Asset Management
Last updated
Last updated
While Hive Capitals asset management and investment decisions will be managed on-chain, most of these decisions will be coordinated through a social consensus first by using "off-chain" communication methods such as group chats, and video/in person meetings. This will help members develop and evaluate ideas before coming to a formal proposal submitted to a vote of the members. The DAO members are expected to be active in remaining fully informed about the DAO's developments and progress.
Hive Capital manages all assets through on-chain smart contracts to be completely autonomous. The smart contract uses oracles to connect and control the off-chain bank and brokerage accounts. There is no need to rely on any individual person to execute the movement of the DAOs funds. It is all done through the on-chain code.
Hive Capital Treasury: The DAO smart contract that holds the DAOs crypto assets. These will be crypto native assets from any blockchain.
DAO LLC Bank Account: This holds the DAOs usd balance. This is necessary to fund the DAO's brokerage account with funds to purchase investments.
DAO LLC Brokerage Account: This account is used to buy/sell shares of publicly traded companies on the stock market
The HIVE token: The HIVE token is managed by the smart contract of the DAO. It controls all minting and burning.
The funds are moved automatically from place to place after the DAO comes to a consensus on a proposal to do so. This is done through oracles and an api connection into all the different accounts.
