An overview of the DAO Infrastructure Track's current status, development, and hot project analysis

Jiawei

2022-03-03 10:00

Read this article in 9 Minutes

For the uncentered or weakly centered DAO structure, there is a problem of inefficient operation, so some tools are urgently needed to assist.

原文标题：《一文概览 DAO 基础设施项目》

Original article by Jiawei (Twitter: @ Elegy4TheArctic)

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Recently, many DAO organizations of different sizes have emerged, including ConstitutionDAO and AssangeDAO. Some non-profit organizations, game associations and DeFi governance all have DAO behind them.

For the uncentered or weakly centered DAO structure, there are more or less inefficient operation problems, so there is an urgent need for some tools to assist.

In addition to centralized collaboration tools such as Notion and Google Doc, there are also some decentralized components such as Collab Land, Gnosis Safe and Snapshot, but the puzzle of tools is somewhat fragmented.

Can you provide a dedicated, integrated, one-step infrastructure for the DAO? There are already several teams working on collaboration tools specifically designed for the DAO, and they have received funding from head agencies since the New Year.

(DAO Tools, such as MEE6 and POAP, are beyond the scope of this article and can be viewed here)

SuperDAO

Designed to create an all-in-one platform for DAOs, SuperDAO was founded last October by a remote team of more than 30 people based in San Francisco.

SuperDAO provides multi-chain support including Ethereum, Polygon, Solana, Near, and Algorand. At present, SuperDAO is still in the testing stage and needs to be applied for trial use. There is no perfect project document for the time being. But as you can see in the pictures on its website, the Dashboard integrates member management, Treasury management, and proposal management. (A few other demo sketches are provided here, including mission Kanban, NFT, token airdrop tool, etc.)

Within 24 hours of SuperDAO opening applications, more than 500 organizations submitted trial applications.

On January 26, Superdao announced it had closed a $10.5 million seed round at a valuation of $160 million. The round was led by Signal Fire, with participation from Fundamental Labs, AllianceDAO, Pear VC, DIGITAL, Shima Capital and others. Product leaders from Coinbase, OpenSea, Rainbow, Kraken, and Telegram also joined the round.

Squads Protocol

On Solana, the DAO infrastructure Squads Protocol has started its main network. Squads is designed to help Web3 native teams organize and complete on-chain decisions and manage digital assets.

Squads supports the creation of two modes:

Multisig is a multi-signature wallet that functions the same as Gnosis Safe, requiring multiple signatures to confirm a transaction; Teams offers tokenless on-chain membership, as well as member-weighted on-chain voting.

Each mode has a built-in vault that allows deposit and sending FT and NFT.

Squads has partnered with Raydium to integrate Raydium's liquidity pool into Vault, allowing users to exchange more than 600 tokens directly on Vault after a DAO proposal has been passed or multiple signatures have been confirmed.

Next, Squads will also roll out built-in chat integration, pledge and structured products, as well as some compliance components.

In late February, Squads announced a $5 million strategic funding round led by Multicoin Capital, Jump Capital, Delphi Digital, Collab + Currency, SeedClub Ventures, Volt Capital, etc.

Bribe Protocol

Different from the above two projects, Bribe is a DAO infrastructure with DeFi attributes and specific functions.

It introduces the concept of Voter Extractable Value (VEV), whereby holders of DAO governance tokens can pledge these tokens in the pool and "rent out" their voting rights. It is similar to "bribery" in the election, which may be the reason why the project is called Bribe.

For the holder of governance token, if he is not interested in the proposal, he can pledge the token in the Bribe to obtain income. For community members with an interest in a proposal, this portion of the token can be rented to vote without having to hold a large position in the token. However, the influence of this "vote buying" approach on DAO governance may still be open to debate.

Bribe only supports THE DAO governance of Aave, and other protocols will be added later. Currently, there are $5.4 million in total lock-up volume on Aave, which translates to an APR of 48.41%.

January 13 this year, DeFi governance platform Bribe announced the completion of $4 million seed round financing, this round of financing led by Spartan Group, Dragonfly, Hypersphere, Fundamental Labs, IOSG, Fenbushi Capital, Rarestone Capital, GravityX, Shima Capital, Figment, etc.