MIP-17 DAO restructuring & Housekeeping

Authors Dao Core contributors

Summary This proposal seeks to propose a restructuring of the DAO and formalise the relationships between the corporate entities that currently form part of the DAO. It also proposes that the DAO forms several new entities that will carry out different functions to ensure the smooth operation of the DAO.

Lastly, the proposal seeks to give a development company a mandate to carry out day to day operations for the DAO’s benefit. The existing DAO operations are intended to continue through this new structure and will not be adversely affected by the restructuring.

Budget

• On-going budget DAO operational costs and R&D spending
• There is no additional budget required for the development entity, as the funds are transferred back from Merit Circle Limited to the DAO, before being granted to OPL via the newly formed MCDAO Ltd.

Should the DAO proceed with this restructuring and housekeeping proposal?