Entropy has voted AGAINST on OpCo.
To start, some context might be helpful. OpCo was an idea that started at ETH Denver last year. In short, it was a solution to the problem that was the DAO not having full-time contributors. DK followed up by proposing a high-level vision for OpCo that got many excited about its value for the DAO, a second and more active Foundation. Following DK’s proposal, and Entropy’s funding, Entropy was asked by many delegates to drive the initiative forward in an executable and optimal way. We believe we have done this and fulfilled our original mandate as a facilitator for the initiative and a tool that drives forward the items that the DAO prioritizes. That said, it is our opinion the need for the OpCo is now overstated and likely to even lead to operational friction and unnecessary costs. With the Arbitrum Foundation committing to taking an active role in governance and Entropy Advisors doing the same, the landscape has completely changed from this time last year. Our main concerns with OpCo, outside of the aforementioned, surround being weary of its potential to attract the right talent that will lead it to being an impactful initiative instead of another competing foundation with bloat, lacking executors who drive the DAO in the right direction. We believe with the structure as proposed, OpCo is a safe experiment (although with some sunk cost), given if the 3 members elected to the OAT cannot find a talented lead, the entity can be stopped even after its funding.
We think it is important to mention that Entropy does have a COI. We believe that in tandem with a now more hands-on Foundation, Entropy can achieve many of the values and purposes of OpCo in a leaner manner, without the DAO having to take on additional risk in the form of, e.g., finding leaders for the entity. Over the coming weeks, we will start to synergize more heavily with Arbitrum-aligned teams, using our role as a more opinionated leader in the DAO rather than solely as a tool for delegates.