lexDAO / Kali

Optimized DAC Protocol
https://kalialpha.vercel.app/
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Representation Agreement - Doxxing and Liability #147

Open Karotoka opened 2 years ago

Karotoka commented 2 years ago

I'm honestly very excited Ross started this and got the ball rolling. I haven't seen any formalized ways for DAOs to engage people in meatspace to do Moloch's bidding.

Having said that, this is an area that deserves some substantial discussion.

Doxxing I would argue (but am open to being wrong) that any representative of the DAO should be sufficiently doxxed so that they could be identifiable in the event they stepped outside of their agreement/instructions with the DAO. If individuals are going to be empowered by the DAO then they need to be give up some of that anonymity (this will also potentially be important for tax purposes if the DAO pays a salary) [Wow, I should really add a precedent for that in here too]. Drop downs for completion of this agreement may be need to contain additional information (some of which I have suggested in parentheses in the merge request).

Liability One of the core components of a Power of Attorney (Living Will), is that the person empowered to act on behalf of another takes on a fiduciary responsibility to the one doing thing the empowering (the DAO). This means that actions taken by the Representative must be in for the sole, unconflicted benefit of the DAO. It is crucial to develop the limits of this relationship so that both sides understand their roles and can judge their risks.

Feedback requested.

BranDAOn commented 2 years ago

Agree with the point on doxxing; if there is to be a fiduciary relationship, the representative needs to be held accountable.

Re: the liability / fiduciary relationship, would it be helpful to explicitly state the duties of the representative? care, loyalty (good faith and fair dealing)?