What is UberHAUS? UberHaus is the DAO of DAOs that governs the HAUS token and acts as an umbrella org for the Moloch DAOs summoned in the DAOhaus framework, should they wish to participate.
Why should we participate? UberHAUS includes some of the most innovative and active DAOs around today, including Raid Guild, MetaCartel, MolochDAO, and DAOhaus. DAOhaus in particular is a complement and competitor to Gardens. It’s in our interest to strengthen our ties with this community, align our mutual interests, and have a seat at the table when they discuss their plans. On a more pecuniary note, 1Hive would also stand to accrue a non-trivial amount of HAUS rewards for participating.
How do we participate? Only Moloch DAOs are eligible to participate. I have stood up a Moloch DAO, the 1Hive Embassy, to serve as an “adapter.”
The Embassy DAO is structured in the following way:
- Any contributor of 1Hive in good standing can propose to join the Embassy by offering between 0.1 and 1.0 HNY as tribute to join the Embassy DAO for shares (voting and economic rights)
- Proposing members can request / receive 1 share per .1 HNY tributed, i.e., max 10 shares
- Members may also request additional loot (which are non-voting economic shares in the Moloch framework), 1 loot per .1 HNY tributed beyond the 1HNY for voting shares, no maximum
Entry to UberHAUS requires holding a minimum of 500 HAUS in the participating DAO treasury (1Hive Embassy in this case), which will be procured using a combination of Embassy DAO member funds (tributed as part of acceptance to the DAO) and 1Hive funding from this proposal.
Embassy DAO will then nominate a Delegate to attend UberHAUS proceedings & governance participation.
Expected duration or delivery date (if applicable):
After funds are dispersed to the Embassy minion (a smart contract used to manage funds), there will be a waiting period of several days for the Moloch proposal to pass voting and execution in order for the funds to be swapped for HAUS. At that point, we will apply for formal UberHAUS membership and nominate a delegate. It’s reasonable to expect that everything will be resolved and 1Hive will have officially joined UberHAUS by early September 2021.
So far, six 1Hive contributors have submitted for membership in the Embassy DAO and will become full members as soon as their membership proposals conclude the voting + grace periods. Therefore, the Embassy DAO team consists of:
Membership is open, according to the criteria described above.
Amount of HNY requested: 20 HNY
Ethereum address where funds shall be transferred: 0xaff80d6294732a52655a9252b851ed63b867d8d6
More detailed description of how funds will be handled and used:
- The current price for 1HAUS is ~16.5 xDAI (Aug 6, 2021). Embassy DAO members have collectively raised 1622 wxDAI through their membership tribute, which will be swapped for ~96 HAUS.
- We are asking for 20 HNY to cover the shortfall, which will be swapped for ~404 HAUS tokens, the minimum stake required for UberHAUS membership.
- Any excess HNY will be administered at the discretion of the Embassy for the benefit of 1Hive, such as paying Embassy DAO members for their time spent in representing 1Hive in UberHAUS proceedings, or returned to the 1Hive common pool.
- HAUS rewards for UberHAUS participation will be apportioned between 1Hive treasury and Embassy DAO members in proportion to funds contributed.
Proposal can be found on Honeypot here: Proposal 32