# Admiralty

​[AdmiralDAO](https://www.admiraldao.xyz/) is supported by Admiralty LLC, a non-profit member-managed LLC[ domiciled in the Marshall Islands](https://www.shipyardsoftware.org/post/shipyard-dao-marshall-islands?ref=blog.clipper.exchange). The DAO controls a multisig wallet with several signers.

## Principles&#x20;

AdmiralDAO is committed to achieving decentralization, acknowledging that its rollout is still a work in progress. Emphasizing technical security and operational efficiency, members can actively participate by submitting and voting on AdmiralDAO Proposals ("APs") and ensuring their implementation. AdmiralDAO serves as a DAO for builders, overseeing a diverse range of DeFi products customized for specific traders and communities.

**The guiding principles of AdmiralDAO are:**&#x20;

1. **Power to the do-ers**: Building a governance system where active contributors have a say.
2. **Decentralization**: Empowering token holders and community participants in decision-making.
3. **Transparency**: Communicating all governance processes, proposals, and voting outcomes openly to foster trust and accountability.
4. **Operational Efficiency**: Benefiting a competitive DeFi ecosystem with streamlined processes, clear guidelines, and secure mechanisms for timely decision-making.&#x20;