1/ ETHcc takeaway #3: DAOs are growing up
If Q1 was all about NFTs, Q2 was all about DAOs - easily being the most used word on CT
DAOs have proliferated across defi protocols to nft collectors + beyond but have witnessed a ton of growing pains
If Q1 was all about NFTs, Q2 was all about DAOs - easily being the most used word on CT
DAOs have proliferated across defi protocols to nft collectors + beyond but have witnessed a ton of growing pains
https://twitter.com/0xJim/status/1416183583039844353?s=20
2/ First growing pain: getting voter active participation
some DAOs' progress grinded to a halt due to voter apathy - something that's endemic in any pure democracy (see: Ancient Greece, modern day Switzerland)
some DAOs' progress grinded to a halt due to voter apathy - something that's endemic in any pure democracy (see: Ancient Greece, modern day Switzerland)
https://twitter.com/0xJim/status/1403811963424096256?s=20
3/ token holders can't be bothered to stay educated and vote on every proposal that popped up on Discord
especially holders that only hold a small % of influence
it's akin to having every shareholder of a company vote on Board decisions. No - that's why we have delegation
especially holders that only hold a small % of influence
it's akin to having every shareholder of a company vote on Board decisions. No - that's why we have delegation
4/ growing pain #2: directionless amidst decentralization
everyone knows Kain's now famous blog post about the learnings he faced at Synthetix
tldr; inefficiencies arose when the governance of the protocol was left 'leaderless' w/o a clear vision
everyone knows Kain's now famous blog post about the learnings he faced at Synthetix
tldr; inefficiencies arose when the governance of the protocol was left 'leaderless' w/o a clear vision
https://twitter.com/kaiynne/status/1409300905883701250?s=20
5/ an excerpt from the blog:
"The root cause of this is that while I had previously been leading the Core Contributors now they were effectively leaderless...
[and] there is an absolute and critical necessity for the Core Contributors to have a leader"
"The root cause of this is that while I had previously been leading the Core Contributors now they were effectively leaderless...
[and] there is an absolute and critical necessity for the Core Contributors to have a leader"
6/ growing pain #3: decentralization for decentralization sake
now that I'm fully coordination-pilled, i can see that the purpose of a DAO is not to be decentralized but rather to coordinate people in a Web3-native way that champions openness + permissionless
now that I'm fully coordination-pilled, i can see that the purpose of a DAO is not to be decentralized but rather to coordinate people in a Web3-native way that champions openness + permissionless
7/ decentralization is not the end-all-be-all
in fact, decentralizing too quickly can lead to misaligned communities, voter apathy + inability to move quickly. no egs given bc id rather not call out ppl
@jessewldn wrote a gr8 piece on this 18 months ago
variant.fund/progressive-deβ¦
in fact, decentralizing too quickly can lead to misaligned communities, voter apathy + inability to move quickly. no egs given bc id rather not call out ppl
@jessewldn wrote a gr8 piece on this 18 months ago
variant.fund/progressive-deβ¦
8/ ok so that's the bad. how do we grow from this?
@JimmyRagosa had an insanely good talk at ethcc outlining these growing pains
and advocates to mirror existing institutions for best practices - in his case, the separation of powers / 3 branches of current governments
@JimmyRagosa had an insanely good talk at ethcc outlining these growing pains
and advocates to mirror existing institutions for best practices - in his case, the separation of powers / 3 branches of current governments
9/ obvious-in-hindsight & insightful-in-the-now breakthrough: have an executive branch for the DAO
actual leadership that will carry on day2day ops quickly and unilaterally
right now, that's the core dev team or the Core Contributors in Synthetix's case
actual leadership that will carry on day2day ops quickly and unilaterally
right now, that's the core dev team or the Core Contributors in Synthetix's case
https://twitter.com/verbine/status/1315959119388512257?s=20
10/ the legislative branch is the DAO that we know and love. community members that draft 'legislation' (in our case, gov proposals), deliberate, and vote on them
then they're passed to the executive team for execution. this already happens today
then they're passed to the executive team for execution. this already happens today
11/ actual gamechanger is the judiciary branch that holds the other branches accountable
"are we still executing against the vision that we set as a DAO?"
for Jimmy, this is @Kleros_io ofc
"are we still executing against the vision that we set as a DAO?"
for Jimmy, this is @Kleros_io ofc
12/ another way that DAOs are growing up is the sheer amount of tooling to not only set up a DAO but continue running its operations smoothly + onboard new members
here's a thread of frens sharing awesome resources on how to get started with a DAO
here's a thread of frens sharing awesome resources on how to get started with a DAO
https://twitter.com/0xJim/status/1420101333424685066?s=20
13/
@viamirror for comms/fundraise
@coordinape to get started
@SnapshotLabs to vote
@gnosisSafe for $
@llamacommunity_
@parcelHQ
@poapxyz for attestation
@mintgate_io
@SyndicateDAO
@AragonProject
it's the wild west in terms of DAO tools - so many to choose from
@viamirror for comms/fundraise
@coordinape to get started
@SnapshotLabs to vote
@gnosisSafe for $
@llamacommunity_
@parcelHQ
@poapxyz for attestation
@mintgate_io
@SyndicateDAO
@AragonProject
it's the wild west in terms of DAO tools - so many to choose from
14/ but there's still so much to do
information overload is a REAL thing for DAO members (myself included)
getting scribes or even content creators to synthesize high-pri information is crucial
information overload is a REAL thing for DAO members (myself included)
getting scribes or even content creators to synthesize high-pri information is crucial
https://twitter.com/thattallguy/status/1412081264102834178?s=20
15/ Discord is a rat's nest of notifications and DAOs' Notions/docs pages aren't that much better
Knowledge tools will be important to disseminate learnings and onboard new members in a non-human-involved way
Knowledge tools will be important to disseminate learnings and onboard new members in a non-human-involved way
https://twitter.com/Jierlich/status/1419991194415861768?s=20
16/ DAOs have a volunteers wanting to help but simply don't have enough 'managers' to coordinate folks
managerial hiring will be a huge need for DAOs. until then, structured programs like bounties will help funnel good talent to doing productive things
managerial hiring will be a huge need for DAOs. until then, structured programs like bounties will help funnel good talent to doing productive things
https://twitter.com/ddwchen/status/1416095483701862400?s=20
17/ fuck i did not mean to write 17 tweets worth of content lmao.
DAOs are the most ambitious experiment in coordination yet in crypto. now's the time to build
watch @JimmyRagosa's amazing talk here:
DAOs are the most ambitious experiment in coordination yet in crypto. now's the time to build
watch @JimmyRagosa's amazing talk here:
β’ β’ β’
Missing some Tweet in this thread? You can try to
force a refresh
γ
