A brief analysis of DAO ecology: tools and projects worthy of attention

This article provides a comprehensive introduction to the tools and projects in the DAO (Decentralized Autonomous Organization) ecosystem, and is intended to complement introductory articles such as Linda Xie's Beginner's Guide to DAOs. This article hopes to help contributors and participants better adapt to the various projects and related infrastructure that lead the development of capital, talent and community collaboration within the Ethereum ecosystem. A DAO is an entity that allows a group of dispersed participants to coordinate with each other according to a set of rules enforced on the blockchain to form an organization, or to achieve a certain goal, or to achieve a certain broad/specific mission. This set of rules is (in most cases) encoded into a smart contract with the help of a "governance framework". We discuss the “Governance Framework” in more detail below. “A decentralized organization is not a hierarchy of people who interact and control property based on a legal system. In a decentralized organization, parties interact according to protocols described in code and enforced on the blockchain.” ——VB Among them, many organizations do not necessarily rely on automated processes to run, but rely to a large extent on the subjective collaboration of a group of human participants. The degree of autonomy depends on the type of project and the governance framework it uses, as the personal characteristics and decision-making styles of stakeholders vary widely compared to more clearly defined traditional corporate governance processes. In this article, I'll use DAO and DO interchangeably. Regarding the basic concept of DAO, the Ethereum Foundation gave a detailed introduction. DAO will slowly (maybe not so slowly) play an important role in the development of cryptocurrency networks and product development, because more and more projects with tokens are beginning to use various methods to transform into community-driven, self-built, self-developed Yes, self-operated system. ——@OKDuncSafeDAO: The proposal to enable the transferability of Safe Token is about to start voting: on November 2, SafeDAO, the official community of the digital asset management platform Safe (formerly Gnosis Safe), stated that the proposal for enabling the transferability of Safe Token in SEP #2 has been approved by The first phase of community discussion turned to the upcoming second phase of Snapshot voting. Previously, the SEP #1 proposal Snapshot voting took 7 days. [2022/11/2 12:08:08] As human activities and values shift to the digital realm, collaboration among distributed communities and stakeholders becomes increasingly important. A DAO or DO provides a mechanism that can reduce external information, bargaining and execution transaction costs, and allow participants around the world to participate in certain activities around the same mission, thereby bridging the gap between market and corporate dynamics. These activities may appear to be as simple as raising funds or creating a website. However, the real meaning behind this is that capital and talents around the world can achieve large-scale collaboration almost instantly. This type of organizational structure is gaining in popularity. The most obvious example is that cryptographic protocols achieve progressive decentralization through novel token distribution mechanisms to distribute ownership and decision-making power. In return for user participation and contribution, the platform will link the success of users with the success of the platform in the form of equity rewards. These experiments with DAOs put governance (and sometimes management) in the hands of the community, rather than a centralized party. Last summer, the boom in the DeFi industry fueled this trend toward a “new economy of ownership in which users create, own, and operate networks.” —— "The Ownership Economy (The Ownership Economy)" OpenSea delisted the DAO Turtles project on the grounds of illegal financial activities: Jinse Finance reported that on October 11, the NFT trading market OpenSea has suspended the transaction of a DAO Turtles project, claiming that It violates the relevant rules for conducting financial activities. An employee of the company wrote that DAO Turtles violated its terms of service, including but not limited to creating, listing or buying securities, commodities, options, real estate or debt instruments\" or through a process including an initial coin offering. A series of methods to raise funds for enterprises or protocols. (theblock) [2021/10/11 20:20:55] In the new paradigm of DAO, protocols are only one category. In addition, considering the objectivity of protocol parameter adjustments, protocols is the most likely to automate decision-making. However, the smart community has discovered that these flexible frameworks and executable rules allow anyone to collaborate and work towards any common goal. This has spawned a large number of new DO types: From small membership organizations curating NFT art shows to investor entities pooling funds to invest in early-stage projects, their members can leverage economies of scale and attract talent and funding from around the globe to provide professional (and sometimes lucrative) services. All of these operate in a fully distributed and digital manner, and do not rely on a centralized coordinator (that is, a company in the traditional sense), thereby expanding the supply and scale of services. Of course, there are also risks. "To Note that these entities are just tools and cannot solve human's own problems. Tokens can introduce profit-seeking psychology into a certain group, thereby crowding out not-for-profit behavior. Every community has the potential to develop into a network of interests first, discarding all 'community' values, and ending up with only economic egoism. - Twitter by @dazucks. Stakeholders also need to recognize the importance of building a culture and ideology around these entities that create social incentives rather than financial incentives and turn these entities into extremely A powerful tool for social and human collaboration. Total War Three Kingdoms is about to start DAO governance: MDIS sub-ecological chain tour Total War Three Kingdoms will start DAO governance at 12 noon on April 14th. Users can pledge TWTK into the DAO pool and get TWTK- P certificate, the certificate mechanism will be the same as MDIS-P, the sooner you deposit to get more certificate tokens. The DAO pool rewards 100,000 TWTK, which will be distributed in 60 days. The first DAO pool dividend snapshot will be scheduled for April 16, 21 Beijing time :00. Total War Three Kingdoms TWTK will open TWTK-P pledge mining at 14:00 on April 14th, Beijing time. The output of card packs is 500 per day for 10 days. MDIS-P and TWTK will be opened after 10 days -P pledge to get advanced card packs. Total War Three Kingdoms is the second ecological application under MDIS, with an average daily active-zce number of more than 5,000 people. After Dong Zhuo entered Beijing, the second version of Guandu Battle will be held on April 16. The details were disclosed at the MDIS board meeting. [2021/4/14 20:17:17] We are in the early stages of change. Although the idea of DAO and governance mechanism has existed for a while, due to the mainstream DeFi protocol improving user In terms of engagement, such organizations are mushrooming. We will see large ecosystems split into smaller niches, segmented markets, and specialized DAOs or DOs that can provide valuable and convenient services to the cryptocurrency industry and beyond .DAOs have begun to develop different application scenarios. Small entities (such as curation DAO or association DAO) cleverly use existing community tools and channels (such as Discord) for coordination, and choose simpler and advanced frameworks (such as Moloch and Snapshot). Crowny completed the seed round of financing, Dao Maker, LD Capital, etc. participated in the investment: On April 9th, Crowny, a blockchain platform that connects users and brands, announced the completion of the seed round of financing. The investment amount has not yet been disclosed. The parties include Dao Maker, Rarestone Capital, AU21 Capital, LD Capital, Twin Apex Capital, White Palm Ventures, PNYX Ventures, Genblock Capital, and Savy Capital. Crowny encourages users to participate in the activities they are interested in through loyalty points, discounts, rewards, etc. Brands and projects, so as to find audiences for brands while protecting user privacy. According to the official website, Crowny will first be issued on Ethereum Tokens will be issued on the DAO Maker platform (Strong holder offering, SHO), and then the tokens will be migrated to Solana. Crowny CEO Quincy Dagelet is the co-founder of Stagemarkt, a large training company in the Netherlands. [2021/4/9 20:03:22] It needs to be emphasized that we have recently discovered that a network of relationships has been formed within the DAO, the most notable of which is that small communities are interacting with and contributing to large-scale high-quality DeFi projects and communities. Provide services. To understand these relationships across multiple governance frameworks and ecosystems, transparency and standardization of information, and the way we communicate with these entities, becomes increasingly important. To this end, let's take a look at several major categories of DAO and specific examples: Yam Finance announced the details of the DAO fund management solution DAO House: On March 4, Yam Finance officially released a document to announce the details of the DAO House. DAO House is a treasury management solution specially designed for DAOs. DAO House adopts the smart contract-based TokenSet product portfolio developed in cooperation with Set Protocol and supported by Set Protocol. Each DAO House's custom investment strategy is encoded into the TokenSets smart contract. Prior to the news on February 13, the Yam Finance community voted to approve the initial capital of 1 million US dollars for yamHOUSE. The "Yam DAO Set" project with SetProtocol was renamed "yamHOUSE" + "DAO House". [2021/3/4 18:13:33] The protocol grants voting rights to network decisions by distributing governance tokens to old and new users. These decisions include protocol parameter adjustments and smart contract upgrades. Due to the high complexity and technical nature of such decisions, some protocols have emerged within the governance community of a small group of educated representatives who lead other members in thought and action. Project DAOs are the closest in organizational form to traditional corporate structures. They are created around developing and launching products and services, sometimes with the help of token economic models and incentives. The resulting revenue goes into a treasury governed by token holders. Project DAOs sometimes hold governance tokens from other protocols and become powerful meta-governance decision makers in external governance processes. Stakeholders get a vote (sometimes less than one) by injecting funds into the DO to determine the DO's investment decisions. Token holders work together to create portfolios that align with their mission and investment goals. It is very likely that there will be aggressive investor DOs in the future, able to quickly coordinate to promote the market and agenda. Click here to read about The DAO in 2016. Creators can divide the NFT of their high-value works into several parts and distribute them to fans and supporters, allowing them to share the ownership of this NFT. New owners can co-create, promote, sell, and distribute the work, enabling collective ownership, identity, and experience. Mirror and RAC have done some interesting experiments in this regard. Curator DAOs are similar in structure to investor DAOs, but are currently more focused on asset and NFT art exhibitions. In the future, its members may contribute expertise, brands, and funds to curate everything (including people and projects), and share the appreciation brought by the curatorial portfolio, and even the fee income from curatorial services. Tokenized communities can organize around a person or common interest, and issue DO tokens to represent access to a social space (such as a Discord server or Telegram group). Members can enjoy the benefits of a closed network and privileges, and work together to advance plans and projects. These entities aim to provide high-quality contract services to clients through talent coordination. Freelancers and individual contributors can enjoy the publicity channel of the association DAO, get in touch with top talents of top projects, and flex their muscles in the entire ecosystem. Members can provide contributions in many forms, such as code, product, collaboration, education, contract or content. For more information, please read this article. For example, early development work on Boardroom was done with the help of dOrg. To enable these organizations to thrive, a vibrant ecosystem of tools has been born. These tools establish new governance and management mechanisms and reduce friction in interacting with governance processes. Due to the open nature of most frameworks, projects have undergone numerous iterations and adjustments to meet the needs of their communities. The following table lists some of the most commonly used tools for DAOs: Framework Governance frameworks are smart contracts that enable the rules of the decentralized governance process to be enforced on the blockchain. Its code specifies parameters regarding power distribution, process execution, and voting. Compound’s Governor Bravo contract is a good example. Controllers Some of these frameworks have controllers that allow users to interact directly with governance contracts through a user interface. Controllers are usually created by the team building the framework. They will provide data and interfaces to help developers pull and index information, as well as more comprehensive functions to help integrators better develop their DOs. Treasury Treasury and funding allocations need to be determined jointly by DO members. Funds can be held in multi-signature wallets (every transaction must be approved by at least a certain threshold of signers) or in other types of smart contracts (these treasuries are growing in size dramatically). There are many teams building contracts and tools for signers and members to seamlessly interact with locked funds or portfolio assets allocated and managed through governance mechanisms. Work People and contributions are at the core of the value DO creates internally and externally.

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