The following reflects the views of L2BEAT’s governance team, composed of @krst and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.
After extensive discussion, both externally (with @ImmutableLawyer and other delegates) and internally, we decided to vote FOR the proposal.
During the temp check, we tentatively supported the proposal while offering some feedback on points of concern that were taken into account. This led to the proposal being slightly revised before the onchain vote.
Specifically, we suggested that the upfront fee to service providers be reduced to avoid potentially spending money for services that would not be utilized. The retainer was reduced from 1/3 to 1/5 which we find to be more reasonable.
We also suggested that ‘delegate approvals’ were introduced, which would basically mean that the ARDC would only pick up a workstream after receiving approval from a number of delegates with over X amount of voting power (”X” was to be defined). While that wasn’t introduced, we believe that with the proper utilization of the Supervisory Council, and specifically the people handling communications, we can have very strong alignment between the DAO and the ARDC.
We expect that the ARDC will be overly communicative both between them and delegates, but also between them and Arbitrum Foundation and Offchain Labs. The communications people should split the workload in a way that enables them to be very thorough with their communication.
One thing we want to see addressed as soon as possible is the clarification of whose responsibility it is to keep track of the hours that service providers put in toward a deliverable requested from the Supervisory Council. Right now, and to our understanding, it’s implied that it will be the responsibility of the operations lead of the Supervisory Council. We would like for that to be clarified and for the ARDC to clearly communicate who is responsible.
Lastly, we want to highlight that if the OpCo is set up during the ARDC’s tenure, we expect it to take ownership of the initiative and be responsible for its oversight. We think that in the event that happens, the Supervisory Council should work with the OpCo to figure out how to transition properly into the new structure.