountability Methodology:
TL;DR: A structure to ensure each entity is held accountable to the other to serve the best interests of the Arbitrum DAO and the overall success of the program.
Accountability is achieved through a multi-layered system that provides transparency but maintains collaborative work relationships.
Arbitrum DAO holds accountable:
- GCP Council: Through yearly elections and the ability to call a snapshot vote for removal/replacement of council members.
- Elections and Removal: The DAO and council can remove members who underperform or violate trust/terms of agreements (NDA, PIIA, etc).
- GCP Core Team: By receiving regular reports on program performance and having the ability to influence program strategy through the council.
- Transparency Reports: Regular reports from the GCP Core Team to the DAO showcase program performance and resource allocation, allowing the DAO to assess effectiveness.
GCP Council holds accountable:
- GCP Core Team: By observing team member nominations and performance, providing feedback on decisions, and having the ability to challenge deals through collaborative escalation.
- Themselves: By maintaining transparency through disclosure, NDAs, and facing potential removal via Arbitrum DAO, etc.
- NDAs and Disclosure: These ensure confidentiality and prevent conflicts of interest within the council and team.
GCP Core Team holds accountable:
- Themselves: By meeting program goals like attracting builders, achieving milestones, and delivering results outlined in the proposal.
- Performance-based Incentives: The GCP Core Team’s incentives are tied to performance, further aligning their goals with program success.
- Performance Metrics: Program success is measured against KPIs, holding the core team accountable for results.
- Investment Committee: By providing justification and data for investment proposals.
- GCP Council: By requesting clear, consistent, and actionable rationale when deals are challenged.
Investment Committee holds accountable:
- Themselves: By making funding decisions based on sound analysis and alignment with program goals.
- GCP Core Team: By potentially requesting additional information or revisions to investment proposals when needed.