We need to talk about undisclosed financial interests

[Netrim]

Hi Griff, I took the time to check the video.

@jackanorak

Does Griff or General Magic have a financial interest in getting all of these applications approved? If so, what are the implications with regard to the Code of Conduct and general governance practices?

As stated in your video, you are working with a lot of projects and you disclosed it after the fact.
GaaS looks like conflict of interest between Griff (delegate) for Optimism and General Magic services.

The ENS example doesn’t apply unless you are a delegate on the ENS DAO and you voted in favor of the swag shop.

@jackanorak

If there is a financial interest, has it been properly disclosed to Optimism Governance?

It has now

@jackanorak

What are the terms of this upfront lending to these projects? Do the lenders have an opportunity to capture financial gains though these structures?

@Griff

I am working with those teams to loan them funds and take the OP that is locked as collateral

This needs to be disclosed since it actually breaks the policy updates done today.

@jackanorak

What sort of policy do we / ought we to have regarding this type of third-party work and disclosure?

There is a conflict of interest if you are able to temp check, move something to vote or even altogether approve

@jackanorak

Do such pay-for-propose schemes impose a ‘tax’ on governance distributions, effectively inflating governance asks?

More projects would apply for grants, more % that GM takes?

As a personal note, the issue with videos is that they do not get indexed in the forum so there is no way to reference your answers.