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Blog iconKALI
Mar 5

Keep: An Ownership App

It has been a year since Kali was summoned to launch DAOs and provide on-chain legal tools. The time since has been spent absorbing the needs of organizations and we are now thrilled to debut our V2 software to close out #ETHDenver2023: keep.kali.gg/createStart a real digital domainKeep is an ownership app (or opp). Where many tools seek to minimize governance, we choose to abstract and grow it. Keep takes advantage of meta-transactions and new standards like account abstraction (ERC4337) to ...

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Case Study: Cougar DAO

DAO LLCs by KALI

DAO LLCs by KALI

Introducing Wrappr: The Legal Wrapping Suite

Introducing Wrappr: The Legal Wrapping Suite

KALI Deep Dive: Series LLCs

KALI Deep Dive: Series LLCs

Limited Liability on the Internet

Limited Liability on the Internet

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Keep: An Ownership App

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Post cover image
Blog iconKALI
Jan 20
Case Study: Cougar DAO
What started as a group of friends trying to bid on an island ended with the first-ever purchase of an actual farm by a DAO. This case study on CougarDAO LLC begins a series documenting how projects are using smart contracts to drive their operations. The idea was simple: to purchase and manage income-generating property with a DAO. In order to do so, members of the Real World Asset Consortium deployed Cougar DAO — a member-managed LLC formed through the Kali app. Every token holder of Cougar...
Limited Liability on the Internet
Blog iconKALI
Dec 31
When Kali launched earlier this year, the goal was simple — crowdsource a DAO incorporator. Using MolochDAO as our codebase and LexDAO as our legal source, we designed Kali to be simple, efficient, and familiar, with templates co-created with other crypto lawyers. Broadly, we observed a critical market need to install limited liability to the activities of DAOs and contributors, and are pleased to get recognition for this work from Paradigm and DAO Research Collective. This need is highlighte...
Introducing Wrappr: The Legal Wrapping Suite
Blog iconKALI
Sep 14
Having our financial lives always online with crypto is a blessing and a curse. Total strangers can share resources and move faster. Office hours are a thing of the past. With computers to handle promises (smart contracts), we can deal with each other and scale against our collective trust issues. But what happens when things go wrong? Who is responsible for taxes? Financial history is everywhere, and our transactions are open to plaintiffs and governments. Needless to say, liability has not ...
All-bases-covered DAO fundraising
Blog iconKALI
May 5
Fundraising for DAOs is entering a growth phase. This should be no surprise, as making DAOs is easier than traditional companies and much more fun. Accelerating the trend of ‘always online’ finance, legal structuring can be done on KALI at a fraction of the time and cost of web2 solutions like Stripe Atlas. Fundraising still has practical regulatory concerns regardless of technology. Who can purchase tokens and what stakes they have in a DAO will always raise legal questions and compliance he...
KALI Deep Dive: Series LLCs
Blog iconKALI
Apr 21
Their Place on the Legal Spectrum and Associated Traits The following is a guest post by J. Mason Bump, a web3 attorney, LexDAO guild member, and KALI contributor. KALI provides tooling through a Series LLC formation that hosts sub-LLCs and allows users to instantly create an LLC with its own liability protections and rights. This post clarifies the state of law and background around Series LLCs.History/IntroductionDespite having been around for several decades, Series LLCs are still rarely u...
DAO LLCs by KALI
Blog iconKALI
Mar 13
Limited liability is a tool for DAO entrepreneurs to restrict the risks of having their personal assets at stake just for joining and participating in a DAO. Legal entities also allow DAOs to own off-chain assets and enter into agreements to make real asset purchases, open bank accounts, and hire contractors. KALI has simplified the steps to form a DAO LLC (or KALI Co) and we have been encouraged to see our users take advantage of this option as they venture out into the brave new world of sm...
KALI Arrives
Blog iconKALI
Feb 8
KALI has finished beta and is now live on Ethereum, Arbitrum and Rinkeby (testnet). The application allows anyone in the world to deploy a DAO and design a legal structure that fits their needs in seconds. KALI works for founders building a product and investors collecting tokens, and is flexible to add different kinds of extensions, such as fundraising, redemptions and permissions. Get started here.KALI for FOUNDERS The common pain points for teams building software products or selling servi...
Dos Commas Club: NFT Registry for Accredited Investors
Blog iconKALI
Dec 17
Whitelisting blockchain assets is no cardinal sin, and in many cases, a necessity in order to make investment offerings. While we remain optimistic on the progressive arc of securities regulation reform, these laws loom large on companies that want to raise funds and avoid compliance heartburn. Enter Dos Commas Club: a whimsical yet useful device to bring accredited investors onboard with KaliCos and the greater DAO ecosystem. The Club is limited to 100 members to showcase early supporters, a...
KaliCo for DAO Business
Blog iconKALI
Dec 13
DAOs are coming of age and entering everyday life. Following the launch of MolochV2 for investors in January 2020 and Compound governance for protocols shortly after, the use of web3 org tech has grown dramatically, commanding billions of dollars in digital assets and employing thousands. The next wave of DAO adoption will interface with CeFi and other traditional elements to complete this picture. Users will be able to run their entire financial lives online and coordinate with employers and...