apGP1: DAO Genesis

Proposer: The Honey Jar Corp.
Track: Tardfi Track

Summary

This proposal introduces a set of policies and practices to guide initial ApiologyDAO operations and evolve these guidelines over time. 

This proposal includes:

• Adopting a Governance Framework which sets standards for introducing and voting on ApiologyDAO Governance Proposals (apGPs) to ratify DAO decisions;

• Defining the role of The Beekeepers, a team nominated to carry out day-to-day operations at the direction of DAO governance, and nominating The Honey Jar Corp. to serve this role initially;

• Setting configurable parameters in apDAO’s seat NFT, seat auction house, and liquid backing smart contracts;

• Treasury management guidelines for securing, investing, and growing DAO assets over time.

Justification

To transition from design to action, we must approve a clear framework for decentralized decision-making, appoint responsible contributors to manage the hive’s core operations, and define configuration parameters that allow treasury and auction mechanisms to begin functioning.

Requested Actions

1. Adopt the apDAO Governance Framework.

   All apDAO seat holders have voting rights in apDAO, 1 vote per seat. apGOs are the way for DAO members to propose changes to the DAO and its operations. There are 4 governance tracks, each with different approval parameters, meant to balance flexibility with certainty in changing various aspects of the project.

2. Adopt the apDAO Proposal Submission Policy.

   Simple proposal format and guidelines to ensure orderly decision making.

3. Contract The Honey Jar Corp. as the initial Beekeepers:

   Scope of work:

   • Smart contract creation, optimisation, implementation, debugging, and maintenance;

   • Community & governance management;

   • Business development and strategic partnerships;

   • Product development;

   • Treasury management;

   • Multi-signature wallet management;

   • Marketing;

   • Managing and recruiting service providers including legal, audit, and fiduciary.

   Compensation:

   • 10% of any assets allocated to the member seat liquid backing treasury.

4. Adopt treasury management guidelines.

   • Genesis NFT deposits: never transfer, sell, or put at liquidation risk.

     • Up to 5,898 Honey Comb and Honey Jars Gens 1-6.

   • Partner assets acquired from deal sheets (never transfer or sell)

     • 4,005,312 PLUG/HONEY LP tokens

     • 104,217,359 PLUG/HENLO LP tokens

     • 8,400,000 POLLEN tokens

     • 27,500,000 YEET tokens

     • 2,500,000 RAMEN tokens

     • 888 Steady Teddys

     • Any other partner tokens promised to diamond paw in pre-genesis deal sheets.

   • Legal & corporate budget:

     • Transfer 12,500 BERA to Apiology Foundation.

   • Target asset exposures:

     • Maintain existing exposures; no trading permitted.

     • BERA pegged & correlated assets permitted for investment:

       • fatBERA

       • iBERA

       • gBERA

       • BREAD

     • Preferred stablecoin:

       • NECT

   • Whitelisted lending, staking, and yield protocols (earning only; no trading or borrowing):

     • Bera Hub

     • Kodiak

     • Burrbear

     • Berapaw

     • Bearn

     • Infrared

     • Smilee

     • Bread

     • Dolomite

     • Euler

     • Beraborrow

     • Wasabi

     • Beradrome

     • Yeet

     • Ramen

5. Configure ApiologyDAO smart contract parameters.

   • Auction House:

     • Duration: 1 day

     • Reserve price buffer: 10%

     • Time buffer: 5 minutes

     • Min bid increment: 5%

     • Fee: 10%

     • Random request timeout: 5 minutes

     • Minimum bid increment: 5%

     • Income directed to: liquid-backing treasury (100%)

   • Liquid Backing Treasury:

     • Min loan duration: 1 day

     • Term limit: 1 year

     • Royalty fee: 2%

     • Annual interest rate: 2%

   • Seat NFT:

     • Transfer whitelist:

       • To/from liquid backing treasury

       • To/from auction house

       • From apDAO treasury (for distributing to future partners)

       • From THJ Treasury (for fulfilling reserved seat obligations to members and partners; not permitted to sell or use for new commercial deals)

Supporting Materials

• apDAO Governance Framework

• apDAO Proposal Submission Policy

• apDAO documentation

• The Honey Jar Corp. website