Growing DAOs

Overview of what DAOs are - Decentralized Autonomous Organizations or better yet - "Facebook group with a bank account".

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Growing DAOs

Overview of what DAOs are - Decentralized Autonomous Organizations or better yet - Facebook group with a bank account.

cryptocurrency, crypto, DAO, organisations, programming, management, DeFi

NEAR

Growing DAOs

Illia Polosukhin

@ilblackdragon

Grew up in Ukraine which lacks transparency in government and companies

NEAR’s mission: a world where all people have control of their assets, data and power of governance.

NEAR

Worked at Google, successful meritocracy but the opposite of open

My background

What are DAOs?

Decentralized Autonomous Organization

“Digital Collective”

“Facebook group with a bank account”

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Communities having power to govern own operations and other applications.

Replacing conventional company structure with creating direct incentives and giving freedom.

NEAR

Investment and funding of “public good” initiatives.

Why DAOs?

Why DAOs?

Communities having power to govern own operations and other applications.

Replacing conventional company structure with creating direct incentives and giving freedom.

NEAR

Investment and funding of “public good” initiatives.

Learnings

Leadership is paramount

Governance doesn’t scale

Fragmentation is inevitable and desired

Communities with clear goals

Direct oligopoly doesn’t work. Real meritocracy is hard to achieve.

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Learnings: Coordination

“Whip” is the most important role in large non hierarchical orgs

The more specific the mission of organization - the more dedicated team is required

DAOs/Tech allow to codify some processes, social protocols fill in where code can’t: Code of Conduct, Bylaws and Constitutions.

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Learnings: Ownership & Goals

Founders have vision and take ownership

Turning vision into clear goals is an art

As DAO grows, work shifts from vision casting to “policing”

It’s important that next wave of members have enough ownership

Ownership can take different forms: identity, tokens, etc

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Learnings: Signaling

Gather opinion from the community

Splitting the “execution” from voting

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Growth stages

Starts with small group: efficient communication, no clear social protocols, initial culture is set.

New members are invited. Roles are needed to onboard new people to build their reputation in the community.

Formalize incentives (intrinsic or extrinsic) and rules for the group.

Growth and evolution of community beyond what initial members could imagine

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Roles in a DAO

Whip / Executive

Council

Member of Community

Can also have various extras like “OGs”, “Financiers”,

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Interaction between communities

Fork of

Member of

Work for / collaborate

Funded by

Compete with

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Putting it all together: SputnikDAO

Ecosystem of projects

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Interact with DAOs everywhere

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https://twitter.com/zavodil_ru/status/1440666019161247747

Create inside a telegram group

By posting on the governance forum

Via the social network

From another smart contract

DAO as an account: can be a member of another DAO or participate in any other on-chain activity

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Multitude of roles with flexible permissions: whips, councils, community signaling and more

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Easy to issue community token or adopt existing token

Modular connector for weighted voting:

Adopt existing token

Adopt token balances on another chain via Rainbow Bridge

Any kind of weighting function like quadratic voting

Adopt NFT as a vote

Issue new token directly from the DAO together with the community, making Token Generation Event a decentralized effort from day 1.

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Govern via proposals: from payment to upgrading another contract

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Signaling via polls: collect feedback from stakeholders or have an open vote

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Get work done via bounties: payout for doing some work DAO needs

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Integrate with streaming payments: pay salaries to members, streaming investment or to other DAOs for contract work

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https://roke.to

NEAR’s Ecosystem Treasury

Goal to fund other DAOs in the ecosystem

Grants DAO, Marketing DAO, Guild Sandbox, and more

Up to 200M $NEAR

Governed by small elected members from quadratic stake voting

Chair serves as a whip and executive to facilitate decisions

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Learn more: https://gov.near.org/t/near-ecosystem-treasury-dao/2946

Open Questions

Standard for different DAOs platforms to interact

UIs for custom interactions

Communication medium alignment: IM, forums, FB and on-chain

Template roles structures

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Questions?

Join 100+ DAOs

paid out $1m+ in the past 30 days

https://app.astrodao.com

Get your DAO funded up to $10k

https://daocubator.org

Growing DAOs
Info
Tags Cryptocurrency, Crypto, DAO, Organisations, Programming, Management, DeFi
Type Google Slide
Published 11/05/2022, 09:45:18

Resources

Open Source DAO Market Research
Polynetwork and Hacker Communicate
Forming a DAO in an Evolving Web2/Web3 World
The Web3 Beginners Guide