In this episode of Governance Futures, hosts Jamilya and Eugene sit down with Mateusz Rzeszowski and Raam Chandrasekharan of the Arbitrum Foundation to discuss Arbitrum’s evolving governance model.
They trace the DAO’s journey from its “big bang” launch to today’s more structured system, highlighting initiatives like the new Operations Company and Arbitrum-aligned entities designed to improve accountability while keeping token-holders in control.

The conversation also explores delegate participation and incentives.
With hundreds of thousands registered but only a fraction active, Arbitrum has tested different incentive programs - sometimes leading to unintended behaviors like AI-generated comments.
Mateusz and Raam share how recent updates aim to reward meaningful contributions and attract larger stakeholders, while stressing that long-term governance should be driven by alignment, not compensation.

Throughout, they reflect on the balance between decentralization and efficiency, the importance of facilitation, and what DAOs can learn from political philosophy and even nature.
It’s a candid look at how one of the largest DAOs is navigating growth and maturity.

Some of the materials we mention in the episode:
Updates to the DIP- https://snapshot.box/#/s:arbitrumfoundation.eth/proposal/0x008f190725018c3db0e6464bf31d44f09a4d7773fd1486dff0c52c27b8aba289
Vision for the future of Arbitrum - https://forum.arbitrum.foundation/t/a-vision-for-the-future-of-arbitrum/28962
The Operation Company (OpCo) proposal - https://www.tally.xyz/gov/arbitrum/proposal/41351298371775353090222506531903916823291804644712693824312064183457809617851?govId=eip155:42161:0x789fC99093B09aD01C34DC7251D0C89ce743e5a4

Timestamps

00:00 – Episode introduction & host overview (Arbitrum’s governance context)
04:32 – Guest introductions: Mateusz and Raam share their backgrounds
09:37 – Governance overhaul: new vision with an Operations Company and aligned entities
15:58 – DAO origins & maturity: from Arbitrum’s decentralized launch to structured evolution
20:07 – Delegate engagement: registered vs. active participation in the DAO
21:43 – Centralization debate: balancing operational efficiency with token-holder power
25:10 – Decentralized legitimacy: how the DAO retains control over aligned entities
27:31 – Governance facilitators: team roles as peacemakers and execution overseers
37:08 – Delegate incentives: program design, gaming the system, and improvements
44:57 – Incentive alignment: fostering intrinsic commitment versus financial rewards
01:05:48 – Quick-fire quiz: one-word answers on the future of governance
01:06:25 – Closing Note