[RFC] Forming the Treasure Arbitrum Representative Council (ARC)

Summary

TreasureDAO (“Treasure”) is fortunate today to be the largest delegate in ArbitrumDAO with ~27M in voting power (representing ~0.2% of total supply and ~23% of quorum). We appreciate the trust Arbitrum stakeholders have placed in Treasure and take this responsibility seriously. We have grown in a decentralized and bottom-up fashion from a free mint project to an organization with 30 full-time core contributors and a network of game studios and teams which comprise the Treasure ecosystem. This experience has made us aware of the challenges and nuances of governing a DAO. We were fortunate that early MAGIC stakeholders took a long-term perspective for Treasure, and as a delegate in Arbitrum, we aim to apply the same level of conscientiousness to our role to best support the growth and success of the Arbitrum ecosystem.

We believe that forming a community-led Treasure Arbitrum Representative Council (ARC), made up of Treasure community members would be the best way to maintain decentralised decision making at TreasureDAO while enabling more proactive monitoring and engagement in Arbitrum governance initiatives. This further allows Treasure core contributors to remain focused on ecosystem growth at Treasure, ensuring Arbitrum and Treasure both win together.

In this post, we outline the potential structure of this council and requisite qualifications in order to elicit feedback and comments from the Treasure community.

Rationale

Treasure’s recent vote to abstain on an Arbitrum DAO proposal

The core contributors at Treasure initially decided to limit focus on Arbitrum governance issues most relevant to NFTs and gaming, core protocol changes, and constitutional matters in order to balance the needs of the Treasure ecosystem and Arbitrum governance. However, a number of Arbitrum DAO stakeholders kindly suggested that delegates of our size should be active across the entire range of Arbitrum proposals, especially when Treasure may emerge as the pivotal vote on any given proposal. We reflected on this feedback and believe forming a community-led council comprising experts from various fields and disciplines would help Treasure serve as the quality delegate Arbitrum DAO needs. Karel Vuong (Co-Founder) shared a personal note in the Arbitrum governance forum with a similar reflection here.

Forming a community-led council

A council should be formed and comprise stakeholders from Treasure’s core contributing team, the Treasure ecosystem at large, Arbitrum, and beyond. In order to coordinate and execute towards the ecosystem’s goals and objectives, the council should work closely with the Treasure community and core contributors.

**Profile - **diverse skill sets and experiences should be prioritized for members of this council. Qualifications for these roles should be as follows: exposure to both ARB and MAGIC (to ensure council members can fairly represent both interests), strong communication skills, community management skills, and a background in one or more relevant areas (governance, developer relations, game development, web3 grants and more). Members from stakeholder groups external to the Treasure ecosystem such as (but not limited to) the broader Arbitrum community and r3gen Finance (Treasure’s financial operations partner who prepared the recent DAO report) should also be considered.

**Responsibility - *The council should take on a more proactive role discussing, designing, implementing, sponsoring, and voting on various Arbitrum DAO initiatives and proposals. Individual council member responsibilities should include monitoring AIPs, engaging with AIP authors, summarizing AIPs for community review, and organizing temperature check votes within the Treasure community to draw consensus opinions from community debate.

The ARC formation process will be informal at first: questions regarding topics such as term limits, election processes, and other parameters will be refined over time with Treasure core contributors on the council retaining final decision-making over proposal voting, council selection, and related processes while we refine this model.

****Note: *any comments made by council members represent their personal opinions rather than the official stance of Treasure as a delegate which will be indicated through voting and official statements to the community. Council members will also be expected to refrain from polemics or grandstanding while they serve in their role. Their primary role is to serve as governance liaisons rather than influencers.

Proposal (for discussion purposes only)

The following terms and parameters have been proposed by the Treasure core council to serve as an initial starting point and indicative blueprint for ARC to facilitate discussion.

**Council Composition: **7 council members, including 3 members of the core contributing team for Treasure.





  1. [Karel Vuong]

  2. [John Patten]

  3. [Peita Lin (pta)]

Compensation: Excluding all Treasure core contributors, each member on the council should be remunerated with 3,000 ARB per month for their efforts. As the role of the council and council members will evolve over time, the Treasure core contributors should retain the right to adjust the compensation structure of council members throughout the six month term. In instances where there is a change in compensation, the Treasure community will be notified of this adjustment. This ARB will be drawn from the original DAO airdrop which has a balance of 6M ARB remaining following TIP-28.

**Term: **The council should serve an interim term of six (6) months, beginning from the date and time of council establishment. Establishing a framework and structure for future Council elections will be part of the remit of the Treasure Community Council in its first term.

Next Steps

This post will be open for comment and discussion for approximately 2 weeks until Friday, September 29. During this time, we invite feedback and sentiment from the broader community about the overall proposal to stand up ARC and all listed parameters (or any that may have been missed).

We’d also like to invite nominations / applications from potential council members using the Application Template provided below submitted in the Initial Call for ARC Applications post within the governance forum. Note that a shortlist of council members will be selected by the core contributing team and included in the eventual TIP for further discussion by the community and, eventually, ratification by the DAO.

Shortly after the end of the discussion and application period on September 29, the council will raise a TIP for an informal vote and temperature check with the shortlist of council members before moving it to Snapshot for ratification, assuming positive community sentiment.

Application Template

  • Name:
  • Twitter:
  • What is your relevant experience? Please share any links and supporting information. What is your degree of familiarity within Treasure, Arbitrum, and DAOs as a whole?:
  • What would you like to see TreasureDAO do or focus on as a significant delegate within the Arbitrum ecosystem?:
  • Do you have any ideas or suggestions for how the Treasure Community Council can maximise its impact?
  • Are you able to commit at least 5 hours of your time per week to serve as part of this council?:
  • Declaration of conflict of interest (if any):