As a 501c6 organization, LexDAO serves as a hub for advanced legal engineering discussions and a catalyst for Web3 development. Our Grants Committee, established in 2023, has successfully secured over $200K in community funding, supporting numerous innovative projects in the Web3 space. As part of our operating structure, LexDAO is almost entirely funded by membership donations and by grants. 

Back in 2023, three of our members decided to create the first formal committee responsible for these activities DAO wide. It includes a system for administering grants in as well as grants out and chartered the first standing committee within our organization.

Our committee is structured as a 3 person team supported by a variety of authorized multisignature wallets that ensure grants administration is conducted by delegated authority. A three person team helps ensure we have flexibility in operations, specific measures of autonomy, and security against unilateral command and control. Collaboratively we work to both apply for funding as well as to help support projects related to open source law as a public good. This includes thought leadership, charitable causes, application development, research, and advocacy across the space. We are a chartered organization with limited-delegated authority that has distinct responsibilities within the DAO to help identify opportunities, allocate funding, and ensure fiduciary responsibility. We also provide mentoring and guidance when our members look to apply for grants either within our ecosystem or in other areas.

The Grant Committee was formed to assist in the day to day management of finding, winning, and allocating grant funding on behalf of LexDAO for the advancement of legal engineering, public goods, crypto-law advocacy, and the LexDAO Guild.

We help alleviate some of the administrative burden of our Operating Committee by helping manage incubator projects and priority initiatives within the DAO as well as the terms and milestones surrounding those projects.

In helping steward these projects, we also work with the DAO Membership, Operating Committee, and those seeking funding to ensure the money LexDAO obtains through grants is effectively and responsibly allocated across LexDAO for projects best suited to the advancement of the guild.
