Translation of different types of DAO

What is the DAO? Maybe everyone has their own understanding of something. Simply put, DAO is a platform to engage with the community. So what are DAOs looking for? It is about giving members a voice through management, creating a harmonious structure and streamlining operations, and allocating resources to accomplish key tasks. DAOs of all sizes seek to fulfill their key role in the transition from team to community.

DAOs have now moved into the middle ground, and according to data from DeepDao, there are already over 180 DAOs managing over $10 billion in assets and attracting nearly 2 million members. The scope of DAOs is relatively wide and varied: protocol DAOs, ingest DAOs, capital DAOs, etc. Many of you want to understand the meaning behind it, so I'll take you through an in-depth look at the different DAO types and best practices for these DAO types from a Metaverse Labs perspective.

Carte DAO

Good organization in a variety of DAOs

CAD operating system

A DAO starts with the operations used to create a DAO, and the project provides communities with a variety of templates, templates, and tools to compile resources and get started with your original DAO. They often provide smart contracts and interventions for chain operation in affected communities, and DAO OS makes it easy for anyone with the skills to get started with DAO.

The largest project for this type of DAO is Aragon. Aragon (ANT) is a decentralized platform developed by the Ethereum network that provides a way to create and manage DApps, cryptographic protocols, and decentralized autonomous organizations (DAOs). The ANT ERC-20 token authorizes the administrator of the Aragon network.

Investment CAD

As the DAO process introduces new types of tokens, there seems to be a reason for groups to participate in token investing. After a long, not-so-successful DAO, the Business Association stopped allowing its members to focus on revenue generation. Although these DAOs face more restrictions than those allowed by DAOs, they indicate that all groups can come together and invest more capital with less access.

The most representative of this type of DAO is BitDAO, which is an autonomous organization that aims to provide a level playing field for all people in the world through business development. The process is one of the largest and newest DeFi-centric DAOs in the world run by BIT token holders.

BitDAO was created with the vision of allocating capital and key assets to drive DeFi growth, primarily in finance, R&D, and revenue. BitDAO also supports the development of blockchain technology via free (e.g. Gitcoin) and supports existing and new transactions via token exchange.

As of June 16, 2021, BitDAO led by Peter Thiel, Founders Fund, Pantera Capital and Dragonfly Capital, and BitDAO comprising Alan Howard, Jump Capital, Spartan Group, Fenbushi and Kain Warwick (Synthetix) Invest.

Cryptocurrency exchange Bybit has also pledged 0.025% of its revenue pledge to the BitDAO treasury for free, which will continue to grow as Bybit's market grows and the broader cryptocurrency market grows. will develop.

DAO Grant (Type of Grant (Funding/Charity) DAO)

Grant/Charitable DAOs are similar to investing DAOs in fundraising members and using them for various purposes, the only difference is that the donations/charities the DAOs have invested with no expectation of financial recovery.

Pioneering this model, Gitcoin describes itself as a community of developers, developers, and processes coming together to create the future of the open internet. Gitcoin has created a community to support new Web3 platforms, including tools, technology, and networks to support open source sites. It also provides financing for some of the largest open spaces in real estate that could pose a challenge for secure financial growth. Likewise, major institutions such as Uniswap, Compound, and Aave have unique DAO features that allow community members to vote on how to allocate funds to pay developers to support long-term employment. Charitable DAOs are still emerging today, where the goal of gender reform has been achieved. For example, Dream DAO raises funds by announcing NFTs, then allows NFT insurers to allocate that money for purposes (such as funding public leaders).

Collector's DAO

I think the NFT doesn't know anyone. With the entry of NFTs into the mainstream, written DAOs appeared intended to write NFTs. The role of Team Curator is to create sustainable value for NFTs by integrating artists, platforms and specialized entities.

The first states that Pleasr DAO and Flamingo are both good examples of DAOs providing capital, deciding to invest together, and distributing profits based on the value of their capital. Flamingo is a financial sharing (DeFi) platform based on the Neo blockchain and Poly Network interoperability protocol. It integrates multiple DeFi applications into a single ecosystem: cross-blockchain asset gateways (wrappers), intra-blockchain liquidity pools (swps), blockchain asset libraries, perpetual trading platforms (perp), and decentralized governance organizations ( CAD).

DAO Protocol

The rise of the Ethereum smart contract in 2018 led to an explosion of many new crypto assets and processes. At the time, developers were developing systems (such as Uniswap, Compound, and Aave) that allowed people to swap and borrow assets. However, these processes were designed to be fair, and how to control growth and policy change has become a difficult question over time.

The DAO policy emerged as a way for users to have a culture of managing future development, rather than entrusting every decision to the development team. In general, the method gives users the right to vote by publishing policies according to their uses and services. Each user can announce the development process and token holders can vote on whether the developer should comply with the request. More tokens = more energy to vote.

For example, Uniswap token holders are now voted on Layer 2, where tokens must be submitted. Token holders can also design and vote on everything from startups to Uniswap to managing its $2 billion budget.

So far, the standard DAOs with the biggest AUMs are Uniswap, Sushiswapo, Lido, Radicle, Compound, Olympus, and Aave.

DAO de service

Service DAOs are like some of the organizations with online capabilities that bring people from all over the world to develop products and services. Customers can give special bonuses for certain activities, and at the end of the tasks, they have to pay before giving gifts to the participant. A portion of the fee goes to DAO funds, and most participants also receive DAO management tokens.

Most early service DAOs, such as DxDAO and Raid Guild, focused on bringing technology together to create a complete ecosystem, and their clients include cryptographic operations or processes that require software development, graphic design and marketing.

PartyDAO is also one of the best service providers for DAOs and is the management organization responsible for product design and delivery. PartyDAO was originally designed to create PartyBid, the first product developed by PartyDAO. DAO Services are transforming the way people work, empowering professionals around the world to work at their own pace and take control of DAO.

DAO sociale

Social DAOs are designed to bring like-minded people together in an online community and manage them around tokens. Radicle, a distributed network, is a perfect example. The goal of this project is to create a harmonious environment for open communities that are safe, independent, and complete through open processes, not just platforms.

The same goes for Friends with Services Pro and Friends with Benefits DAO, who see themselves as the collection of special people driving the future. It focuses solely on community fundraising for expansion projects. By setting up a token environment, members can create useful communities, such as sharing views, discussions, etc.

Some other DAO relationships use NFTs as a way to open up community access. For example, having a Bored Ape Yacht Club unlocks access to Discord, Events, Airdrops, and Bored Ape Yacht Club merchandise. In this regard, the visible benefit to the community is the driver of NFT's value. Social DAO is still in its infancy and it will take some time to figure out which models work and which don't. However, the rapid growth of these communities shows that they represent a strong new organization.

Average DAO (average DAO)

Media DAOs aim to improve the way content is created, consumers interact with media and do not rely on the financial model, these DAOs use incentives to support manufacturers and consumers.

The idea of ​​decentralized media dates back to the "Let's Talk Bitcoin" podcast from 2013, but let's take the popular Bankless DAO project from 2021 as an example. Bankless DAO is a decentralized community for collaboration and dissemination of media, culture and education without a bank. Its goal is to drive adoption and awareness of real-money creators such as Ethereum, DeFi, and BTC by using community partnerships to achieve this goal.

In the past, Bankless bundled airdropped BANK tokens for readers. Readers can also contribute to Bankless by writing articles, research, graphic design, translations, business services and earning more BANK by voting for these important programs. At a time when many believe that current media models based on ad revenue are gone, Media DAO has another way to cater to the tastes of readers, developers, and advertisers.