m3taversal
1073c231c8
Co-authored-by: m3taversal <m3taversal@gmail.com> Co-committed-by: m3taversal <m3taversal@gmail.com>
80 lines
4 KiB
Markdown
80 lines
4 KiB
Markdown
---
|
||
type: source
|
||
title: "Futardio: Enter Services Agreement with Organization Technology LLC?"
|
||
author: "futard.io"
|
||
url: "https://www.futard.io/proposal/53EDms4zPkp4khbwBT3eXWhMALiMwssg7f5zckq22tH5"
|
||
date: 2024-08-31
|
||
domain: internet-finance
|
||
format: data
|
||
status: unprocessed
|
||
tags: [futardio, metadao, futarchy, solana, governance]
|
||
event_type: proposal
|
||
---
|
||
|
||
## Proposal Details
|
||
- Project: MetaDAO
|
||
- Proposal: Enter Services Agreement with Organization Technology LLC?
|
||
- Status: Passed
|
||
- Created: 2024-08-31
|
||
- URL: https://www.futard.io/proposal/53EDms4zPkp4khbwBT3eXWhMALiMwssg7f5zckq22tH5
|
||
- Description: To support MetaDAO’s operations, we have created a US entity as a vehicle for paying MetaDAO contributors. We are creating this proposal with a memo instruction to agree and sign the services agreement, which is legally binding as defined in MetaDAO LLC’s operating agreement.
|
||
- Categories: {'category': 'Dao'}, {'category': 'Governance'}
|
||
- Discussion: https://discord.gg/xFgPvnrcUc
|
||
|
||
## Summary
|
||
|
||
### 🎯 Key Points
|
||
The proposal seeks to enter a services agreement with Organization Technology LLC to facilitate payments to MetaDAO contributors, ensuring that all intellectual property remains owned by MetaDAO LLC and establishing a framework for costs and responsibilities.
|
||
|
||
### 📊 Impact Analysis
|
||
#### 👥 Stakeholder Impact
|
||
This agreement will enable MetaDAO contributors to receive compensation through a structured entity, enhancing operational efficiency.
|
||
|
||
#### 📈 Upside Potential
|
||
The establishment of a US entity and clear financial management could streamline operations and support the growth of MetaDAO.
|
||
|
||
#### 📉 Risk Factors
|
||
There is a risk of financial burden with an annualized burn of $1.378M, which could impact MetaDAO's sustainability if not managed carefully.
|
||
|
||
## Content
|
||
|
||
#### Type
|
||
|
||
Operations Direct Action
|
||
|
||
#### Author(s)
|
||
|
||
Nallok, Proph3t
|
||
|
||
### Overview
|
||
|
||
Four weeks ago, MetaDAO completed its strategic partnership as part of [Proposal 19](https://futarchy.metadao.fi/metadao/proposals/9BMRY1HBe61MJoKEd9AAW5iNQyws2vGK6vuL49oR3AzX). To support MetaDAO’s operations, we have created a US entity as a vehicle for paying MetaDAO contributors.
|
||
|
||
Of note is:
|
||
|
||
- This entity does not have nor will own any intellectual property, all efforts produced are owned by MetaDAO LLC.
|
||
- This entity will be responsible for the costs of services and development and not have authority to encumber MetaDAO LLC.
|
||
|
||
We are creating this proposal with a memo instruction to agree and sign the services agreement, which is legally binding as defined in MetaDAO LLC’s operating agreement. You can review this agreement here:
|
||
|
||
[https://docs.google.com/document/d/1vvl94DpvSpJoPGFyESs1TbGpnNf6zGBYp5a-5wwGXgM](https://docs.google.com/document/d/1vvl94DpvSpJoPGFyESs1TbGpnNf6zGBYp5a-5wwGXgM)
|
||
|
||
If passed this proposal will execute the memo instructions which will act as a countersignatory to the agreement. The first disbursement from MetaDAO LLC to the entity will occur on September 1st, 2024 or when passed, whichever is later.
|
||
|
||
This agreement can be canceled by the DAO with a 30 day notice or immediately through material breach of contract by either party. A 30 day notice and cancellation would need to be executed through a proposal.
|
||
|
||
If any significant material expense is to be assessed or significant changes to the contract are to be made, those shall be put through the governance process of MetaDAO.
|
||
|
||
- The expected annualized burn is $1.378M.
|
||
- You can read about our [Q3 Roadmap](https://futarchy.metadao.fi/metadao/proposals/7AbivixQZTrgnqpmyxW2j1dd4Jyy15K3T2T7MEgfg8DZ).
|
||
- For where current numbers in the agreement were arrived at you can review the [alignment proposal](https://futarchy.metadao.fi/metadao/proposals/BgHv9GutbnsXZLZQHqPL8BbGWwtcaRDWx82aeRMNmJbG).
|
||
|
||
## Raw Data
|
||
|
||
- Proposal account: `53EDms4zPkp4khbwBT3eXWhMALiMwssg7f5zckq22tH5`
|
||
- Proposal number: 6
|
||
- DAO account: `CNMZgxYsQpygk8CLN9Su1igwXX2kHtcawaNAGuBPv3G9`
|
||
- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
|
||
- Autocrat version: 0.3
|
||
- Completed: 2024-09-03
|
||
- Ended: 2024-09-03
|