HYDRA-1: Constitution

Submitted by: HydraCore Team Members: HydraCore

1. Problem

HydraDAO needs a fundamental constitutional document spelling out a clear vision and mission, and immutable governance processes.

2. Solution

The following HydraDAO Constitution is proposed to Members for voting on:

Vision

HydraDAO is unlocking the future of life through the advancement of replacement technologies. Replacement is an engineering approach to aging that requires fewer fundamental advances in discovery in aging/biology. It includes:

1. Whole body replacement via cloned or synthetic embryo with neocortex knockout for head or brain transplant.
2. Progressive brain replacement via stem cell-based tissue engineering.
3. Total replacement of aged body parts with lab-grown or xeno-derived young parts.
4. Regeneration of limbs, organs, and other body parts in situ.

We envision a world where humans will be able to achieve biological replacement on demand.

Mission

HydraDAO is a decentralized science DAO. Our purpose is to finance academic, research, and commercial projects in the field of replacement, including whole-body replacement.

In the next ten years, we aim to enable biological replacement parts for humans, including whole-body replacement, with the ultimate goal of radically extending the human lifespan.

HydraDAO broadly strives to allocate 50% of its resources to groundbreaking moonshot projects rather than funding for incremental technological and scientific progress. We strive to allocate 25% of resources to more immediately relevant topics that would allow for faster integration into medical routine, and 25% to opportunistic topics such as working with reputable organizations on joint projects.

Governance

HydraDAO does not have a CEO or Board of Directors. Its Members govern the organization through voting on governance proposals with $Hydra tokens. A person or organization verifiably holding at least one $Hydra token becomes a Member automatically. Each $Hydra token counts as one vote and the majority decision, as defined by the DAO, is executed. Proposals are published and can be voted on through the DAO’s Snapshot: https://vote.hydradao.org/

All votes are recorded on Snapshot, providing a transparent record of governance actions. Additionally, HydraDAO may employ third-party audits and community oversight to ensure the integrity of the voting process.

$Hydra is a governance token, serving solely for decision-making within the DAO. It does not represent an investment or an opportunity for economic gain. $Hydra holders should not expect any form of financial return from purchasing this token. Its purpose is exclusively to enable participation in governance decisions, without any implied promise of financial profit. $Hydra therefore exclusively enables governance privileges for token holders.

In addition to giving the ability to token holders to vote on internal organizational structures, awareness activities, and funding high-impact replacement research, holding the token enables Members to govern the HydraDAO Treasury. HydraDAO’s multi-sig is exclusively operated and maintained by the DAO’s internal body HydraCore, who acts on the will of the Members and the DAO Constitution. HydraCore is empowered by the Members to always ensure DAO liabilities have been settled on time, and that the DAO and its operations remain compliant.

Due to regulatory and compliance requirements, HydraDAO Members may never receive, however unlikely, dividends or profits generated through the activities of the organization. Governance proposals introducing any kind of financial benefits to Members will be automatically rejected. Passing such a proposal would result in the immediate dissolution of the DAO.

How we achieve our goals

HydraDAO is not a for-profit organization. It has been designed and is functioning as a decentralized autonomous organization with philanthropic values in mind, with the primary goal of accelerating high-impact science and technological progress related to replacement technologies.

HydraDAO funds projects based on project proposals. Proposals are submitted by individuals and organizations on the topic of replacement, peer-reviewed by HydraDAO’s evaluators for scientific, clinical, and business relevance, and pending a positive review, proposed for funding. Once funding is released, the Members empowered by the community monitor the project through its phases, and offer assistance to its implementation based on internal expertise. HydraDAO may incubate projects internally.

HydraDAO’s internal units are Pods, composed of Members. They are tasked by the Member community to perform a set of thematic activities in line with the Mission and Vision of the DAO. Pods encourage Member involvement. Members elect Stewards from the community, who are operationally responsible for the Pods. Pods foster a culture of open communication, accountability, and trust, and incentivize efficiency and results by rewarding Members and contributors based on their performance.

HydraDAO owns a multi-sig. The multi-sig signers must, and always will, reject any transaction that may be illegal or is not in line with the DAO Constitution, regardless of whether a governance proposal regarding the transaction has been voted for by the Members.

Treasury Sustainability

HydraDAO employs a rational economic approach to replenish and maintain Treasury sustainability.

HydraDAO may employ modern tokenomics strategies to diversify Treasury holdings and minimize risk. We may employ auctions, financing rounds, and other funding tools involving exchanging fiat and fiat-equivalents for our governance token to replenish the Treasury. Projects funded by HydraDAO may directly or indirectly provide sustainability through IP, licensing, royalties, equity, or other mechanisms.

HydraDAO does not implement any Treasury-related activities with the goal of turning a profit for its Members. Any potential Treasury gains will be reintegrated into funding and implementing more projects accelerating high-impact science and technological progress related to Hydrapreservation and biostasis technologies.

3. Requested Budget

No budget is requested for the implementation of this proposal.

4. Timeline

This proposal should be executed immediately upon a positive community vote.