nouns-duna

Trying to understand this point. Wouldn't the Cayman entity + directors be the responsible party and thus have limited liability? They ultimately have veto power so can take the position that voters are simply an input but not control mechanism of the treasury and therefore not liable?

Contributor to crypto, building Based Management, co-founder of PoolTogether Inc, instigator of pleasrDAO

https://leighton.mirror.xyz/

nope. Lido and Ooki were both declared general partnerships in US courts. there’s no corporate veil with a Caymans Foundation for the token holders

accelerating agritech. empowering communities. ending hunger.
 https://cityfarmers.xyz

Ooki had no foundation, also GP designation was uncontested. Not applicable law here. 

Lido hasn’t been determined yet? It’s only pass motion to dismiss. 

Agreed cayman doesn’t wrap the token holders. My point is token holders in this case are not ultimately in control and therefore don’t need to be wrapped.