Community Call Jan 21, 2022
Type
cadence
Flow
Date
Jan 21, 2022
Note-taker
AustinFoss (UTC-7)#7340
Attendance
Last Edited Time
Jan 21, 2022
Last edited by
Community Call #37 - January 21, 2022
Twitch Recording: https://www.twitch.tv/videos/1271031162
Seasons 3’s CC was done in collaboration with BanklessHQ
Admin Details
Speaker: Frogmonkee
- Event Website: https://season3.bankless.community/
- Event location (Twitter Spaces): https://twitter.com/banklessdao
- Event Admin Thread: https://twitter.com/banklessDAO/status/1484555912958423046
- Live stream: https://www.twitch.tv/banklessdao
- Back up location (if Twitter Spaces crashes): https://discord.gg/fpHQGS2
- Afterparty: https://discord.gg/fpHQGS2
POAP Claim via Degen(Beta feature): https://t.co/xH78zD4vrF
Or claim Google form: https://docs.google.com/forms/d/e/1FAIpQLSf1vMM1-SB2ACRApS_rXxmejET-8Y8c4MbArlbSibJbkrru1A/viewform
Intro
Speakers: Ryan & David (paraphrasing, would recommend listening to this, they go on a good riff here ^ ).
- WAGMI - What market’s this gm? Markets up in spirit.
- Bankless DAO(bDAO) is an “exemplar model” to reference when learning about what DAOs are, and bDAO can especially be referenced as a great model. “How are humans going to organize going forward”.
- There are so many more questions than answers and bDAO can help filter out those right questions to ask.
- On the negative side, there is a risk of getting paralyzed with the surge or interest and pressure on DAO, but Bankless DAO is a great place of opportunity for experimentation instead. “There is no precut mold here.”
- bDAO can be an acid test to gate for quality and help filter the overwhelming amount of new projects in the crypto space. “Too many signals, and too much noise”
- Implications of the dystopian potential of Facebook’s metaverse are present, “but it’s boring”. Humanity is inevitably going to the metaverse, and the crypto space is already building a more community-focused metaverse. “More fun, more human”
- Onwards to season 3!
User Journey Storey
Speaker: The Psych Guy
- Psych Grad from SE Asia
- Earning money through the internet was not really an option, but interested in bDAO
- Took a leap of faith and joined in Oct 2021
- Uncovered how bDAO operated:
- Guilds are pools of talent
- lvl 1 contributors held 35000 bank
- lvl2 contributors held the 35k & also demonstrated contribution
- Guests passes are available and that’s where I started
- In less than two months I hit the 35k mark and soon was nominated for lvl
- Manages Sobol(a Web3 social graph), talent coordinator for the Education Guild & writer in the Writer’s Guild
- When onboarding as a newcomer join as many calls as you can manage
Bankless DAO As Data
Speaker: Paulapivat
- How to track the growth of a DAO
- 5 themes in season 2 engagement, gov participation, capital allocation, coordination, community recognition/membership
- Organic Discord membership has climbed organically, 1.5k new members per week & 5k to 9k members over June to September
- The goal of retaining 20% new members as a benchmark
- 234 POAPs claimed on average per community call(CC)
- Season 1 had 26 guild projects received funding, jumped to 33 in season 3
- The number of bounties has increased from season 1 to 2 by 72%, and the total of value BANK over that time increased by 216%
- The number of wallets holding an increasing amount of BANK is increasing in all categories(1-35k, 35k-150k, & 150k+)
Season 2 Recap
Speaker: Lucas
- Forefront social token report BANK moist widely held social token
- another 20% since then
- https://twitter.com/0x_Lucas/status/1483907110307917826?s=20
- Olympus pro bonding, the bDAO treasury acquired $550k in DAO owned liquidity
- Bonding still available with Sushiswap and Balancer
- https://twitter.com/0x_Lucas/status/1483907112493150209?s=20
- DAO Punks
- First sub-dao to spin out of bDAO
- Funded 88ETH in scholarships to help people go full-time DAO
- https://twitter.com/0x_Lucas/status/1483907114451963904?s=20
- 3 new media projects
- State of the DAOs
- Decentralized Law
- TheRugNews (Satire and NFT integration)
- Stay tuned for Podcast
- https://twitter.com/0x_Lucas/status/1483907116343595011?s=20
- Index Coop $GMI Index Launched
- bDAO DEGEN project has been integrated in 80+ communities
- A suite of discord bots(such as automated POAP distribution) integrated into 80+ communities
- https://twitter.com/0x_Lucas/status/1483907120063909890?s=20
- Bankless Academy
- Beta launching at the end of the month
- https://twitter.com/0x_Lucas/status/1483907133947068420?s=20
- MetaFactory
- Released 2 merch drops
- https://twitter.com/0x_Lucas/status/1483907127051636739?s=20
Expectations for Season 3
Priorities for Season 3
Speaker: Frogmonkee (paraphrasing again, go and listen to the riff ^)
Season 3 is an evolution.
“Working On” vs Working In” an organization.
Season 0, May 4, 2021, we didn’t work in the DAO, just on the DAO. Come seasons 1 & 2 we worked in primarily. Now in season 3, we will be working both on & in bDAO.
Our original coordination implementations are being strained and we need to take a step back to reinvent some of the processes. What allows us to function efficiently and govern ourselves? This is hard to do when there is so much momentum behind us.
Making a big push in season 3 a program called the governance solutions engineer program that focuses on 2 important problems to solve.
#1: Priority strategic prioritization; how to say no(little social cost to saying yes but a big social cost to say no). What do we actually need to fund?
#2: Contributor alignment. How do we properly reward active DAO members?
Redefining the way we operate sustainably. Season 3 is going to be an evolution.
International Media Nodes (IMN)
Speaker: Ornella
- IMN will help accomplish the bDAO mission, to help the world go bankless, by creating user-friendly on-ramps.
- IMN does this by translating to 16 languages
- These 16 nodes sprung up in 2 months
- More than 100 pieces per month have been translated and have attracted 21k media followers
- More than 100 members contributing 5-10 hours per week
- The combined audience grew from 10k to almost 14k in October, to 17k in Nov, and 20k in Dec
- The goal for season 3 is to reach a 50k audience and generate USD$10k revenue from external resources, returning a portion to the bDAO treasury.
DAODash
Speaker: Saulthorin
- DAODash is a DAO analytics and insights aggregator that greatly assists in monitoring DAO health metrics
- Community: https://twitter.com/the_daodash/status/1484311907951693824?s=20
- “We like to track member engagement, activity, and activation. Below is a dashboard that helps us understand how effective our on-boarding program is and the message activity of members.”
- Governance: https://twitter.com/the_daodash/status/1484311912708034561?s=20
- “We like to focus on voting behavior and compensation. One example of this is the compensation study we do with our core contributors every season. It gives us a sense of how people are being rewarded and if inequitable distributions are present.”
- Financial: https://twitter.com/the_daodash/status/1484311918093352965?s=20
- “It is important for us to understand how our funds are being distributed. This helps with project budgeting and forecasting. Our multi-sig dashboard helps track how funds are being allocated across guilds and key projects.”
- Goals this coming season include integrating with other DAOs this coming season, and becoming fully Web3 native.
Bankless Mobile App
Speaker: NSHuman
- The purpose is to feature all newsletters, weekly roll-ups, and all other content in a single portal
- Allows you to track $BANK earnings, collected POAPS, and more to come ($GMI & $BED?).
- Anticipates leveraging the IMN to reach even more people
- Using the historical ability of mobile apps to quickly onboard new users, in a very low friction way, should help us climb the adoption curve even more rapidly
- iOS is currently in beta, testing internally. First version launching later this season
- Android, planned for later in 2022.
Bankless Consulting
Speaker: RunTheJewelz
- Why? Bankless Consulting(BC) is building the internet of jobs
- Create a revenue service layer between bDAO and Web3.
- 10% of all profits go back to the DAO
- New client is the ReFi Podcast
- We would like to be the number 1 name in the space for client work in Web3.
- BC is looking for new talent that fits within any of the guilds in bDAO
- “The Bankless Consulting model leverages a community of over 19,000 Web3-native members”
- Bankless Consulting is open for business today!
Wrap Up
bDAO is going to be maximally successful when all other DAOs are maximally successful.
bDAO has to be exporting what we’ve learned to other DAOs, and other DAOs should be taking notes.
Making that culture of transparency and openness even stronger is a priority in Season 3 and going forward.
When we first seeded the mission of the DAO, helping 1 billion people go bankless, we were already tackling so many initiatives. So we decided to use this primitive called a DAO.
We already have 12+ plus languages, we already have a mobile app, and so much more on the way.
bDAO is at the nexus of so many cool new things.
Twitter recently announced NFT profile confirmation, Facebook and Instagram are next.
You want Alpha? Join Bankless DAO
Â