Partnership Law

DAO Liability After Lido: What the Court Actually Held and Why You Need a Legal Wrapper

In Samuels v. Lido DAO, a federal court let a general-partnership theory survive a motion to dismiss—holding only that the plaintiff plausibly alleged that active DAO participants could be partners, not that every token holder is automatically liable. Here is what the ruling actually held, who is exposed, and which legal wrappers protect personal assets.