AndrewSaul

  • Jul 8, 2024
  • Joined May 27, 2023
  • In RFC: KLIMA FOUNDATION

    TheLawyer The scope of the foundation seems to be quite broad. The post states that "The primary mission of the Klima Foundation remains the same as that of the DAO". But maybe I have misinterpreted the role of the president and it's supposed to be less of a role that represents the foundation and the DAO in public, and more just the statutory representative of the legal entity.

    As a side note: You haven't fixed your link in the main post and, I think I can also speak for @AndrewSaul here, we were hoping for a bit of legal background regarding the decision for Cayman over, e.g., Switzerland.

    • In RFC: KLIMA FOUNDATION

      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!