• Toby Sinclair

What is a DAO? Your Ultimate Resource List

Updated: Oct 27


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.

@lindaxie


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

@coopahtroopa


A group chat and a bank account.

@keikreutler


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.



TL;DR

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.

Organization Legos: The State of DAO Tooling

The DAO stack


Who should I follow?


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


Subscribe: https://twitter.com/i/lists/1451641517802721282?s=20