The DAO

Decentralized Autonomous Organizations (DAOs)

DAOs are organizations governed through the interaction of their members with smart contracts. This use of smart contacts allows for greater efficiency in decision making by preserving mutually-agreed parameters that are mandated and then followed until such a time that code is changed by popular consent. Through the participation of an involved community of investors, the Own.fund provides the checks and balances necessary to run a successful fund.

The Own.fund DAO and Treasury

The Own.fund is organized as a legal entity (a Cayman Islands limited liability company). The DAOs funds are held within a "multisig" (multiple-signature) "treasury" contract for reasons of security and efficiency.

For this treasury, Gnosis Safes have been created on Ethereum mainnet and on Polygon. These safes can be monitored at the following addresses:

mainnet:0x97b5bCfeA315D68f8007cA93bf6020a78dd26D49 polygon:0xFfF1d15AdecbF4e5c2Cf789D69472b80D0fFdc10

Gnosis Safes were chosen as it allows the Own.fund to customize how the the assets contained are controlled by predefining the number of signatures required from particular wallets in order to confirm a transaction. In the Own.fund's case, it is necessary for 4 of 7 registered wallets to confirm a transaction before it is executed.

The signers of the treasury multisigs and the number required to execute transactions have been chosen based on the desire to combine security with the ability to act quickly. The identities of all signers are known and each are in a position that would highly disinsentivize malicious behavior. The signers are:

acidbird - Fund Operations - 0x18856179B08b4C92Bf5ad5c7A16e11ac8Bd022aA

Ben Middleton - MetaCartel - 0xdF1ec2e8DCe181087c9f05bb32523AFcbe9761DD

Marc Weinstein - Mechanism Capital - 0x953a50bd2daAa852A4Bc3E58b3AcFb95EA4E82D2

Simona Pop - Status - 0xfB82fBEb335848Ac7563219c2BEbED07e5291475

Stefano Schiavi - Bitscale Capital - 0x85c53AB4CA3b79C6680569E95fB56e6a4Fb6Bd87

Yonaton Ben Shimon - YBS Capital - 0xe913816d43De7313c7D96AF48B4F242991a3ec4a

TerraBellus - Hundred Finance - ​0xA9903BDA477b9A57BD795AdFf9922cB98DB65F04

Tax Situation

Each member of the Own.fund is responsible for ensuring they follow their own jurisdiction's relevant tax regulations in regards to joining the fund and when accounting for any outcome of its investments.