2.2 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | summary | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | decision_market | MetaDAO: Enter Services Agreement with Organization Technology LLC? | internet-finance | passed | metadao | futardio | Nallok, Proph3t | https://www.futard.io/proposal/53EDms4zPkp4khbwBT3eXWhMALiMwssg7f5zckq22tH5 | 2024-08-31 | 2024-09-03 | treasury | Approve services agreement with Organization Technology LLC to facilitate contributor payments with $1.378M annualized burn | rio | 2026-03-11 |
MetaDAO: Enter Services Agreement with Organization Technology LLC?
Summary
This proposal established a services agreement between MetaDAO LLC and Organization Technology LLC, a newly created US entity designed to serve as a payment vehicle for MetaDAO contributors. The agreement specifies that all intellectual property remains owned by MetaDAO LLC, establishes an annualized burn rate of $1.378M, and includes provisions for 30-day cancellation notice or immediate termination for material breach. First disbursement was scheduled for September 1st, 2024 or upon passage, whichever came later.
Market Data
- Outcome: Passed
- Proposer: Nallok, Proph3t
- Proposal Number: 6
- Completed: 2024-09-03
Significance
This represents MetaDAO's operational infrastructure maturation following its strategic partnership (Proposal 19). The proposal demonstrates futarchy governance applied to treasury operations and legal entity management. The use of a memo instruction as legally binding countersignature (per MetaDAO LLC's operating agreement) shows how on-chain governance can create enforceable legal commitments. The explicit IP ownership clause and cost responsibility limitations show careful legal structuring to maintain DAO control while enabling compliant contributor payments.
Relationship to KB
- metadao — treasury and operational governance decision
- organization-technology-llc — entity created through this proposal
- Related to futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance