Thread by @guds_eth

An informative piece on @SyndicateDAO - Decentralized investing protocol 👇🧵

1. @Syndicate? It’s the ability to transform any wallet into a Web3 investment club - Literally, anyone can set up an investing DAO in < a minute by only paying for gas. Users can spin up a group of up to 99 participants, pool their capital & vote where to invest the funds

2. Aim - Syndicate is positioning itself at the center of the DAO infrastructure ecosystem. It is leading the way in building the right protocols, developer tools, user interfaces, and legal frameworks

3.🔑 1.1 - Investments - Invest in tokens, NFTs, start-ups, & real-world assets

Moreover, it can also record investments into off-chain assets (e.g., start-up equity, SAFEs, convertible notes) and attach off-chain memos, metadata, and links on the club’s dashboard

4. 🔑 1.2 – Investments - With investment memos & a wide variety of assets, Syndicate indeed is a powerful tool not just for on-chain token and NFT investing, but also off-chain angel and venture capital investing

5. 🔑 2.1 - On-chain portfolio - Real-time dashboard to manage investments (e.g., tokens, collectibles, start-ups) and club members

Simple & visual UI/UX design - Easy tracking of on-chain and off-chain investments

6. 🔑 2.2 - On-chain portfolio – These tools were designed in collaboration with numerous Web3 investors such as @IDEOVC , @ElectricCapital , @Delphi_Digital , @variantfund , @coinfund_io , and many other web3 investors

7. 🔑 3.1 - Legal infrastructure - Syndicate has teamed with @doolaHQ to enable investing DAOs to receive legal entities, open fiat bank accounts, submit state compliance filings, and issue K-1s tax forms easily and affordably ⚡️ #GameChanger

8. 🔑 3.2 - Legal infrastructure – Manually tracking DAO deposits, cap tables & members in a spreadsheet is tiring

Syndicate makes this easy – w its web3 app & without centralized servers, thus providing users with maximum privacy, security, and control

9. 🔑 3.3 - Legal infrastructure - @lathamwatkins , a leading global law 🧑‍⚖️ firm, advised on the creation of these standardized legal documents for Syndicate’s Web3 Investment Clubs

10. Metrics - Huge milestone - Syndicate’s protocol helped to craft 450 investment clubs in just 3 weeks in Feb’22. As of Feb, only 4,227 DAOs existed - Syndicate accounts for >10% of market share 🔥 - Based on @DeepDAO_io

11. Diversity - >50% of the DAOs launching investment clubs on Syndicate are either women-led or all women DAOs 🙆‍♀️, including @evewealthhq , @Globalcoinrsrch , Awesome People, The Council DAO, We3 DAO, Women in VC DAO, & more

12. Investments - @a16z is leading Syndicate’s Series A 💰 with top-notch investors @alexisohanian @coinbase @weekendfund @SnoopDogg