🫱🏻‍🫲🏾 DAOs

Decentralized autonomous organizations

Snapshot voting

snapshot.org

About

Overview

• Built by Snapshot Labs
• Off-chain and gasless voting
• Developed in part by the Balancer team
• Investors: Popular DAO Voting Platform Snapshot Labs Raises $4M by CoinDesk 2021-11-19

Community and support

• Twitter: @SnapshotLabs
• Discord: discord.com/invite/snapshot
• Updates: snapshot.mirror.xyz
• Documentation: docs.snapshot.org
• Query data
  • GraphQL API
  • hub.snapshot.org/graphql

Features

Voting types

• See Voting systems by Snapshot
• Single choice
• Approval
• Ranked choice
• Weighted
• Quadratic
  • Individual voters matter more than the individual's voting power.
  • Votes can be weighted across multiple choices.
  • The amount of votes counted for an individual are the square root of their voting credits.
    • E.g.
      • 4 voting credits = 2 votes
      • 16 voting credits = 4 votes
  • Relies on strong sybil resistance to ensure each individual is an actual person.
  • See Quadratic voting by Wikipedia

Voting validation

• Gate voting based on other verifications
• See Introducing: Voting Validation by Snapshot Labs 2022-11-25

Sub-spaces

• Create and link additional spaces for specific use cases.
• See docs.snapshot.org/spaces/sub-spaces

On-chain voting

• Powered by StarkNet
• See Introducing Snapshot X: our upcoming on-chain voting framework for trustless execution by Snapshot Labs 2022-01-17

Shielded voting

• Private voting
• Shielded voting demo
• See Shielded voting is live! by Snapshot Labs 2022-10-13

Opportunities

Time power voting

• Reduce the entity token voting power as time elapses.
• This potentially reduces large entities from voting at the very end of an election to attempt to influence the outcome.
• Sub-strategy that can be applied on top of an existing voting strategy
• E.g. Day 0 the entity has 100% voting power, day 14 they have 80% of the voting power
• See @adamshurwitz Tweet 2023-07-05

Change fees

• Reduce the entity token voting power when a vote is changed.
• This potentially reduces large entities from voting deceptively by changing their vote multiple times.
• Sub-strategy that can be applied on top of an existing voting strategy
• E.g. Reduce voting power by 15% each time the vote is changed.
• See @adamshurwitz Tweet 2023-07-05

Collab.Land

collab.land

About

• Community management tools
• E.g. User verification and token gating on Discord and Telegram

Research

• The State of DAOs 2023 by Web3 Citizen Guide

Related organization types

Swiss non-profit

• See hackmd.io/@openinfo/swiss-non-profit

Distributed collective (DISCO)

• Similar to a cooperative organization
• See Chris Castig - Co-Founder at Console by GRTiQ podcast 2022-10-14

Colorado co-op

• Adopted by Opolis
• Benefits
  • Limited liability
  • Securities exemption
  • Investor class rights
  • No industry restrictions
• Resources
  • Employment Commons with John Paller of Opolis | Green Pill #52 (36:00) by Green Pill podcast 2022-10-12
  • co-oplaw.org: Colorado
  • DAO vs DISCO by @adamshurwitz Tweet 2022-10-15

Fear, uncertainty, and doubt (FUD)

Ooki/bZeroX

• Advertising "tokenized margin trading and lending services": docs.ooki.com
• Alleged claims by CFTC
  • Unincorporated partnership
  • Unregistered futures commission merchant (FCM)
  • Not decentralized: bZeroX and Ooki DAO are essentially the same organization
• Resources
  • CFTC Wins Lawsuit Against Ooki DAO by CoinDesk 2023-06-12
  • Interpreting the CFTC’s Lawsuit Against Ooki DAO by CoinDesk 2022-09-27
  • CFTC’s Ooki DAO Action Shatters Illusion of Regulator-Proof Protocol by Coindesk 2022-09-26

This information is not legal, financial, or technical advice. Always consult a relevant professional and do your own research.