CIP #12 - Set up a legal representative to the DAO

—- Summary -— Set up a legal representative to the DAO

—- Rationale -— Today marks an important milestone in the development of our protocol. As you are aware, our path towards decentralization began with the establishment of a pre-governance group, named the "Proto DAO." The Proto DAO is not meant to last indefinitely, but rather to evolve into the protocol's governance system itself, by welcoming all CVG holders into its ranks.

To operate within the traditional economic sphere, our DAO will need a legal representative, an agent, who will act on behalf of and for the DAO. It is important to clarify that the agent is not the DAO, and this agent is in no way intended to hold the assets of the protocol.

Here is a brief description of the general operation of this agent. Members of the Convergence DAO issue a proposal leading to the hiring of a given service provider. This service provider is organized as a legal entity, meaning it can only contract with another legal entity. The agent of the Convergence DAO can conclude the contract with this service provider after the proposal and its terms are accepted by the token holders. The agent has only an execution role.

--Means-- It is proposed today to the Proto-DAO to decide on the incorporation of the Convergence DAO's Agent (who will initially be the agent of the Proto-DAO, and later the agent of the DAO as such). The incorporation of an agent in the form of a Swiss law association is proposed for voting today.

Switzerland has distinguished itself by its economic and political stability for several decades. It is recognized for its stable legislative and regulatory framework, thus attracting a significant number of agents and blockchain protocol managers. Unlike offshore jurisdictions such as the British Virgin Islands or the Cayman Islands, Switzerland offers a transparent onshore jurisdiction, integrated into the global financial system while offering tax advantages and regulations adapted to new technologies and economic models.

--Vote-- For Against Abstain Do not take part in the vote