Decentralized Autonomous Organization.
Through the DAO, iob.fi clients, developers, fund investors and tokenholders are in control of the policies, new features and organizational goverance.
The community will propose and vote on policy updates, new-technology-implemented organizational changes, new fund structure, new product features, collaborative partnerships and whatever the community deems relevant.
The iob.fi DAO owns the most important smart contracts and assets that make up iob.fi.
It also owns a substantial purse of IOB and FI tokens which allows it to be truly autonomous as well as subsidize various operations and initiatives throughout iob.fi.
Voting takes place on the iob.fi's governance interface powered by Aragon
There is no central leadership, decisions are made in a bottom-up way. It can have its own rules, such as how to manage its own funds.
The DAO incentivize contributors by giving them a say in the future of the organization.
iob.fi DAO allows people all around the world to pool funds.
It allow people to collaboratively channel common funds towards common missions.
Over time, we will be scheduling votes to decide on a range of issues, including (but not limited to):
The community will decide on the IOB to FI conversion rate and batch amount available for each voluntary swap.
For each new fund, the community decides on its management fee and incentive structures.
Athorizing dividend payout ratio, timing and payment methods.
Allocation of FI grants to development efforts and new business partnerships.
Propose and vote on organization leadership members, including the financial controller, key advisors, and security council members.