3 Polls Closing December 19, 2024
Unifying Arbitrum’s Mission, Vision, Purpose (MVP)
Summary: This poll asks ARB holders if they support the following mission statement (and some accompanying discussion about why they were chosen):
Purpose (Meaning): Defend and guide the Arbitrum ecosystem.
Mission (Action): Empower people with the freedom to build their best onchain world.
Vision (Aspiration): Arbitrum is home to the universal shift onchain
Recommendation: Vote For. This is a reasonable mission statement. This vote has no other outcome, and does not expend any funding or prioritize any specific goals.
Partner with ETH Bucharest 2025
Summary: This poll asks ARB holders if they support providing funds to sponsor ETH Bucharest.
Intended Voting Options:
- FOR, with POAP - $69,300
- FOR, without POAP - $55,800
- Abstain
- Against
Recommendation: Vote FOR, with POAP - $69,300. The majority of the 2025 DAO events budget is unallocated. This partner has done events with Arbitrum before (Foundation), and is reputable. And people like POAPs.
OpCo – A DAO-adjacent Entity for Strategy Execution
Summary: This poll asks ARB holders if they support providing 22,000,000 ARB to finance the first 30 months of expenses for a legal entity to serve as an OpCo controlled by Arbitrum governance. This proposal is very complex and lengthy, and voters are strongly advised to read the full details here.
Recommendation: Vote For. This is not an inexpensive proposal. It also presents new avenues for potential abuse with regard to funds allocation and centralization.
It does, however, also present new avenues to reduce potential abuse with regard to funds allocation and centralization. The OpCo provides governance with an alternative to the Arbitrum Foundation when dealing with external counterparties or topics that require a legal entity.
While this will provide some purely functional benefits (e.g. the Arbitrum Foundation cannot onboard or be onboarded by a counterparty, but the OpCo can), it also ensures that should the Arbitrum Foundation ever go dark, go rogue, or simply fail to deliver on its mission, the OpCo is available to keep investing in the Arbitrum ecosystem.
This, in our candid opinion, a fairly pricey proposal. But it is also presented with the maximum authorized spend, and realistically will be lower, since not every position will be filled as anticipated, bonuses may not be distributed, etc. DAOs will never be especially efficient – decentralization and being robust against single points of failure rarely is. We cautiously support this proposal, if only because we have seen the innumerable boring, behind-the-scenes tasks that legal entities do for other DAOs. The OpCo is likely to be a valuable work horse, even if it is priced a little bit like a race horse.