/1
Today's event with Wonderland emphasizes the importance of transparency and proper reporting standards for DAO treasuries and DAOs in general.
We are actively working on this together with @OlympusDAO and @SquidDAO to set up a new Industry Standard for DAO Transparency.
Today's event with Wonderland emphasizes the importance of transparency and proper reporting standards for DAO treasuries and DAOs in general.
We are actively working on this together with @OlympusDAO and @SquidDAO to set up a new Industry Standard for DAO Transparency.
https://twitter.com/quasicypher1/status/1486737670088896517
/2
Many DAOs are currently sitting on hundreds of millions of dollars (see our research report), but the owners of the multi-sig wallets, wallet addresses as well as DAO allocation strategies are often unknown or not very well reported.
Many DAOs are currently sitting on hundreds of millions of dollars (see our research report), but the owners of the multi-sig wallets, wallet addresses as well as DAO allocation strategies are often unknown or not very well reported.
https://twitter.com/multifarm_fi/status/1486673438437691393?s=20&t=J_x0x5zW9Dwjf8okm5JTHQ
/3
Such as in Traditional Finance, companies and funds have to report to their investors on how they are spending their funds. Every large company has a section for investor relations on their website:
ir.tesla.com/#tab-quarterly…
Such as in Traditional Finance, companies and funds have to report to their investors on how they are spending their funds. Every large company has a section for investor relations on their website:
ir.tesla.com/#tab-quarterly…
/4
We propose that every public DAO agrees at least to a minimum of reporting standards to increase the transparency on behalf of their investors.
Public Information on:
-All funds in the wallets
-On allocation strategies
-Income streams
-Transactions
-Verifiable On-Chain
We propose that every public DAO agrees at least to a minimum of reporting standards to increase the transparency on behalf of their investors.
Public Information on:
-All funds in the wallets
-On allocation strategies
-Income streams
-Transactions
-Verifiable On-Chain
/5
We are building together with Olympus DAO and Squid DAO, a Treasury Transparency Dashboards which will be displayed on their websites, so investors get a big picture of the activities of the DAOs as well as can see how they are deploying their capital.
We are building together with Olympus DAO and Squid DAO, a Treasury Transparency Dashboards which will be displayed on their websites, so investors get a big picture of the activities of the DAOs as well as can see how they are deploying their capital.
/6
We hope that we, as a DeFi community can come together and set up a standard for a new open and inclusive financial system and don’t make the same mistakes that we have seen in 2008 in TradFi (and other times) due to a lack of trust, transparency and because of bad ethics.
We hope that we, as a DeFi community can come together and set up a standard for a new open and inclusive financial system and don’t make the same mistakes that we have seen in 2008 in TradFi (and other times) due to a lack of trust, transparency and because of bad ethics.
/7
Our dms are open and we are happy to talk to any (upcoming) DAOs who want to increase their transparency in front of their investors and community and work together towards a more open financial system.
Our dms are open and we are happy to talk to any (upcoming) DAOs who want to increase their transparency in front of their investors and community and work together towards a more open financial system.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
