Hello,
We’re new to the Cosmos forums but bring a wealth of experience in capital allocation. If there is anything i and missing, apologies in advance.
Our team has already manages money for TradFi endowments and pension funds, guiding them across a diverse range of asset classes, including on-chain investments and off chain, credit/ private equity etc.
From our perspective, many challenges in the DAO space arise due to misaligned incentives, limited institutional experience, and concerns over cost structures. Fundamentally, assets should never leave the DAO’s ownership without a well-thought-out framework; they’re best deployed through a professional, transparent third-party structure.
We already provide these services for institutional clients and would be thrilled to help DAOs achieve the same level of sophistication. For instance, we can explore a legal structure—whether DUNA-based or another customized approach—ensuring the DAO retains full ownership of its assets while partnering with an experienced allocator. This could take the form of a limited partnership with the DAO as the principal owner.
Our governance and investment approach is tailored to align with DAO values:
• Investment Committee: A DAO representative could have a seat at the table. Decisions would be supported by detailed, independent investment memos, with a robust due diligence process covering legal, credit, compliance, funding, and KYC requirements.
• Aligned Incentives: A low upfront fixed-cost structure ensures no excessive management fees. Our success is directly tied to the DAO’s success, with profits-and-losses (P&L) alignment replacing traditional fee models.
• Third-Party Agent and Asset Ownership: Assets remain the legal property of the DAO. The DAO would own the investment entity, with the manager serving as an appointed AFIM (Alternative Fund Investment Manager) under an independent board, ensuring professional oversight and alignment.
• Clear Mandates: Investment goals, hurdle rates, and target returns would be well-defined and measurable.
• Real-World Integration: We bridge on-chain opportunities with real-world industries to organically grow the ecosystem while diversifying returns.
As former investment bankers and experienced professionals, we understand institutional standards and are ready to bring that expertise to DAOs. We’re happy to discuss how this model can work, including governance structures, legal frameworks, and fee alignments.
If there’s interest, we’d be honored to present a concrete proposal. We’re open to starting with a hedge or capital allocation trial program. To be clear, we don’t charge for this initial engagement—our goal is to highlight what DAOs should expect from serious, professional partners.
Looking forward to connecting with the community and understanding how we can best serve your long-term capital needs.
Best regards,
Discere Team