1/x DAOs' landscape & treasury management
An overview of DAO's landscape and treasury management. Will also touch on a few sector of DAOs and examples of it
An overview of DAO's landscape and treasury management. Will also touch on a few sector of DAOs and examples of it
2/x Introduction of DAOs
From the humble band of brothers (in a trio/triad) to tribes, to clan-associations and old guilds of the East and West, these groups benefit from having members who are diverse in their information sources, talents and experience.
From the humble band of brothers (in a trio/triad) to tribes, to clan-associations and old guilds of the East and West, these groups benefit from having members who are diverse in their information sources, talents and experience.
3/x What are DAOs?
Decentralised Autonomous Organizations, in the ideal sense, is a community-led cooperative with no central authority. It is fully transparent; proposals are to be decided via governance tokens, embedded into smart contracts, executing the consensus' decisions.
Decentralised Autonomous Organizations, in the ideal sense, is a community-led cooperative with no central authority. It is fully transparent; proposals are to be decided via governance tokens, embedded into smart contracts, executing the consensus' decisions.
4/x Growth of DAOs
Towards the end of '20, there have been over 2000 DAOs registered with Aragon, achieving close to 100% growth yoy from '19. With the '21 bull cycle, the no. of DAOs could easily increase by 3-4 folds, and DeepDAO is not accounting for those that are independent
Towards the end of '20, there have been over 2000 DAOs registered with Aragon, achieving close to 100% growth yoy from '19. With the '21 bull cycle, the no. of DAOs could easily increase by 3-4 folds, and DeepDAO is not accounting for those that are independent
5/x Sectors of DAOs
Sectors on functionality:
Operating Systems, Grants/Incentives, Protocols/Networks, Investments/Ventures, Service/Guilds, Social/Community, Collectors/Curators and Media
DAOs could be categorises by their asset mix and. More hybrids in the future.
Sectors on functionality:
Operating Systems, Grants/Incentives, Protocols/Networks, Investments/Ventures, Service/Guilds, Social/Community, Collectors/Curators and Media
DAOs could be categorises by their asset mix and. More hybrids in the future.
6/x DAOs and their treasuries
Since late June, the top 20 DAOs treasury, grew from $6B to nearly $14B worth of digital assets. Defi natives would be familiar with the top few Defi protocols such as Uniswap (3.7bn), Compound (875mn treasury), OlympusDAO and Lido.
Since late June, the top 20 DAOs treasury, grew from $6B to nearly $14B worth of digital assets. Defi natives would be familiar with the top few Defi protocols such as Uniswap (3.7bn), Compound (875mn treasury), OlympusDAO and Lido.
7/x Nature of DAO treasuries and balance sheets
- largely concentrated in volatile native tokens
- restrictions and vesting schedules on tokens + a need to minimise price impact & token dilution
- but there's both expected & unexpected DAO Opex and risks to account for
- largely concentrated in volatile native tokens
- restrictions and vesting schedules on tokens + a need to minimise price impact & token dilution
- but there's both expected & unexpected DAO Opex and risks to account for
8/x Recent emergent stance on governance tokens should be discounted as equity: authorised but unissued voting shares. Hence, the asset base of some DAOs are smaller than expected.
uncommoncore.co/a-new-mental-m…
uncommoncore.co/a-new-mental-m…
9/x Challenge for DAOs to seek for novel ways to mitigation token dilution & price impact while tokenizing these assets & equity through asset transformation (in DeFi) and token swaps with other DAOs and protocols. Surely, there's a need for such talents and tools to facilitate
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