KALIDAO LLCs by KALI
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...
KALIIntroducing Wrappr: The Legal Wrapping Suite
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 ...
KALICase 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...
DAO Formations
KALIDAO LLCs by KALI
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...
KALIIntroducing Wrappr: The Legal Wrapping Suite
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 ...
KALICase 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...
DAO Formations
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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 services are (i) setting up a bank account, (ii) structuring an entity to limit their liability, (iii) raising funds in a quick and efficient manner, and (iv) forming contractual relationships with consultants and service providers. There are also frequent upkeep tasks, such as tracking ownership and making payments across borders. These points are more sharply felt for international teams that might want to remain anonymous, which is often the case for web3 builders.
KALI knocks these blockers down in a few clicks. It is now dead simple to deploy a token-governed treasury and build a mirrortable to reflect capitalization through a guided interface.
Founders can also collect and track investments through their KALI DAO dashboard. As ERC-20 tokens, their stakes can be easily managed by the ecosystem of DeFi and other smart contracts, such as Sablier for continuous vesting. Fundraising is also far more efficient on KALI than using web2 wire payments, since teams can program and launch fundraisers on deployment or through proposal and receive ETH or any token.
Legal structuring can be further managed through the KALI Ricardian LLC product, which mints an NFT to grant a DAO status as an LLC under the KALI Delaware Series LLC filing.
Therefore founders can in a few clicks deploy their company as a DAO, wrap into an LLC, and start making payments and collecting funds all from a single application. Most importantly, KALI users truly own their organization and have autonomy as the contracts are trustless and entirely managed by their respective DAO token stakes. Users are further not boxed into deployment parameters, as the KALI contracts can be amended through proposal as needs evolve.
KALI for INVESTORS
Forming an investment DAO is similarly streamlined on KALI.
Friends starting a casual club to collect NFTs can use our 1-click Ricardian solution to formalize their legal status (see above), and more involved groups making equity investments can use our drafting tool to create a form of LLC Operating Agreement based on the work of MetaCartel Ventures and Gabriel Shapiro to attach to their DAO.
The KALI network of LexDAO and Twali service providers are available to help users get comfortable with their legal and compliance plans.
KALI for EVERYONE
KALI is based on the simple Moloch DAO and Compound governance frameworks. These systems have maintained billions of dollars in digital assets for years and led to the rapid growth of community-driven ownership. Users at any stage of their project can take advantage of our secure and intuitive tools to launch their governance token and have the option of on-chain voting, even if they opt for composable solutions to start, like Snapshot polling. Whether you are a company looking to deploy your operations on-chain, a DAO looking to add legal structure, or a non-profit collective, KALI is designed to be flexible, comprehensive and fill in the gaps left by current DAO tooling solutions.
Questions about deployment? Join our community.
Want to stay current on KALI? Follow our twitter.
Want to join our community developer group? Fill out this form (receive perks and sneak peeks).
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 services are (i) setting up a bank account, (ii) structuring an entity to limit their liability, (iii) raising funds in a quick and efficient manner, and (iv) forming contractual relationships with consultants and service providers. There are also frequent upkeep tasks, such as tracking ownership and making payments across borders. These points are more sharply felt for international teams that might want to remain anonymous, which is often the case for web3 builders.
KALI knocks these blockers down in a few clicks. It is now dead simple to deploy a token-governed treasury and build a mirrortable to reflect capitalization through a guided interface.
Founders can also collect and track investments through their KALI DAO dashboard. As ERC-20 tokens, their stakes can be easily managed by the ecosystem of DeFi and other smart contracts, such as Sablier for continuous vesting. Fundraising is also far more efficient on KALI than using web2 wire payments, since teams can program and launch fundraisers on deployment or through proposal and receive ETH or any token.
Legal structuring can be further managed through the KALI Ricardian LLC product, which mints an NFT to grant a DAO status as an LLC under the KALI Delaware Series LLC filing.
Therefore founders can in a few clicks deploy their company as a DAO, wrap into an LLC, and start making payments and collecting funds all from a single application. Most importantly, KALI users truly own their organization and have autonomy as the contracts are trustless and entirely managed by their respective DAO token stakes. Users are further not boxed into deployment parameters, as the KALI contracts can be amended through proposal as needs evolve.
KALI for INVESTORS
Forming an investment DAO is similarly streamlined on KALI.
Friends starting a casual club to collect NFTs can use our 1-click Ricardian solution to formalize their legal status (see above), and more involved groups making equity investments can use our drafting tool to create a form of LLC Operating Agreement based on the work of MetaCartel Ventures and Gabriel Shapiro to attach to their DAO.
The KALI network of LexDAO and Twali service providers are available to help users get comfortable with their legal and compliance plans.
KALI for EVERYONE
KALI is based on the simple Moloch DAO and Compound governance frameworks. These systems have maintained billions of dollars in digital assets for years and led to the rapid growth of community-driven ownership. Users at any stage of their project can take advantage of our secure and intuitive tools to launch their governance token and have the option of on-chain voting, even if they opt for composable solutions to start, like Snapshot polling. Whether you are a company looking to deploy your operations on-chain, a DAO looking to add legal structure, or a non-profit collective, KALI is designed to be flexible, comprehensive and fill in the gaps left by current DAO tooling solutions.
Questions about deployment? Join our community.
Want to stay current on KALI? Follow our twitter.
Want to join our community developer group? Fill out this form (receive perks and sneak peeks).
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