It has been a year since Kali was summoned to launch DAOs and provide on-chain legal tools. The time since has been spent absorbing the needs of organizations and we are now thrilled to debut our V2 software to close out #ETHDenver2023:

What started as a group of friends trying to bid on an island ended with the first-ever purchase of an actual farm by a DAO. This case study on CougarDAO LLC begins a series documenting how projects are using smart contracts to drive their operations.

When Kali launched earlier this year, the goal was simple — crowdsource a DAO incorporator. Using MolochDAO as our codebase and LexDAO as our legal source, we designed Kali to be simple, efficient, and familiar, with templates co-created with other crypto lawyers.

Having our financial lives always online with crypto is a blessing and a curse.

Fundraising for DAOs is entering a growth phase. This should be no surprise, as making DAOs is easier than traditional companies and much more fun. Accelerating the trend of ‘always online’ finance, legal structuring can be done on KALI at a fraction of the time and cost of web2 solutions like Stripe Atlas.

Their Place on the Legal Spectrum and Associated Traits

Limited liability is a tool for DAO entrepreneurs to restrict the risks of having their personal assets at stake just for joining and participating in a DAO. Legal entities also allow DAOs to own off-chain assets and enter into agreements to make real asset purchases, open bank accounts, and hire contractors.

KALI has finished beta and is now live on Ethereum, Arbitrum and Rinkeby (testnet).

Whitelisting blockchain assets is no cardinal sin, and in many cases, a necessity in order to make investment offerings. While we remain optimistic on the progressive arc of securities regulation reform, these laws loom large on companies that want to raise funds and avoid compliance heartburn.