KIP-67: Cayman Island Entity Establishment

Simple Summary

Create an entity that helps the DAO manage IP, expenses, and compliance.

Abstract

Kwenta Core Contributors will work with Horizons and counsel to establish an orphaned entity in the Cayman Islands.

Motivation

Kwenta currently has scalability issues: Kwenta code is currently open source, meaning all code can be forked by others, leaving the DAO vulnerable to developers seeking to copy code and Kwenta cannot take on large expenses as this burdens community members being issued grants for handling costs. Additionally, many traditional institutions cannot establish business relations with DAOs that do not have compliance regimes, which limits our prospective users significantly. In order for the DAO to mature as a competitive trading platform, Kwenta needs an entity that addresses these pain points.

Specification

For more information, visit: https://kwenta-gov.on.fleek.co/seeds/maple.radicle.garden/rad:git:hnrkq1oex148yz4zi9tm7spfnjaryyuc93yay/tree/master/kips/drafts/kip-67.md