Summary

This is a proposal submitted on behalf of Ston Foundation by its authorized representative. This proposal formalizes how the Ston Foundation (including its partners and (or) subsidiaries, the “Foundation”), as authorized by the STON.fi DAO (the “DAO”), acts on behalf of the DAO for the purposes of implementing community-approved decisions.

The STON.fi DAO Governance Rules define the DAO as a decentralized governance forum and recognize the Foundation as the entity responsible for execution of DAO-approved actions. However, the Foundation currently lacks an explicit governance mandate establishing its authority to receive DAO-assigned responsibilities, manage assets, and represent the DAO in operational processes. This proposal establishes such a mandate.

Motivation

Since it is not a legal entity and does not possess legal capacity under any jurisdiction, the DAO cannot execute transactions, sign contracts, manage assets, or interact with external entities. According to DAO Governance Rules (Section 1.1), only the Foundation can legally perform these actions.

However, the Foundation needs a formally approved governance mandate to:

• receive assets (including treasury funds or protocol-owned tokens),
• carry out DAO-approved treasury operations,
• manage budgets and fund allocations,
• enter into agreements with contributors,
• execute protocol changes or parameter updates when approved by DAO,
• represent the DAO in third-party interactions,
• ensure regulatory compliance.

Without an explicit delegation of authority from the DAO, the Foundation cannot fully execute its responsibilities. This proposal aims to provide the Foundation with the clear, DAO-approved mandate required for operational effectiveness, compliance, and transparency.

Details

1. Recognition of the Foundation as the DAO’s execution arm:

The DAO formally acknowledges the Foundation as the authorized entity responsible for implementing DAO decisions in accordance with Governance Rules.

2. Delegation of execution rights:

The DAO delegates to the Foundation the authority to:

• execute treasury transactions approved by DAO;
• receive and hold DAO-allocated tokens, including but not limited to operational budgets, treasury funds, and protocol reserves;
• engage independent contributors, contractors, and service providers;
• manage operational processes required to implement DAO decisions;
• conduct administrative tasks such as multisig operations, fund transfers, and deployment of technical updates;
• coordinate internal and external communications related to the execution of DAO-approved proposals.

3. Authority to represent the DAO

The Foundation is authorized to act as the DAO’s representative when interacting with (a) legal, technical, or compliance counterparties; (b) contractors and service providers; (c) protocol-adjacent infrastructure and ecosystem partners.

4. Authority to receive treasury assets

The DAO authorizes transfer of DAO-allocated token balances (STON, GEMSTON, TON, USDT, or other tokens) from protocol or DAO treasury contracts to wallets controlled by the Foundation, subject to the DAO approval in a dedicated proposal. This proposal does not itself transfer any funds since it only establishes the legal and operational framework for such transfers.

Impact

Benefits

• Establishes the Foundation as a legitimate operational entity of the DAO;
• Enables transfers of treasury assets to the Foundation wallets for execution;
• Aligns governance framework with on-chain and off-chain execution realities;
• Prepares the DAO for future expansions, grants, partnerships, and budgets.