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Administration Fund

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How are the contributions managed?

Once the aggregate pool (multisig contract) is open to receive capital, whitelisted Members will have a set period of time to deposit USDC into the pool.

  1. For every 1 USDC deposited, members will mint 1 warrant token which represents a share of ownership in the pool, the underlying assets backing the pool, and a claim on future dividends and investment proceeds.

  2. Once the initial deposit period is over, Members will participate in a series of investment committee rounds to deploy the fund's capital in early-stage projects built on Story.

  3. The keys to UIG's multisig contract will be initially managed by the UIG team. After UIG's launch, a voting process will take place to add 3 additional council members (key holders) who will be responsible for handling the keys to the multisig contract.

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How do you transfer funds into UIG?

Using the Story wallet, Members can contribute to UIG by depositing USDC after they have been approved.

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