Updating the OpCo Foundation’s Operational Capability

[Hawheik]

@Arbitrum

Inability to Interact with Service Providers

• Problem: It’s important to note that OpCo will not have the authority to enter into contracts with service providers or individual contributors for strategies not approved by the DAO through governance, unless directly related to its operational needs (e.g., hiring an accounting firm).

This is described as a restriction for which “a fix” is proposed, which seems to imply it is an oversight or an unfortunate consequence of some other requirement. Looking back at the proposal as passed, this seems very intentional and is explicitly stated to be the intent.

@Entropy

It’s important to note that OpCo will not have the authority to enter into contracts with service providers or individual contributors for strategies not approved by the DAO through governance, unless directly related to its operational needs (e.g., hiring an accounting firm). OpCo internal full-time employees cannot be contributors to DAO initiatives as individuals (they need to do so through OpCo) and are strictly prohibited from entering into employment engagements with other DAOs, organizations, entities, or comparable affiliations, whilst contractors that facilitate a specific vertical and are signed to OpCo can have engagements in other DAO initiatives and outside of the ecosystem. Full-time OpCo staff can only be appointed internally. However, as mentioned earlier, the DAO can roll any service provider or individual contributor into OpCo by passing an onchain vote. This vote has to request capital to cover the facilitators’ expenses since when it comes to salaries, OpCo’s budget only covers internal full-time staff. OpCo is expected to work closely with Offchain Labs as well as the Arbitrum Foundation to ensure that scopes of work do not overlap.

I think it’s misleading to label this “a fix”. This proposal suggest to rewriting, even rendering moot to some extent, very clearly stated parts of the passed OpCo proposal. We ought to apply all scrutiny due to such an endeavor, not just greenlight it as a small adjustment to fix some oversights.