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Gearbox · closed proposal
[GIP-34] Setting Up a Legal Structure for the GEAR DAO
Voters
493
GEAR voted
232.82M
Token price
—
AI summary
Summary pending — generation runs every 15 minutes.
Voting results
Quorum
232.82M / 200.00M GEAR(116%)
✓ Quorum met
Yes, approve this227.43M (97.7%)
No, need more info5.39M (2.3%)
232.82M GEAR · 493 votersblock 16081505
🐳 Whale votes
0 votes > 5% VPNo whale votes on this proposal.
Full proposal
Original markdown · Gearbox
Background
We’ve been in crypto for years now and some may call us “crypto lawyers”, although we consider this definition to be not quite correct. Nevertheless, we know the market and industry quite well and frequently act not only as lawyers but as advisors as well.
While working with DeFi projects and DAOs we noticed that many organisations have certain structuring issues: at a certain point, every DAO inevitably faces the need to have a legal structure, for example, to enter into contracts, manage IP and assets, hire developers and contributors, make fiat payments, etc. Yet, ofte…
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