The case for DAOs

2022-05-11

Perhaps the most well-known and controversial DAO to date is The DAO, a decentralized venture capital fund launched in April 2016. Members contribute ETH and receive DAO tokens in return. Members can use the token to vote on which projects the funds should be allocated to. The DAO raised a total of $150 million in ETH, but hackers stole $60 million. But what’s interesting is that while The DAO is now gone, until now, everyone can still see the record of all transactions that happened, because it’s on the public blockchain, and those records will never disappear. Unfortunately, this hack temporarily made many people doubt the term DAO. But DAOs are an extremely powerful form of organization, and it won’t be long before we see DAOs come back to life in the crypto world.

If a crypto project itself is governed in a decentralized manner, i.e. token holders can vote on the project's direction and various parameter settings, rather than just a centralized team making decisions, then the project is also Can be thought of as a DAO. For example, token holders of MakerDAO, which has built a decentralized stablecoin, can manage the system and vote on parameters such as stability fees.

The case for DAOs image 0
Example of MakerDAO Executing Proposal

Another example is the Curve DAO that builds an Automated Market Maker (AMM) that generates fees and provides income dividends to locked token holders. The longer the Curve Token (CRV) is locked up, the more voting rights and rewards the DAO member gets. Unlike traditional companies that share proportional revenue, Curve DAO has established a system in which voting rights and revenue shares are weighted according to the length of investment of token holders.

The case for DAOs image 1

Stakeholders can directly control DAO's assets through tokens. These stakeholders can be anonymous and anywhere in the world. These anonymous stakeholders can work together to distribute the DAO's assets for any matter, including personnel appointments. This is what is happening now. The DAO consists of hundreds of known, or anonymous, members, and appoints people reasonably only based on community reputation. For example, the Empty Set Dollar (ESD) DAO paid community manager Lewi $180,000, which he mentioned was the highest paying position of his career. Other blockchains such as Tezos and Decred also have such systems to reward contributors for their work.

Access to DAO related Dapps

Taking the Sputnik DAO as an example, users can use Bitget Wallet (Previously Bitget Wallet (Previously BitKeep)) to participate:

1)Open Bitget Wallet (Previously Bitget Wallet (Previously BitKeep))'s [Browser] page and search for [DAO] to see many DAO-related applications; click [Sputnik DAO];

2)Click [Confirm] to enter the Dapp homepage, you can browse and understand the relevant information of Sputnik DAO; click [Launch App], you can participate after registering an account.

The case for DAOs image 2
Introducing Sputnik DAO

Sputnik DAO致力于成为基于NEAR搭建的社区和治理的大本营。任何社区、团体或个人都可以轻松创建Sputnik DAO。每个DAO都是NEAR上的一个账户,可以参加任何其他活动,比如Sputnik DAO可以是另一个DAO或多签的一员。

Sputnik DAO支持以下常见操作:

分配资金

对某个pool进行投票

升级DAO或其他合约

NEAR允许对其他合约的函数进行调用,这样DAO可以执行任何任意的链上操作,包括调用通证工厂合约以创建新的通证,从一家市场购买一个新的NFT,为某个充当扩展程序的DAO调用特殊合约等。这样的操作可以被用来在另一个DAO中创建提议或者用来投票。

可配置的“政策”允许人们定义投票和决策方式:

政策支持为每个角色提供许可。许可结合了提议种类以及操作种类,比如“转账:添加提议”意味着该角色可以为资金转账添加提议。

操作类型指:添加提议,移除提议,投票通过,投票拒绝,投票移除,定案等

角色会以三种方式说明:每个人、某一特定团体的部分成员或授权的通证权重

DAO支持对质押通证打包,后者可以用作投票。这种操作只能执行一次:

对此场景来说,工作人员应该部署一项特殊的质押合约,未来用户将为此合约充值他们想委托以用来投票的通证

全部投票活动都是通过委托完成的。意思是说如果用户为质押合约充值了10枚通证,他可以选择将其中5枚通证委托给自己的投票,另外5枚通证委托给其他账户的投票。其他账户并不需要有自己的提议来投票,这将允许任何人都可以创建一种流动民主。

这种质押合约功能允许任何人取消对通证的委托,但对二次委托予以冻结,其冻结期要比DAO投票的时间要长,目的是为了避免因为短期质押影响投票结果而带来的问题。

我们可以为之后的DAO执行其他的质押合约。比如,创建一个质押合约,使其作为元质押池,允许用户在某些DAO中使用质押了NEAR通证的协议进行投票。

Content
    wallet
    Recommended
    No data