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From YouTube: Know Your MIP #10 | MIP58 | RWA Foundations
Description
For this new episode of Know Your MIP we’ll have Sébastien Derivaux (@Sebventures) elucidating the newly proposed MIP58: RWA Foundations 7.
MIP 58: https://mips.makerdao.com/mips/details/MIP58
Discussion: https://forum.makerdao.com/t/mip58-rwa-foundations/9680
A
Hi
everyone
welcome
welcome.
My
name
is
juan
I'm,
the
facilitator
for
the
sustainable
ecosystem
scaling
core
unit,
and
today
we
are
discovering
another
one
of
our
mips.
So
this
is
the
session.
Now
your
map
number
10
and
we'll
be
speaking
about
mip
58,
which
is
the
real
world
asset
foundations
with
the
messier
sebastian
delivo
and
yeah.
Without
without
for
you,
I
think
everyone,
everyone
knows
seb.
So
if
you
want
to
take
it
away.
B
B
So,
let's
go
so
today
we
will
speak
about
58,
the
real
water
set
foundations,
so
this
is
important
because
there
may
be
many
and
it's
the
mip
was
really
designed.
Like
a
software
engineer,
and
it's
really
tempted
that
you
can
duplicate.
There
is
a
lot
of
options,
so
it
might
be
a
little
complex,
but
we
will
see
that
the
core
is
quite
simple.
B
So
what
are
we
doing?
Hello
asset
foundations,
and
especially
in
the
canyon,
islands
and
stuff,
like
that,
the
issue
we
are
facing
is
at
a
reward
finance
car
in
it
is
we
have
a
lot
of
asset
originators
that
want
to
sell
assets
who
borrow
a
die
from
our
dollars
from
mecca,
but
they
don't
have
all
the
time
or
the
infrastructure
of
the
budget
to
define.
Well,
what
do
you
mean?
Make
a
dow
can
lend
us
dollars
or
die,
or
what
do
you
mean
maker?
B
B
There
is
two
reasons
for
that.
First
is,
as
everyone
knows,
we
have
three
billion
of
usdc
on
our
balance
sheet
on
the
protocol
and
we
are
not
getting
anything
any
revenue
from
that.
It's
just
dry
cash
sitting
there
doing
nothing
so
using
it
is
important,
and
it
is
also
a
good
way
if
you
invest
in
real
assets
to
diversify
from
the
crypto
exposure
that
we
have
with
our
cryptobots.
B
So
investing
three
billion
of
die
is
not
a
problem
in
the
real
world,
so
it's
solving
two
two
issues,
so
I
think
holding
keyword
assets
with
full
compliance
to
kyc
ml.
So
to
know
your
customer
antimodal,
antimony
laundering
rules,
because
obviously,
as
make
a
doubt,
doesn't
exist,
it's
difficult
to
know
who
is
make
a
doubt,
because
we
don't
have
a
legal
entity.
We
are
not
a
person
and
same
here.
B
If
we
want
to
do
business
with
some
parties,
they
want
to
know
that
who
they
are
doing
business
with
and
to
be
sure
that
it's
legit,
and
for
that
you
need
to
have
a
legality
in
the
real
world.
The
other
part
is
after
we
sign
a
contract.
We
want
to
be
sure
that
we
are
able
to
enforce
all
rights
regarding
the
the
assets
that
we
bought
are
the
the
money
that
we
lend
meaning
that
swing.
We
can
sue
in
a
recruiter
flow.
B
We
can
sign
contracts
to
be
able
to
run
for
them,
and
so
on
so
really
on
for
this
clemens
those
came
on
foundations.
The
idea
was
to
create
a
make
it
out
manage
template.
I
think
this
is
important,
because
we
don't
want
to
have
all
lenders
coming
with
their
own
documents
and
everything
every
time
we
need
to
spend.
I
don't
know
how
many
thousands
die
dollars
to
have
a
lawyer
review
everything,
because
we
are
not
sure
that
they
have
maybe
changed
just
one
part
of
the
document.
B
We've
started
because
the
true
election,
the
canaanite
land,
is
already
used
for
a
lot
of
offshore
finance,
especially
in
link
with
the
u.s.
So
there
is
already
this
nice
link.
There
is
always
the
big
ecosystem
of
headphones.
A
lot
of
d5
projects
or
crypto
project
are
using
common
foundations
or
other
socials
in
the
climate.
B
So
that's
there
is
a.
I
mean
I
don't
know
how
many
people
in
the
gaming
island
are
working
just
to
provide
those
kind
of
tools,
but
I
guess
a
lot
and
it's
us
remote
so
currently
for
freewall
asset.
We
have
many
invested
in
the
us,
but
obviously
at
some
point
you
want
to
have
some
diversification
and
the
regulatory
regime,
or
at
least
the
sentiment.
B
On
crypto
by
the
political
parties
currently
in
washington
is
not
great,
I
would
say
so
it's
better
to
go
to
a
jurisdiction
where
business
is
always
open
and
cayman
is
always
open.
So
that
gives
us
a
degree
of
separation
from
the
for
all
the
noise
in
the
u.s
and
a
good
starting
point
to
invest
somewhere
else
in
the
world,
and
we
have
found
that
the
foundation
structure
is
providing
excellent
flexibility.
B
B
The
cool
thing
about
it
and
the
most
important
one
is
that
it
can
be
offered,
and
I
mean
really
often
there
is
no
shareholder
or
numbers
at
all.
In
the
social
we
propose,
there
is
one
to
create
the
company,
then
it's
removed,
and
there
is
a
provisions
that
say
that
there
can
never
be
again
any
member.
B
So
it's
truly
often
and
that's
always
the
issue-
it
enables
the
usage
of
a
dark
resolution
we
will
see
a
later
on,
so
that
provides
control
to
make
a
dab
so
maker
dao
can
say
that
nothing
can
happen
if
there
is
not
an
executive
vote
from
mkhitaryan
and
mcadam
can
be
the
beneficiary,
even
if
it
doesn't
exist
as
a
person.
Sometimes
it's
to
be
a
beneficiary.
You
need
to
to
exist,
but
in
the
comments
and
for
the
kind
of
foundation,
that's
not
a
prerequisite.
B
Directors
always
have
fiduciary
duty
to
the
foundation
as
it
can't
be
limited
or
transferred.
We
have
a
discussion
with
service
providers
and
directors,
professional
directors,
and
what
come
often
is
that
they
don't
want
to
be
forced
to
make
a
decision
that
can
expose
them
to
liabilities
and
that's
good,
because
that's
a
pro
and
account.
B
Obviously
that
means
that
you
cannot
make
them
do
something
stupid
because
it's
their
fault
and
they
cannot
transfer
the
liability
to
you
to
make
a
dollar
or
some
subparties
and
that's
that's
a
win
as
well,
because
we
are
quite
sure
that
those
people
will
not
take
too
much
risk
and
there's
a
difference.
The
main
difference
between
a
foundation
and
a
trust.
B
It's
quite
the
concept
is
quite
similar,
but
implementation
is
different.
A
foundation
is
a
legal
entity
by
itself
autonomous
and,
while
trust
is,
you
are
giving
the
asset
to
a
trustee.
So
it's
obviously
it
can
defense
by
reductions,
but
it's
not
really
a
different
legal
entity
really
independent.
It's
just
like
you
are
giving
your
coin
to
coinbase,
that's
kind
of
the
trust
because
you
are
making
using
them
as
costly
while
the
foundation
is
an
autonomous
entity.
That
is
often
no
members.
So
it's
just
like
a
wallet
in
device.
So
it's
self-resolute.
B
So
here
is
a
diagram
on
how
it
can
work
again,
it's
quite
generic,
so
we
can
go
in
many
directions.
So
on
top
you
can
see
that
mekado
is
making
decisions
through
dow
resolution.
We
will
see
that
in
the
next
slide
there
can
be
many
foundations
and
for
every
foundation
there
can
be
many
projects.
Each
project
will
be
inside
an
spd.
Spv
is
a
special
proposed
vehicle.
B
That
means
that
it
can
be
a
delaware,
lc,
a
trust
somewhere
else,
a
company
in
singapore.
What
makes
sense
and
the
the
project
will
be
financed
from
the
dye
taken
from
a
microvolt
so
for
project
number
one.
There
will
be
one
spv,
so
it
could
be
located
in
one
place
and
there
will
be
a
makerboard
that
is
transfers
the
dye
through
this
sp,
the
die,
as
we
will
see,
is
not
just
send
from
wallet
to
wallet
it's
using
a
mip
21,
so
it's
a
smart
contract
and
nothing
can
go
somewhere
else.
B
B
B
B
Please
let
me
just
one
another
slide
and
you
will
have
the
answer.
So
that's
good.
So,
first,
before
going
to
what
is
the
resolution,
we
need
to
understand
a
little
bit
how
canon
foundation
works.
There
is
three
words
in
the
canon
foundation,
so
one
is
a
director
which
managed
the
company,
so
that's
the
most
logical
ones
you
can,
you
can
see,
he
holds
a
finisher
iduty
to
the
foundation
and
it
will
do
the
day-to-day
management.
B
B
It's
when
you
are
giving
you
are
sending
money
or
giving
money
to
the
foundation.
I
don't
know
what
you
would
do
with
that
in
this
case,
but
it
should
it
may
it
should
make
sure
that
the
money
is
not
coming
from
drug
sellings
or
terrorism,
but
in
this
case
we
don't
usually
send
money
to
the
foundation.
B
So
that's
not
a
problem,
and
the
secretary
also
published
all
the
resolution
as
diagnosis,
and
we
will
see
that
later
on
as
well,
so
those
people
are
managing
the
foundation
and
making
the
link
between
the
foundation
and
maker
just
to
be
extra
safe.
We
decided
to
have
three
different
service
providers
in
order
to
get
maximum
resilience.
B
B
So
how
does
the
dial
resolution
and
the
down
notice
work?
So
it's
really
to
enable
make
a
dial
direction
to
the
foundation
or
send
direction
to
the
foundations.
The
directors
are
not
doing
much
by
themselves.
They
don't
want.
They
cannot
decide
where
maker
daw
wants
to
invest
and
even
if
they
could
decide
where
to
invest,
it's
not
the
job
and
they
don't
have
the
money,
because
the
foundation
doesn't
have
access
to
much
cash
flow
except
just
enough
dollars
to
pay
them
every
year.
B
So
the
dollar
resolution
is
any
message
in
an
executive
directed
at
the
formation.
So
that's
why
we
are
creating
the
mip
59
58.
Sorry,
it's
to
create
a
framework
where
we
can
be
sure
that
the
person
that
should
receive
the
machine
sage
or
at
least
send
the
person
that
sends
a
message
is
using
the
right
template.
So
we
can
be
sure
that
the
person
on
the
opposite
side
understands
that
the
message
is
for
them.
If
we
have
a
10
foundation
and
someone
is
putting
an
executive
well,
I
want
this
foundation
to
sell
this
asset
yeah.
B
Well,
what
foundation
are
you
speaking
of
who
should
receive
the
message
and
so
on?
So
it's
made
to
provide
a
framework.
So
what
is
important
is
that
their
resolutions
are
quite
unique.
You
can
do
almost
anything
in
them
and
if
you
can
read,
you
are
sending
them
many
to
the
directors
and
the
supervisor,
and
you
can
see
that
they
should
act
on
the
daw
resolution.
B
I
think
most
of
the
time,
except
if
you
want
to
do
something
stupid,
which
normally
we
shouldn't
do,
they
will
implement
it.
They
have
the
obligation
to
implement
it
if
it
doesn't
go
against
the
financial
identity
they
have
or
the
applicable
laws
and
all
significant
decisions
need
to
be
ratified
by
the
resolution.
B
B
B
A
A
B
We
just
had
to
develop
another
tool
a
scale,
so
they
can
view
that
yeah
and
even
interesting
can
be
act
so
yeah
something
a
tool
that
is
of
chain
of
offline,
so
it
cannot
be
attacked
directly,
but
that
is
that
can
connect
well.
That
can
connect
to
it.
Just
can't
but
there's
a
risk,
and
I
don't
think
the
service
provider
in
the
camera
in
ireland
will
be
happy
to
run
an
ethereum
node,
that's
unlikely
to
happen
or
it's
possible,
but
it
will
cost
a
lot.
A
B
Then
there
will
be
some
interested
persons.
We
have
still
to
work
a
little
bit
on
that.
So
first,
it's
unlikely
that
it
goes
wrong
because
I
was
already
so
we
are
using
service
providers
that
are
doing
a
lot
of
stuff
for
the
directors.
We
are
looking
for
companies
that
are
doing
worldwide
management
of
billions
of
dollars,
so
not
just
a
smaller
startups,
and
if
there
is
something
like
that,
so
they
have
a
fiduciary
duty.
So
we
can
sue
them.
C
A
B
So
here
are
just
foot
down
notice,
which
is
just
another
way
to
explain
that
they
should
be
able
to
post
on
the
forum
more
or
less
and
at
our
resolution
the
wording
exactly
so
make
sure
that
only
executive
votes
that
are
executed
are
used
so
that
give
us
48
hours
or
something
else,
and
I
mean
even
if
the
foundation
is
going
wrong.
So
to
go
to
your
previous
questions
is
there
is
nothing
to
steal
as
a
foundation,
so.
D
He
said
yeah
so
as
a
foundation,
is
the
foundation
looking
to
take
a
percentage
of
the
net
profits
and
give
them
back
to
the
cayman
islands?
As
an
example,
I
have
a
friend
who
is
into
cigars
and
he
loves
this
cayman
island
cigar
company
who
takes
100
of
the
net
profits
and
gives
it
back
to
drug
addicts
in
cayman
islands,
and
I
believe
they
also
have
bought
a
bunch
of
land
and
started
some
farming
initiatives
right
to
to
create
jobs
and
farming,
et
cetera.
B
D
B
So
actually,
there
is
a
lot
of
other
d5
projects
that
are
having
a
foundation
and
they
are
using
it
to
to
invest
in
stuff
smaller.
Obviously,
because
I
don't
have
all
the
names,
but
I
tell
you
naturally,
I
can
share
them,
but
other
like
us,
but
way
smaller
because
make
a
dao
is
the
best
project
that
are
using
canon
foundation
to
invest
as
a
proceeds
they
have
made
and
one
one
company
that
is
that
was
doing
it
earlier
was
a
maker
maker
with
a
maker
foundation,
but
they
didn't.
B
B
B
D
Hey
and
circling
back
to
the
to
the
directors:
is
there
any
non-judiciary
duty
that
doesn't
need
to
be
a
part
of
their
role,
so
in
other
words,
do
they
need
to,
and
I
think
you
you
touch
upon
this-
do
they
need
to
be
experts
in
in
this
ecosystem
and
also
my
last
question
to
that
is?
Can
you
delegate
your
powers
as
a
director
to
someone
else.
B
So
they
know
the
business
they
know
make
a
dao
and
all
that
kind
of
stuff.
Obviously
they
are
not
smart
contract
developers
or
anything
like
that,
but
we
have
we
are
discussing
with
those
that
have
more
familiarity
with
with
the
matter,
but
at
the
same
time
we
want
some
that
are
bigger.
That
is
always
a
conflict
between
someone
that
is
smaller
but
still
have
the
finished
duties.
She'll
have
some
some
credentials.
B
So
it's
always,
you
have
to
find
the
best
services
and
for
the
delegation
of
forward
I
are
correct,
so
you
can
create
at
least
what
we
made
in
the
constitution.
So
we
can
create
a
committee.
It's
a
group
of
persons
that
the
dro
can
design
through
the
resolution,
so
it
doesn't
have
to
be
made
at
the
beginning
to
provide
directions
and
authorization
to
the
directors
and
specific
subjects,
because
the
problem
with
at
least
a
feature
of
the
directors
is
that
they
don't
want
to
make
too
many
decisions,
because
there
is
always
a
risk.
B
So
they
want
someone
to
say
they
want
to
say.
Oh
it's
this
person,
the
constitution
say
that
I
should
listen
to
this
person,
so
I
will
do
it
and
that's
less.
My
problem
in
the
communication
is
still
their
problem,
but
at
least
they
can
say
that
we
follow
the
process,
so
we
can
create
a
committee
from
what
we
heard
from
the
potential
directors
that
they
would
prefer
to
have
a
committee
that
is
expert
in
the
topic
to
to
to
make
a
decision
that
seems
like
following
the
fiduciary
duty.
B
They
don't
want
someone
popping
up
and
saying.
Oh
yeah,
you
should
so
this
loan
we
made
to-
I
don't
know
solaris
or
another
one.
Well,
they
don't
have
to
repay.
It's
fine,
that's
not
going
to
work
because
it's
goes
against
the
finished
duties
and
for
the
authorization
authorization
apart.
That's
more
and
there
are
service
providers
for
that
as
well.
It's
usually
those
directors
don't
want
to
do
so
too
much
daily
management,
like
opening
a
bank
account.
B
So
usually
you
can
delegate
authority
to
represent
the
foundation
on
specific
subject
and
then
again
that
again,
you
can
do
this
by
the
dark
resolution.
So
at
the
beginning
there
is
no
delegation,
but
you
can
say
that
while
payton
you
will
go
to
wells,
fargo
and
open
a
bank
account
in
the
name
of
the
canon
foundation
or
the
subsidiary
of
the
keynote
solution.
B
So
you
have
a
piece
of
paper
from
the
director
saying
you
should
do
that
and
you
are
allowed
by
the
phonation
to
do
that,
and
only
that,
so
those
tools
are
used
as
way
to
minimize
governance.
Overhead.
On
on
non-important
stuff,
like
we
don't,
maybe
we
don't
have
to
decide
if
you
want
wells,
fargo
or
another
bank
and
dx
provide
direction
in
case
the
director
needs
it.
Sometimes
the
director
would
say:
well
that's
a
decision,
I'm
not
an
expert.
I
don't
know
what
to
do.
Well.
B
If
this
is
a
loan,
it
would
be
a
loan
servicer
that
is
knowledgeable
of
this
iir,
so
that
the
director
of
the
client
foundation
doesn't
have
to
understand.
Well,
you
made
a
loan
to
a
construction
project
of
solar
farm.
I
don't
know
anything
about
solar
farm
nor
new
york
laws
and
know
anything,
so
that's
more
or
less
the
idea.
B
So
why
is
the
chemical
nation
safe?
So
first
there
is
a
fiduciary
duty.
We
will
use
a
service
provider
that
have
an
experience
and
a
reputation
and
don't
want
to
be
sued
for
no
reason
and
exclude
from
the
business,
because
usually
it's
a
part
of
the
partnership
sign,
so
they
will
lose
everything
if
they
misbehave
not
much
is
allowed
by
the
dow
resolution.
B
B
B
B
So
even
the
subsidiary,
in
this
case
the
delaware
llc,
cannot
access
the
escrow
account
directly
and
for
the
decisions,
let's
say
you're,
making
the
investment,
or
at
least
oh.
We
can
see
this
waiving
something
or
any
decision.
We
send
that
to
the
asset
foundation
as
the
redwater
foundation
is
a
number
managing
the
delaware
lc.
It
can
act
as
the
the
manager
of
the
drywall
c.
B
I
will
probably
not
do
much,
but
just
inform
the
loan
servicer
to
to
do
it
and
the
loan
servicer
with
real
service,
the
construction
and
loan
note-
and
maybe
maybe
the
main
thing
we
will
have
to
do-
is
for
the
resolution
to
change
the
loan
service.
If
we
are
not
pleased
with
the
loan
servicer
for
any
reason,.
B
So
it
will
require
the
darwin
certain
gig,
the
resolution
at
the
beginning,
to
restrict
the
creation
of
the
delaware
rlc
of
the
broker
relationship
of
the
scroll
account.
So
everything
will
be
done
a
bit
earlier
to
set
up
almost
everything
and
just
give
the
command
as
a
the
the
director
of
the
credible
asset
foundation,
to
set
up
the
wrlc
to
act
as
the
manager
of
the
delaware
tea
to
appoint
the
loan
servicer
to
open
up
the
escrow
account
and
to
sign
the
broker
contract,
and
then
everything
will
be
set
and
yeah.
B
B
So
first
you
cannot
live
with
the
money
because
there
is
no
money
at
least
only
the
money
we
get
at
the
end
of
the
year.
So
it's
not
very
helpful
for
him
and
well,
it
is
it's
a
fiduciary
duty,
so
it
will
it's
a
criminal.
I
think
it's
a
criminal
felony,
not
sure
one
in
person,
but
that's
not
something
that
can
happen.
I
mean,
and
every
time
you
will
go
in
the
real
world,
the
same
issue
will
arise.
B
B
Yeah,
so
that's
the
issue
is
that
in
the
comments
they
don't
want
to
disclose
the
relationship
before
creating
the
foundation,
which
it's
a
bit
odd,
because
I
I
would
be
better,
it
would
be
better
to
get
the
name,
so
you
can.
The
maker
represents.
The
maker
holders
can
vote
on
this
one
as
well,
but
that's,
sadly,
not
possible.
All
I
can
say
that
the
directors
is
a
big
we
want
to
put
in
charge
is
a
big
firm
that
is
acting
worldwide
and
administering
more
than
one
100
billion
of
dollars
worldwide.
C
That's
good.
This
one
might
be
a
little
broad,
but
I
guess
kind
of
the
community.
The
one
other
cayman
structure
we've
been
presented
with
is
is
like
the
success
trucks.
Trust
structure
I
can
speak.
So
do
you
think
you
could
highlight?
Maybe
what
like
the
benefit,
is
of
going
through
this
way
or
or
the
advantages
or
I
don't
know,
yeah.
B
So
that's
the
difference,
cayman
foundation
versus
shaitable
trust.
So,
but
I
you
have
to
understand
that
for
the
success
case,
the
shytable
trust
is
not
super
helpful.
It's
mainly
a
way
I
mean
at
the
beginning.
If
you
read
the
meep,
it
was
just
a
tfe.
It
was
not
even
a
straight
up
trust
because
it
was
not
super
important
in
the
design
we
can
discuss
more,
but
it
was
not
super
important,
usually
when
they
are
asking
the
question.
B
Success
versus
the
foundation
is
more
comparing
the
cayman
foundation
and
the
delaware,
statutory
trust,
and
there
are
a
difference,
are
smaller.
One
is
the
truth.
The
other
is
the
foundation,
but
that
doesn't
make
any
difference
more
or
less,
and
it's
mainly
on
the
details,
and
there
are
pro
and
cons
for
both.
What
I
like
in
the
human
foundation
is
that
it
is
in
the
from
in
the
cayman.
B
B
So
that's
why
they
have
to
to
someone
to
be
the
trust
sponsor
and
the
trust
sponsor
have
some
level
as
a
lot
of
not
a
lot
but
some
powers
in
the
in
the
lower
statutory
trust,
because
it's
a
directed
trust-
and
it
doesn't
seem
that
you
can
use
a
dial
resolution
for
that.
So
you
need
to
appoint
someone
to
do
the
stuff
which
then
can
lead
to
is
it
can
be
less
than
id
less
pure,
at
least,
and
another
point
was
and
was
mentioned
by
the
christian.
Is
that
so
in
the
statutory
trust?
B
B
B
It's
not
directly
make
a
dao,
it's
someone
else,
but
acting
for
me,
and
you
can
do
that
a
proxy
of
a
proxy
by
putting
under
our
statutory
trust
in
place
of
the
data
ylc
and
then
you
can
say
well,
I
maybe
I
wanted
a
proxy
of
a
proxy
of
a
proxy
by
including
an
irish
trust,
but
then
it
gets
quite
complicated
and
obviously,
if
you
want
to
set
up
a
drawer
statutory
trust,
it's
super
flexible.
So
you
have
to
read
all
the
lines.
B
There
are
many
hedge
funds
spvs,
and
sometimes
they
are
using
star
trust
or
foundation,
but
it
mainly
depends
from
where
they
are.
So.
What
I
understand
for
other
parties
is
that
between
the
star
trust
and
the
human
foundation
depends
how
our
fund
you
want
it
to
be
and
depend
where
you
are
coming
from
so
a
star
trust
is
a
trust
and
for
some
countries
the
trust
is
too
complex
to
manage,
so
they
prefer
foundation,
but
for
some
other
countries
they
prefer
trust
than
a
foundation.
B
For
instance,
in
the
middle
east.
A
trust
is
not
trustworthy
in
the
middle
east
they
prefer
foundations
is
different.
If
you
are,
I
don't
remember
the
difference
between
common
and
civil
law.
That's
making
some
some
issues
there
and
we
can
work
more
in
the
details.
But
if
could
if
right,
there
is
an
endless
things
to
do,
but
it's
mainly
yeah
some,
some,
some
big
crypto
protectors
that
are
using
the
foundation,
mainly
because
there
is
no
real
owner,
it's
a
true
or
fund.
C
B
B
B
B
B
Having
many
information
is
like,
so
you
are
using
a
service
provider,
the
three
service
provider
in
your
case,
and
you
can
decide
for
every
foundation,
you
use
a
new
set
of
service
providers,
but
then
you
spend
a
lot
of
time
discussing
with
them
or
changing
them.
The
director
on
one
is:
the
supervisor
is
the
second
one
and
the
supervisor
the
first
one
is
the
director
of
the
second
one,
but
I
don't.
I
don't
think
that
that's
too
much
useful,
but
the
community
can
say
well.
We
want
one
foundation
per
project
and
that's
fine.
B
B
Yeah
and
currently
we
have
no
other
project,
so
success
is
using
the
success
structure.
120
db
is
using
the
sixth
structure.
Renault
will
use
most
likely
the
cumulon
foundation,
at
least
that's
my
understanding
that
it
was
our
choice
and
yeah.
So
even
at
some
point,
so
maybe
that
could
be
a
different
wallace
information.
I
have
no
clue.
We
could
migrate
the
centrifuge
drop
token.
We
have
on
innovate
in
mip
22
in
a
set
foundation
as
well.
D
B
Yeah,
so
for
me,
as
long
as
and
as
it
is
in
there,
you
can
look
at
this
on
the
blockchain,
but
obviously
you
can
develop
stuff
as
well,
and
then
we
can
have
a
report
from
the
I'm
guessing.
The
loan
servicer
is
providing
reports
to
the
directors
of
the
foundation
and
those
who
can
report
to
the
to
the
website,
to
the
forum
or
to
anyone.
D
B
D
B
B
A
Speaking
about
decisions,
how
do
you
you
say
that
the
dao
will
give
like
a
kind
of
like
a
a
mandate
or
a
resolution?
So
how
do
we
make
sure
that
the
dao
is
actually
telling
what
they
what
they
want,
and
what,
if
we
get
a
very
like
passive
tao,
when
it's
like,
you
tell
me
and
I'll
vote
for?
Yes,
no,
so
right
now
there
seems
to
be
a
narrative
around.
Please
tell
me
what
to
do
compared
to
should
we
do
a
b
or
c,
and
how
do
we
make
sure
that
that's
working
yeah.
B
B
B
D
A
B
A
B
So
far
for
the
project-
yeah,
it's
just
like
an
e6,
but
for
the
discussion
with
the
directors,
that's
remain
to
be
decided,
and
I
mean
those
guys
are
here
to
manage
the
critical
asset
foundation
for
on
behalf
of
nikki
dao.
So
they
will
find
a
way
to
to
discuss
with
anyone
than
say
seem
respectable,
most
likely
the
it
can
be
me.
It
can
be
the
monetary
actors
as
a
wall.
It
can
be
a
making
a
forum
post.
B
C
B
B
In
that
case,
there
is
a
provision
that
they
are
using
for
other
defect
projects
as
well,
that
the
directors
can
then
do
stuff,
even
without
a
doubt,
resolution
just
to
be
sure
to
safeguard
the
rival
assassination
and
not
wait
until
we
fix
make
it
up.
I
cannot
see
what
would
be
the
issue,
but
that's
important
to
note
as
well.
C
B
Yeah,
so
planets
asked
loan
servicer
if
it's
the
same
as
the
bank,
it's
not
the
loan
service,
but
it
can
be
a
bank
and
I
know
that
wells
fargo
is
doing
servicing,
but
it's
usually
a
different
company
setting
sending
the
request
for
payment
and
yeah
just
making
your
mails
and
manage
the
loan.
If
there
is
a
big
issue.
E
One
one
quick
question
on
the
loan:
servicer
is
the:
does
the
loan
servicer
handle
the
the
cash
like
have
control
of
of
like
principal
and
interest
repayments
from
from
the
borrower?
Does
it
go
to
a
bank
like
a
bank
account
that
is
controlled
by
an
independent
loan
servicer
or
or
does
it
typically
go
to
the
the
kind
of
asset
originator
and
then
there's
kind
of
a
risk
of
of
misappropriation
of
the
cash.