0xa2cbce0a…e994sent to0x6dfa413b…492d·#24,786,641·view on Etherscan
# Authorization for Opening a Lightchain AI DAO Operational Bank Account
**Summary**
This proposal authorizes Lightchain AI’s legal counsel to open and administer an operational bank account on behalf of the Lightchain AI DAO. This account will support real‑world operational expenses that cannot be paid directly from on‑chain assets.
This proposal does not authorize any new transfer of funds. It permits the optional deposit of up to $50,000 in converted assets previously approved under Proposal 757008…368289 (Treasury Conversion Authorization) and Proposal 672924…9798 (Authorization for Use of Converted Funds at Deployer Address).
This proposal does not execute, trigger, or require execution of either prior proposal.
**Motivation**
Proposal 757008…368289 authorizes the conversion of a portion of the DAO’s LCAI holdings into ETH and/or stablecoins.
Proposal 672924…9798 authorizes the use of those converted funds for operational expenses once they reside at the Lightchain AI deployer address.
As Lightchain AI approaches mainnet and expands development, the project is incurring real‑world expenses that require fiat payment, including legal and compliance work, vendor and service provider payments, and administrative operations.
Because the DAO treasury is fully on‑chain, certain obligations cannot be met without a fiat bridge. Establishing an operational bank account provides the minimal off‑chain infrastructure required to support these needs while preserving governance oversight.
**Proposal**
Authorize Lightchain AI’s legal counsel to open an operational bank account on behalf of the Lightchain AI DAO.
Authorize the account to be used solely for operational and administrative expenses directly related to Lightchain AI.
**This authorization:**
Applies only to the establishment and administration of the account
Does not authorize any new conversions, transfers, or movement of Treasury assets
Permits, but does not require, the deposit of converted funds approved under Proposals 757008…368289 and 672924…9798
Does not modify Treasury ownership or control
**Transparency Requirements**
All deposits and withdrawals must be documented and reported to the DAO
Periodic summaries of account activity must be shared with the community
Spending must remain aligned with operational and administrative categories
Any unused funds must remain reserved for DAO‑approved purposes
**Constraints**
No new Treasury transfers are authorized by this proposal
The account may not incur debt, credit obligations, or financial instruments
The account may not be used for compensation, payroll, or token‑related activity without separate DAO approval
The account is limited strictly to operational and administrative use
This proposal does not grant custody rights beyond the scope defined here
**Considerations**
This proposal complements Proposals 757008…368289 and 672924…9798 by establishing the off‑chain infrastructure those proposals may optionally utilize
It enables efficient operational execution without requiring a separate DAO vote for each individual payment
It preserves transparency and accountability while allowing the team to operate effectively
**Voting Options**
FOR — Authorize opening and administration of a Lightchain AI DAO operational bank account
AGAINST — Do not authorize
ABSTAIN — No opinion