Fluid DAO proposes establishing a foundation with an annual allocation of $3 million to support operations

ZkProver · 2026-03-07T04:16:16+00:00

Fluid is discussing a governance proposal put forward by Instadapp's CO DMH, which plans to transfer all intellectual property rights of the protocol to a non-profit foundation in the Cayman Islands and apply for a monthly grant of $250,000 to support operations. If the proposal is approved, it will impact the management and financial status of the protocol.

ZkProver

2026-03-07 04:16:16

Abstract generation in progress

ChainCatcher reports that Fluid is currently discussing a governance proposal submitted by Instadapp Chief Operating Officer DMH on February 23. The proposal suggests transferring all intellectual property rights of the protocol—including smart contract code, front-end interface, domain names, and trademarks—to a non-profit foundation in the Cayman Islands. It also recommends applying for a DAO monthly grant of $250,000 (approximately $3 million annually) to support engineering, security, and business operations.

The foundation will have no actual owners, operated by custodians and directors. FLUID token holders will retain ultimate control through governance voting and can, in extreme cases, vote to dissolve the foundation. Fluid currently has a TVL of over $1.2 billion, with protocol revenue of about $1.1 million in January. If approved, the monthly grant would account for roughly 16% of its highest monthly revenue in history. The legal transfer of intellectual property is expected to be completed by mid-2026.

FLUID-2.9%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.