Some say 2022 will be the DAO's first year.

Everyone will start or join. This is what we need to know.

What is DAO?

DAO stands for Decentralized Autonomous Organization. The web3 model of a company or organization.

Who can start a DAO?

Anyone can start a DAO. There is no top-down hierarchy. It is inclusive, open and anyone can participate.

How it works?

DAO rules are all the rules of a smart, open source contract. What the organization does is completely transparent. Decisions are taken by a vote of the DAO members.

The DAO project

In theory, any organization could become a DAO. Investment DAOs and Grants DAOs can help finance projects. A CAD author can print NFT charts and other printed materials. Social DAO can provide its members with some community.

How to configure DAO from scratch?

An important member with responsibilities and a vision. Take advantage of the first dozen of upstream assistance. More people participated, forming the first community working group. The organization continued to grow and a team of professionals was formed.

What is the role of the DAO?

The DAO infrastructure

The DAO framework provides the resources to develop DAOs. A complete solution (such as Colony, Syndicate or Aragon) can be used to create a DAO. Instead, select and deliver solutions to all employees.

DAO Infrastructure 2

The first team started with Discord.

Distribution of DAO tokens only to members

Whether to use Paladin for administration

MultiSafe can manage their money by donating, selling tokens or making payments.

DAO members receive their salaries from Disperse.

concurrence

Non-cryptocurrencies and non-developers should have easy access to DAOs.

Voter management can improve.

The measurements and payments of participating members need to be improved.

The DAO's legal and regulatory framework remains unclear.

DAO tool

Create and run DAO

First, a valuable tool that allows the community to see DAO (and possibly contract-related) risks based on market dynamics and performance so DAO members understand what it means to vote for a responsibility / requirements. lower or higher interest rates. has occurred. same price. This will highlight the level of risk that the DAO Treasure holds and allow communities to adjust their finances to meet specific KPIs.

For example, the multi-thousand dollar assets held by mortgage lenders Aave and Compound benefit as much as insurance from their mortgage contracts. For example, if a large sum of money results in a large number of illegal loans and the contract results in the loss of the loan, DAOs can use the money to supplement the loan (for example, joint use of DAI of professional equipment ).

Correcting contractual inconsistencies, such as the need for real estate, will help reduce the likelihood that DAO will have to spend on these support events. The following is an example of a real-time dashboard monitoring risk in many Aave stores. Tools used to measure risk include simulation tools that combine algorithmic trading with smart tools (like AlphaGo).

The purpose of these tools and services is to make communities more diverse and diverse. Due to the combination of smart contracts, contracts become more complicated and inconvenient, and management becomes more difficult with each new member. This, in turn, makes it difficult for new members to join DAO and participate in a meaningful way.

By making it easy for users to explain difficult behaviors hidden in DAOs, the information can help engage new members. For example, the tool allows all members to understand who they are voting for without having to understand the complex process. Each DAO tool or service can provide a descriptive, easy-to-understand dashboard that shows the state of DAO operations by thought, budget, and community.

The main issues that DAOs as mentioned in DeFi affect financial and business risks, so token holders use tools to measure those risks. It can also help voters (like voters who are allowed to vote for another voter) to measure how well their representatives are doing at improving performance on the right.

DAO is the future of work and community.

It's still young, but DAOs will be a way for all of us to work, communicate and connect. It is not too early to know them now.