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AMKT DAO Working Constitution

The AMKT DAO is responsible for creating and maintaining the AMKT Benchmark, a benchmark tracking the crypto-asset market. The DAO is composed of two bodies – the holders of the first implementation of the Benchmark (the AMKT Token), and a set of AMKT Governance Stewards.

Governance Stewards

The AMKT Governance Stewards are a group of value-aligned individuals from throughout the crypto ecosystem. They have the following responsibilities that are expanded on in other sections of the working constitution.
  • Owning the smart contracts for the first implementation of the AMKT Benchmark, the AMKT Token
  • Working in tandem with the AMKT Token holders to judge assets for fit within the AMKT Asset Universe
  • Working in tandem with the AMKT Token holders to draft and adopt a Bedrock Constitution
Name
Address
Austin Diamond
0x8d7032338dD067121ed79A2ad8eB3679a9fFdB48
David Hyland-Wood
0x5b6E90D0F127e781b7FC59fd9204F119e6d3a937
Evin McMullen
0x9C7b16E49c2F579453C45CA0BF7771A43Dc61449
Gauthier Le Meur
0xbcB70f107866f1D4482Dabb6A8718a0AB1d8d7d0
Jun Ho Hong
0x3361d390CE219AEa76F4317344fE378706d904Ac
Maggie Love
0x6c7D6e58cD8865fbd679Dbd3e7b9aCaCFe6e401b
Rai (Ratan) Sur
0x9a0Af22097C6c0badc60d6F148B2E275b19Dc2c7
Tim Beiko
0x60Ed8a06795a78A7e35BcC4Cf9dc1A1048C10095

How to Participate as an AMKT Token Holder

The AMKT DAO has a set of guidelines and procedures for the conception, voting, and execution of new governance proposals. See the Asset Universe Update Process for more detailed information about how these work.
The DAO chooses a Service Entity to carry out tasks for which a legal entity is required.
The DAO's chosen service is Battery Labs, which will perform the following example functions related to the index on behalf of the Alongside DAO:
1. KYC-related activities
2. Holding the institutional custodian accounts
3. Operating front-ends
4. Coordinating auditing functions
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Transferring tokens to some addresses may be prohibited by the laws of relevant jurisdictions. As part of their role in administering the smart contracts, Stewards can restrict transfers of AMKT to and from those addresses to comply with any jurisdictions they deem relevant.

Preparing for the Future

This Working Constitution is an intentionally transitory document. This version of the constitution will remain in effect for no more than three years. We hope the AMKT DAO adopts a Bedrock Constitution within that time. There are still many lessons to be learned about how to ensure a vision is stably carried forward in the face of changing times. We may need to update our procedures along the way.
Any verified AMKT Token holder can propose a new Bedrock Constitution. If the proposal reaches a 10% quorum, the Governance Stewards will consider it for adoption. To reduce the chance of gridlock, a Bedrock Constitution proposed by a majority of Governance Stewards will pass by default unless a 10% quorum of AMKT supply opposes it.
If no Bedrock Constitution is adopted by the deadline, governance of the AMKT DAO will be ceded to the AMKT DAO Fallback Constitution outlined in the appendix.
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