Renpō DAO is an alternative funding mechanism for on chain founders built with top protocol founders and Solana ecosystem contributors. We came to the conclusion that for this ecosystem to continue to scale new and innovative projects founders need a way to acquire growth capital that does not bind them to the will of their investors before they have even shipped a v1.

Through bringing this project to life, we went through an extensive research period on DAO structuring with a real world legal personality as well as boilerplate legal documentation that can be executed programatically.

We ended up going with a legal structure out of the UK, a custom NFT gated DAO instance on Solana to record all DAO decisions on chain and a lending contract we call a Credit Agreement for Future Equity or Similar (CAFEs).

To view the project, see here: LINK