[GIP-18] DAO Round Part 2 - Community Proposal
AI summary
This proposal seeks approval for 'Part 2' of a DAO funding round, allowing community members and contributors to invest in Gearbox on the same terms as institutional investors from 'Part 1'. To address regulatory concerns and maintain privacy, the DAO will pay Aurum Law Firm $10,000 to conduct Know Your Customer (KYC) checks on potential participants. Participants must contribute a minimum of $50,000, with a total expected contribution of $2,205,000.
If approved, Gearbox will spend $10,000 on legal services, and 22 community members will invest a total of $2,205,000 into the DAO. These investors will receive tokens with a 1-year cliff and 1-year linear vesting schedule, starting September 15. This benefits the DAO by increasing its treasury and strengthens community involvement, while the investors gain early access to tokens.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
This proposal is aimed at getting DAO approval for Part 2 of the DAO round.
See this (long) forum discussion for details
Also see the discussion of part 1 of the DAO round for further context.
The idea behind part 2 of the DAO round was to find a way to allow community members (and in particular, contributors to Gearbox) to participate on the same terms as the awesome VCs who supported Gearbox in part 1 of the round. Gearbox is a DAO after all…