PrimeDAO

As posted on the Prime Forum: https://forum.prime.xyz/t/prime-vitadao-partnership/121

This partnership agreement is initiation on the 3th of March 2022, by and between: VitaDAO, a community owned collective funding early stage longevity research, governed through the VitaDAO Snapshot.

and

PrimeDAO, a A DAO collective focused on researching and building next-generation coordination tools for decentralized organizations, governed through the PrimeDAO Boardroom. Partnership Purpose The partnership aims to align the interest of the parties to intensify the collaboration between the organization. Background on the Partnership VitaDAO and PrimeDAO share a common purpose to push the abilities of DAO to fund and advance human potential. Contributors of the DAOs have been connected and sharing knowledge since the early days of DAOs, back in 2019. Both groups see value in intensifying our relationship with this partnership agreement. Commitment of the Organizations Both parties agreed that they intend to contribute the following towards this partnerships: Token Swap: To align governance interests, a Token Swap between the two organizations is initiated as part of this agreement. $50.000 worth of VITA will be swapped for $50,000 of D2D taken the 30-day average at the end of the vote on both sides.

Co-liquidity Provision: To enhance alignment, the DAOs

1. VitaDAO will match the received D2D tokens with an equal value in BAL tokens from its treasury and add it to the 50% D2D x 50% BAL pool on Balancer.
2. PrimeDAO will match the received VITA with an amount of WETH - equal to 25% of the amount received - and add it to the 80% VITA x 20% WETH pool on Balancer. Both DAOs will be eligible to earn rewards associated with these two pools. There are no lock-ups or limitations to which the DAOs need to adhere to in regards to the received tokens, however it is expected that both DAOs will communicate any changes to the usage of the tokens to the other party.