DAO DAO
DAO DAO is the premiere interchain application for creating & participating in DAO's.
DAO DAO: https://daodao.zone/bitsong
Introduction
DAODAO introduced native support for Bitsong during Q2 2024, following governance approval of funding the deployment & support!
How DAOs Work
DAO's can be created by defining its initial configurations, and then instantiating the set of smart contracts deployed on Bitsong. This can be done through the DAO DAO UI, or even through other custom methods of calling Bitsong. These set of contracts source code is open source and verifiable, bringing certainty that DAOs on Bitsong perform as the official source code public.
Because DAO DAO DAOs operate by smart contracts on a blockchain, they are transparent by default. This means that votes, the voting power of members, and actions a DAO takes are all publicly auditable. This can help provide trust that DAO members are being good stewards of their communities.
With a DAO created, participants can choose how to collaborate, iterate and curate their DAO and on-chain actions. Each DAO has a treasury and is essentially a shared wallet between its members, where actions performed by this wallet requires a level of agreement between its users.
Types of DAOs
Each account has a membership and voting power.
Each account has a membership and voting power based on stake of a specific token. This include Bitsongs Fantoken modules.
Each account has a membership and voting power based on stake of a specific NFT collection.
Advanced Voting Configurations
DAOs are completely programmable, meaning that members can customize and even extend its DAOs configuration, allowing for the DAO to form to what the DAO members need.
SubDAOs are DAOs with other DAOs set with admin level permissions.
Vetoable DAOs can have proposals veto'd by an external source.
DAOs can have accounts on any chain, thanks to Polytone.
Additional Features
A Browser-in-browser experience to form msgs to propose for the DAO to perform.
Rewards & Revenue Mechanisms
Vesting, reward distribution, and retroactive compensation are all features available for DAOs using DAODAO.
Notifications
Telegram Bot Get notifications about DAO proposal via Telegram
Discord Bot: Get notifications about DAO proposals via Discord Bot
Join The DAO-DAO Community
Sources
Last updated