Arbitrum DAO - DAO Core contd.
OpCo: A DAO-adjacent Entity for Strategy Execution
During February 2025, the OpCo proposal was passed on Tally, outlining a plan to establish a legal entity that delegates and key stakeholders can leverage to achieve DAO-defined goals, principally by forming an operational mesh layer and assigning internal employees or negotiating and entering into agreements with service providers and individual contributors to facilitate initiatives. OpCo’s mission is to negate identified frictions affecting the DAO’s strategy execution, such as allowing for the establishment of more operational roles for the DAO, facilitating efficient and competitive contributor and service provider negotiations and information flow between these parties, creating clear responsibilities for carrying out initiatives, and helping ensure the continuation of programs the DAO depends upon. OpCo is also required to be proactive, meaning that if the entity has the bandwidth and recognizes a potential advancement that could be made within its mandated focus areas, it can work on and propose a strategy through which the entity would address the identified frictions. The initial period of the OpCo is 30 months before possible renewal, with 6 months to establish all operations and then a 24-month initial operational period. The total ARB requested was 30M. OpCo Operational Budget
Full Budget
Per Annum Per Month
Internal Employee Salaries Chief Chaos Coordinator
5,328,000 720,000 384,000 4,224,000 4,945,000 2,400,000 2,545,000 1,125,000
2,664,000 360,000 192,000 2,112,000 2,472,500 1,200,000 1,272,500 450,000
222,000 30,000 16,000 176,000 206,042 100,000 106,042 37,500
Chief of Coins
Other 10 Employees Setup and Admin Costs
Legal Services
Other Setup and Admin Costs *
Oversight and Transparency Committee (5 members) *
TOTAL COST (USD)
11,398,000
5,586,500
465,542
Internal Employee Bonus (in ARB)
3,000,000 1,000,000
1,500,000 500,000
125,000 41,667
Oversight and Transparency Committee Bonus (in ARB)
TOTAL COST (ARB) 166,667 * These costs include elements in the initial 6-month establishment period, whereas other costs are only for the 24-month operational period. These costs are: - $690k for entity setup (plus a buffer) in the first 6 months, based on GCP's estimated expenses - $225k for the Oversight and Transparency (OAT) Committee for the first 6 months ($37.5k per member per month) 4,000,000 2,000,000
The next step in the OpCo process is to elect the 3 OAT members via Snapshot, who will then be tasked with filling the additional 2 OAT member slots. The OAT will then begin the recruitment process for the Chief Chaos Coordinator and the Chief of Coins.
The funds have been transferred to a Foundation-controlled wallet and have not been converted at this stage.
For the purposes of this report, spending will be tracked up to the point that the OpCo is fully launched i.e. the most important roles have been filled, an entity has been created etc. Once that occurs, the full value remaining under this AIP will be deemed as spent and all further reporting will fall under the obligation of the OpCo.
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