Jim Profile picture
Sep 30, 2021 11 tweets 5 min read Read on X
1/ MCon+Mainnet takeaway #2: The whole DAO contributor funnel needs work:

- Discovery: no Glassdoor of DAOs for beginners 2 browse
- Onboarding: Discords lack process for ppl 2 gain context
- Contribution: DAOs disproportionately benefits self-starters who create their own scope
2/ The most common question I get is 'what DAO should I join'

Usually the best answer I can give is 2-3 ones that I really like, but no one exhaustively knows all the DAOs

Would be great for there to be a Glassdoor for DAOs w/ verified member reviews

3/ Here are some great lists to get a sense of what DAOs are out there, but it's definitely not exhaustive

Until we solve discoverability, we're going to continually have a top-of-funnel awareness issue for DAOs

4/ Onboarding is also insanely hectic

Many DAOs don't have clear organization of their documents so knowledge transfer and context building is fragmented and ramp-up is so and painful

5/ If we don't address onboarding, we're going to have a leaky funnel where people join Discords but get confused and dissuaded from participating

DAOs need to hire project managers and operations leads that can really spearhead documentation + onboarding
6/ Best practice is an onboarding process like @indexcoop that documents everything on their docs site + has a hands-on cohort-based onboarding process

Read more about it from @kermankohli's post: defiweekly.substack.com/p/understandin…
7/ But that process isn't fit for every DAO -- it's a labor-intensive process w/ a cadence of meetings and manual review of completion of assignments

Bare minimum is a clear docs site (like @banklessDAO's notion) & a task sheet for minimum viable participation from newcomers
8/ IMO the biggest problem is turning DAO 'members' into active contributors

The fluid nature of DAOs makes it hard to retain consistent talent that drive a disproportionate amount of impact at the DAO

@decryptmedia sums up the issue perfectly:
9/ The talent gap is preventing many DAOs from rapidly growing and achieving their full potential

1% of DAO members constitute 90% of the work being done

And these members are simply too busy to hire & retain more people

10/ Even when you have a consistent team of contributors, paying them fairly has been an issue

@coordinape and @layer3xyz will help

But most notably is the Sushi team only holding 1% of all SUSHI

We must protect and reward the builders that give us so many value

/thread
11/ Sorry - bonus tweet! DAOs also so chaotic that they mainly only reward self-starters who can jump into ambiguity and create their own scope

That's obviously not the majority of ppl in the world, so that adds to the talent gap that we see in DAOs

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More from @0xJim

Apr 12, 2023
1/ It turns out your whole world can change in 3 months.

I’m revisiting my bridging piece.

Bridges are more important than ever bc they encompass all facets of crypto.

In a modular paradigm, *everything* is a bridge because everything is "cross-chain".
2/ TLDR; I'll talk about:
- How bridging changes in a modular world
- Soft confirmations and why we need them
- Each use case of modular bridging
- Shared security and MMAs

Read full thots here: 0xjim.medium.com/revisiting-bri…
3/ Bridging in a modular world adds complexity to cross-chain transactions.

Monolithic blockchains have homogenous state, making verification of state transition simple, but modular blockchains require verification of 3-4 separate components.
Read 20 tweets
Mar 24, 2023
1/ Hitchhiker’s Guide to Rollups-as-a-Service

The future is millions of configurable chains, but 99% of modular chain teams want the infrastructure overhead to be abstracted.

Enter RaaS.

I documented 27(ish) projects working to provide RaaS to developers:
2/ I categorize RaaS projects into 6 buckets:
The OGs
Alt L1s
ETH Maxis
Cosmonauts
Celestians
and “Other” (to be exhaustive)

Read here for the full report: 0xjim.medium.com/hitchhikers-gu…
3/ *The OGs*

Both Cosmos SDK and Substrate SDK have been around for years, allowing devs to create their own sovereign chains

Or, in the case of Substrate, to connect to the shared security of Polkadot Relay Chain by being a parachain.
Read 25 tweets
Mar 6, 2023
1/ My biggest takeaway from ETH Denver: modularity 🤝 interoperability protocols

Turns out interoperability also wasn’t immune to modularisation.

Modular interoperability protocols are the key to solving the cross-chain problem
2/ If you caught my talks at ETH Denver last week, this is a rehash of the topics I covered—albeit a bit more in depth.

If not, you can read the full article here: 0xjim.medium.com/3b4964bebda2
3/ Why modularise?

We modularise in order to overcome the inherit tradeoffs and limitations of a monolithic stack. Having separate optimised, modular parts will make a better system in composite.
Read 14 tweets
Jan 11, 2023
1/ Over the past 2 months, I fell in love with the interoperability problem. I spoke to nearly every project in the space, and decided to summarize my 200+ hours of research into an article.

Here’s what I learned.
2/ The golden standard is on-chain verification. Every other solution is a trade-off of having verification off-chain (more extensible) and providing security guarantees in order to ensure accurate validation

Read more on the article: jim.mirror.xyz/a9PxnNed9o8DSp…
3/ To date, IBC is the only on-chain verification solution at scale.

But this can't be extended to other environments with different signature schemes and larger validator sets (e.g., Ethereum PoS)
Read 11 tweets
Sep 29, 2021
1/ I get this question a LOT, so I’m making a mega-thread on how to contribute to DAOs

3 easy steps
1⃣ Discover the right DAO for you
2⃣ Onboard as quickly & seamlessly as possible
3⃣ Find your niche + value-add and begin contributing Image
2/ 1⃣Discover the right DAO for you

Saying you want to join a DAO is like saying you want to join a company or a club

You’ll need to think more specifically about what kind of DAO you want to join:
- DeFi protocol
- NFT collection
- Public goods

h/t @Cooopahtroopa for the pic Image
3/ Also helpful to think about what you want to get out of joining a DAO

Is it to just see what all the buzz is about?
Is it to find a community?
Is it to be more deeply involved in building in crypto?
Is it a jumping off point to working full time in crypto?
Read 13 tweets
Sep 9, 2021
1/ Pretty disappointed at defi innovation right now

Maybe that's why CT has been so encapsulated with NFTs - it's where the new ideas are

We need to stop copy pasta'ing the same degen playbook and reinvent new primitives that people will actually use after LM rewards dry up
2/ Here's some shit that I want to see:
- Composable primitives that aren’t possible in tradfi
- Structured products with real-world use
- Reputation-based primitives

Here's shit I don't want to see:
- leveraged pools
- same primitive, different L1
- ponzinomics yield farming
3/ Innovation means reimagining financial products from first principles, leveraging what blockchain can do that is impossible in tradfi

@AlchemixFi combined yield on Yearn w/ upfront loans
@RariCapital created isolated lending pools
@OlympusDAO created protocol-owned liquidity
Read 9 tweets

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