Gnosis

The GnosisDAO (the “DAO”) approved, with the successful passage of GIP-94, the establishment of a legal conduit, Gnosis Asset Holdings I Foundation, which was set up to onboard Centrifuge Prime (as described in GIP-94) and to also hold other illiquid investments, including those made historically by the Gnosis Builders as described in GIP-96.

This proposal intends to seek a vote from the DAO to establish another legal conduit, the Gnosis Operations Foundation (the “Foundation”), to provide the DAO with an additional mechanism for executing work in a decentralized environment.

For reference:

GIP-94 https://forum.gnosis.io/t/gip-94-should-the-gnosisdao-approve-the-gnosis-assets-holding-i-foundation-for-onboarding-into-centrifuge-prime/8331

GIP-96 https://forum.gnosis.io/t/gip-96-should-the-gnosisdao-allow-the-legal-conduit-being-set-up-to-onboard-centrifuge-prime-to-also-hold-other-investments-including-those-made-by-the-gnosis-builders-prior-to-their-dissolution/8334

Pricing and payment

The pricing for this proposal is structured to streamline fees.

The fee structure is as follows:

Fees Structural Setup up to 50,000 USDC - To be paid immediately for lawyers and Cayman service providers to set up a Cayman foundation company to the benefit of the DAO, any unused budget will be returned to the DAO treasury. The structure may require ongoing fees but will be assessed on a periodic basis and only after approval from the DAO.

Ongoing per annum governance and corporate expenses estimated at 45,000 USDC to be paid for provision of registered office, Secretary services, Supervisor, Director, MLRO/DMLO services.