DAO-2-DAO and DAOverse

NFT《Connect》: Owned by AmirKarimian

Financial Interaction: Trusted Contracts betwee DAO and DAO

The one-way payment behavior of one DAO to another DAO does not require a trusted binding form, but transactions are often two-way or even multi-way, where one DAO performs a certain behavior that based on the behavioral commitment of another DAO. For example:

  • Co-funding: Two DAOs make payments to a third-party pool at a certain rate (with scenarios such as forming a joint venture, jointly providing liquidity to a pool of transactions, co-financing a cause, jointly providing bonuses for an event)
  • The ability to exchange multi-types tokens in a single contract
  • Allow DAOs to be appointed representatives for a particular contract
  • Conditions would be added in real time to respond to changes in the negotiation process
  • Supports multiple payments and recurring payments (with the help of Proposal Inverter) in addition to lump sum payment
  • Transactions can be set as“private” so that don’t disclose details until all participants are ready
  • Supports conditions nested in mul-layers to cope with comples cordination ,not just supporting a single condition.

Grafting restructuring: merger, splitting, and business transfer of DAOs

Companies merger, split and business units trade with each other are common in traditional business. DAOs, as the native organizational form of Web3, will behave in a similar way.

Metagovernance: DAO to DAO ownership and governance

A DAO can hold the governance token of another DAO and influence another DAO through governance vote. It refers to such a governance process as “MetaGovernance”.

  • Personal representatives do not have a public and consistent propensity to vote, and token holders do not know which representative they are going to delegate to.
  • They may be excellent contributors, but not excellent decision makers. They may have expertise in one area, but governance decisions will cover different topics that their areas of familiarity cannot all be covered;
  • A personal representative could be a delegator or not is often based only on their reputation in the community, not on whether they make the right decisions in governance voting.
  • In practice, delegating to them has had little effect on improving governance participation rates; for example, nearly 3/4 of $COMP representatives who get a proxy do not participate in voting.
RabbitHole Metagovernance Pod Voting Display interface (https://metagov.rabbithole.gg/)
  • How do you prevent the GaaS organizations from being lobbied or bribed by other interest entities?
  • How can we set a reasonable revenue model for GaaS organizations so that they don’t have to just “love it for the love of it”?

Summary

Above, we have discussed three typical D2D interaction scenarios. We see that the DAOverse (DAO Universe) constructed by numerous DAOs and D2D interactions is similar to the traditional business world constructed by companies, but presents a completely different scene.

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PAKA

PAKA

Founders fund in Polkadot ecosystem, running as a DAO venture. Long Polkadot, short Web2.0