Summary

Vitality Healthspan Foundation (VHF) is VitaDAO’s partner not-for-profit aligned with VitaDAO in supporting longevity and healthspan-related research and interventions. VHF has the capacity to fund research by making donations in fiat and by purchasing equity in companies not yet open to NFT-based financing from VitaDAO. This proposal is to make an additional arm’s-length loan from VitaDAO to VHF, secured against the underlying equity in companies VHF in turn funds.

Details

VHF previously funded several early-stage longevity biotech startups in alignment with assessments voted on by the VitaDAO community, and has indicated a willingness to further collaborate with VitaDAO on finding and funding the best opportunities, due diligence, and logistical support. The VitaDAO community has other, similar projects in the pipeline. For some of those VitaDAO has already invested significant incubation and due diligence effort. Others are still early in the deal flow, but could turn out to be good opportunities. VHF is positioned to help bring those projects to life.

Specification

VHF and VitaDAO’s interests are aligned in bringing these projects to life. Since VHF does not have the funds, but has the capacity to do so, VitaDAO can loan VHF the funds and secure the loan against the underlying equity assets. VitaDAO, through a secured loan agreement for $400,000, could help VHF fund up to 8 projects within the $50-100K range. This proposal is consistent with the Discourse proposal “VDP-96 [Governance] Increase of allocation for equity investments”, where the majority of voters supported a 400k increase over the other options: https://gov.vitadao.com/t/vdp-96-governance-increase-of-allocation-for-equity-investments/1264

Vote

We ask you, token holders, to choose one among the four options of the above Discourse proposal:

1. I agree to provide a $400k secured loan to VHF so they may fund equity-type projects.
2. I agree to provide a $300k secured loan to VHF so they may fund equity-type projects.
3. I agree to provide a $200k secured loan to VHF so they may fund equity-type projects.
4. I do not agree to provide a secured loan to VHF so they may fund equity-type projects.

Your votes will be taken into account in the following manner:

1. If the sum of the votes for options 1, 2 and 3 is strictly more than 50%, an additional allocation will be computed based on the vote-weighted average among these three options
2. If the votes for option 4 are above or equal to 50%, no additional allocation will be made available.