Crypto Good

Share this post

Top 5 Impact DAO Learnings

cryptogood.substack.com
Impact DAOs

Top 5 Impact DAO Learnings

5 insights into why and how of Impact DAOs from conversations with DAO founders

Deepa
Apr 30, 2022
2
Share
Share this post

Top 5 Impact DAO Learnings

cryptogood.substack.com

DAOs are an internet native way to organize around shared goals. I dedicated April to learn about purpose driven DAOs (Decentralized Autonomous Organizations) and interviewed many Impact Founders. Below are my learnings


Key learnings

1. Leaderless, bottom up, participatory, non hierarchical, democratic. DAOs values are inspired by the 2014 book Reinventing Organizations

2. Key drivers to use the DAO model is freedom from bureaucracy, redistribute and decentralize power, to organize globally and radical transparency.

3. Participation in a DAO is open to anyone and everyone. Contribute and earn tokens that lets you have a say over the matters of the DAO. You can earn tokens as a donor as in the case of Giveth, ImpactMarket DAO or BigGreen DAO. Big Green also allocates tokens to grantees and frontline community leaders giving them the decision making power. You can simply contribute your time and skills and earn tokens as in the case of Elimu.ai DAO. Some DAOs do not issue tokens like Ukraine DAO

Some Impact DAOs also list their tokens on Decentralized Exchanges (DEXs) to create micro economies. Some simply award tokens as a way of gratitude.

4. DAOs operations and communications are powered by tech infrastructure. Most commonly used tools are Discord for community and task management. Discourse for discussions, Notion for documentation, Twitter and Medium for communications. Aragon, Snapshot, Gardens for governance. Ethereum, Polygon, Celo for blockchain, Gnosis Safe for shared treasury.

5. Currently for mission driven DAOs that are purely internet native with no incorporation have limited real-world fundraising opportunities. They are cut off from traditional nonprofit funding systems and most crypto funding which is also designed for registered nonprofits.

So far I’ve seen DAOs being used for fund raising (UkraineDAO, Giveth), grant making (Big Green DAO), product creation (Elimu.ai DAO) community organization (All for Climate DAO), protocol DAO (Impact Market DAO).


References


My learnings are from conversations and study of some of the following Impact DAOs

Crypto Good
Elimu.ai: A Nonprofit DAO is Fixing Global Education
This article is part of the April series on exploring social impact DAOs (decentralized autonomous organizations) a new internet native way of organizing around causes…
Read more
a year ago · Deepa
Crypto Good
Green Nonprofits are Moving to Web3
Drawn by the web3 ethos of decentralization and open systems green nonprofits are moving to web3 using DAOs and governance tokens to decentralize power and build transparency. Below is a peek into two such DAOs Big Green DAO Kimbal Musk, the brother of Elon Musk launched Big Green DAO …
Read more
a year ago · Deepa
Crypto Good
Impact Market Founder on Decentralized Income Distribution to the World's Poorest
Just give them money, it’s the most effective research proven way to help people living in extreme poverty. GiveDirectly a US nonprofit has been doing just that by making direct cash transfers to people living in poverty for 10 years now. There is a new organization on the block that’s doing similar work but in a radically new way, achieving hyper scale…
Read more
a year ago · 2 likes · Deepa
Crypto Good
Deep Dive Into Ukraine DAO - A Model for Future Nonprofits
UkraineDAO is a decentralized software powered organization that came into being shortly after Russia attacked Ukraine. Their purpose is to raise funds for Ukrainians using web3 tech. In 5 days UkraineDAO raised $7M in crypto donations from 3000+ people on the internet. In fact Ukraine DAO is an organization that exi…
Read more
a year ago · Deepa
Crypto Good
Deep Dive Into Ukraine DAO - A Model for Future Nonprofits
UkraineDAO is a decentralized software powered organization that came into being shortly after Russia attacked Ukraine. Their purpose is to raise funds for Ukrainians using web3 tech. In 5 days UkraineDAO raised $7M in crypto donations from 3000+ people on the internet. In fact Ukraine DAO is an organization that exi…
Read more
a year ago · Deepa

Further Reading

A good Twitter thread on how to start a DAO

Twitter avatar for @0x_Lucas
Lucas 🔴_🔴 @0x_Lucas
How to launch a DAO in 5 steps 🧵
11:21 PM ∙ Dec 21, 2021
1,184Likes334Retweets

An excellent resource on Ukraine DAO’s learnings on building a DAO

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice.
2
Share
Share this post

Top 5 Impact DAO Learnings

cryptogood.substack.com
Comments
Top
New
Community

No posts

Ready for more?

© 2023 Crypto Changemakers
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing