Questions for Regenesis Labs and the DAO Council — Transparency, Accountability, and Legal Structure

Question 2 a & b

Is Regenesis Labs building Decentraland toward self-sustaining community ownership by 2030, or are they building a product that needs Regenesis Labs to keep running it indefinitely?

And

SyLS was retained by Regenesis Labs to structure their Cayman Foundation. That legal structure forms a corporate veil protecting Regenesis Labs’ leadership, specifically Executive Director Gino Cingolani, Director of Engineering @GonzaloPombo, operations lead @JuanCasinelli, and the core development team, from personal liability. But who is providing independent legal representation for the DAO’s interests in that relationship? The DAO has no legal entity of its own. The Foundation is a separate organization. That means token holders, the people who voted to approve every proposal that funded Regenesis Labs, have no formal legal standing, no representation, and no enforceable mechanism to compel the return of funds if the Council declines to act. The Cayman Foundation protects Gino, Gonzalo, Juan, and their team. What protects the community? Has the community ever been formally informed that by participating in this governance structure they face personal legal exposure, as established in CFTC v. Ooki DAO, without any corresponding legal rights or representation?

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