Hello Arbitrum delegates and stakeholders,
This is the June 2025 OpCo monthly update. I’m posting on behalf of the OpCo Oversight and Transparency Committee (OAT), of which I am an elected member along with Patrick McCorry, A.J. Warner, Pedro Breuer, and Gavin Wang. Please feel free to reply with questions and comments. You are invited to join the OpCo monthly DAO call on Friday, June 20th at 2:00pm UTC.
Since the May update, we’ve been focused on hiring OpCo/OAT personnel, operationalizing the OpCo, and passing a proposal to Update the OpCo Foundation’s Operational Capability.
Hiring OpCo Personnel and OAT members
- We are actively interviewing multiple promising candidates for the “Chief Chaos Coordinator” (Head of OpCo Foundation) role.
- We are thrilled to announce that we appointed Gavin Wang as a fifth, and final, member of the OAT! As the CIO of SNZ, Gavin is an early investor in Arbitrum and a long-time member of the Ethereum community. Gavin is well-connected with the blockchain community and regulatory agencies in Asia. He’s done impactful work advocating for Arbitrum including bringing major users and builders to the chain. He brings a clear vision for effective governance to his role on the OAT and we are lucky to have him on the committee.
Operationalizing the OpCo
- A bank account for the OpCo was created and $2.5M from the OpCo proposal ARB that was sold for USD was transferred into the bank account.
- We continued a weekly meeting for OAT members with strong attendance.
- With the passing of the proposal described below, we are now in a position to hopefully finalize the Bylaws shortly.
Updating the OpCo Foundation’s Operational Capability
- We passed a proposal to Update the OpCo Foundation’s Operational Capability, which identified and fixed a number of restrictions in the original OpCo proposal that would have hindered the OpCo in fulfilling its mission. The updated proposal enables the OpCo to interact with a broad set of service providers, adjusts the exemplary budget as needed to scope strategic opportunities for the DAO, includes token vesting in compensation for employees, elects OAT members in a less restrictive manner, and gives OpCo the autonomy to pursue a broader set of initiatives in furtherance of its high level mission.