After consideration, the @SEEDgov delegation has decided to “FOR” on this proposal at the Snapshot Vote.
Rationale
We believe our initial doubts and concerns have been adequately addressed by Entropy, and we commend the team’s willingness to incorporate feedback from most delegates—including some of our suggestions, such as increasing the compensation for members of the OAT Committee.
Overall, we feel strongly aligned with the OpCo proposal. As Service Providers for the DAO, we understand the operational advantages it can bring. Today, compliance processes and agreement drafting rely almost entirely on the AF, with only a few exceptions. While we value the Foundation’s efforts, it is crucial for the DAO to be truly autonomous—otherwise, the “A” in its name would hold little meaning.
It is also important to note that most current programs lack well-documented frameworks, making transitions to new Service Providers particularly challenging.
There are only two areas that remain a source of “concern” for us:
1. OAT and Decision-Making:
Initially, we were concerned that the OpCo might “capture” delegates with the highest VP, leading to centralized decision-making within the DAO. However, considering that the OAT Committee can only include individuals with no economic ties to the DAO (or those willing to forgo such ties), it is now difficult to envision who might fill these roles. The requirement for alignment with the ecosystem, relevant context, and the expertise needed for such a demanding task further complicates this.
2. Proposed Salary Ranges:
While we understand that the proposed salary ranges are merely illustrative and not final figures—and that the proposer’s intention is to empower the OpCo to negotiate and attract top talent—we want to stress that the salaries for the Chief of Chaos and Chief of Coins could be lower. For reference, the median salary for a COO in the United States is approximately $500,000 (base compensation).
In this regard, we trust that the future OAT Committee will prioritize austerity wherever possible, as this sets a critical precedent when negotiating compensation with the broader team and various Service Providers.