Navigating DAO Legislation in Wyoming

Aaron Wright, co-founder of OpenLaw and Professor at Cardozo Law, and Ross Campbell, SushiSwap core developer and LexDAO contributor, discuss the latest breakthroughs and legal implications in the burgeoning world of DAOs. Show highlights:

• how Aaron and Ross fell down the crypto rabbit hole
• whether a DAO, like Curve, could sue to protect its IP
• when a governance token might be considered a security
• who owns the copyright to a DAO
• how SushiSwap handles its open-source licenses
• why Ross views Uniswap’s business license as a good thing
• what an DAO is and how the idea stems from Bitcoin
• how Wyoming’s DAO law works
• what makes a Wyoming DAO different from a DAO registered as a Delaware LLC
• how an algorithmically managed DAO might work in the future
• why Aaron thinks a DAO should not be allowed to be manager-managed
• why wrapping a DAO into an LLC could be advantageous
• the difference between private and public ordering

Thank you to our sponsors!

Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2

Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero

Conjure: https://conjure.finance 

Episode Links

People

Ross Campbell

• Social
• • Twitter: https://twitter.com/r_ross_campbell
  • Medium: https://medium.com/@rosscampbell9 
• Career
• • OpenLaw: https://www.openlaw.io/
  • LexDAO: https://lexdao.substack.com/people/867851-ross-campbell
  • SushiSwap: https://app.sushi.com/swap 

Aaron Wright

• Social
• • Twitter: https://twitter.com/awrigh01
• Career
• • OpenLaw: https://www.openlaw.io/
  • Cardozo Law: https://cardozo.yu.edu/directory/aaron-wright
• Content
• • The Rise of DAOs: https://stanford-jblp.pubpub.org/pub/rise-of-daos/release/1

DAO Information

Basics:

• https://ethereum.org/en/dao/ 
• https://1729.com/daos 

Kain Warwick: DAO First Capital Formation

• https://blog.synthetix.io/dao-first-capital-formation/ 
• https://twitter.com/kaiynne/status/1287961077041393664

DAO Stats

• https://deepdao.io/ 

Wyoming:

• https://www.wyoleg.gov/2021/Engross/SF0038.pdf
• https://lexnode.substack.com/p/wyomings-legal-dao-saster
• https://twitter.com/prestonjbyrne/status/1370002015644962816?s=20
• https://www.coindesk.com/wyoming-dao-llc-law-passed 
• https://twitter.com/lex_node/status/1407668599205027843?s=20
• https://decrypt.co/75222/americas-first-dao-approved-in-wyoming 

Delaware:

• https://ricardian.gitbook.io/ricardian-llc/is-ricardian-legal 

Curve IP: 

• https://gov.curve.fi/t/cip-xx-enforce-curves-ip-rights/1890
• https://www.theblockcrypto.com/post/108561/the-first-dao-lawsuit-proposal-asks-if-curve-should-protect-its-ip
• https://www.coindesk.com/curve-dao-contemplates-its-intellectual-property 
• https://twitter.com/SamMiorelli/status/1405141398479847426
• https://twitter.com/lex_node/status/1405251782574497799 

Uniswap V3

• https://www.coindesk.com/uniswap-v3-introduces-new-license-to-spoil-future-sushis 
• https://twitter.com/jchervinsky/status/1374738548239314951
• https://defiprime.com/uniswap-v3-explained

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