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  • Toby Sinclair

What is a DAO? Your Ultimate Resource List

Updated: Oct 27, 2021

What is a DAO?

Have you heard the latest organisational buzzword - DAO.

You are likely thinking - WTF is a DAO?

To begin, it stands for Decentralized Autonomous Organization.

It's a very popular way for cryptocurrency communities and companies to organise. However, it has broader application beyond that space.

The definition of a DAO is varied.

Here are three:

A decentralized autonomous organization (DAO) is a group organized around a mission that coordinates through a shared set of rules enforced on a blockchain.

DAOs are internet communities with a shared cap table and bank account.

A group chat and a bank account.

You are still probably thinking WTF is a DAO?

Well rather than create a new definition, let me curate.

Here is a collection of resources I've found helpful in understanding exactly what a DAO is.


What are DAOs?

These five resources will answer the most common questions. They'll explore what is a DAO, how do DAO's work and what problems DAO's aim to solve.

What are some DAO examples?

There's no better way to understand an idea than with examples.

This visual by @coopahtroopa provides the current DAO Landscape.

DAO Landscape

Image by @coopahtroopa

Here are 5 resources that dive into these DAOs:

A great way to learn is by joining a DAO.

AAVE is well-established DAO where you can see all the mechanics in action and get involved. For example, you can view and vote on governance proposals.

Start by joining the AAVE discord 💬

How do I start a DAO?

Once you understand the power of a DAO you'll likely want to start your own.

Here are a few resources about how to start a DAO:

What tools are used in a DAO?

DAO Tooling Landscape

  • DAO Landscape by Coopatroopha includes:

    • Gnosis Safe - Multisig wallets are commonly used to manage community treasuries.

    • Snapshot - Off-chain voting platform for easy token-based governance.

    • Discourse - Forum commonly used to discuss governance proposals.

    • CollabLand - Bots providing token-gated access and tipping to community chat groups.

    • Coordinape - Coordination game to determine which contributors(s) deserve token rewards.

    • Parcel - Treasury management to easily track and send payments.

    • SourceCred - Instance to track community participation and reward active members.

    • Mirror - Finance creative projects through tokenized crowdfunds.

    • Tally - Governance dashboard to track on-chain voting history across different protocols.

    • Boardroom - Governance hub for token holder management to empower key decision making.

    • Sybil - Create and track on-chain governance delegation.

    • RabbitHole - Reward tokens for completing specific on-chain tasks.

Who should I follow?

I've curated a list on Twitter with the authors of these articles and more.


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