The Otonomist - February 2022 Issue

PRODUCT UPDATE

§ 2Have a DAO multi-sig wallet control your LLC using Gnosis SAFE

Many OtoCo users have created LLCs as wrappers for various crypto projects and DAOs.

In some cases, projects seek to maximize decentralization and require several people to have access to their LLC’s dashboard within OtoCo.

This is why we created a dApp within Gnosis SAFE, the leading provider of multi-signature wallets.

Thanks to this integration, it is now possible to create an LLC that is owned and operated by a multi-sig wallet. This means all signers of the multi-sig can access the OtoCo dashboard and approve transactions for the LLC.

As a result, it has never been easier for decentralized projects to gain legal benefits for their DAO.

UNBOUNDED THINKING

§ 3Double dip: Should you go for tokens, equity, or both when investing in a Web 3 project?

In theory, tokens are meant to capture all value in a Web3 project.

Nonetheless, some projects raise equity funding too.

Can the two co-exist and as an investor, should you “double dip”?

This is the question we examine further in this month’s thought piece.

PREMIUM CONTENT

§ 4Back With A Vengeance: The Delaware C-Corp ($)

As an investable operational company, the C-Corp remains the gold standard as part of an entity stack for cashflow-generative Web3 projects that look to raise outside money.

In this paid post, we provide a guide to its setup and capital structure, including:

• A questionnaire to help you focus the mind on what issues to consider and further research before you engage with outside investors.
• 82 (!) pages of instantly useful templates and agreements for your new C-Corp.
• A template Certificate of Incorporation ready to be adapted and filed to activate your C-Corp within 24 hours via otonomos.com.

COMMUNITY

§ 5Webinar: Ask Us Anything About OtoCo

With our OTOCO pre-order window set to close on 11 March, we’re organizing an Ask Us Anything webinar to answer your remaining questions about the project and its next stage in life as a community-governed open source platform.

FORMAT: A 60 minutes online Q&A session on anything OtoCo

WHEN: Tuesday 8 March at 8 am PST / 11 am New York / 4 pm London / 5 pm CET

HOW: Register below and you'll immediately receive your Webinar link by email

NEXT MONTH

Next month we’ll have an update on new OtoCo features currently under development and we’ll talk about OtoCo’s early governance experiment. We’ll also take a close look at the legal nexus between DAOs and legal entities in general and LLCs in particular.

Get The Otonomist on the last Thursday of every month!