# OpCo June 2025 Update **URL:** \ **Category:** Operation Company (OpCo)\ **Created:** [June 20, 2025, 1:16pm UTC](https://forum.arbitrum.foundation/t/opco-june-2025-update/29479 "2025-06-20T13:16:38Z")\ **Posts on this page:** 2\ **Page:** 1
**Author:** ![Frisson](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/frisson/32/2288_2.png) [@Frisson](https://forum.arbitrum.foundation/u/Frisson)\ **Post date:** [June 20, 2025, 1:16pm UTC](https://forum.arbitrum.foundation/t/opco-june-2025-update/29479/1 "2025-06-20T13:16:38Z")
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](https://meet.google.com/ety-prua-iei?authuser=0) on Friday, June 20th at 2:00pm UTC. Since the [May update](https://forum.arbitrum.foundation/t/opco-may-2025-update/29232), 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](https://www.linkedin.com/in/gavin-keyi-wang-7285a738/?originalSubdomain=hk) 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](https://snapshot.box/#/s:arbitrumfoundation.eth/proposal/0x65b2b835f03bc18aa401b88702145e6b7686e8d7ddddfd956837251f8a7a7da1), which identified and fixed a number of restrictions in the [original OpCo proposal](https://www.tally.xyz/gov/arbitrum/proposal/41351298371775353090222506531903916823291804644712693824312064183457809617851?govId=eip155:42161:0x789fC99093B09aD01C34DC7251D0C89ce743e5a4) 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. ---
**Author:** ![Frisson](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/frisson/32/2288_2.png) [@Frisson](https://forum.arbitrum.foundation/u/Frisson)\ **Post date:** [June 20, 2025, 2:28pm UTC](https://forum.arbitrum.foundation/t/opco-june-2025-update/29479/2 "2025-06-20T14:28:55Z")
Here is the June 2025 DAO call recording: [https://drive.google.com/file/d/1ATILQsiipKYdG3pGMKVZD4hYdTKjzQ9v/view?usp=sharing](https://drive.google.com/file/d/1ATILQsiipKYdG3pGMKVZD4hYdTKjzQ9v/view?usp=sharing)