Decentralized autonomous organizations come in all sizes and flavors. Some can seem sweet; others turn sour. It can be fun and interesting to create one that suits your needs and satisfies your hunger for something new.
We talk to the master chefs Noam Hof of DeepDAO, Stru Delman of Aragon, and Fabien of Snapshot who are mixing up new and exciting recipes for participatory goodness that you can bake at home.
You can bake your own DAO at home using this simple recipe.
Just five ingredients:
Establish a common goal, mission or objective.
Build a community of like-minded people using Discord or Telegram.
Create a shared fund to finance your goal.
Construct a governance framework.
Communicate to the group how the project is developing and disburse rewards as appropriate to contributors.
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Protocol DAOs
Philanthropy DAOs
Big Green DAO is a philanthropy-minded DAO.
Collector DAOs
Investment DAOs
Grants DAOs
Planning
Drafting and programming smart contracts, wallets and tokens
Establishing an initial community
Reaching out to new participants
Development and change.
Youll need some tools for the job. No, we dont mean in Discord.
The tools you will need:
Step 1: Lightly toast governance
Step 2: Stir in some expertise
Mixing in some expertise often makes all the difference.
Step 3: Heat up the stakes
Step 4: Mix and match voting methods
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There are online tools to help you bake your own DAO.
Step 5: Bake it, then the DAOs ready for public consumption
Recipe note:
Once the cake has been baked, you can choose to hand it over to the people who helped create it.
To serve: Cut the cake and pass it around
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