The basic unit of governance for Fingerprints DAO is the $PRINTS token, represented as an ERC20 smart contract under the following address:
There are 10 million total $PRINTS in existence, with about 31% of them held in the DAO's treasury at the time of writing. A live breakdown of $PRINTS outstanding (versus those held in the treasury) can be queried directly from the blockchain on Dune.
Multi-signature vaults are smart contracts whose transactions need to be approved by multiple predetermined signers.
Fingerprints' vault signers execute transactions as decided by the community and approved in our Snapshot proposals. This current system is a transitory one, as Fingerprints' prepares to move to an on-chain binding governor contract system.
A governor contract is a binding governance mechanism in which assets are held in a vault whose transactions are determined by voting from all holders of a specific token, such as $PRINTS.
Such a system is more robust, direct, and further trust-minimized, compared to Fingerprints' current multi-sig vaults configuration. We're currently studying options to make a seamless and safe transition of our treasury.
In its current organizational design, Fingerprints is divided into working groups with specific mandates to perform work for the DAO.
Working groups are formed through the submission of working group formation proposals by Fingerprints members, in which they can choose whatever compensation structure they prefer to perform the work proposed.
Working Group Framework
Upon approval by the DAO, working groups are made official and the resources are transferred as budgeted so the work can begin. Occasional review of results and reporting are done by facilitators, who are responsible for mediating the relationship between working groups and the DAO.
We welcome any and all discourse.