DAOpulse ⚡️ August Edition
The social layer in crpto is the engine that powers the DAO ecosystem. Recently the DAO movement has become more tightly integrated with content and social experiences!
People and communities are the engine powering the once in a lifetime DAO social transformation
DAOs have become the digital native manifestation and the host of wide spectrum of community initiatives. One fantastic example is the BanklessDAO: David and Ryan are leading a visionary mission to onboard as many people into a crypto native financial world, a world where people interact directly with DeFi assets and where people retain self custody: This world is “Bankless”.
After the Bankless crew have been contributing to the Ethereum ecosystem over the past few years, together with an impressive community support they launched the BanklessDAO. The Bankless vision quickly gathered momentum and turned into a vibrant community of contributors from around the world. Tune into their podcast to check the current vibe check on DAOs and their social side as a de-factor on-chain resume:
Targeted incentives - Powerful primitives
Since 2017 people were familiar with airdrops, however, in the early days they were typically done by random allocation of a shitcoin to a set of addresses that do not always possess any merit to be rewarded in the first place, thus they will result in token dump.
Since 2020 DeFi summer a new paradigm of incentive rewards has emerged where more targeted groups and communities are incented to become meaningfully influential stakeholders. Notable examples are Uniswap or Gitcoin which released tokens rewarded retrospectively to the most valued stakeholders - The active communities that proved to be contributing to their growth.
Now, imagine what could rich data from DeepDAO and/or Nansen can give token communities! Stay tuned to hear more about what we’re working on another time.
DAOs highlights
Linda from Scalar Capital initiated a DAO to coordinate and produce The Ethereum Film!
We’ve published a feature post from our friends at LD Capital sharing their narrative as observed through their involvement in the DAO space from China!
LD Capital - A Snapshot of DAO Governance and its development in China
DAO Experience Facilitation
In the dot.com era, the rise of startup culture brought to the limelight the concept of company culture. A very strong trait that attracts talent to join a startup is the presence of “good culture” originated from founders and early employees.
Similarly, in the DAO space people have become intolerant of “bad vibes” or “bad culture”, thus the emphasis on creating good experience for contributors has become even more pronounced. That’s what you have to take into account as the entire work experience has transformed to become digital native and it’s dominated by millennials + GenZs.
Recap on DeepDAO recent products release:
The epic DeepDAO team keeps shipping powerful product that serve the ecosystem. The most recent product is the Governance Feed. A product rich with discussions and data that lets you filter and stay up to date with what’s happening in their DAO world, all in one easily navigable dashboard.
Governance Feed
NiMa the enlightened DAOist is an early adopter who gets it already and moved over from Crypto Twitter Doomscrolling. Going deeper into DAOs scroll the Governance Feed 🪄
Compound Governance Data Integrated to DeepDAO
Some of the biggest protocols in DeFi by market capitalization are using the Compound Governance framework. Since DeepDAO engineers have integrated of the Compound Governance framework, we’ve seena >8x in AUM growth on DAOs tracked by DeepDAO!
It’s fascinating that with each data integration there’s more and more primitives and culture aspects that are being crystalized. The impressive diversity in the DAO space is clearly noticed as we see the differences in governance mechanism dynamic and we can compare them all on DeepDAO.
DAO + On-chain Data = Even Deeper Insights
DAOs are Blockchain native organizations. They run on the same Blockchains where applications and transactions take place. By combining Nansen’s on-chain data points on Ethereum wallets, transactions, and smart contracts with DeepDAOs insights about DAOs, you will be able to get a profound picture of the space.
🤔About DeepDAO:
DeepDAO is covering governance and financial data on the 100+ top DAOs that include major DAO platforms Compound Governance, Aragon, Moloch, DAOstack, OpenLaw, Snapshot, Gnosis Safe, and Colony. DeepDAO’s mission is to provide comprehensive discoverability for decentralized governance systems. DeepDAO presents extensive analytics and information gathering. The main dashboard product enumerates and ranks DAOs using several key metrics such as membership and assets under management (AUM).
We are constantly expanding both coverage of various DAOs, other chains and governance platforms, and the metrics that quantify and measure the dynamics of governance processes in DAOs.
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