Proposal: Renew the Realms NFP DAO LLC with MIDAO (2026)

TL;DR

• Renew our NFP DAO LLC (via MIDAO) for 2026 and re-appoint Taniela as KYC/registered contact.
• Wrapper lets us accept grants, pay contributors via invoices, and provides a baseline liability buffer for people acting on behalf of the DAO — especially important as we ship the Blitz & Eternum Predictions Market.
• Budget cap: $7,500 (MIDAO filing $5,000 + KYC/admin $2,500).
• Funding plan: return $3,424.90 USDC leftover from BA Devconnect to the Treasury, then source the remaining $4,075.10 by selling ETH.

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Summary

Renew the current legal wrapper to maintain operational continuity, minimize contributor exposure, and keep clean rails for grants, invoices, and upcoming product launches (including the Predictions Market). This is a single-issue proposal: keep the existing wrapper and re-appoint the existing KYC contact for another year.

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Why this now

• The temperature check was in favor of “keep the LLC (MIDAO)”.
• Our annual filing is due Jan 31; we must authorize payment/admin now.
• We’re preparing to launch the Blitz & Eternum Predictions Market, which raises operational/regulatory exposure; an entity is a vital risk-mitigation layer.

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What the LLC enables/protects

• Accepting grants: Provide a legal counterparty to receive funds/vesting streams without doxxing contributors.
• Paying contributors (invoices): Vendors/KOLs/contributors invoice an entity, not individuals/multisigs → allows us to provide payment for work/initiatives.
• Liability buffer: Baseline separation for multisig signers, platform/account holders (Discord/GitHub/marketing), voters, studios, holders and payers, reducing general-partnership / joint-and-several liability risk (jurisdictions vary; not absolute immunity).

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Budget & Admin

• Annual filing fee (MIDAO): $5,000 (stables preferred).
• KYC/admin retainer (Taniela): $2,500 for 12 months.
• Total authorization cap: $7,500 for this renewal cycle.
• Treasury: Realms Treasury multisig.

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Why re-appoint Taniela (KYC contact)

• DAO/wrapper expertise: KYC for Dope DAO; actively tracks new wrappers and best practices.
• Lawyer by training: Brings relevant legal literacy to our ops and risk assessments.
• Responsive & reliable: Consistently quick to advise on legal/ops issues over the last two years.
• Trust & engagement: Long-standing, high-trust contributor deeply involved in our ecosystem.

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Execution (funding mechanics)

Rollover return

• Return $3,424.90 USDC (unused BA Devconnect pot) to the Realms Treasury.

Net stables required for renewal

• After the rollover return, we need $4,075.10 additional stables to reach the $7,500 authorization (MIDAO $5,000 + KYC/admin $2,500).

Token sales

• Convert $4,075.10 into stables as follows:
  • From ETH: sell $4,075.10 worth of ETH to USDC.

Payments

• Pay MIDAO $5,000 before Jan 31.
• Pay $2,500 to Taniela for the 12-month KYC/admin retainer.

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Scope of authorization (if “Yes” passes)

• Pay MIDAO $5,000 annual filing by Jan 31.
• Re-appoint Taniela as KYC/registered member contact; pay $2,500 admin retainer.
• Maintain status-quo structure & operating agreement (NFP; no dividends to Realms NFT holders).

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If this fails (“No” passes)

• We cannot renew by Jan 31 without another vote.
• We’d need an emergency plan (e.g., re-paper to another wrapper or pause certain ops), increasing risk around grants, invoices, and contributor liability — not recommended.