A common theme at KlimaDAO has been being stuck in the middle of being pure on-chain "DAO", and being a relevant organisation in the VCM which is a close-knit (and sometimes guarded) market.
One of KlimaDAO's key objectives defined in June's Strategy Document was to:
champion the principles of Web3 in environmental commodities markets, in order to establish greater trust and acceptance of the technology
The Doc then goes on to talk a lot about defining KlimaDAO's role in the market, and becoming a more trusted entity.
I see the proposal in this RFC as enabling KlimaDAO to more seriously fulfil these objectives.
From a contributor perspective, this feels like a good solution to help KlimaDAO move forwards with near-term legal priorities / requirements, and generally continue to mature as an organisation, whilst allowing the contribs / community / DWG to continue defining how the DAO operates as a decentralized entity.
Specifically, I would guess this transformation would allow Klima to pass KYB with compliant treasury yield opportunities; do VERPAs with market stakeholders; be part of industry associations etc, all of which I know have been challenging with the current structure?
If so, I am supportive so KlimaDAO can move forwards to its next phase / iteration.
@AndrewSaul - I disagree around "necessity" - do personally think this is necessary for the DAO to move forwards (per above comments). Regarding the jurisdiction, assume the legal team have assessed options here - open to more insights from them on their process on landing on Cayman. My -- admittedly fairly weak -- understanding is that Cayman is generally a favourable jurisdiction for DAO's who want to / need to go the Foundation route, particularly non-profit ones.
DJ gets my vote!