Constitution

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Working Constitution of the Everclear DAO

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The Everclear DAO Constitution establishes the principles and values that guide the operations of the Everclear DAO. It is intended to act as a framework for DAO participants to determine which actions should be considered to be a worthwhile allocation of resources and in the best interests of the broader Everclear ecosystem (the “Everclear Collective”).

The Everclear DAO Constitution is a working document aimed at aligning the mission of the Everclear Collective and is expected to evolve through the input of the community according to the process defined in Article 5 below.

Article 1: Purpose of the DAO

The vision of Everclear is to empower builders to create applications that are universally accessible from any chain, using any token, all while maintaining the highest possible security.

The core purpose of the Everclear DAO is to realize the Everclear vision by effectively allocating resources to individuals and organizations (“Core Contributors”) that develop the Everclear protocol and grow the adoption of the Everclear network.

Article 2: Rights and Responsibilities of the DAO

The Everclear DAO is comprised of CLEAR (formerly NEXT) holders who vote on proposals submitted by members of the broader Everclear Collective.

The DAO has the following capabilities:

• Allocating assets from treasury to Core Contributors to support the development and growth of the protocol.

• Allocating assets from treasury to fund operational expenses for the protocol until financial sustainability is achieved.

• Evaluating the efficacy of resource allocation and optimizing it over time.

The Everclear DAO is additionally responsible for electing and removing members of the Security Council, an operational multisig that can take critical actions on behalf of Everclear, such as vetoing DAO votes, performing routine upgrades, and pausing the protocol in the event of an emergency, until such time as the Security Council is no longer needed.

Article 3: Ungovernance of the Everclear Protocol

Governance by CLEAR holder vote is a critical first step in decentralizing the resource allocation and administration of the Everclear protocol.

True decentralization and permissionless operation of the Everclear protocol are achieved by ossifying repeatable governance processes and enshrining them directly into the underlying protocol. This process is called ungovernance.

A further goal of the Everclear DAO is long-term self-limitation through ungovernance by reducing human-made decisions and automating processes such as resource allocation, fair utilization, and network administration directly within the core protocol based on appropriate on-chain metrics or incentive design.

Article 4: Guiding Principles of the Everclear DAO

The Everclear DAO should aim to embody the key principles that guide the Everclear vision and Collective:

• A Positive Sum Mindset: Everclear is a public good that aims to push the entire web3 space forward. When evaluating proposals, the DAO should prioritize initiatives that optimize for value creation over extraction and collaboration over unhealthy competition.

• Resiliency: Everclear is the foundational infrastructure for the future of the Internet. Trust minimization, decentralization, and security are the means by which the protocol can ensure that it continues to operate fairly and securely decades into the future.

• Data Orientation: Everclear is ultimately an experiment in decentralized coordination around a shared public good. Data is our most powerful tool to determine whether this experiment is succeeding and should be leveraged wherever possible by the DAO.

• Openness, Transparency & Integrity: Everclear is an open and accessible network that welcomes new ideas and perspectives and operates with a high degree of transparency and integrity throughout its process. The DAO should work to uphold and embody these values wherever possible.

Article 5: Amending this Constitution

The working constitution will remain in effect until changed, with a mandatory review one year after the DAO launch.

Any proposed amendments to the constitution require a two-thirds majority vote with a minimum of 6% token participation to be passed.

DISCLAIMER

This Constitution is solely for the purposes of aligning the mission and priorities of DAO members to expand and improve the Everclear protocol to empower builders to create applications that are universally accessible from any chain, using any token, while maintaining the highest possible security. This is not a legally binding agreement and is not intended to create a partnership or any legal entity or relationship amongst the members of the DAO. The DAO is made up of a diffuse, disparate, and decentralized group of tokenholders that will have different priorities and goals. And while this Constitution aims to align on certain fundamental aspects regarding the use of the protocol, ultimately, the constraints on the actions of the members of the DAO are solely those that are imposed technologically (or as otherwise required by law).

Additionally, this is not an offering or solicitation of an offer to become a member of the DAO, to purchase tokens, or to otherwise engage in an enterprise. The Everclear Foundation makes no representation or warranty, express or implied, as to the completeness or accuracy of the information herein or elsewhere presented related to the Everclear DAO or to the functionality or long-term direction of the DAO.