How to bake your own DAO at home — With just 5 ingredients!

Cointelegraph

Published Aug 09, 2022 09:46AM ET

Updated Aug 10, 2022 10:20AM ET

Decentralized autonomous organizations come in all sizes and flavors. Some can seem sweet; others turn sour. It can be fun and interesting to create one that suits your needs and satisfies your hunger for something new.

We talk to the master chefs Noam Hof of DeepDAO, Stru Delman of Aragon, and Fabien of Snapshot who are mixing up new and exciting recipes for participatory goodness that you can bake at home.

You can bake your own DAO at home using this simple recipe.
h4 /h4 h4 Just five ingredients:/h4
  1. Establish a common goal, mission or objective.
  2. Build a community of like-minded people using Discord or Telegram.
  3. Create a shared fund to finance your goal.
  4. Construct a governance framework.
  5. Communicate to the group how the project is developing and disburse rewards as appropriate to contributors.
h5
Protocol DAOs/h5 h5
Philanthropy DAOs/h5
Big Green DAO is a philanthropy-minded DAO.
h5 Collector DAOs /h5 h5
Investment DAOs/h5 h5 Grants DAOs/h5
  1. Planning
  2. Drafting and programming smart contracts, wallets and tokens
  3. Establishing an initial community
  4. Reaching out to new participants
  5. Development and change.
Youll need some tools for the job. No, we dont mean in Discord.
h4 /h4 h4 The tools you will need:/h4 h4 Step 1: Lightly toast governance/h4 h4 Step 2: Stir in some expertise/h4
Mixing in some expertise often makes all the difference.
h4 Step 3: Heat up the stakes/h4 h4 Step 4: Mix and match voting methods/h4
There are online tools to help you bake your own DAO.
h4 Step 5: Bake it, then the DAOs ready for public consumption/h4 h4 Recipe note:/h4
Once the cake has been baked, you can choose to hand it over to the people who helped create it.
h4 To serve: Cut the cake and pass it around/h4
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