GOVERNANCE & ROADMAP

Governance & Roadmap

Legal entity structure, the founder's role segregation, 5/9 multisig governance, the fee schedule and the 18-month roadmap.

01 — LEGAL ENTITIES

Legal Entities & Structure

Quantum Dream Foundation

BVI

Non-profit foundation, governed by charter.

Quantum Dream Capital Ltd.

CAYMAN

Investment management entity, licensed operations.

Smart Contract Layer

ARBITRUM / BASE

Subscription · dividend · reserve.

Segregation of the Founder's Role

Xue Manzi serves as Founder & Chief Brand Officer. He is neither the investment manager nor the fund manager. Investment decisions are made by the licensed team, and the founder's personal risk is legally separated from the fund.

Mainnet Arbitrum One — low gas, institutionally mature
Secondary network Base — user-friendly, Coinbase ecosystem
Cross-chain bridges: official LayerZero / CCIP only

02 — MULTISIG GOVERNANCE

5/9 Multisig Governance

Phase 1 uses 5/9 multisig governance for the first 12 months.

Founder representative (Xue Manzi): 1 seat
Investment management team: 3 seats
Independent directors (incl. a former compliance officer): 2 seats
Technical security representative: 1 seat
Holder representatives (elected): 2 seats

1
Month T+12
Issue the $DREAM governance token
2
Parameter votes
Holders vote on parameter changes
3
Strategy changes
Strategy mix adjusted by vote
4
Full DAO
The foundation retains an emergency veto

03 — FEE SCHEDULE

Fee Schedule

ITEM	TERMS
Management fee	1.5% annually, accrued daily
Performance fee	20% above 6%, high-water mark
Subscription fee	0%
Redemption fee	Tiered by holding period, 0 – 2%

The subscription fee is 0%; the redemption fee tapers to 0 by holding period and is injected 100% into the Dream Reserve, shared by all holders.

04 — ROADMAP

Roadmap

An 18-month path

Phase 0NOW

Preparation

Entity setup · contract development · live strategy validation

Phase 12026 Q2

Audit & Closed Beta

Dual audit · custody integration · 5M USDC seed round

Phase 22026 Q3

Public Launch

Targeting an initial AUM of 20M USDC

Phase 32026 Q4

Expansion

Content rollout · AUM of 50M

Phase 42027 Q1

Second Issuance

The Stable fund goes live, expanding the capital base

Phase 52027 Q2

Governance Token

$DREAM issuance · the path to a DAO begins

Phase 62027 Q4

Dream Festival

Full DAO governance · annual holder assembly

The initial AUM is hard-capped at 30M USDC. Beyond this scale, the capacity of higher-yield strategies decays, which would degrade the holder experience.