[GIP-190] Renewal of DAObox Engagement
AI summary
This proposal asks the Gearbox DAO to renew its contract with DAObox Inc. for another two years. DAObox currently manages the Gearbox Foundation, which handles the DAO's day-to-day operations, legal frameworks, and implements governance decisions. The renewal includes an increased annual management fee of 69,375 USDC, paid upfront for two years, totaling 138,750 USDC. This fee increase is due to the expanded responsibilities and growing complexity of managing the Foundation.
If passed, DAObox will continue to manage the Gearbox Foundation for two more years, ensuring the ongoing operation and legal compliance of the DAO. The DAO's treasury will pay DAObox 138,750 USDC for these services. This benefits the DAO by maintaining a stable operational structure, while DAObox benefits from continued engagement and increased compensation.
Voting results
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Author:
DAObox Inc.
Summary:
This proposal seeks to extend DAObox’s mandate as director and supervisor of the Gearbox Foundation (the “Foundation”) for an additional two-year term. Over the past two years, DAObox has successfully managed the Foundation’s day-to-day operations, implemented governance resolutions, and established required legal frameworks — all aimed at upholding the DAO’s long-term sustainability and advancing its decentralisation.
The renewal proposal includes an adjustment to the annual management fee, increasing it to 69,375 USDC per annum, payable upfront for two y…