OpCo - OAT Applications & Nominations

Applications for DAO programs
6

Applicant / Nominee Information

  • Full Name: Patrick McCorry
  • Contact Information: @stonecoldpat
  • Current Occupation: Arbitrum Foundation
  • Country of Residence / Time Zone: Hong Kong

Note: I will not be taking the monthly stipend of $7.5k or the 100k ARB bonus if elected for the role.

Applicant / Nominee Qualifications and Experience

  • Identify one of the domains described within the Desired Qualifications section in the OpCo - Oversight and Transparency Committee (OAT) Application Process Overview forum post in which you have the most experience and describe that experience:

Most applicable is domain strategy. I have been responsible at the AF for helping guide the DAO’s progress to date and managing the DAO’s relationship with the AF.

  • Describe your network and reputation within the blockchain/technology industry. Have you previously represented a crypto brand and/or navigated DAO governance:

I have worked in the cryptocurrency industry since 2013 with a predominant academic and research background. I am still an active peer reviewer for conferences like Financial Cryptography, Science of Blockchain Conference (SBC), and others. In recent years, my focus has changed from writing papers to educational pursuits, working with the ArbitrumDAO, and generally how to handle more ‘people’ than ‘technical’ problems.

  • Detail your experience in advisory, governance, and/or oversight roles:

I assist (when necessary) any DAO proposal, manage relationships with delegates and contributors to keep them abreast on what is happening in the DAO, and support efforts at the AF to ensure authors of proposals execute what they promised the ArbitrumDAO.

  • Have you previously contributed to the Arbitrum DAO? Describe any relevant experiences through which you’ve gained an understanding of the DAO’s current structure, contributors, and programs:

On my third day at the AF, over the weekend, I had to handle the AIP 1 crisis, alongside nearly all fires that have erupted in the DAO over the years.

I am heavily involved in the operational stage, post DAO approval, for proposals. For example, relevant to the OpCo, I was involved in helping to operationalise the GCP. Additionally, I’ve been involved in helping to author proposals on behalf of the AF that are published to the ArbitrumDAO.

  • Given the scope of OpCo is relatively broad in its current form, describe how you view OpCo’s role within the DAO and what it should accomplish to deem the entity a success over the next 3-5 years:

The DAO is facing several problems at the moment including proposal gridlocks, inefficient processes, and vendors significantly overcharging for services. This has happened because:

  1. AF/OCL, alongside other natural and long-term focused stakeholders, did not participate in the DAO,
  2. DAO did not have full time and dedicated contributors who could lead the effort on initiatives.

OpCo aims to alleviate the second issue. It allows the DAO to create its own foundation, hire full time contributors, and to ensure there is always a team ready to execute on proposals on behalf of the DAO. Additionally, it can act as a coordination amongst Arbitrum Aligned Entities (like AF/GCP/OCL/Entropy), to ensure the DAO can maximise the utility offered by the various teams.

I’d measure the success of OpCo, in the next 3-5 years, by its ability to not only onboard a strong team whose only interest is the success of the ArbitrumDAO, but also whether it has enabled the DAO to allocate proposals to full-time and Arbitrum-aligned teams who can execute on its behalf. Vendors should no longer negotiate with the DAO, contributors should see a path to full time employment & work within the DAO, and proposals should not be held up due to a chaotic and somewhat arbitrary review process.

References (Only complete if relevant)

  • Please provide the name, position, and contact information of individuals who can attest to the applicant’s/nominee’s qualifications and character:

I’d recommend asking delegates like L2Beat, Coin, or members at the AF/OCL.

Disclosures

  • Please disclose all of the applicant’s/nominee’s actual and potential conflicts of interest, including but not limited to financial, personal, DAO governance, and professional:

I hold ETH, BTC, ARB and some OP tokens from retroPGF. I have a position at Lemniscap as a part-time advisor/research partner for ~5 years. I only participate in the ArbitrumDAO.

  • Please disclose all active contributor roles and payment streams related to the Arbitrum DAO that the applicant/nominee, and entities that they have a professional or financial relationship with, has and is receiving:

My income as part of my employment at the Arbitrum Foundation.

Declarations

  • The applicant/nominee understands that any offer to join and hold a position in the OAT is contingent on:
    • Successfully completing as well as maintaining updated all relevant non-disclosure agreements, KYC requirements, and other necessary documents
    • Not being a direct representative or full-time employee at network competitors (e.g., Solana, Polygon, Optimism)
    • The person as well as any companies with which the person maintains a professional or financial relationship to relinquish any and all contributor roles within the Arbitrum DAO that were obtained through an official election or ratification process conducted via Snapshot or Tally
    • The person as well as any companies with which the person maintains a professional or financial relationship to abstain from becoming an internal employee for OpCo, entering into service provider contracts with the entity, or applying for any contributor role within the Arbitrum DAO that requires an official election or ratification process through Snapshot or Tally
    • The person as well as any companies with which the person maintains a professional or financial relationship to relinquish positions on other DAO initiatives’ or DAO-adjacent entities’ oversight committees or any other positions comparable in nature
    • Being aligned with the community values listed in The Amended Constitution of the Arbitrum DAO, following the Code of Conduct for delegates, being committed to prioritizing the Arbitrum DAO’s needs, and acting in absolute good faith and utmost honesty to fulfill their duties to the best of their abilities.
  • If nominating someone else, the nominator confirms that the nominee is aware of their nomination and the essential details related to it
  • The applicant/nominator confirms that they have read and understood all the content within this form and that the information submitted is accurate and complete:

Yes

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