As a DAO LLC formed in the U.S. State of Wyoming, FABRYX is governed by an operating agreement implemented via blockchain smart contracts. What follows is a brief technical outline of our custom implementation.
DAO SAFE
FABRYX is represented by a SAFE blockchain wallet that holds DAO assets and represents its signing authority. A network of smart contracts, including Urbit ID NFTs, are used to orchestrate ownership and management of the SAFE.
~fabryx star
Membership is administered by the ~fabryx star Urbit ID, thus the DAO SAFE is defined as the wallet holding the it's ownership NFT, Urbit Azimuth point 30.871.
Member Ships
Guild members are entitled to a "Member Ship," an Urbit planet ID NFT sponsored by the ~fabryx star.
Apprentice Ships
An Urbit planet ID NFT spawned but not sponsored by the ~fabryx star is considered an "Apprentice Ship." Any member can spawn such an NFT, thereby taking on the holder as their apprentice.
MissionControl.sol
DAO SAFE transactions are orchestrated democratically amongst the members by the MissionControl.sol contract on the Base L2 blockchain.
New Members
The DAO SAFE exclusively controls the minting of membership NFTs, thus a new member can only be admitted by guild member vote.
Active/Inactive
Activating guild membership requires having one's legal identity vouched for by another active member and signing a pledge to support the DAO mission. Inactive members can participate in guild ownership but not management.
ARYX
Since Member Ships are on L1, members are provided with a token from the L2 NFT collection called ARYX as a surrogate to interact with MissionControl.sol. An ARYX token holder is entitled to spawn an Urbit ID from the ~fabryx star.
$BRYX
Active members alone have the right to trade $BRYX, an erc-20 fungible token that represents a pro-rata claim on the assets in the DAO SAFE. Voting in MissionControl.sol is weighted according to $BRYX holdings.
YX
A group of YX curve contracts are used to administer $BRYX tokens. Active members can purchase $BRYX tokens from a bonding curve and anyone (ie. active or previously active members) can sell $BRYX back to it. Contributing members may receive a $BRYX token allotment that vests following a logarithmic distribution.
FYX
Any ship holder can contribute to DAO products by providing a non-exclusive irrevocable perpetual license to their IP. Licenses are minted using the FYX NFT collection. Should the DAO accept the license, the holder will receive a claim on DAO revenue in return.