DAOs

Every staking pool is governed by a DAO, and other than adhering to the rules/laws of the Kingsilver Republic, each DAO is free to govern itself however it wishes.

Each DAO, then, is a 'Free Private City'.

A staking pool can be created with a new DAO, or under the control of an existing DAO. A DAO can also own shares in other DAOs. A DAO can therefore own an unlimited number of staking pools, or an unlimited number of DAOs that themselves govern staking pools.

DAO ownership and voting rights are tokenised in DAO Shares, which every DAO mints upon creation. When dividends are paid out (which is voted on), DAO owners receive the dividends according to their share.

When someone stakes ASLN on a staking pool and capital from the Unmanaged Reserve is assigned to the