--- tags: rangers --- # Yeeter tweet thread #2 ## Main thread 👅,👅 🆈🅴🅴🆃🅴🆁 is a new crowdfunding primitive It simultaneously... A) collects funds into a treasury for the project to spend, and B) maintains funders' custody over their contributions This was impossible before Yeeter, and it changes the game Why? How? Read on 👇 [...] First, we're celebrating this new primitive with some good old dogfood 🐶 A Yeeter for the Yeeter platform itself! Give it a spin by sending in some xDAI to join the Yeeter DAO🤑 You can always withdraw your funds later if you change your mind https://yeet.daohaus.club/dao/0x64/0x84be703b54909c15eb92dbe129f45ef308401e10 [...] Now back to WHY Most web3 crowdfunding today looks like this: - Funders send money to a multisig controlled by the project team - The project team then spends the funds from the multisig to advance the project The funders have no real control over how the funds are spent 🤷‍♂️ [...] Even if funders receive a governance token in return, they typically can only signal (but not actually control!) how they want the funds to be spent Ultimately, funders are left to trust that the project team will spend the funds wisely 😬 [...] Yeeter changes crowdfunding to look like this: - Funders send money to a DAO treasury and receive non-voting shares - The project team has voting shares, and makes proposals to spend the funds from the treasury - Funders can withdraw their funds if they don't like a proposal [...] Did you see that? 👀 In Yeeter fundraising, funders retain full custody of their money! This creates super strong protections for funders against project team fraud, theft, and incompetence 🔒 [...] Yeeter is fantastic for funders, and its pretty awesome for projects too Those funder protections massively lower the barrier to contributing, enabling projects to crowdfund much more than they could before 🤑 [...] That's not all Under the hood, Yeeter uses a Moloch DAO to manage the crowdfunded treasury This is where the proposals are made and how funders can withdraw their contributions (via ragequit) But it also gives a crowdfunded project a built-in coordination mechanism ⚙️ [...] Yeeter crowdfunds are more than trust-minimized crowdfunds They are also an easy way to bootstrap a purpose-driven community DAO...a DAO that comes with all the incredible @nowdaoit tools for coordination [...] So what are you waiting for? Come test out this brand new primitive -- Yeet with confidence! 👅,👅 https://yeet.daohaus.club/dao/0x64/0x84be703b54909c15eb92dbe129f45ef308401e10 ## Follow-up quote tweet w/ Raid Guild integration *QT the second tweet with the following:* Our inaugural Yeeter is a collaboration with @RaidGuild It has elements of a #CCO: In addition to non-voting shares in the Yeeter DAO (ie non-custodial control over your funds), you'll also get $RAID tokens and a @poapxyz as a reward for participating *Second Tweet* - Tues afternoon Looking to support @RaidGuild, test the @nowdaoit Yeeter, and grab some $Raid and a @poapxyz --> Yeet here: https://yeet.daohaus.club/dao/0x64/0x84be703b54909c15eb92dbe129f45ef308401e10 > To the yeeter go the spoils > > 🏰 $HAUS from @nowdaoit > ⚔️ $RAID from @RaidGuild > 🛡️ NFT from @poapxyz Send xDai to shape the future of fundraising: https://yeet.daohaus.club/dao/0x64/0x84be703b54909c15eb92dbe129f45ef308401e10 *Third Tweet* - Wed morning Ready to Yeet? You can support @RaidGuild refining the Yeeter by yeeting here: https://yeet.daohaus.club/dao/0x64/0x84be703b54909c15eb92dbe129f45ef308401e10 Yeet pioneers get $Raid and a POAP. *Fourth Tweet* - Wed evening Our first Yeeter for @poapxyz has already collected [amount]. > The Yeeter (👅,👅) Y33T is so meta 🤯 Help us taste the dogfood 🐶 Contribute as we raise funds and bootstrap a DAO at the speed of @gnosischain 🦉https://yeet.daohaus.club/dao/0x64/0x84be703b54909c15eb92dbe129f45ef308401e10 Don't miss your chance to be a yeetsplorer to get $RAID and a @poapxyz commemorating this special occasion. Yeeting ends tomorrow at noon ET. ## Other @ Mentions - How Voltron would it be to combine @gitcoin quadratic funding with...? - @Givethio - @juiceboxETH