BanklessDAO best practices book
Intro
This Book should be created in phases and should be the navigation panel for "how to DAO" in BanklessDAO. This material should enable:
- New Joiner get familiar with BanklessDAO within a day
- Bankless members get resources or points of contact for their work ASAP
- Helping other DAOs with their set-up
Phase 1 - Identifying point of contacts and guild for each section
Phase 2 - Summary of the section to be created and link to additional material added
Phase 3 - Based on internal and external interest, start creating comprehensive material for each section.
Phase 4 - When the teams create white papers, we will issue a sponsored/paid newsletter. Technology vendors for respective topics can contribute their own best practices content and sponsor the newsletter.
Phase 5 - Publish a book.
What is Bankless?
Bankless is a movement. It hails from the collective conviction that going bankless is a journey towards freedom, self-sovereignty, and financial independence.
What is Going Bankless?
Simply put, going bankless means reducing our reliance on central banks and commercial banks. With the invention of Ethereum and the subsequent crypto-money system, banks will become an outdated model for money management. They are no longer needed.
Why Go Bankless?
This open money system is just getting started. That makes going bankless a journey Westwards to find gold. If we’re right—massive upside! New economies. New asset classes. The opportunity to become financially independent. This is like learning HTML and buying .com domains in 1995.
So why should you go bankless?
1. To maximize your crypto wealth [independence and wealth]
2. To become a Bankless Jedi [skills & knowledge]
More broadly, by all of us going bankless, we create a better system for future generations to thrive.
1. It’s about rejecting authoritarianism (read the deeper reason)
2. It’s about building it up not burning it down (read the cities burn below)
3. It’s about how we can change the world (read the 3.5% rule)
4. It’s about access for developing world (read straddling two worlds)
5. It’s about a hedge against their money printing (read the cost of money printing)
Bankless means freedom and upside for each of us as individuals and an opportunity make the world a better place for future generations. If bankless wins, the world wins.
Overall BanklessDAO structure
Responsible guild: Cartography guild
Point of contact:
Link to the additional material:
BanklessDAO operates in guilds; it is common to have autonomous teams contribute to the same vision. However, when the DAO grows, even guilds can be their own DAO, then those guilds need to be split into other sub-structures. But those breakdowns cannot continue forever, and eventually, there might be a split of a DAO not to have more than three levels of governance and keep the organization nimble and agile. Bankless DAO is not at that stage yet, but it has already created subDAOs in Brazil and Africa, where are large communities.
Geographical reasons have driven this split, but most often, those splits will be caused by having different product strategies or tackling the various problems. Similar as GE or J&J broke up their businesses.
Contributors structure and roles
Responsible guild:
Point of contact:
Link to the additional material:
| Status | requirements to receive the status | Benefits of the status |
| Level 1 | 35k $BANK | member perks, private channels, insurance |
| Level 2 | L1 + Vote in as important contributor | L1 perks, community recognition, can create pools and grant guest passes |
| Level 3 | Whale 150k $BANK?? | ㅤ |
| Level 4 | Super Whale ???? $BANK | ㅤ |
| Guest Pass | Receive from any L2 contributor | ㅤ |
| Project leaders | ㅤ | ㅤ |
| No pass | ㅤ | ㅤ |
| Guild Coordinator | ㅤ | ㅤ |
| Talent Coordinator | ㅤ | ㅤ |
| Multisig key holders | ㅤ | ㅤ |
| Grant Committee member | ㅤ | ㅤ |
| ㅤ | ㅤ | ㅤ |
Governance
Responsible guild: Ops guild
Point of contact: Frogmonkee
Link to the additional material: , ;
Consulting Governance Framework
BanklessDAO Formal Proposal Template
Ops guild
Decision making
Budget distribution
Bankless have several levels of decision making, the team or guild can make some decisions, and other needs to be escalated to the IIPS
Resource allocation and Grant process
Responsible guild: Grants Committee
Point of contact: Kouros, Joe
Tokenomics
Responsible guild: Treasury Guild
Point of contact: IcedCool
Link to the additional material:
$BANK - treasury
Talent management
Responsible guild:
Point of contact:Lucas / Frog / Ernest
Link to the additional material:
Discord channel:
Onboarding
Talent managers
Talent Coordination
Compensation
Responsible guild:
Point of contact:
Compensation options used in BanklessDAO
Technology
Responsible guild: DevGuild or Ops
Point of contact: IceCold
Link to the additional material:
Discord
Forum
Project lifecycle management
Responsible guild: PLM team
Point of contact: 0xRene
Link to the additional material:
Other DAOs examples and differences
Responsible guild: DAO
Point of contact:
Link to the additional material:
Wise owls structure of Index Coop
punksDAO - tokenomics
Bankless Brazil
Governance
Governance NFTs and Tokens to grant governance power
Social NFTs to be used as a gateway for roles
2 types → value vs governance only
- Valueless NFT - will be distributed/minted based on the need.
- minting will be controlled by the internal group (can be controlled by the smart-contract reflecting Discord voting)
- Valued NFT - the value of the NFT can raise with more contribution. How to enable extracting value from the NFT without selling the position.
- Play to earn concept with better NFT more revenue, bonus options etc - if you want to leave DAO or pause your contribution you can sell it to the DAO and you will be the only one able to buy it back, to not trade governance power.
Gate is 350 $BANK.
Compensation models
Two different models -
- all funds go from and in DAO treasury
- projects keep their own treasury when they have a revenue stream
Funding - grants are distributed to the contributors in $BANK
- The newsletter is different, sponsor or subscriber pays in $ which is then put into the treasury.