Why Do Most of the World's Best Challenge DAOs Promise? How it works?

As the DAO business model gains knowledge and reputation, this phrase allows for in-depth analysis and study of the top 10 DAO organizations in terms of operations and market visibility. that their members can reach consensus and decide to succeed.

Most of the above DAOs are Decentralized Funding (Defi) contracts, but it should be noted that many DAOs work in various ways, such as venture capital DAOs: MetaCartel to Grant DAO, Hackerlink to Social DAO, FWB and Media. . DAO. Taorayaki, etc.

1. Uniswap DAO

The UNIswap development team announced UNI, the policy, in September 2020. This special event introduced a new governance model and announced the voice to the Uniswap community on the same day (except in conjunction with daily operations and improvement of the project). UNI token holders can vote on design ideas that may change the functionality or design of the Uniswap protocol.

Prior to the announcement of these symbols, the decision to develop the Uniswap project was made by the development team, but now the leadership has shifted to the community. These decisions were made across the Uniswap network due to the introduction of Uniswap. a token. To this end, the group has announced 1 billion UNI tokens to join the main sponsors of the platform, including development teams, members of the UNI community, investors and consultants. The percentage of the total items distributed for each category is as follows:

60% of all resources: Uniswap community members

21,266%.

18.044% of total equipment: 4 years of operation

0.69% of total income: platform consultant for 4 years

Governance token holders jointly manage assets such as Uniswap Governance, Uni Community Treasurer, Protocol Fee Conversion, Uniswap.eth ENS Name, Token Listing Ranking, Sock Liquidity Token and more.

How Uniswap holders can submit recommendations:

All UNI holders can submit proposals for modification or introduction of new features (the applicant's address must be at least 2.5 million UNI submissions to community decision-making) and obtain approval other members of the community. The process should be linked to several stages.

Step One: The Gold Fighters must present their ideas to the community and receive 25,000 UNI votes to participate in the next step.

Step 2: Endorsement Agreements should begin the pre-consultation process to outline the main changes and benefits of the agreement, as well as recommendations that should be minimized at the end of the 50,000 Uni votes.

Step 3: President's recommendation submits the review policy for final inspection. As with the two steps above, there is a minimum number of elections to determine whether to approve a consensus, and each request must receive over 40 million UNI votes to establish its appropriate use.

UNI holders can vote for themselves or allow others to vote to decide which one represents the best interests of the UNI ecosystem.

Aave, Aave DAO

Aave is another Defi protocol that uses a power management system to enable users to participate in the management and improvement of the crypto ecosystem by introducing the AAVE token. Users can participate in the administration work by holding AAVE tokens or staking AAVE. Initially, only the AAVE development team could submit a recommendation, but after December 2012, the revised version of the management contract was opened, making distribution the basis for the functioning of the entire ecosystem of loan of AAVE. It will make the management stronger.

The new AAVE system is a two-voice system distributed to each symbol holder. All token holders can submit voting rights and comment rules accordingly, and if AAVE holders grant their rights to other community members, they will still be able to vote once the agreement is entered. in the negotiation phase. The AAVE control protocol has a variety of actuators.

The first concerns short-term improvements that allow rapid use of ecosystem-related modifications.

The second is that longer closing hours provide more and longer voting procedures for recommendations that focus on changing process policy and tokens.

The third is the bright spot, the AAVE introduced the Guardian, a group of voters who have the right to be banned from making recommendations.

The AAVE protocol uses the initial vote, so development proposals must receive more votes before they can be used. The total turnover is 16 million AAVE, of which 13 million will be distributed to users and an additional 3 million will be distributed to ecosystem reserves.

Third, Maker Dao

The DAO design was one of the first Defi projects to implement chain management, and the contract provided the MKR management token to distribute users' voting rights. Initially, MKR 1 million was announced, but unlike the previous two contracts, not all of MKR's equipment was repaired. MKR molding and damage will depend on the costs of the entire MakerDAO ecosystem. New MKR tokens will be issued if the Maker Maker contract is not overdue. In return, the MKR tokens were damaged when the contract was announced early.

MakerDAO uses on-chain and off-chain elections to gain governance approval. Voting is not limited to the community forum platform, where anyone can open forum tokens to participate in the voting process, even if they have MKR tokens.

How do MakerDAO owners submit recommendations?

Chain voting is for MKR holders only, and there are two types of telephone voting:

First: Voter Management Insurance Voting helps assess the perceptions of MKR holders before complying with recommendations.

Second: Your job for EI, voters need to be extra careful to ensure that the most effective and cost-effective change is made in the Maker Protocol. Therefore, the recommendations will be considered further.

Here are the types of changes or modifications voters are considering:

Add or remove personal items

Add or subtract bolt type

Another way for smart modular contracts

including changes to some restrictions

四、Compound DAO

Compound is another quality management system that encourages users to determine roles when they hold policy tokens. The contract distributes 2312 COMP as a daily gift to lenders and borrowers. Basically, most users will keep a large amount of COMP tokens when participating in the financial services of the Com ecosystem.

How do insurers submit recommendations?

First: Anyone can apply by closing 100 COMP for an address, but they will not participate in the vote until the candidate's address reaches 65000COMP.

Second: After 3 days of voting, agreements with more than 400,000 voters will be scheduled for 2 days at the closing time of the pre-vote agreement.

Third: The claim includes real estate transactions, interest rates, business additions or deletions and other defaults in the payment contract.

Fourth: Voters can also choose to reject and add a statement as to why they support or reject the motion. Experts can correct irregularities such as delayed voting, voting time and delivery time.

Cinq, Sushi Swap

SushiSwap also has a community management system. However, when voting on the platforms listed above uses a combination of channel voting and voting, SushiSwap management is usually closed.

Here, the voting is done on the snapshot --- decentralized voting dashboard without gas. The deal was first created on the SUSHISwap community forum, then moved to Snapshot for voting. To become a qualified voter, you must have SUSHI.

How do SushiSwap owners submit recommendations?

First: Agreements must get 5 million votes before they can be used. If the proposal exceeds the initial threshold of 5 million votes, the recipient usually decides to pass or reject the request.

Second: SUSHI's maximum shipment is limited to 250 million pieces, and over 127 million SUSHI pieces are already on their way, with the maximum expected to arrive by November 2023. Fortunately, the SushiSwap ecosystem is looking to improve its management at DAO the organization still has a future.

6, curved CAD

CurveZAI followed the management of the chain when it launched the Curve DAO (CRV) token in mid-2020. The maximum number of tokens used was 3,303,030,299 CRV and the maximum exit was over 420 million CRV. Currently, financial services provider Curve receives CRV as a gift and dispenses 750,000 CRVs per day per day. An important role of DAO policy is to determine the percentage of daily CRV rewards distributed to each pool in the Curve ecosystem. The DAO also decided to apply restrictions on the operation of the mining pool, including fees paid by traders.

How can Curve owners interact with management?

To participate in these administrations, users must lock their CRV tokens in the voting system to receive heavy voting rights and become VECRVs. The weighted vote allocated to each user depends on the closing time of the management token.

Example: Lock tokens up to 4 years establish a relationship between CRVs and VECRVs 1: 1. The minimum lockout period for CRV tokens is one week. It should be noted that 50% of the total cost of the curve swap was distributed to holders of VeCRV to induce them to close the CRV and participate in regulatory oversight. If you have the right to vote, you can start voting on the app.

Additionally, only DAO members with a rating of 2500VeCRV or higher can submit recommendations.

Xya, DAO meteorite

MTE is a patented certificate from Meteorite DAO. Cefi Meteorite Integration always comes with new Defi protocols and uses Gamefi, NFT and token ecosystems to match various blockchain strategies and user concepts, and handles management in the form of DAO. Meteorite is not only rich in various trading strategies, but all trading strategies for crypto assets must be reviewed by a DAO organization to be listed and eliminated. . This is more in line with the spirit of integrating DAO governance into the crypto world.

MTE's total capacity is set at 20,000, and the breakdown is as follows:

Investor 70%

nc 15%

5% free donation

Genesis Incentive Genesis Incentive 5% (for early community advocates, ideas, user feedback, and Genesis recommendations)

Ministry of Finance (Local Finance Fund) 5%

How can owners of meteorites participate in governance?

First, Meteorite DAO members should support or vote on recommendations, participate in ecological development, and share decisions regarding the meteorite's future and leadership through an engagement platform. manage the MTE token.

Second: Meteorite DAO performs a preliminary assessment of each plan provided by the expert. Professionals must provide an exchange of at least 18 months of real business information. After passing the preliminary exam, you can start voting. ideas.

Third: provide the election verification data to clarify the results of the preliminary examination. Voters use MTE as described. The DAO meteorite will reward you for your vote. The rotation of MTEs is good and the recommendations are approved when the number of votes is better than the number of votes is not good. The deal takes place 10 days after polling day.

Fourth: Meteorite DAO members can vote on the list and withdraw any proposals and distributions or investments in community banks. MTE holders become platform owners and benefit from permanent control and ownership rights, meteorite rate protocol and number of MTEs to be dismantled.

There are many top DAOs in the Defi field and their content listed them all a long time ago!

Therefore

Finally, the DAO ecosystem is developed and managed through a unique and harmonious partnership of smart contracts and communities, which makes it possible to manage all the interconnections between the chain and off-chain. Although the contract sets the rules of the organization and governs priorities such as budgets and expenses, a DAO or DO member may work in addition to recommendations and modifications. . feelings.

When a DAO contract runs successfully on Ethereum or its network, no DAO member can change the contract without the consent of another member at any stage and layer of the process. , from various internal organizations to the designer. The community provides further evidence that elitist and algorithmic processes work.

The strength of DAOs described in this article shows that the crypto community is increasingly adopting new solutions to eliminate governance risks and build integration. However, please note that we are still in the early stages of this movement. Therefore, existing and new platforms will inevitably display better decentralization and autonomous management.