Independent Audit Proposal for Regenesis Labs (2025–2026)

by 0x3f6b1d01b6823ab235fc343069b62b6472774cd1 (MetaRyuk)

Linked Pre-Proposal

Independent Audit Proposal for Regenesis Labs (2025–2026)

Summary

Approve an independent audit of Regenesis Labs for 2025–2026 by Maryana (maryana.eth), an experienced auditor. Cost: USD 10,000/year. Goal: improve transparency, accountability, and trust in DAO fund usage.

Abstract

Since Regenesis Labs was formed, multiple members of the Decentraland DAO have expressed concerns about fund allocation, spending transparency, and the absence of a formal review mechanism. To address this, the DAO Council recommends an independent audit performed by Maryana, an accounting and auditing professional with experience in Big Four auditing, internal controls, financial reporting, and not-for-profit accountability.

The scope of this audit includes quarterly financial review, evaluation of disbursements, vendor payments, expense controls, and testing of financial processes. The final deliverable will be an audit report submitted to the DAO Council, along with a publicly shareable executive summary.

Motivation

Regenesis Labs manages DAO funds and operational budgets on behalf of the Decentraland DAO. As a steward of community resources, it is critical that Regenesis Labs operates with transparency and financial accountability. Community members have raised concerns regarding:

• Visibility over how funds are allocated and spent
• Lack of standardized reporting
• Need for independent review outside Regenesis Labs or the DAO Council

An independent audit addresses these concerns and reinforces confidence in DAO governance processes. The audit demonstrates responsible oversight, protects DAO funds, and supports long-term transparency.

Specification

Auditor

Name: Maryana (maryana.eth) Wallet Address: 0x9937E3e274be96a624d7Cd00F384EB71c741Dd1b Bio:

• Eight years of accounting and audit experience (Big Four auditing, internal audit, not-for-profit reporting)
• MBA in Accounting; active CPA candidate
• Strong experience in internal control assessments (healthcare, manufacturing, not-for-profit, tech), SOX compliance, and operational effectiveness
• Experienced in financial reporting and variance analysis (budget vs. actuals)
• Active DAO contributor since 2022; served on the Revocations Committee; contributed to treasury and accountability discussions at Regenesis meetup (Lisbon)

Cost

• Annual Fee: USD 10,000
• Billing Structure: USD 2,500 per quarter
• Time Allocation: Approx. 16 hours per quarter

Scope of Work The independent audit will include:

1. Financial Review

• Review of legal entity formation, disbursements, operational wallet activity
• Verification of quarterly expenses, including vendor and contractor payments
• Review of equipment spending and budget adherence

2. Controls & Documentation

• Walkthrough of expense approval processes
• Evaluation of internal controls and governance

3. Future Scope (as applicable)

• Assessment of grant expenditures and ongoing personnel cost developments

Deliverables

• Full Audit Report (submitted to DAO Council)
• Public Executive Summary (shared with DAO community to maintain transparency)

Conclusion

This proposal improves accountability, transparency, and financial stewardship of Regenesis Labs by introducing a structured, independent audit performed by a qualified professional with verifiable expertise and a strong track record within the DAO community. Approving this proposal reinforces trust, establishes a governance precedent, and ensures Regenesis Labs continues to operate responsibly on behalf of the DAO.

This proposal is summarized due to technical limitations. To view it complete and vote on it, visit the DCL DAO Governance dApp