The eleventh meeting
Last Edited Time
Nov 4, 2022
Created time
Nov 4, 2022
Participants
Created By
Type
Created
Nov 4, 2022
Zoom Recording
Property
Property 1
Attendees: Ivanfartunov, Andrei (dOrg), Hazel (DAOstar), James Young (Collab.Land), Lukas (Otterspace), Alex Poon (CharmVerse), Apoorv (DaoLens), Devika (DaoLens), Vikram Aditya (DaoLens), Manboy (dOrg), Tucker (Metagov), Geoerge, Devid Ehrlichman (Hats Protocol) Cent (Metagov), RnDAO
Agenda
How can DAOs get more bang for their buck by keeping grant recipients accountable?
Poll Responses
- Milestone-based grant payouts
- Align the grant recipients with tokens, reputation, or some other form of equity stake
- We need to innovate somehow in the grant space. This might happen by aligning grant recipients with tokens, reputation, vesting schedules, lock-in periods. In normal startups, the leads will get large equity stakes, and that keeps the organization better aligned. It could also be reputation.
- An audit guild (one that brings light to performance or lack thereof of fund recipients)
- Can see how there could be a bribery marketplace with incentives. You can outsource auditing to third party guilds.
- Penalizing DAO folks who supported an in-efficient grant application/team.
- If you default to tracking KPIs, those positions are usually very well paid. They have a negative incentive: if I’m funding things that won’t succeed, I’ll lose this well paying contract.
- What are the measures that you track for success of grants. Token price, hackathons, etc?
- On the point of making every dao a syndicate, Avalanch has moved the DAO into just making investments.
- Maybe during the next call we can have Will in to talk about this
- A lot of people bind grants and venture investments, even though they are different. In DAOs, because things often become productized. It could be interesting to turn grants into seed evaluations if the project becomes a product, might help to address the reluctance of spending.
- The value of the investment matter little compared to all the clauses around it.
Updates
New proposal standard
- Working on standardizing proposals. Looking at 10,ooo form entries from governance forums. Wrote a paper identifying different types of proposal buckets. Generation of templates, and helping DAOs think about what kind of proposals they should think about.
Short presentation of API Front end
- Working on registration design
DAO research
- Researching
Future of DAOstar One and Roundtables
- Will be working more closely with openzeppelin and Tally.
- Reference implementation for compound
- Talk around a DAO standard for SAFE contracts
- Open positions and nominations for ED for a DAO foundation
Discussion
Over the last cycle we saw a lot of tools tackling dao tooling for coordination, yet many organizations are unable to use the tools, or are working in silos. The problem is
- that a project solves it for themselves, but they don’t share,
- a project promotes their tools
- services selling the same idea to multiple organizations, may be suboptimal
Also looking at OtterSpace, SnapShot, etc. There are examples of organizations demonstrating how they stack together tools in real world cases. It seems that very few projects solve enough of a vertical problem that they can fill all of their needs. This might have been possible 4-5 years ago, but there is more complexity now.
There are collections that look at DAO tools as separate tools/systems. How can an entity like DAOstar One work to bring these tools together.
Is it too early for DAO tooling templates?
- When you say too early, not sure what you mean by that. Do you mean not enough opportunity or gain?
- Reason for thinking it might be too early is that DAOs are still heterogeneous
- But that financial reasons also makes sense.
- Have we begun to identify what there is to gain by building these bridges
- When we say building bridges do we mean what is the benefit of interoperability?
- Yes
- I’m wondering if we have consolidated messaging on that for the ecosystem
- There is a sales pitch here for the ecosystem: composability and interoperability, ability to produce a wide range of value.
- Would love to see something where someone could one-click deploy a restaurant using DAO tooling
- Web3 projects are built opposite from how traditional products are built. Traditionally, they are built to solve a specific need. In web3, we built protocols, but don’t think about the front end, and that they are supposed to be legos, but they aren’t interoperable and don’t have good UX
- It’s not just a build it and they will come mentality. See that mentality in open source and also web3 ecosystem.
What might be ways of incentivizing and promoting interoperability between tools?
- ToolKit from Otterspace
- Coming out of discussions that we want to cooperate rather than compete. Have coined coopetate (mix of competition and cooperation)
- Patterns will emerge through collaboration.
- There is ne type of DAO that if we solve for we solve for every other type of DAOs
- That is professional companies