The OAT committee would like to put forward a token vesting schedule change in accordance with OpCo Foundation’s bylaws’ requirement of:
Unless otherwise stated in these Bylaws, any material deviation from the OpCo Proposal must be communicated to the ArbitrumDAO, which may challenge it through an optimistic vote.
The original OpCo proposal states that:
An additional 1M ARB vesting bonus payment will be allocated to OAT members (excluding the Arbitrum Foundation in its role as an observer) to ensure long-term alignment and fair compensation. At the end of the first OAT term, 50% of this ARB would be sent to a vesting contract that would release the funds after a 24-month cliff following the first OAT term’s end. Each individual who is an active member when the OAT term ends and was appointed as part of the dedicated election process will be allocated an equal share of the funds (100K ARB).
Accordingly, OAT first-term members can expect the entirety of their ARB payout (100k ARB prorated for OAT member’s term duration) to be delivered ~3 years after their mandate has begun and ~2 years after it has concluded. In order to make it more consistent with OpCo employee vesting schedules, as well as the current OpCo term, the OAT committee puts forward an updated token vesting schedule with the following parameters:
- Amount: 100k ARB prorated (no change)
- 2 year total vesting time, starting with each OAT member’s start date
- 1 year cliff
In line with the Arbitrum OpCo Foundation bylaws, this change will be considered accepted by the DAO after a one-week feedback period, and assuming a lack of a veto vote being raised on Snapshot.