The Otonomist — March 2022 Issue
In this month’s Otonomist, we highlight a new feature in OtoCo which lets users sign on blockchain on behalf of their entity. We also lift the veil on how we propose to reward governance and contributions to the OtoCo project. Finally, we talk about the benefits of an LLC in the U.S. especially for non-U.S. owners.
Happy BUIDLing!
Han from Otonomos
PRODUCT UPDATE
OtoCo users can now sign documents on behalf of their onchain entity from their Ethereum wallet
We added a new feature to the OtoCo dash that lets users sign in name of their onchain entity, including the transfer of assets and pledge of crypto wallets. This post explains how.
UNBOUNDED THINKING
Reaching for the T.O.P: The DAO Equivalent of an Employee Stock Option Plan
DAO contributors do not have visibility of a pot of gold beyond the rainbow that matches stock options in a traditional startup.
At the same time, emerging governance mining proposals are shortcoming as they do not put a predictable, fair and quantifiable token reward scheme in place for the benefit of all those who build and commit to a decentralized project in a sustained way.
We propose a solution that takes the best of a battle-tested traditional Employee Stock Option Scheme, removes the element of central decision making in how token options are awarded, and commits the option vesting and exercise logic to a self-enforcing smart contract that replaces the analog award agreement.
JURISDICTION FOCUS
Why it is attractive to own a company in the U.S., especially when you’re not based there
This post gives an overview of the main takeaways when forming and managing your LLC in either Delaware or Wyoming. Learn about the importance of understanding what type of LLC you own and how to treat each particular one. Full article here.
Next month: a surprise issue of The Otonomist around the theme of serious play. In your inbox on the last Thursday of every month.
Originally published at https://otonomos.substack.com on March 31, 2022.
