How to bake your own DAO at home — With just 5 ingredients!
2022.08.10 01:18
How to bake your own DAO at home — With just 5 ingredients!
Decentralized autonomous organizations come in all sizes and flavors. Some can seem sweet; others turn sour. It can be fun and interesting to create one that suits your needs and satisfies your hunger for something new.
We talk to the master chefs Noam Hof of DeepDAO, Stru Delman of Aragon, and Fabien of Snapshot who are mixing up new and exciting recipes for participatory goodness that you can bake at home.
Just five ingredients:
- Establish a common goal, mission or objective.
- Build a community of like-minded people using Discord or Telegram.
- Create a shared fund to finance your goal.
- Construct a governance framework.
- Communicate to the group how the project is developing and disburse rewards as appropriate to contributors.
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Protocol DAOs
Philanthropy DAOs
Collector DAOs
Investment DAOs
Grants DAOs
- Planning
- Drafting and programming smart contracts, wallets and tokens
- Establishing an initial community
- Reaching out to new participants
- Development and change.
The tools you will need:
Step 1: Lightly toast governance
Step 2: Stir in some expertise
Mixing in some expertise often makes all the difference.
Step 3: Heat up the stakes
Step 4: Mix and match voting methods
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Step 5: Bake it, then the DAOs ready for public consumption
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Recipe note:
To serve: Cut the cake and pass it around
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