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 ...

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 ...

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...

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...

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...

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...

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...

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...

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...

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 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...

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...

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...

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...

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...

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...

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...

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...