VDP-24: VitaDAO SPV for Strategic Contributors

Proposals Passed Proposals
1

This is a proposal for the formation of a special-purpose vehicle (SPV) to serve as a bridge for strategic contributors.

Motivation

Forming a special-purpose vehicle (SPV) should serve as a bridge for strategic contributors, e.g. institutional actors like pharmaceutical companies and funds, to participate in VitaDAO through control of VITA allocated to the SPV pursuant to VDP-11.

Specification

The SPV would be a Swiss Association formed with the assistance of expert Swiss counsel. The SPV would hold VITA, allowing for the SPV’s shareholders to vote on VDPs. Members/shareholders of the SPV should not be required to vote as a single bloc, but rather be empowered to vote with their pro rata portions of the VITA held by the SPV.

Implementation

The formation would be managed by the Legal Working Group using budget surplus from the Legal Working Group’s budget allocation pursuant to VDP-3.

This should be a subject of lively discussion related to the principles of DeSci, radical inclusion, and the mission and vision of VitaDAO. Please find your voice, share your opinion, and engage in dialectic.

  • Agree
  • Agree with revisions (please comment)
  • Disagree

0 voters

3 Likes
2

This is an excellent proposal, fully support!

3

Got some question:
a.) is it one SPV per “strategic contributor” , or is it one SPV for all “strategic contributors”?

if it is b.) can the “strategic contributors” cast their votes independently of each other or does the entire SVP have to vote for the same thing?

4

B) all Strategic Contributors in one SPV.

Members/shareholders of the SPV should not be required to vote as a single bloc, but rather be empowered to vote with their pro rata portions of the VITA held by the SPV.

3 Likes
5

Ok that’s great that they can vote with pro rata portions. Would have been worried if it would be a block vote - not too decentralised :wink:

2 Likes
6

would be great to include that in the proposal though for clarification.

1 Like
7

GG @Jesse, you’re on fire :fire::yellow_heart:

Curious how they’ll do this. Will they get a way to interact with wallets / safes / smart contracts to be able to vote but not move the tokens outside the SPV?

One idea I have is to aggregate their votes (100 yes, 60 no–> the SPV votes with 40) or have 2-3 addresses (for yes, no and optionally abstain) and move the respective tokens accordingly.

2 Likes
8

With our current Snapshot.org voting system, tokens can remain inside the SPV and still be used to vote.

The SPV could create wallets for each of its contributors to hold their token allocations in, so there’s not just a single SPV wallet.

I like the aggregation idea. But if the SPV can just create wallets for its contributors then does it need to aggregate + vote as a block? It can just leave it up to its contributors to cast their votes.

1 Like
9

ohh so they would get access to the private keys to be able to sign the votes on snapshot?

10

The SPV contributors should either directly or via a designated proxy be able to access their VITA balances for voting.

11

This proposal is now live on Snapshot.

1 Like