Map Organizations Covenants ITEMS

Equities

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ETH-Equities


ETH-Equities, also known as programmable equities, are the only keys to governance of On-Chain Organizations.

Equities of protocols on top of Ethereum

Eth-Equities are the voting tokens of on-chain organizations. They are like the private equities of traditional finance in that they confer ownership of an organization and its assets. However, they are different in that confer exclusive ownership, and this is what makes on-chain organizations truly decentralized.

In terms of governance, the difference between on-chain organizations and DAOs is that DAOs are ultimately owned by centralized, off-chain entities, and their token holders are only ever allowed control over a limited area of the protocol (if they are allowed any at all).

On the other hand, Eth-Equity holders have complete control over on-chain organizations and can do anything with them: change governance rules, update cores, manage treasuries, organize and implement DeFi investment strategies, and so on.

Eth-Equities and on-chain organizations make off-chain centralization perfectly redundant.

Programmable Equities of DFOs/ECOs are the equities that own the code of DAOs and Dapps functions, basically replacing the needs of an off-chain company and its equities.

ethOS ($BUIDL, $UniFi and $ARTE) Equities

The three main On-chain Organizations that empower the ethereansOS are:

Buidl: ETH-Equity of DFOhub

UniFi: ETH-Equity Equity of Covenants

Arte: ETH-Equity Equity of Items

Names are currently misleading. We're facing a rebrand, and once the ECO is completed, the token names will reflect the Organizations names.

All of these three tokens have the right to manage their On-Chain organization, without any possibility of add functionalities, update functionalities or manage assets without a proposal and the acceptance based on the governance rules with these tokens.

Inflation:

Inflation is now being conducted via Tokenless Governance mint-vote-burn atomic transactions. When DFOhub v0.5 releases, token holders of $BUIDL, $ARTE and $UniFi will govern the inflation of each using subDAOs. Until then, inflation earnings are distributed as follows:

50% to the NERV wallet - 50% split among farmers and the DFOhub, Covenants and Items DFO wallets

NERV

The NERV DFO is the ethOS team’s private entity, and funds its operations—team expenses, protocol development—with the ETH it earns from ethOS Eth-Equity inflation. Its modus operandi is to reach version DFOhub v1.0 and foster ethOS DFOs.

DFOhub, Covenants and Items

These DFOs are public entities ruled by ethOS Eth-Equity token holders, who have total and exclusive control over every line of code and all of their assets.The inflation they conduct incentivizes ethOS Eth-Equity farming by providing rewards, and the tokens they earn from inflation increase the total value locked of their treasuries with Eth-Equity holder-ruled assets.

Following the release of DFOhub v0.5, the ethOS DFOs and the NERV DFO will jointly conduct the inflation for all three core ethOS Eth-Equities.

Inflation Numbers:

$buidl

Until the release of DFOhub v0.5, the total inflation of $BUIDL is now 906 / day.

Daily Inflation Events

600 $BUIDL sold for $ETH.

- 73% of the $ETH is sent to the NERV DFO’s treasury

- 22% of the $ETH is sent to the DFOhub DFO’s treasury

- 5% of the $ETH is sent to the Where Is My Dragon

32.5 $BUIDL sold for $ARTE

- 100% of the $ARTE is sent to the DFOhub DFO’s treasury

32.5 $BUIDL sold for $UniFi

- 100% of the $UniFi is sent to the DFOhub DFO’s treasury

226 $BUIDL distributed to farmers

$ARTE

Until the release of DFOhub v0.5, the total inflation of $ARTE is now 629 / day.

Daily Inflation Events

416.6 $ARTE sold for $ETH.

- 73% of the $ETH is sent to the NERV DFO’s treasury

- 22% of the $ETH is sent to the Items DFO’s treasury

- 5% of the $ETH is sent to the Where Is My Dragon

28.7 $ARTE sold for $BUIDL

- 100% of the $ARTE is sent to the Items DFO’s treasury

28.7 $ARTE sold for $UniFi

- 100% of the $UniFi is sent to the Items DFO’s treasury

155 $ARTE distributed to farmers

$UniFi

Until the release of DFOhub v0.5, the total inflation of $UniFi is now 4,813 / day.

Daily Inflation Events

3,187.6 $UniFi sold for $ETH.

- 73% of the $ETH is sent to the NERV DFO’s treasury

- 22% of the $ETH is sent to the Covenants DFO’s treasury

- 5% of the $ETH is sent to the Where Is My Dragon

188.2 $UniFi sold for $BUIDL

- 100% of the $ARTE is sent to the Covenants DFO’s treasury

188.2 $UniFi sold for $ARTE

- 100% of the $UniFi is sent to the Covenants DFO’s treasury

1,842.6 $UniFi distributed to farmers

With the DFO .5 relese, DFOs tokens will be switchable to ITEM-based tokens with no time limit at a 1:1 ratio.