This Constitution was created on August 11, 2022, to outline the goals of DAO DAO. DAO DAO is a collection of contributors all over the world who want to give people the tools to create decentralized autonomous organizations. Decentralized autonomous organizations empower individuals to organize themselves to accomplish tasks as a group. DAO DAO's intent is for people to use this technology to improve the quality of life on Earth and beyond for humans and their more-than-human kin.
The mission of DAO DAO is to build better governance systems. DAO DAO provides tools to build decentralized autonomous organizations. As DAO DAO continues to grow and refine its purpose, it will offer better and more useful tools to all those who wish to use them. Imagine a world in which decentralized networks of individuals around the world can organize in a coordinated, transparent, and permissionless way, in real time. To arrive at this future, we ("the "Founding Members") must clearly set forth DAO DAO's guiding principles and structure in this document. This document aims to make our intentions clear up front and deter bad actors from co-opting this project.
The Founding Members will include the DAO DAO community in the decision making process for all proposals. One way this will be done is to make signaling proposals. After a signaling proposal is made, community feedback can be collected and subsequently reflected in an official proposal. This will allow contributors to understand what they are working towards, aligning the incentives of all contributors. As DAO DAO grows to include more contributors, our governance process will mature. A good governance process will allow everyone who contributes to DAO DAO to meaningfully participate.
This Constitution should be considered a "living document" that changes with the project and the world. Interpretations and circumstances evolve, and we hope that this Constitution will evolve with technology and society.
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Membership. DAO DAO is open to all persons, without arbitrary discrimination on the basis of race, nationality, religion, age, sex, gender, sexual orientation, disability, political affiliation, or otherwise. Anyone who holds DAO DAO tokens ($DAO), are valid Members of DAO DAO ("Members"). Members have equal rights, as outlined herein, and can contribute anonymously if they wish. Members can come and go as they see fit and may participate in governance decisions when and how they see fit (or not). Members that contribute to DAO DAO may be rewarded by DAO DAO via on-chain governance votes or via off-chain rewards. Any member or group of Members may distribute their tokens in any way they see fit.
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Legal Status of DAO DAO. Given that anyone in the world can be a member of DAO DAO, we want to clarify that DAO DAO does not recognize or consent to any particular jurisdiction. It is a wholly international, primarily online, organization that exists because of the contributions of its global membership. Even if DAO DAO interfaces with government institutions in the future, DAO DAO views its true jurisdiction as the Internet, and thus maintains its jurisdictional independence unless otherwise amended in this Constitution.
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Tax Obligations of Members. All Members are solely responsible for their own individual tax obligations related to DAO DAO and $DAO tokens.
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Indemnity for Multi-Signature Signers and Founding Members. Some actions of this DAO must be carried out by multi-signature signers ("Signers") or other Founding Members. Signers have a non-discretionary duty to carry out the will of DAO DAO. DAO DAO will indemnify Signers and Founding Members for any liability incurred when carrying out non-discretionary duties on behalf of this DAO. The funds for such indemnification (including legal fees, costs, and damages) shall be taken from DAO DAO's treasury as needed.
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Non-affiliation with User-DAOs. DAO DAO exists in large part to facilitate the creation of more DAOs ("User-DAOs"). These User-DAOs are created in a permissionless fashion, and DAO DAO does not sanction each User-DAO nor its purpose. DAO DAO does not condone nor otherwise affiliate itself with User-DAOs or their outcomes. Additionally, no DAO DAO Members or affiliates shall be held responsible for the actions of any of its User-DAOs or their members. DAO DAO and its members are not responsible for financial gain or loss related to User-DAOs.
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Establishment of Sub-DAOs. Certain decision-making powers may be delegated to "Sub-DAOs." Each Sub-DAO shall be responsible for (i) making decisions within its respective subject area, and (ii) its own operation and maintenance. DAO DAO Members can formally create Sub-DAOs by majority vote. Sub-DAOs can be created or dissolved at any time by DAO DAO. Sub-DAOs may or may not have treasuries that are separate from DAO DAO's main treasury.
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Rights of Members. $DAO token ownership grants the holder a right to participate in DAO DAO governance processes. DAO DAO shall under no circumstances invalidate Member rights as a result of how said Member acquired their $DAO or for any other reason. One staked $DAO token will be equivalent to one vote in DAO DAO.
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Governance. The following governance procedures are hereby outlined:
a. Voting. Each staked $DAO token represents one "vote." A "majority vote" means that Quorum (as defined below) has been reached and that more than ½ of all staked $DAO token holders that participate in the vote have voted in a specific direction at the time of the vote. All other voting amounts referenced in this Constitution shall refer to amounts of staked $DAO outstanding at the time of the vote in question.
b. Making DAO Proposals. Any Member can propose a DAO Proposal ("DP") so long as they have the requisite number of $DAO tokens to bring a proposal (a "Proposal Deposit"). The initial Proposal Deposit will be set by DAO DAO and can be changed by majority vote. DAO DAO will determine how voting works through DAO DAO governance and all relevant information will be stored on-chain.
c. Validly Passed DAO Proposals. A validly passed DAO Proposal shall be defined as a validly brought DAO Proposal that passes the DAO's voting process. The voting process will be set by DAO governance and defined on-chain, unless otherwise specified in this Constitution.
d. Quorum. Quorum shall initially be set by DAO DAO and can be changed by majority vote..
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Code of Conduct. Harassment, bullying, hate speech, racism, sexism, sexual gratuitousness, ageism, homophobia, transphobia, and all other forms of discrimination are not tolerated within the DAO. Rudeness and consistent negativity are strongly discouraged. Members are encouraged to promote an exciting, welcoming space. Violating community standards may result in removal from shared spaces. Holding $DAO tokens does not guarantee access to common spaces.
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Limitations of This Constitution. DAO DAO recognizes that certain decisions cannot be made on-chain. As such, contributors and Founding Members may carry out off-chain decisions and initiatives without DAO approval, when appropriate. If the necessity of such initiatives are called into question, this DAO may vote, through validly passed DPs, to suspend the activity or restrict funds that are being used in furtherance of said activity.
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Changes to this Constitution. This Constitution can only be changed by a valid Quorum of $DAO tokens, with a 2/3 majority vote. Any Member may propose an amendment. An approved amendment to this Constitution shall become effective immediately following approval unless such amendment expressly provides otherwise.
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Interpretation. This DAO shall have the power to interpret this Constitution, apply such interpretations to particular circumstances, and adopt policies in furtherance of such interpretations, provided that all such actions are reasonable and consistent.
Signed by the Founding Members:
- meow
- ekez
- noah
- elsehow
- case
- callum
- baoskees
- bluenote
- de-husk
- bmorphism
- maxjuno
- trevorjtclarke
- kevingarrison
- ebaker