Cathedral Foundation DAO Constitution

Version 1.0.0

Preamble

The Cathedral Foundation DAO Constitution is a living document that records the core principles, values, and governance processes of the DAO. It serves as a guide for our community, ensuring that the DAO operates with transparency, fairness, and inclusivity while promoting the decentralization of financial systems and democratizing access to funding.

As with our mission to empower businesses and individuals, the Constitution will evolve as our community grows and changes. Every amendment will be enacted through the governance processes outlined below, ensuring that the community’s will is always reflected in this document. The flexibility and resilience of our Constitution ensure that it remains a dynamic framework, capable of supporting the DAO’s long-term goals and values.

Article 1: Introducing Cathedral Foundation DAO

1.1 The Genesis of Cathedral Foundation DAO

The Cathedral Foundation DAO was founded with the vision of creating a nonprofit, decentralized autonomous organization to democratize access to finance and provide transparent, community-driven support for businesses. The DAO was launched with the introduction of the CATH token, which serves as the governance and participation mechanism for the organization.

1.2 The Cathedral Movement

The Cathedral Foundation represents a movement aimed at eliminating the traditional barriers to finance by leveraging decentralized, permissionless technologies. We strive to create a world where access to capital is no longer limited by geography, intermediaries, or centralized control. By empowering communities through decentralized governance, we enable individuals and businesses to engage in transparent, equitable funding mechanisms.

We believe that decentralization can foster innovation, community collaboration, and sustainable economic growth, leading to a future where financial systems are accessible to all.

Article 2: Purpose

2.1 The Purpose of Cathedral Foundation DAO

The Cathedral Foundation DAO is a community of individuals committed to advancing decentralized financial ecosystems. Our goal is to provide accessible, transparent, and community-driven financial solutions to businesses and entrepreneurs, especially those traditionally excluded from the global financial system.

2.2 Mission Statement

The mission of the Cathedral Foundation DAO is to democratize access to finance by removing intermediaries and providing decentralized, transparent platforms for business funding. We aim to empower businesses, startups, and individuals through community engagement and decentralized governance, creating a fair and accessible financial landscape.

2.3 Vision Statement

We envision a world where every individual and business, regardless of location or background, can access the financial tools they need to thrive. By embracing decentralized finance and removing traditional barriers to funding, the Cathedral Foundation DAO will promote economic inclusion and sustainability on a global scale.

2.4 Cathedral Foundation Values

2.4.1 Decentralization

We believe in the power of decentralization to promote transparency, fairness, and community-driven decision-making. All decisions are made collectively by the DAO, empowering members to shape the future of the organization.

2.4.2 Transparency

We commit to radical transparency in our governance processes, financial management, and decision-making. All transactions and votes are publicly accessible on the blockchain, ensuring accountability and trust within the community.

2.4.3 Economic Inclusion

Our primary focus is on creating a financial ecosystem that provides equitable opportunities for all. We prioritize projects and initiatives that empower businesses and individuals who face barriers to traditional funding systems.

2.4.4 Community Engagement

The strength of the DAO lies in its community. We value the active participation of our members and create incentives for them to contribute to governance, projects, and the overall mission of the DAO.

Article 3: Membership

3.1 CATH Token Holders

Any individual who holds CATH tokens in a digital wallet can participate in the governance of the DAO. CATH token holders have voting rights on proposals and governance changes, allowing them to influence the direction of the DAO. Holding CATH tokens signifies membership in the DAO and entitles holders to the benefits of participation.

3.2 Membership Tiers

3.2.1 Guests

New members enter the DAO as Guests. They are given access to explore the DAO’s platforms and engage in discussions. After familiarization with the DAO, guests can become full members by acquiring a minimum number of CATH tokens.

3.2.2 Members

Members are verified participants who hold the 300,000 CATH required amount of tokens. Members have voting rights and access to all community infrastructure, including the ability to submit and vote on proposals, participate in working groups, and engage in project initiatives.

3.2.3 Contributors

Contributors are active members who have made significant contributions to the DAO’s mission and governance. They are nominated by peers for their dedication and recognized for their valuable input into community projects, governance, and development. Contributors may also be elected to leadership positions within the DAO. In addition Contributors must have more than 150k CATH

3.2.4 Liquidity Providers

Liquidity Providers are verified Members who have provided liquidity for the USDC/CATH pair (or other pairs), representing at least 1,500,000 CATH and its equivalent pairing of USDC (or different currency related to specific pair). This membership level grants members access to additional governance power.

Article 4: DAO Organizational Structure

4.1 Overview

The Cathedral Foundation DAO is composed of decentralized, self-governing organizational units that collaborate to advance the DAO’s mission. These units operate independently but align with the core values and principles of the DAO. Each unit has its own governance, funding, and reporting mechanisms, but all are accountable to the broader community.

4.2 Departments

Departments are the operational arms of the DAO, responsible for executing specific functions such as governance, technology, legal compliance, and community outreach. New departments can be established through community proposals and receive funding from the DAO’s treasury.

4.3 Working Groups

Working groups are specialized teams within the DAO that focus on specific initiatives, such as project development, fundraising, or member education. Any member can start or join a working group, and these groups operate autonomously to achieve their objectives, reporting progress to the broader DAO.

4.4 Cathedral Foundation DAO Vault Multi-Signature Wallet

The Cathedral Foundation DAO Vault multi-signature wallet (vault multisig) is the holder of DAO funds, and disburses CATH to DAO Organizational Units. It is managed by a team of seven Cathedral Foundation DAO members, and requires four of the seven members to sign in order for any transaction to be executed.

4.4.1 Rights and Responsibilities

Vault multisig signers have the following rights and responsibilities:

Rights (can do)	Responsibilities (must do)
Can create transactions for consideration by other signers. Can approve or reject transactions at their own discretion.	Must work to ensure the perpetuity of the DAO’s existence in alignment with the DAO’s mission, vision, and values. Must sign and execute transactions in a timely manner. Must vet all transactions to make sure that they align with agreed decisions. Must validate the individual transactions of mass payouts to ensure they are legitimate. Must monitor the vault multisig’s activity. Must manage access and permissions to the multisig. Must keep their own software and hardware secure and up-to-date.
Can post proposals to the Cathedral Foundation DAO Aragon space.	Must vet Aragon proposals to confirm compliance with established governance procedures. Must steward the process of moving proposals to Aragon.

4.4.2 Vault Multisig Signer Elections

To be considered for selection and to retain the role, vault multisig signers must meet the following criteria:

• Holding more than 10,000,000 CATH in wallet

• Participate in Stacking for 1,500,000+ CATH

• Recognition as a Liquidity Provider of Cathedral Foundation DAO.

• Active membership of Cathedral Foundation DAO for at least one year.

• A previously held leadership position in the DAO (equivalent to Guild Coordinator, Project Champion, Grants Committee)

• Experience as a signer on a multi-signature wallet.

• Current knowledge of Cathedral Foundation DAO’s governance procedures.

Elections have the following procedure:

1. To kick off an election, any Cathedral Foundation DAO member can post a formal proposal to check the level of support to hold a vault multisig signer election. This proposal must have a poll which passes the Minor quorum thresholds.

2. When the formal proposal reaches quorum, the member may then post a Forum post to gather candidates. In this post, candidates must provide evidence that they meet the eligibility requirements. This proposal must stay up for at least one week.

3. After one week, the veracity of each candidate’s eligibility evidence must be validated by the member who posted the proposal. This member will then post the final candidate list in a comment on the proposal.

4. The current vault multisig signers must then post a token-weighted poll on Aragon with the list of candidates specified above as well as a list of the current vault multisig signers as options (barring any signer who wishes to step away from the role). This poll must stay open for at least one week.

5. The seven candidates with the highest proportion of support will become the new vault multisig signers. The current signers must take the steps to add/remove members as needed to ensure the group of vault multisig signers reflects the will of the DAO.

4.4.3 Removal of Vault Multisig Signers

Vault multisig signers can be removed if:

1. A vault multisig signer has violated any of the mandated responsibilities.

2. Any member in the DAO gathers consensus via Forum on the no-confidence state of a vault multisig signer or the vault multisig signers as a whole.

There is no term limit for vault multisig signers, however continuation in the role is subject to the community vote.

Article 5: Governance

5.1 DAO Governance Overview

The governance of the Cathedral Foundation DAO is decentralized, with all key decisions made collectively by the community of CATH token holders. Proposals for changes to governance, funding allocations, and other significant matters are submitted by members and voted on by the community through the CATH token-based voting system.

5.2 Proposal and Voting Process

1. Proposal Submission: Any member with CATH tokens can submit a proposal for community consideration. Proposals must be detailed, outlining objectives, timelines, and budgets if applicable.

2. Community Discussion: Once a proposal is submitted, the community discusses it, providing feedback and suggestions. This discussion period ensures that the proposal is well-understood and refined before it moves to a vote.

3. Voting: After the discussion period, the proposal is put to a vote. Voting is conducted on-chain using the CATH token. Each token represents one vote, and decisions are made based on the majority of votes cast, with certain proposals requiring quorum thresholds.

Article 6: Treasury and Financial Management

6.1 DAO Treasury

The DAO’s treasury is managed through a multi-signature wallet, ensuring that no single individual has control over the funds. The treasury holds CATH tokens and other assets, which are used to fund projects, initiatives, and operational expenses.

6.2 Fund Allocation

Funds are allocated based on community-approved proposals. Projects, working groups, and departments submit funding requests to the DAO, and these requests are subject to community voting. Transparency is maintained through on-chain tracking of all funds and disbursements.

Article 7: Code of Conduct

The Cathedral Foundation DAO is committed to fostering an inclusive, respectful, and collaborative community. All members are expected to treat each other with respect, maintain professionalism, and engage in constructive dialogue. The DAO does not tolerate discrimination, harassment, or unethical behavior in any form.

Article 8: Amendments to the Constitution

This Constitution is a living document, subject to change through the DAO’s governance processes. Amendments can be proposed by any CATH token holder and must be approved by a majority vote of the community.