2/ What are the key innovations of DAOs?
“The infrastructure of DAOs make them fundamentally different from traditional orgs”
“DAOs are built on blockchains, use smart contracts, and are permissionless”
“The ability to harness community energy and turn that into action”
“The infrastructure of DAOs make them fundamentally different from traditional orgs”
“DAOs are built on blockchains, use smart contracts, and are permissionless”
“The ability to harness community energy and turn that into action”
3/ What are the key innovations of DAOs?
“The ability to harness community energy and turn that into action”
@frogmonkee
“Now there is a different type of organization built around a blockchain…not another [type] or legal structure…in an internet way”
@hal2001
“The ability to harness community energy and turn that into action”
@frogmonkee
“Now there is a different type of organization built around a blockchain…not another [type] or legal structure…in an internet way”
@hal2001
4/ What are the key innovations of DAOs?
“DAOs enable you to govern something without a legal entity”
@frogmonkee
“DAOs enable you to govern something without a legal entity”
@frogmonkee
5/ Points of friction in DAOs…
Everyone wants to design a governance system, but no one wants to use it to govern…low voter turnout on Snapshot…voter turnout is generally the larger holders
@owocki
Everyone wants to design a governance system, but no one wants to use it to govern…low voter turnout on Snapshot…voter turnout is generally the larger holders
@owocki
6/ Points of friction in DAOs…
Gitcoin implemented a delegated token structure called “Stewards” which has led to a 60% voter turnout rate for Gitcoin DAO
@owocki
Gitcoin implemented a delegated token structure called “Stewards” which has led to a 60% voter turnout rate for Gitcoin DAO
@owocki
7/ Points of friction in DAOs…
The most friction comes from reintroducing bureaucracy…we are in the business of scaling trust systems…DAOs enable this using blockchain…DAOs introduce a governed contract without an audience interested in voting
@JulzRoze
The most friction comes from reintroducing bureaucracy…we are in the business of scaling trust systems…DAOs enable this using blockchain…DAOs introduce a governed contract without an audience interested in voting
@JulzRoze
8/ Points of friction in DAOs…
DAOs are bad at saying no because there is a low cost to saying ‘yes’ for people, because ‘it’s the DAOs money,’ not yours…
@frogmonkee
DAOs are bad at saying no because there is a low cost to saying ‘yes’ for people, because ‘it’s the DAOs money,’ not yours…
@frogmonkee
9/ Points of friction in DAOs…
“Code at the center. Human at the periphery.”
Visualize DAOs as two concentric circles, there is a problem when the code is small, and the complexity of human decisions is much bigger [than the code]. What makes a DAO is the code.
@frogmonkee
“Code at the center. Human at the periphery.”
Visualize DAOs as two concentric circles, there is a problem when the code is small, and the complexity of human decisions is much bigger [than the code]. What makes a DAO is the code.
@frogmonkee
10/ DAOs doing it well today…
Some DAOs do things better than others…ENS has great social governance…Gitcoin has the strongest mission…but none do it all well
@frogmonkee
Some DAOs do things better than others…ENS has great social governance…Gitcoin has the strongest mission…but none do it all well
@frogmonkee
11/ Real life examples how DAOs are solving their problems…
At Orca, they introduced “Pods” to empower small working groups based on their expertise…
@JulzRoze
At Orca, they introduced “Pods” to empower small working groups based on their expertise…
@JulzRoze
12/ The future of DAOs…
The next evolution has to be taking social, [off-chain] agreements and turning that into code.
@frogmonkee
The next evolution has to be taking social, [off-chain] agreements and turning that into code.
@frogmonkee
13/ When will DAOs win…
“Taking one from the Ethereum core developers when they get asked about the Merge… ‘there is no timeline, itll be done when it’s done 😂’”
@owocki
“Taking one from the Ethereum core developers when they get asked about the Merge… ‘there is no timeline, itll be done when it’s done 😂’”
@owocki
14/ When will DAOs win…
“Determination, innovation, and iteration means they aren’t winning yet, but they also aren’t dying”
@hal2001
“Determination, innovation, and iteration means they aren’t winning yet, but they also aren’t dying”
@hal2001
15/ If you enjoyed this thread, make sure to give it a like and a RT!
Feel free to drop me a DM if you have any questions about any of the content!
Feel free to drop me a DM if you have any questions about any of the content!
• • •
Missing some Tweet in this thread? You can try to
force a refresh
