[NON-CONSTITUTIONAL] Arbitrum Onboarding V2: A Governance Bootcamp
Vote: For
Summary: While we still share reservations about the efficacy and longevity of outcomes for this proposal, we believe the materials and application process is robust enough to have a solid chance at converting individuals into great governance analysts within Arbitrum. Furthermore, there already seems to be interest from outside protocols looking to leverage these services. Thus, we are supportive of further experimenting with this proposal.
Arbitrum D.A.O. Domain Allocator Offerings) Grant Program - Season 3
Vote: Renew with 5 domains (adding orbit)
Summary: We are happy with the progress thus far and support the additional domain. One area of feedback we gave was within the gaming realm as it has had very little impact and the approved grants were rather low quality. Some of these concerns have been addressed in the updated proposal.
Unifying Arbitrum’s Mission, Vision, Purpose (MVP)
Vote: For
Summary: This is an important initiative for the ArbitrumDAO and Ecosystem as a whole. We agree that a major area the DAO has struggled in is truly understanding and evaluating whether certain initiatives are ‘worth it’. This is extremely hard to do when there is no clear north star. We like the phased approach and specifically the SOS initiative, we have seen similar mechanisms work really well within Lido DAO. Lastly, we align with the proposed Mission, Vision, and Purpose.
OpCo – A DAO-adjacent Entity for Strategy Execution
Vote: For
Summary: We are supportive of the OpCo at the TEMP CHECK stage, however, we do share some concerns about various aspects of the proposal that we would like to see discussed and potentially changed prior to the onchain vote.
Firstly, having something like the OpCo is extremely valuable for most DAOs and similar setups are prevalent amongst some of the largest DAOs in the space. We’ve had first-hand experience with setting something similar up for dYdX (dYdX Ops subDAO), which enabled the DAO to hire contractors, set up bank accounts, work with service providers, and set up key vital infrastructure for the launch of dYdX V4. Without a legal entity, this would’ve been a nightmare and simply impossible. Concretely, the OpCo will unlock functionality for the DAO while making the DAO more accessible to less-crypto native individuals and companies.
However, we have some concerns with this structure, which is rather expensive and there isn’t a clearly defined scope and set of deliverables which could easily lead to unnecessary expenditure and bloat. We’d much prefer to have a leaner structure with a clear set of objectives that expands over time as the DAO seeks the legal structure to operate necessary initiatives.
We are also quite against the size of the OAT and share similar concerns to others about there being a large overlap in responsibilities between OAT members and OpCo employees. In our opinion, the OAT should serve as ‘observers’ or ‘enforcers’ (if we draw comparison to the dYdX Ops subDAO) to ensure that there is no miss appropriation of funds and that internal initiatives are done in line with the OpCo’s mandate. This can be achieved quite easily with 2 members. There are clear redundancies and overlaps in having 5 OAT members especially when the OpCo has a budget for yearly audits and is required to maintain high transparency. Lastly, we are unsure that OAT members should receive bonuses and struggle to understand the justification for it.
Partner with ETH Bucharest 2025
Vote: Abstain
Summary: In line with our prior votes around events and sponsorships, we typically abstain from voting as it’s hard to estimate the expected benefits from these initiatives and validate costs.
Non-Constitutional: Stable Treasury Endowment Program 2.0
Vote: For
Summary: We are very supportive of reasonable programs designed to diversify the DAOs treasury into productive and safe assets. So far, STEP 1.0 has proven to be a good success with a nice structure. STEP 2.0 presents a simple expansion on STEP 1.0’s success.