Very supportive of this proposal.
Doing this before a potential equity+token ownership conflict arises is smart. Aave is going through similar discussions now but under tension. Fluid is getting ahead of it.
I think many in crypto want to understand how Foundation structures actually function day to day. Would be valuable if you could share more on:
- How does a token holder actually exercise “ultimate authority”? What’s the process to propose changes to Foundation policy or challenge a director decision? Imagine someone tries to do a coup d’etat lol
- Can the Foundation take on debt or liabilities that token holders would be responsible for??
- What happens if the Foundation gets sued? Who bears the legal costs and liability? Curious how this works.
Since this is a new ‘meta’ for DAOs I think many are curious about practical functioning.