From 35b86ea780897fa105aab4430988af2fee00558a Mon Sep 17 00:00:00 2001 From: Guillermo Bescos Date: Wed, 28 Aug 2024 17:55:52 +0100 Subject: [PATCH] go --- docs/constitution/pyth-dao-constitution.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/docs/constitution/pyth-dao-constitution.md b/docs/constitution/pyth-dao-constitution.md index 9fb8c8730..4b122799f 100644 --- a/docs/constitution/pyth-dao-constitution.md +++ b/docs/constitution/pyth-dao-constitution.md @@ -20,7 +20,7 @@ This Constitution describes the decision-making framework for the Pyth DAO and t Rules and procedures in this Constitution will be generally enforced through on-chain contracts and the associated parameters, unless specified by the Pyth DAO for actuation off-chain. -The Pyth DAO LLC, is legally structured as “a non-profit DAO LLC formed under the laws of the Republic of Marshall Islands, formed to serve the Pyth DAO LLC” (of which the OPERATING AGREEMENT OF PYTH DAO LLC is available at: [ipfs://QmP2GmL1n2WbHd7AtHqyXVWFyyHH36aZLfVZbNoqhommJi](https://cloudflare-ipfs.com/ipfs/QmP2GmL1n2WbHd7AtHqyXVWFyyHH36aZLfVZbNoqhommJi)). The Pyth DAO LLC is algorithmically managed, such that actions taken by the Pyth DAO via the governance contract on the Solana Blockchain are deemed to be actions of the Pyth DAO LLC. The legal entity enables the Pyth DAO LLC to hold the treasury and pay Pyth DAO related costs and expenses, protect Pyth DAO members from unlimited liability, and allow Pyth DAO members to take part in governance by providing a clear framework in respect of the rights and duties of Pyth tokenholders that hold Votable Tokens. +The Pyth DAO LLC, is legally structured as “a non-profit DAO LLC formed under the laws of the Republic of Marshall Islands, formed to serve the Pyth DAO LLC” (of which the OPERATING AGREEMENT OF PYTH DAO LLC is available at: [ipfs://QmP2GmL1n2WbHd7AtHqyXVWFyyHH36aZLfVZbNoqhommJi](https://ipfs.io/ipfs/QmP2GmL1n2WbHd7AtHqyXVWFyyHH36aZLfVZbNoqhommJi)). The Pyth DAO LLC is algorithmically managed, such that actions taken by the Pyth DAO via the governance contract on the Solana Blockchain are deemed to be actions of the Pyth DAO LLC. The legal entity enables the Pyth DAO LLC to hold the treasury and pay Pyth DAO related costs and expenses, protect Pyth DAO members from unlimited liability, and allow Pyth DAO members to take part in governance by providing a clear framework in respect of the rights and duties of Pyth tokenholders that hold Votable Tokens. ![pyth_dao.light.png](diagrams/pyth_dao.light.png)