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DAO Components

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Jason K. Willard edited this page Jan 1, 2022 · 32 revisions

Semi-autonomous components sharing a governance smart contract, LG or Loci GLOBAL

The mutual DAO is composed of smart contracts enacted by US legal entities for the benefit of Loci associates.

The DAO components include:

  • Association of individuals (unincorporated)
  • Mutual entities devoted to associates
  • Texas corporation, sole DAO borrower, mutual owner of DAO property
  • Delaware charitable corporation, guarantor of DAO indebtedness, mutual owner of DAO property
  • Guardian SPE, holds DAO ownership in trust for mutual associates
  • A private Co-trustee formed to hold Loci Mutual regulatory opinions, and to indemnify mutual directors, managers, and associates

Mutual infrastructure

  • Private and open source software owned beneficially by Loci Mutual
  • Smart contracts: governance token (LG) and Loci CMBTs secured by mutual property

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