<aside> 💡 This is expected to be a rolling initiative, meaning that contributors under this initiative will continue contributing unless voted out or they decide to quit. It requires no special reporting because any interaction, if required either by Gearbox DAO or instead by the Foundation which is under the governance voting, is all visible on the forum.

</aside>

• Proposal:

[GIP-34] Setting Up a Legal Structure for the GEAR DAO

• Members: DAOBOX inc.
• Funding for 2023-2024: 80,000 USDC and 10,000,000 GEAR vested for a long period of time (to be sent later, see more in the proposal for the vesting details) https://etherscan.io/tx/0x4fb593a8db87ef9e5035a58c014bef40d1a1fec6a7ba791a56562913e9e6209a

About Gearbox Foundation / DAOBOX

Gearbox Foundation has been established by GEAR DAO token holders. Gearbox Foundation does not control the protocol or its parameters, nor the funds in the DAO treasury - instead, it acts under GEAR DAO governance (which is ruled by token governance) and is able to execute some real-world needs the DAO needs as long as they are legally or conceptually possible.

Documents