0x6fb5d14b…83b0sent to0xf790a5f5…1365·#23,226,128·view on Etherscan
dissolve-the-dunaThe DUNA was established to protect the Foundation from liability. This decision was influenced by advisors who recommended a shift toward formalizing operations, which included paying administrators for tasks like KYC and taxes, and continuing to use their advisory services.
Previously, these same advisors had told the DAO that a Cayman Islands corporation and avoiding income tax was acceptable. This history highlights a potential conflict of interest, as lawyers and consultants are incentivized to suggest new structures that create more work for them.
While the DAO wants to remain decentralized, it appears this isn't feasible, as a legal entity must be established to handle liability. Without one, disgruntled individuals could potentially sue DAO members directly, a risk most wish to avoid.
Ultimately, this is a question of risk tolerance. The bureaucracy of the DUNA exists to protect individual members from liability. The cost of this protection (DUNA admin salaries, taxes, and ongoing advisory fees) is significant. The previous vote, led by Nounders, indicated a preference for this peace of mind, but it’s worth considering if sentiment has changed.