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DAO Components

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

Semi-autonomous elements share the DAO 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 everywhere.

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

Management systems

The DAO property owner is a charitable corporation operated by its semi-autonomous management system sharing LG governance systems:

  • Piglet’s Nectar, a Texas engineering and community agency building DAO tools and systems
  • Brazos River Ventures, a Texas developer since 2006, directs real estate acquisitions
  • Start Construction, a Texas builder since 2006, directs construction of mutual property
  • My Home Residential, a Texas property manager since 2007, manages real estate for mutual associates
  • Brazos River Properties, a Texas property manager since 2007, acts as a single mutual cashier for the benefit of all Loci associates

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