{"id":419250,"date":"2022-03-21T11:33:45","date_gmt":"2022-03-21T08:33:45","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/sushiswap-community-proposes-swiss-legal-structure-to-limit-dao-liability\/"},"modified":"2022-03-21T11:33:45","modified_gmt":"2022-03-21T08:33:45","slug":"sushiswap-community-proposes-swiss-legal-structure-to-limit-dao-liability","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/sushiswap-community-proposes-swiss-legal-structure-to-limit-dao-liability\/","title":{"rendered":"# SushiSwap community proposes Swiss legal structure to limit DAO liability"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a407ec459283\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a407ec459283\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/sushiswap-community-proposes-swiss-legal-structure-to-limit-dao-liability\/#%E2%80%9D_SushiSwap_community_proposes_Swiss_legal_structure_to_limit_DAO_liability_%E2%80%9C\" >&#8221; SushiSwap community proposes Swiss legal structure to limit DAO liability &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_SushiSwap_community_proposes_Swiss_legal_structure_to_limit_DAO_liability_%E2%80%9C\"><\/span>&#8221; SushiSwap community proposes Swiss legal structure to limit DAO liability &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-128018ef>SushiSwap (SUSHI), a community-led suite of decentralized finance (DeFi) tools, plans to implement a legal structure aimed at mitigating risks for token holders and members of the Sushi protocol.\u00a0<\/p>\n<p>Sushi\u2019s new legal structure will be based on a community-<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forum.sushi.com\/t\/sushi-legal-structure\/9720\">proposal<\/a> from Mar. 20 that cited the need for an association or foundation to help provide legal clarity and administrative support for SushiDAO.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Proposal: Sushi Legal Structure<\/p>\n<p>To form an association or a foundation for Sushi DAO in order to provide clarity regarding the rights and obligations of token holders and contributors and limit their liability and mitigate the future risk.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24SUSHI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SUSHI<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/SHpKcpvjqP\">https:\/\/t.co\/SHpKcpvjqP<\/a><\/p>\n<p>\u2014 veRSK (@KartelCrypto) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/KartelCrypto\/status\/1505427783274708992?ref_src=twsrc%5Etfw\">March 20, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nAccording to the proposer and a member of the SushiSwap community, Tangle, the intended foundation will play a key role in limiting the liability for contributors and, as a result, drive Sushi\u2019s future growth.<\/p>\n<p>Considering the possibility of risk mitigation and liability limitation via legal clarity for holders and contributors, the proposal received a 100% vote for the implementation of the legal structure.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/2c59d596-79f2-4f98-b190-32f8e55092f2.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Sushi Legal Structure proposal&#8217;s voting results. Source: Sushi forum<\/em><\/figcaption><\/figure>\n<p>Tangle estimates an upfront expense of up to $100,000 and a recurring cost of $10,000 to set up the foundation:<\/p>\n<blockquote><p>\u201cThere are several jurisdictions which can be contemplated for forming a DAO entity, but Swiss Association law is currently the leading solution.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/f4a03ad3-9743-4ae6-98c8-05a7afdbdb65.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Estimated budget for foundation. Source: Sushi forum<\/em><\/figcaption><\/figure>\n<p>In order to build the foundation, the Sushi community will implement a four-step process, which includes determining and establishing the members, token distribution and transfer along with the draft articles of the foundation.\u00a0<\/p>\n<p>The proposal also includes the need for service entities including \u201cDevCo services entity and any other core contributor entities.\u201d Individuals residing in crypto-friendly jurisdictions will be considered ideal candidates for being a member of the foundation.<\/p>\n<p>Adding to the discussion, community members highlighted the importance of defining the foundation\u2019s use and what it owns:<\/p>\n<blockquote><p>\u201cIt\u2019s definitely a must, it\u2019s really the time for Sushi to update itself and to have a legal shield ready for all contributors.\u201d<\/p><\/blockquote>\n<p><strong>Related: <\/strong><strong><em>Dogecoin Foundation registers name and logos as trademarked within in the EU<\/em><\/strong><\/p>\n<p>As smaller crypto communities slowly seep into the mainstream, foundations play a crucial role in dictating the future roadmap and relevance of the project. In an attempt to sieve imitators, the Dogecoin Foundation registered \u201cDoge,\u201d \u201cDogecoin,\u201d and its associated logos as trademarks in the European Union.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Much success.<br \/>It&#8217;s a small victory that seems so very irrelevant given all that&#8217;s currently happening in the world, but it&#8217;s an important step.<\/p>\n<p>Thank you <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DACBeachcroft?ref_src=twsrc%5Etfw\">@DACBeachcroft<\/a> (&amp; for this: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PageWhite_IP?ref_src=twsrc%5Etfw\">@PageWhite_IP<\/a> Germany), as well as <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MosesSingerLLP?ref_src=twsrc%5Etfw\">@MosesSingerLLP<\/a> for their representation in the USA. \u2665\ufe0f 1\/ <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/nufaJLUSFG\">pic.twitter.com\/nufaJLUSFG<\/a><\/p>\n<p>\u2014 Dogecoin Foundation (@DogecoinFdn) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DogecoinFdn\/status\/1499092207034376199?ref_src=twsrc%5Etfw\">March 2, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As Cointelegraph reported, the Dogecoin Foundation faced numerous issues with the misuse of its name and imagery. According to ex-director Ross Nicoll, several parties were registering trademarks for Dogecoin, and \u201cin the summer of 2021, there was a potential lawsuit against the developers from someone who claimed we were responsible for their funds.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/sushiswap-community-proposes-swiss-legal-structure-to-limit-dao-liability\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; SushiSwap community proposes Swiss legal structure to limit DAO liability &#8220; SushiSwap (SUSHI), a community-led suite of decentralized finance (DeFi) tools, plans to implement a legal structure aimed at mitigating risks for token holders and members of the Sushi protocol.\u00a0 Sushi\u2019s new legal structure will be based on a community-approved proposal from Mar. 20&#8230;<\/p>\n","protected":false},"author":1,"featured_media":419251,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNmIyZGY4MmQtYTY1YS00YzA5LTg2YjktMDAzOWM5Y2ZiNGNmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74868,89215,74355,7058,25935,70473],"class_list":["post-419250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-defi","tag-sushiswap","tag-adoption","tag-community","tag-foundation","tag-voting"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/419250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=419250"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/419250\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/419251"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=419250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=419250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=419250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}