🌳
Aera Force Greenpaper
/
🗳️
DAO Investment Voting Process
🗳️

DAO Investment Voting Process

ℹ️
The following page outlines the initial governance structure of the Aera DAO, as it pertains to voting rights, processes, and contract execution.
Voting Structure
Voting Power
Delegation of Votes
Voting Process
Voting Items
Voting Structure
Aera Force will have two groups with voting power in the Investment Committee:
  1. General Partners: Members of the DAOs founding team responsible for day-to-day operations and act as “deal leads” for the DAO;
  1. Investors: Members of the DAO who have invested in Syndicate 001 through minting an NFT
Each time a potential investment passes diligence, a member of the GP will initiate a vote, and allow every investor to vote on whether or not to invest.
Aera DAO’s investments and equity holdings are facilitated through a legal entity administered by the General Partners. All documentation required in connection with such investments shall be negotiated and consummated by management of the GP.
Voting Power
Aera DAO uses a quadratic voting based structure that takes into account an investor’s capital commitment to the Syndicate. This is done through the number of Aera NFTs an investor holds (1 Aera NFT = 10ETH commitment).
Let's say that there is a...
  • Member 1 who has contributed 20ETH to the fund, and received 2 Investment Ticket NFTs.
  • Member 2 who has contributed 100ETH to the fund, and received 10 Investment Ticket NFTs.
The fact that Member 2 has 10 NFTs means that they would generally have 5 times more voting power than Member 1 under a pro-rata structure. This voting structure is not conducive to a deliberative environment where each DAO member seeks to find consensus. So, we propose to implement quadratic voting.
In such a scenario...
  • Member 1 has
    voting points (ie, 1.4)
  • Member 2 has
    voting points (ie, 3.1)
 
Delegation of Votes
Some Investors might not want to be involved in every fund decision or vote. In this case, they can delegate their voting points to:
  1. Other Investors, which would facilitate a straight transfer of voting points;
  1. The General Partnership, which would split the voting points evenly amongst each member of the GP; or
  1. A specific member of the Green Committee.
Voting Process
Most major DAO decisions will be decided through a vote, that will be open to all Investment Ticket NFT holders. Every vote will be accompanied with a detailed proposal that explains the action, why it has been recommended, and what will happen should the vote pass. Voting will be done on Snapshot.
Voting Items
The following list includes the types of proposals that voting members will be able to vote on:
  1. Invest - distributes funds from the DAO Treasury to a project.
    1. This will be accompanied with a detailed diligence packet, argument from GP or Deal Lead, and community record.
  1. Process - Individual token holders can call a vote to move any project or company into Due Diligence, even if the Investment Committee has recommended against it. After Due Diligence, and LP can call a vote to invest, even if the Investment Committee has not.
    1. The Investment Committee (see
      🚦
      Green Team
      ) exists to expedite the process and ensure we have a constant flow of deals as the DAO grows. However, at any point, token holders and any voting members can bypass the IC and operate dealflow through votes.
  1. Budget - approves budget (either yearly for GPs, or for new initiatives)
    1. i.e. supporting a new incubator, non-profit, etc.
  1. Treasury management - eg, staking or investing funds to yield farming to increase the Treasury size while waiting to apply to investments.
 
 
 
 
🌳
Aera Force Greenpaper
/
🗳️
DAO Investment Voting Process
🗳️

DAO Investment Voting Process

ℹ️
The following page outlines the initial governance structure of the Aera DAO, as it pertains to voting rights, processes, and contract execution.
Voting Structure
Voting Power
Delegation of Votes
Voting Process
Voting Items
Voting Structure
Aera Force will have two groups with voting power in the Investment Committee:
  1. General Partners: Members of the DAOs founding team responsible for day-to-day operations and act as “deal leads” for the DAO;
  1. Investors: Members of the DAO who have invested in Syndicate 001 through minting an NFT
Each time a potential investment passes diligence, a member of the GP will initiate a vote, and allow every investor to vote on whether or not to invest.
Aera DAO’s investments and equity holdings are facilitated through a legal entity administered by the General Partners. All documentation required in connection with such investments shall be negotiated and consummated by management of the GP.
Voting Power
Aera DAO uses a quadratic voting based structure that takes into account an investor’s capital commitment to the Syndicate. This is done through the number of Aera NFTs an investor holds (1 Aera NFT = 10ETH commitment).
Let's say that there is a...
  • Member 1 who has contributed 20ETH to the fund, and received 2 Investment Ticket NFTs.
  • Member 2 who has contributed 100ETH to the fund, and received 10 Investment Ticket NFTs.
The fact that Member 2 has 10 NFTs means that they would generally have 5 times more voting power than Member 1 under a pro-rata structure. This voting structure is not conducive to a deliberative environment where each DAO member seeks to find consensus. So, we propose to implement quadratic voting.
In such a scenario...
  • Member 1 has
    voting points (ie, 1.4)
  • Member 2 has
    voting points (ie, 3.1)
 
Delegation of Votes
Some Investors might not want to be involved in every fund decision or vote. In this case, they can delegate their voting points to:
  1. Other Investors, which would facilitate a straight transfer of voting points;
  1. The General Partnership, which would split the voting points evenly amongst each member of the GP; or
  1. A specific member of the Green Committee.
Voting Process
Most major DAO decisions will be decided through a vote, that will be open to all Investment Ticket NFT holders. Every vote will be accompanied with a detailed proposal that explains the action, why it has been recommended, and what will happen should the vote pass. Voting will be done on Snapshot.
Voting Items
The following list includes the types of proposals that voting members will be able to vote on:
  1. Invest - distributes funds from the DAO Treasury to a project.
    1. This will be accompanied with a detailed diligence packet, argument from GP or Deal Lead, and community record.
  1. Process - Individual token holders can call a vote to move any project or company into Due Diligence, even if the Investment Committee has recommended against it. After Due Diligence, and LP can call a vote to invest, even if the Investment Committee has not.
    1. The Investment Committee (see
      🚦
      Green Team
      ) exists to expedite the process and ensure we have a constant flow of deals as the DAO grows. However, at any point, token holders and any voting members can bypass the IC and operate dealflow through votes.
  1. Budget - approves budget (either yearly for GPs, or for new initiatives)
    1. i.e. supporting a new incubator, non-profit, etc.
  1. Treasury management - eg, staking or investing funds to yield farming to increase the Treasury size while waiting to apply to investments.