Hello all !
There have been several conversations taking place in the forum and discord about getting in place a more structured setup for coordinating members of BanklessDAO, and after a conversation with the #Writers-Guild I felt compelled to write this up in a forum post.
In this proposal, we will highlight some of the key reasons why DAOhaus could be a perfect place for BanklessDAO to summon (deploy), manage, and coordinate governance in an on-chain DAO.
But before we get into this, if any of this language feels inaccessible check out this glossary of terms that will help you along.
Moloch
If you are unfamiliar with the MolochDAO framework, we highly recommend you check out this great explainer on Molochs and DAOs generally, which can be found here.
The TL;DR is that MolochDAOs introduce several novel mechanisms for reducing coordination failure within the DAO structure, and some of these mechanisms serve as crucial functions for the DAO to maintain structural benevolence and reduced friction for organizations.
Layer the DAOhaus platform on top of MolochV2, and what you get is a kick-ass dapp for being able to deploy, manage, and coordinate your community in a semi-trustless and permissionless environment.
DAOhaus
The DAOhaus DAO model combines several factors that make for a strong permissioned core team with skin in the game, achieved through:
- Token tribute/staking into the core treasury
- A secondary vault for non-ragequitable funds
- Arbitrary contract execution leveraging Minions
And still the greater token holder community is engaged through off-chain signal voting!
For those unfamiliar with ragequit, it serves as a pertinent function in Molochs that allows members to turn in their membership shares for a pro-rata claim on the underlying assets held in the main treasury.
To get a taste of the UI/UX, we encourage you to go to the explore page on the DAOhaus app, this is where you can see all of the DAOs on the DAOhaus platform .
You may remember the original DAOhaus interface, it got some recognition at ETHBerlin a few years ago.
Well, we kept building, and is now a full-fledged platform of community tools, built by the communities that use them. MetaCartel, MetaCartelVentures, Meta Gamma Delta, RaidGuild, and a bunch of others. Check this for the initial vision of DAOhaus.
Benefits for BanklessDAO Governance
In addition to a slick and user-friendly interface, DAOhaus presents some nifty features that could directly benefit the BanklessDAO as it continues to refine its organizational structure into the future.
BanklessDAO could deploy on xDAI, Polygon, or Ethereum Mainnet. With an xDAI or Polygon deployment, BanklessDAO could engage in:
- Low-overhead and inexpensive on-chain governance, allowing
- Maximum experimentation
Skin in the game is a direct result of having members stake their tokens into the DAO.
Enter $BANK token.
Instead of members having to hold $BANK in their wallets to participate in governance or in the discord, they could hold DAO shares, which grant voting power.
This exchange could be done by having members submit “tribute” to the DAO through a membership proposal, and in return those members receive an equitable amount of shares.
The amount of shares received for a given amount of tributed $BANK would be based on a selection of factors decided on by the Bankless DAO; governance weighting might even incorporate the recent Snapshot Proposal.
This would allow BanklessDAO to free up capital that is currently held in wallets, and make it available to DAO members to coordinate and allocate funds to projects of our choosing, denominated in $BANK or any ERC-20 supported by the BanklessDAO.
Novelties of this DAO framework
Once BanklessDAO members are onboarded, the massive DAO coordination game could begin, with on-chain voting and execution happening at every member’s fingertips.
BanklessDAO could spin up a Minion, or an Arbitrary Contract Executor (ACE) that would allow the DAO to collectively hold any asset of the DAOs choosing and interact with any other smart contracts. Check this graphic below for a better visual.
The DAO represented by the circle on the left is the entire community, it is where all on-chain coordination takes place and an emergent community can flourish.
What is really neat, outside of the fact that we could collectively hold NFTs or tokens of projects that we collectively believe in, is that any assets held by the Minion Vault are non-ragequitable, which means if a member ragequits from the BanklessDAO, they will not receive any of the assets held within the BanklessDAO minion, only the DAO itself.
If any members would want to ragequit (Moloch Forbid! ), the DAO framework makes it fairly easy for members to join and leave their DAO.
Additionally, there are a myriad of Boosts that can be added to a DAOhaus DAO, some of which are still underdevelopment (like Pool-Parties), but others are live in-action and being used by DAOs across the platform. You can learn more about boosts here.
We believe boosts will be the future of interDAO coordination and composability, and we think soon DAO2DAO relations will play an instrumental role in the growth and scalability of DAO ecosystems!
Where DAOhaus is Headed?
And so DAOhaus is a permissionless platform for deploying DAOs, and the goals of the community to decentralize have materialized in the deployment of the DAOofDAOs, or UberHaus, a DAO for managing all of the DAOs on the DAOhaus platform.
By decentralizing incrementally, DAOhaus believes that all of the DAOs on the platform will be able to assume responsibility for certain functions that the core team is currently serving within DAOhaus. This is a wider goal and ambitious, but we’re hopeful we’ll get there with time.
UberHaus is composed of +70 DAOs on the DAOhaus platform, and It is tasked with the honorable but trying test of driving the platform forward and governing it’s future into infintium. To learn about how UberHaus came to rise, check out this post.
Influencing Culture & Direction
Not only could BanklessDAO deploy on DAOhaus, but it could level up and get involved in UberHaus DAO governance.
This would give BanklessDAO a direct say over where to take the DAOhaus platform in the future, and possibly influence DAO development and governance more broadly.
Cultural and Community Fit
We think BanklessDAO has a lot to say on this matter, and as a patron the phrase “It is not what your DAO can do for you, it is what you can do for your DAO” comes to mind.
This is the same question that DAOhaus asks DAOs before they join UberHaus (what can your DAO do for UberHaus), and it is the basic tenet of proving value, merit, and commitment to an organization you’re passionate about joining.
Above all else, we see there is a lot of overlap between what BanklessDAO is building and what DAOhaus is providing, an open/permissionless community and infrastructure for collaborating on projects that we collectively deem are valuable.
So we ask with admiration to all of our fellow Bankless friends, Is this of interest to you? Can we build the future of BanklessDAO on DAOhaus?
Let’s blow some minds and slay Moloch in the meantime.
If you want to go fast, go alone. If you want to go far, go together.