Tally: OpCo
After deliberation, we are voting for this proposal
Given we have changed our stance since the Snapshot vote and the polarizing proposal, we believe it warrants an extended rationale:
As voiced in our Snapshot rationale, we believe this proposal has the potential to improve operational efficiency in the DAO and ensure continuation of tasks an initiatives across the DAO. We believe the proactive nature expressed in the proposal is necessary to carry a complex initiative such as OpCo. Reviewing the proposal we come back to the fact that ultimate control for spending if exceeds certain caps, approval of extending on to other verticals as well as approval of providers is retained in the DAO.
On the above quote, our preliminary stance is against extending OpCo mandate to other verticals (at least in its initial term and after analyzing the outcomes of this term). Ideally, we would have liked a fixed mandate–not just abstaining from the Investments vertical. We also appreciate that entropy has taken delegate’s feedback and specified a scope for OpCo after establishing the entity. Additionally, we note that OAT elections will be elected through the DAO and its key role in the development of OpCo.
We maintain our concern voiced in the initial rationale:
But we believe that ultimately the DAO has the ability to check OpCo and monitor its activities if it were ever to extend itself. The long timeline for the initial term still rings concern for us. The goal is ambitious, but so is the budget requested. Ultimately, we are viewing this as a high stakes challenging initiative, with the potential to streamline our operations and smooth processes for the DAO outweighing concerns.