Project Idea
Transition EVRO from Build Team to Management Team
Project Submitted By
Aphilos (aphilos.eth)
Summary
The EVRO protocol — a Euro-pegged CDP stablecoin on Gnosis Chain built by RaidGuild as a Liquity V2 fork — has completed its build phase. The team is now transitioning from the original build team to a dedicated management team, with a clear plan for governing the EVRO DAO going forward. In parallel, the team is actively exploring opportunities to create demand for the EVRO stablecoin through DeFi integrations on Gnosis Chain and through Gnosis Pay.
Why should we build this?
It creates ongoing revenue for RaidGuild. The EVRO DAO receives 25% of all EVRO borrowing fees. This RIP allocates 10% of that governance revenue to RaidGuild as a ring-fenced, perpetual dividend, as long as EVRO DAO considers the relationship to be mutually beneficial — separate from any other DAO expenditures. As TVL grows, so does RaidGuild's share.
It rewards contributors who took early risk. By voting on this RIP, RaidGuild acknowledges the expectation that the original EVRO build team will be significantly considered in how that 10% dividend is distributed internally, in recognition of their early contributions and financial risk. The EVRO DAO has no authority over how RaidGuild distributes this internally — that is RaidGuild's discretion.
It establishes a template for future protocol launches. This structure — where RaidGuild builds a protocol and retains a long-term revenue share — creates a replicable model for future Liquity V2 deployments on other chains. EVRO's success becomes the track record that unlocks those opportunities. Tae and RaidGuild's involvement in coordinating that larger strategy is key to making it happen.
It enables a Gnosis DAO partnership. A strategic investment proposal to Gnosis DAO is in progress. Active, accountable management is a prerequisite for that deal moving forward.
Anything else you'd like to add?
New Multisig: EVRO Management Team (2-of-4 Safe)
Signer | Handle | Role
Aphilos | aphilos.eth | Cleric (Operations & Management)
Brian | Alcibiades / 0xAl | Lead Strategist
ECWireless | ECWireless | Lead Developer
CupOjoseph | CupOjoseph | Adviser
Tae serves as RaidGuild Liaison (not a multisig signer) — representing RaidGuild's interests and coordinating cross-chain opportunities and future protocol deployments from RaidGuild's perspective.
Liquidity Commission Structure The EVRO DAO offers an open 0.5% commission on liquidity secured (e.g. $5M brought in → ~$25,000), paid as a dividend from governance fee revenue over time. Annual payouts are capped at 40% of DAO fee income, with the remainder rolling into subsequent years until settled in full.
Transition Steps:
[ ] Existing MIDAO entity transfers ownership to New EVRO Management Team
[ ] Existing multisig signers vote to transfer ownership to new multisig
[ ] New Safe multisig deployed with 2-of-4 threshold
[ ] Governance token voting power transferred to new multisig
[ ] New Telegram group(s) created as needed
[ ] RIP passed by RaidGuild
Out of scope for this RIP: cross-chain deployments, BizDev lead tooling, and Tae's expanded role in future chain deployments — all to be addressed in future proposals as opportunities develop.
Raid Party Skills Needed
- Ops / DAO Coordination
- Smart Contract (multisig execution)
- BizDev / Partnerships
Cost (in USD)
$0
Project Idea
Transition EVRO from Build Team to Management Team
Project Submitted By
Aphilos (aphilos.eth)
Summary
The EVRO protocol — a Euro-pegged CDP stablecoin on Gnosis Chain built by RaidGuild as a Liquity V2 fork — has completed its build phase. The team is now transitioning from the original build team to a dedicated management team, with a clear plan for governing the EVRO DAO going forward. In parallel, the team is actively exploring opportunities to create demand for the EVRO stablecoin through DeFi integrations on Gnosis Chain and through Gnosis Pay.
Why should we build this?
It creates ongoing revenue for RaidGuild. The EVRO DAO receives 25% of all EVRO borrowing fees. This RIP allocates 10% of that governance revenue to RaidGuild as a ring-fenced, perpetual dividend, as long as EVRO DAO considers the relationship to be mutually beneficial — separate from any other DAO expenditures. As TVL grows, so does RaidGuild's share.
It rewards contributors who took early risk. By voting on this RIP, RaidGuild acknowledges the expectation that the original EVRO build team will be significantly considered in how that 10% dividend is distributed internally, in recognition of their early contributions and financial risk. The EVRO DAO has no authority over how RaidGuild distributes this internally — that is RaidGuild's discretion.
It establishes a template for future protocol launches. This structure — where RaidGuild builds a protocol and retains a long-term revenue share — creates a replicable model for future Liquity V2 deployments on other chains. EVRO's success becomes the track record that unlocks those opportunities. Tae and RaidGuild's involvement in coordinating that larger strategy is key to making it happen.
It enables a Gnosis DAO partnership. A strategic investment proposal to Gnosis DAO is in progress. Active, accountable management is a prerequisite for that deal moving forward.
Anything else you'd like to add?
New Multisig: EVRO Management Team (2-of-4 Safe)
Signer | Handle | Role
Aphilos | aphilos.eth | Cleric (Operations & Management)
Brian | Alcibiades / 0xAl | Lead Strategist
ECWireless | ECWireless | Lead Developer
CupOjoseph | CupOjoseph | Adviser
Tae serves as RaidGuild Liaison (not a multisig signer) — representing RaidGuild's interests and coordinating cross-chain opportunities and future protocol deployments from RaidGuild's perspective.
Liquidity Commission Structure The EVRO DAO offers an open 0.5% commission on liquidity secured (e.g. $5M brought in → ~$25,000), paid as a dividend from governance fee revenue over time. Annual payouts are capped at 40% of DAO fee income, with the remainder rolling into subsequent years until settled in full.
Transition Steps:
[ ] Existing MIDAO entity transfers ownership to New EVRO Management Team
[ ] Existing multisig signers vote to transfer ownership to new multisig
[ ] New Safe multisig deployed with 2-of-4 threshold
[ ] Governance token voting power transferred to new multisig
[ ] New Telegram group(s) created as needed
[ ] RIP passed by RaidGuild
Out of scope for this RIP: cross-chain deployments, BizDev lead tooling, and Tae's expanded role in future chain deployments — all to be addressed in future proposals as opportunities develop.
Raid Party Skills Needed
Cost (in USD)
$0