Commonly asked questions about Lore.
Your funds are stored in a Gnosis SAFE multi-signature wallet. Neither Lore nor Gnosis are custodians of your funds. All smart contracts and systems that support the Collectives ecosystems were thoroughly audited by third parties.
2.) Open a funding round
3.) Each member sends an ETH contribution in proportion to their equity
- 1.at least one closed funding round
- 2.collective contributions over 0.1 ETH (excluding NFTs)
- 3.at least 3 unique contributors
- 4.Vault created before 2023
The team is working on a solution for it to be more inclusive to others. We had some members gaming the system!
We do not have a feature to remove a compromised wallet and transfer equity to a new one. However, our team is actively developing a solution that will allow this process to be completed more seamlessly and securely.
We understand the importance of being able to manage your assets quickly and efficiently, especially in cases where security has been compromised. We appreciate your patience and understanding as we continue improving and enhancing our platform to serve our users' needs better.
To contribute to the vault without changing equity, send your assets outside of a funding round.
This will reflect no change in the equity.
Distributing dividends means sharing a portion of a vault's profits with its members. When a vault earns profits, it can choose to reinvest the profits back into the vault or distribute them as dividends to its members.
Distributing dividends does not affect equity because equity represents the ownership of the vault, and it is not changed by the distribution of dividends. The value of equity remains the same, but the members receive a portion of the profits as a return on their investment. In other words, distributing dividends is a way for a vault to share its success with its members without altering the ownership structure of the vault.
Currently, equity-based voting is not supported on our platform, but our team is actively exploring the possibility of adding this feature in the future. We understand the importance of equity-based voting for some vaults, and we are working to ensure that our platform can support a wide range of governance models.
We appreciate your patience and understanding as we continue to improve and enhance our platform to better serve the needs of our users. Please stay tuned for updates on this feature and feel free to contact us if you have any questions or suggestions.
There's a good blog post here on how to implement it to work with Gnosis (and Lore, since we use the same implementation):https://gallery.mirror.xyz/GzHNX1UvpNmBDQjQ0pQnE_wsdxoS0_yWocRGOssH4Xw