- L0s, or Treasury Committee people, are responsible for approving project proposals.
- L0’s delegate compensation structuring and distribution of funds to the project proposer. Projects have coordinape rounds, task based objectives; or one assignee with a designated compensation
- Governance team will approve the success of each milestone. If built within a bubble and approved by governance, a bubble leader.
- Once compensation is determined to need to be paid, the manager of the multisig will transfer funds to the project proposer, who will then delegate to whomever needs it.
- FrabricDAO may give Fractional Finance development grants on a regular cadence, assuming the DAO members approve it. Those grants go into the FF multisig which the President of FF is the controller of
- Treasury Committee members make suggestions to the FF President recommending projects that should be accepted.
- FF - builds everything, has the people who builds stuff and markets things, has a small hierarchy but is structured to eventually be fully decentralized. FF is not involved in real estate transactions or tokenization in any capacity.
- Frabric - fully decentralized day 1; 1 token : 1 vote, contains all the cash and revenue earned by tokenizing real estate, can give out grants and arbitrate decisions. Is responsible for approving real estate transactions and tokenization.
- The L0 Committee is an important decision making part of the DevCo/Fractional Finance system
- L0s are in no ways affiliated with the Frabric, and are not expected to be tokenholders or participate in on-chain FrabricDAO proposals
- the number of L0s initially starts as 3 (a minimum quorum) and increases by 2 each year, via an election mechanism
- L0s do not have financial control of Fractional Finance, their access can be revoked at any time by the CEO and President
- L0s have a duty to receive project proposals, review and potentially approve them in a timely fashion. If there are any disputes; a simple majority vote will be called on each proposal for approval.
- Project proposals have milestones, and depending on whether there is a conflict of interest between the project proposer and the approver; the L0 committee may be called in to be a milestone approver. Once a milestone has been approved, it’s the responsibility for the CEO and President compensate for the work done.
- L0s are not eligible to be compensated by coordinape, however they may be compensated as part of a project; as long as they acquit themselves from voting on it’s approval, or milestone approval. They are eligible for KPI Option token grants, if applicable.
- L0s are also able to decide if a KPI Option distribution should be made, what strategic objectives should be acknowledged; and how much should the total distribution be.
- L0s are not control persons, nor officers as they have no official decision making power. The CEO and President reserves the right to overrule any decision at any time regarding project approvals, compensation, etc.