Summary

Decentralized science was born out of a desire to make human progress unstoppable, permissionless, collaborative, and open to all.

bio.xyz accelerates decentralized science.

This proposal, BIOP-1, codifies the Mission, Vision, and Values of bio.xyz.

Introducing bio.xyz

As a biotech decentralized autonomous organization (BioDAO) accelerator and DeSci meta-governance layer, bio.xyz funds and supports builders in decentralized science working on a range of therapeutic areas and infrastructure projects. bio.xyz enables BioDAOs to fund, govern, and develop tokenized intellectual property (IP) from universities, companies, and researchers worldwide, catalyzing a Cambrian explosion of community-led translational science with shared resources, mentorship, network, and a suite of legal and smart contracts.

Accelerating the accelerators of DeSci

BioDAOs are the preeminent organizational structure for accelerating decentralized science in specific therapeutic areas. Some examples include VitaDAO in longevity; AthenaDAO in women's health; ValleyDAO in synthetic biology; HairDAO for hair loss; and CryoDAO in cryopreservation. These organizations grow large networks of contributors to fund research, coordinate using a native governance token, and foster sustainability by commercializing research and reinvesting proceeds back into their treasuries to create evergreen funding mechanisms.

bio.xyz is an incubator, accelerator, and meta-governance layer for these BioDAOs. It provides support in exchange for their native governance tokens, creating a DAO-of-DAOs, or network of networks.

The BIOeconomy

bio.xyz is building a decentralized financial system that connects and integrates all of its underlying tokens through BIO governance and network effects: the BIOeconomy.

Utilizing tried and tested DeFi components, bio.xyz revolutionizes how science and scientific communities are funded, traded and governed. Through token-curation and staking mechanisms, bio.xyz empowers stakeholders to signal funding directions for BioDAOs.

The BIO token gives holders the power to manage to vote on individual proposals, and steer liquidity mining incentives for BioDAOs. BIO reinforces network effects and incentivizes contributors across the bio.xyz ecosystem.

By blending DeFi and DeSci, bio.xyz enables liquid science, fostering a robust and interconnected BIOeconomy.

Proposal: Ratification of Mission, Vision and Values

Mission Statement

Our mission is to advance community-driven, decentralized science by building the most impactful and aligned network of DAOs, talent, and capital.

bio.xyz advances community-driven DeSci by accelerating BioDAOs through financial support, mentorship, a robust network, DeFi integrations, and tools for building onchain research portfolios using Intellectual Property Non-Fungible Tokens (IP-NFTs) and Intellectual Property Tokens (IPTs) for funding, governing, developing and commercializing translational science. Additionally, a major focus is on enabling patient communities empowering community-led capital formation in areas currently overlooked by traditional pharma or biotech to form and conduct decentralized trials.

Vision Statement

bio.xyz envisions a future where permissionless science thrives on the principles of decentralization, collaboration, and immutability.

DAOs will transform the landscape of research and development, making significant contributions to translational science across all fields relevant to human progress. We aspire to create a world where the brightest minds come together to make groundbreaking advancements accessible and beneficial for all.

Values

At bio.xyz, our core values guide our mission to advance community-driven, decentralized science:

• Innovation: Pioneering novel approaches to driving progress in biotech through DAOs and DeSci.
• Collaboration: Fostering a community that shares expertise, resources, and goals.
• Decentralization: Championing decentralized governance as the key to democratizing science and accelerating innovation.
• Commitment to Excellence: Striving for the highest standards in accelerating and guiding DAOs.
• Empowerment: Enabling future builders with tools, knowledge, and support systems for success.
• Integrity: Committing to transparency and ethical practices in all our operations.
• Immutability: Ensuring permanence and reliability, building trust and consistency in decentralized scientific advancements.
• Incentive alignment: Leveraging meta governance to align network participants with the goal of human progress.
• Global Impact: Generating enduring positive impact on the world through decentralized biotechnological advancements.
• Sovereign ownership: From scientists to patients and beyond, everyone has the right to participate in the ownership and governance of innovation.

V1 Simple Governance Framework Overview

• bio.xyz members are defined as those holding BIO
• bio.xyz members govern bio.xyz by voting on bio.xyz proposals using BIO
• bio.xyz members’ votes are weighted by the amount of BIO tokens they hold
• Voting is conducted through Snapshot and outcomes are determined by majority vote of quorum equal to 15,000,000 of the circulating BIO supply. This number will increase in accordance with the supply of circulated tokens increasing
• bio.xyz treasury and smart contracts are controlled by a multisig whose members sign for actions voted on by BIO holders in good faith
• Over time additional governance mechanisms may emerge, e.g. bio.xyz members may delegate votes to members of their choosing, implement hard and soft governance measures, or explore new tooling beyond Snapshot

Multisig

The bio.xyz multisig is initially operated by a cohort of genesis recipients with 9 signers in total.