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DAOs

Session 10

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Coming up…

3:30 PM

The History of DAOs and why they’re needed

3:45 PM

Key examples of DAOs: Past and Present

4:05 PM

Break

4:35 PM

DAO Tooling

4:45PM

Legal, Regulatory, and DAOs: 0 to 1

5:15PM

Present and Future Governance Systems, How We DAO Better

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DAOs: Their Roots/How we got here

Source - ZioNodes

  • The Sharing Economy
  • The Extractive Economy
  • Bitcoin
  • Ethereum
  • The DAO
  • DeFi/Protocol DAOs
  • Impact DAOs
  • DeSci
  • It’s all coordination
  • It’s all just community

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The Surveillance Economy

The Dominance Of Google And Facebook

In the digital ad market, everyone else is begging for scraps�

Google and Facebook control 57.6% of the digital �ad market, and their slices of the pie are only growing.

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Source -Visual Capitalist

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The Need for DAOs

Equal Stakes

Neutrality

Autonomous

Structure

Accountability

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Source -101 Blockchains

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The DAO

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Protocol DAOs

Source: DeepDAO

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Other DAOs

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Source: DeepDAO

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Social Impact DAOs

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The Need

INNOVATIVE FUNDRAISING

DAOs can facilitate crowdfunding or build charitable contributions into their token strategy.

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GREATER TRANSPARENCY

DAOs allow for more transparency in

decision making and in the management of organizational finances

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NEW ACCOUNTABILITY MODELS

Through the use of smart contracts. DAOs enable the community to take ownership over causes they care about, and to hold organizations accountable.

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INCENTIVES FOR SOCIAL IMPACT

Through tokenization, DAOs can incentivize community members to engage in charitable

actions and contribute to the DAO's mission.

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COMMUNITY AGENCY

DAOs create new ways to organize the community by providing a structure that communities can take advantage of to advocate, raise funds, and deliver important services.

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Source - CryptoAltruism

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The DAO Stack

Typical Tools Used

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The Legal and Regulatory Landscape

Where we are now

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The Legal and Regulatory Landscape

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Where we need to be

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DAOs 0 to 1

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Vision + Vibes

Source - Researchgate

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DAOs 0 to 1

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Vision + Vibes

Source - Researchgate

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DAOs 0 to 1

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Setting Processes

  • What’s your structure?
  • Who runs it?
  • What accountability does everyone have?
  • How do you tackle difficulties?
  • How do you plan to both grow and control growth?

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DAOs 0 to 1

Setting Processes and Strategies

  • Who leads each workstream/subDAO?
  • How many workstreams/subDAOs do you have at initial launch?
  • What’s your buffer time for each deliverable and who reviews them?
  • How is voter turnout incentivized?
  • Who can make a proposal and why?
  • What’s the full governance process?
  • If you have delegates, how are they held accountable to the greater community?

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DAOs 0 to 1

Setting Processes and Strategies

  • Who keeps content on brand?
  • Who deals with technical work and who does not?
  • Protocol DAOs or similar: do you have an improvement proposal system?
  • How does it work?
  • How many contributors do you need year one to operate+grow?
  • What minimum and what ideal budget do you need?

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DAOs 0 to 1

Execution

  • Master KPIs
  • Weekly stand-ups
  • Weekly workstream meetings
  • End-of-week resets
  • Proactively grow your budget
  • IRL matters more than you think
  • Keep contributors aligned on short+long-term
  • “Living documents, Living processes”
  • Pivot with your community

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DAOs 0 to 1

Evaluation

  • When do you pause? (seasons)
  • What can be changed and what cannot?
  • Who evaluates and how?
  • What happens when KPIs/OKRs are not met?
  • What is the breadth and depth of each evaluation?
  • What happens if there’s a misalignment with a contributor/contributors?

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DAOs 0 to 1

Scale

  • What do you need to do more of?
  • What subDAOs need greater numbers: $+contributors?
  • What isn’t working?
  • Protocol DAOs: what more of the ecosystem can you take on?
  • How do you grow revenue even further?
  • How do you retain core contributors?
  • Is there an exit for the founding team? When?

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Common Governance Systems

A Review, with resources

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Governance Systems

Where the hurdles are

  • Standard Governance= At or Close to a Plutocracy
  • Low voter turnout
  • Systems aren’t as meritocratic as they could be
  • Overall, highly complex

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Governance Systems

How we improve them

  • Go beyond 1 token, 1 vote
  • Reward work over mere investment
  • Increase voter turnout
  • Equalize voting power
  • Ensure paths to contributor growth are transparent
  • Allow for evolution from within

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How we take DAOs Further

Future Applications

Source - hacken.io

  • DAO-based charities
  • DAO-run schools
  • DAO-run communities
  • DAO-run events and festivals
  • DAO-run brands and services
  • DAOified real estate
  • DAOified insurance
  • DAO-led funds
  • DAO-driven revitalization
  • Streamline all technical complexity
  • Ensure “DAO” is in the background

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