In this episode of Ventures, my guests Alex Zub (https://twitter.com/theAlexZub), Spencer Graham (https://twitter.com/spengrah), and I talk about the details of day-to-day “DAO life” on DAOHaus (https://daohaus.club/). We talk specifically about how Raid Guild (https://www.raidguild.org/) – a services DAO – manages proposals, escrow, billing, and bridges to the traditional finance system. We also talk about short-term and long-term financial incentives for DAO founders/participants, how DAOs can quickly raise funds and manage risk/assurance/trust, and how newcomers to DAOs can/should think about how to participate to create maximum value for themselves and their communities.
Visit https://satchel.works/@wclittle/ventures-episode-80 for detailed notes and links to resources (videos, articles, etc…) mentioned.
You can also listen to this episode anywhere you get your podcasts (search for “Ventures”).
2:38 – Background and tee-up for the conversation; Alex has a bunch of questions about Raid Guild and we figured we’d record it for everyone’s benefit.
3:20 – Alex intro / background (full-stack engineer, turned management)
5:50 – Spencer’s description: “What is a DAO?” (From “group chat w/ a bank account” to more) – plus, information about how Raid Guild splits their revenue (90% to team, 10% to treasury)
11:08 – Is there a founder of Raid Guild? How did the letting go of control happen? How did Raid Guild Start?
13:04 – Showing the dashboard of the Raid Guild DAO on DAOHaus
14:49 – When someone new joins, does that create new shares?
16:30 – Seeing the list of members in Raid Guild
17:10 – Founders have around 10% or less in governance power.
17:30 – Is there such a thing as a partial rage quit? (i.e. sell part of his shares).
18:14 – What are all the types of proposals that people can propose in DAOHaus DAOs?
20:50 – Smart escrow https://smartescrow.raidguild.org/
22:25 – How does a proposal outcome get enforced / QA control?
23:02 – Guild kick (booting someone out)
23:40 – Assurance for client and service provider via escrow-type services on-chain
24:12 – Smart invoice https://smartinvoice.xyz/
26:39 – Court on-chain (LexDAO, Kleros Court, etc..)
29:20 – How to deliver a project w/ scope in tranches using Smart Invoice
31:34 – Advantage of a service DAO, Raid Guild in particular – all co-owners are able to make their own decisions of what they work on.
33:35 – Long-term economic incentives for moloch-type DAO participants – is it possible to have shares go up in value down the road? What are the mechanisms by which people can sell their shares? (extolling the values of flexibility and malleability)
36:08 – Would selling these types of shares be “loot shares” vs. voting shares.
36:55 – What are loot shares?
37:29 – If a DAO decides to allow their shares to be transferable – the peg to a specific value would go away.
40:20 – Besides pegging a token to governance, what other types of tokens are there? https://satchel.works/@wclittle/a-primer-on-blockchains-protocols-and-token-sales (Utility token, work token, etc…)
42:45 – Yeeting (easy way to raise funds for a DAO) → https://twitter.com/nowdaoit/status/1483463413464502277
44:20 – Off-chain to on-chain bridging – web3 to traditional – does Raid Guild work w/ “off-chain” customers?
46:11 – Off-chain operations for raid guild via a standard reimbursement policy
47:00 – Where can people find Alex and Spencer to continue the conversation? https://twitter.com/theAlexZub & https://twitter.com/spengrah