Welcome to the Cryptosi DAO DAO universe where we recently had our second Discord meeting, fondly nicknamed “meeting 1.5,” due to its impromptu nature. The meeting covered in-depth discussions about the structure of our Decentralized Autonomous Organization (DAO), including the role of subDAOs and the ways they bolster our main DAO.
1. Embracing SubDAOs
SubDAOs hold a crucial place in our DAO ecosystem. They are capable of self-governance, and while their ability to control their sister DAOs remains uncertain, their contributions to the overall DAO structure are undeniable. Yet, their creation is not without risks. For instance, there’s always the danger of voter fatigue due to incessant voting on every single matter.
However, the beauty of the DAO structure is that it has in-built mechanisms to mitigate such issues. For example, using a token-based DAO where the admin subDAO is a multi-sig could help us manage various operations without demanding every member’s vote on each minor issue. This system could handle everything from managing staking rewards contracts to sending new member tokens, making the process much more efficient and reducing voter fatigue.
2. DAO Structure Unraveled
Our exploration into DAO structure yielded a series of intriguing findings. For instance, we came to understand that the early stages of a DAO’s functioning would differ significantly from its later phases.
We also discussed the possibility of subDAOs taking on specific responsibilities. For instance, an admin subDAO might handle company formation in a certain jurisdiction, providing an efficient, specialized function within the larger DAO. This division of labor could potentially increase the effectiveness of the overall DAO.
In addition, we examined the potential role of delegates in the DAO ecosystem. Delegates would handle the task of voting on all proposals that come through the main DAO, alleviating the burden on members and reducing the risk of voter fatigue.
3. Future DAO Structure
We discussed a theoretical DAO structure that could be implemented in the future. Imagine a system where the main DAO controls several subDAOs and also a veto layer. This veto layer could possibly act as a checkpoint, nullifying proposals if needed. However, this potential feature is not currently developed and may add a layer of complexity to our structure.
We also discussed how to incentivize people who are staking. Reward mechanisms could range from issuing new tokens created by the DAO to disbursing payments from the DAO’s treasury.
4. A Sneak Peek into the Future
In the future, each subDAO could potentially have its own rewards contract, leading to a dynamic and reward-driven DAO ecosystem. We’re planning to launch shortly, and we look forward to sharing the completed website with you all.
The beauty of the DAO model is its ability to evolve and adapt over time. As we forge ahead, our DAO might become more intricate, and new tools might be developed that we haven’t even considered yet. The possibilities are endless.
Our vibrant community continues to grow, and we are always delighted to welcome new members. Together, let’s continue to build and develop the Cryptosi DAO DAO.