[1]
DAO tooling idea: a thread.
Preface: The greatest obstacle to successful DAO implementations is tooling and DAO treasury yield generation. If there is a value differential (perceived or real) between contribution and value ownership, participation and passion will decline.
DAO tooling idea: a thread.
Preface: The greatest obstacle to successful DAO implementations is tooling and DAO treasury yield generation. If there is a value differential (perceived or real) between contribution and value ownership, participation and passion will decline.
[2]
There are two ways value can be added to a DAO.
1. Work provided.
2. Monetary contribution (Investors and tokenization).
The major issue is how to safely integrate them while still maintaining security and perpetuity of the treasury.
There are two ways value can be added to a DAO.
1. Work provided.
2. Monetary contribution (Investors and tokenization).
The major issue is how to safely integrate them while still maintaining security and perpetuity of the treasury.
[3]
Hear me out...What if we had a DAO tool that had @gnosisSafe integrated with MultiMask wallet to generate yield using staking or defi that required the transactions to be approved through the gnosis multisig.
Hear me out...What if we had a DAO tool that had @gnosisSafe integrated with MultiMask wallet to generate yield using staking or defi that required the transactions to be approved through the gnosis multisig.
[4]
Now let's take this a step further and add pre-configured smart contracts for the tokenization of the DAO. There could be several smart contracts to choose from each with a different tokenomics scheme to better fit with a specific type of DAO. But wait there's more...
Now let's take this a step further and add pre-configured smart contracts for the tokenization of the DAO. There could be several smart contracts to choose from each with a different tokenomics scheme to better fit with a specific type of DAO. But wait there's more...
[5]
Let's add a @github type repository with a voting snapshot. Contributors publicly submit work and it gets voted on by the DAO whether or not the contribution is included. The voting snapshot allows the DAO members to assign a value to the work.
Let's add a @github type repository with a voting snapshot. Contributors publicly submit work and it gets voted on by the DAO whether or not the contribution is included. The voting snapshot allows the DAO members to assign a value to the work.
[6]
If the contribution meets quorum and passes the avg value assigned is sent to the multisig as a transactions to award the contributor tokens. This can work for timesheets as well.
If the contribution meets quorum and passes the avg value assigned is sent to the multisig as a transactions to award the contributor tokens. This can work for timesheets as well.
[7]
What about people who believe strongly in the DAO and want to contribute via investment? They earn a portion of the yield generated through staking or defi investment of the treasury in the form of DAO tokens. These tokens also works as governance tokens for voting.
What about people who believe strongly in the DAO and want to contribute via investment? They earn a portion of the yield generated through staking or defi investment of the treasury in the form of DAO tokens. These tokens also works as governance tokens for voting.
[8]
The final piece to this puzzle is the option for a vesting schedule in the smart contracts to protect the value of the governance token. Note optional.
The final piece to this puzzle is the option for a vesting schedule in the smart contracts to protect the value of the governance token. Note optional.
[9]
The first DAO tooling developer to combine all of these aspects into one UI and make it multichain via RPC switching in the Metamask integration wins the DAO tooling race. I'm not a coder, but this is my idea. If you are, please take my idea and build something amazing.
The first DAO tooling developer to combine all of these aspects into one UI and make it multichain via RPC switching in the Metamask integration wins the DAO tooling race. I'm not a coder, but this is my idea. If you are, please take my idea and build something amazing.
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