Summary
- Authorize the FoundationFunder contract to draw up to 150,000 DOLA per quarter from the DAO Treasury, subject to a total ERC20 allowance of 600,000 DOLA.
- Approve the appointment of Scott Harrison as an additional director of the Inverse Finance Foundation.
Inverse Finance Foundation background
The Inverse Finance Foundation was established and initially capitalized following a successful DAO governance proposal.
The primary objective of the Foundation is to act as an accountable operating entity for Inverse DAO, enabling faster execution on product development, legal, operational, administrative, and commercial work using a capped discretionary budget approved by DAO governance.
The Foundation’s Board of Directors has adopted bylaws and amended Memorandum and Articles of Association that grant the DAO substantial oversight. These documents are available for review here.
This proposal seeks to secure necessary operational funding for the Foundation and formalize the appointment of a new director.
FoundationFunder contract allowance
The FoundationFunder contract is a customized smart contract designed to facilitate a continuous funding allowance from the DAO Treasury to the Inverse Finance Foundation.
This proposal configures the FoundationFunder contract to provide a maximum of 150,000 DOLA per quarter to the Foundation multisig. Rather than holding static deposits, the contract utilizes an ERC20 allowance to pull DOLA from the DAO Treasury on an as-needed basis. Actual disbursements may be lower than the maximum in any given quarter and will depend on the Foundation’s operating needs, subject at all times to the quarterly ceiling.
The FoundationFunder enables the Foundation multisig to withdraw funds directly or delegate sub-allowances to authorized addresses. All aggregate expenditures via the FoundationFunder remain strictly bound by the 150,000 DOLA quarterly limit.
The Foundation’s multisig is a 3-of-5 Gnosis Safe currently controlled by the following signatories:
- Scott Harrison (Cara Global)
- Nour Haridy (Inverse Finance)
- Harry (Inverse Finance)
- Alien (Inverse Finance)
- Hammad Tahir (Regen Financial)
The multisig is deployed on the Ethereum network at the following address: 0xE15B0Ab2036d8Fc2d2aa537B748A34333Ffab963
The FoundationFunder requires each transfer to include a public on-chain justification. This creates a transaction-level record of the stated purpose for each disbursement, improving transparency for DAO reviewers.
Appointment of Scott Harrison as foundation director
The current director, Paul Hurn, is scheduled to transition to a new role at the end of May 2026 and will resign from the Inverse Finance Foundation Board of Directors at the end of May
This proposal authorizes the appointment of Scott Harrison to the Board of Directors. Paul Hurn and Scott Harrison may serve as co-directors during the transition period, after which Scott Harrison will assume the role of sole director.
Onchain actions
- Approve a 600,000 DOLA total allowance for the FoundationFunder.
- Set FoundationFunder quarterly limit to 150,000 DOLA