Synthesis of DAO tools to create and operate autonomous organization

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2022-12-04 21:54:46

DAO tools (Dao tools) help users to initialize and operate a decentralized autonomous organization (KNIFE). In the context of centralized organizations facing many problems with transparency and abuse of power, more and more users want to establish or join a DAO that is suitable for them.

DAO tools are indispensable if you want to create and operate a DAO. The following article will list and classify DAO tools on the market today. Link of each project you can see more here.

Frameworks

There are many framework projects to help create and operate an on-chain DAO, including: Tally, Colony, DAOstack, Aragon, Syndicate, JigstackDAO, Idavoll.DAO, Upstream, and SuperDAO. However, each project will have different UI/UX experiences and features.

For example:

  • Tally has a safe guard that allows a group of token holders to undo (revoke) transaction if seeing the decision of multi-sig wallet (multi-signature) does not match.
  • Colony has a reputation system that helps to calculate member points, members can lose points if they make decisions that go against the common interests of the DAO.
framework
  • Moloch, the platform that helps create an on-chain DAO, recently launched the tribute DAO, a breakthrough DAO 2.0 version.
  • DAOHaus is a development platform from Moloch that helps create DAOs and allows connecting many different extensions to increase the experience in DAOs.
  • Metropolis is a project that helps create sub-DAOs – possibly part of a larger DAO. The above concept is similar to creating many small modules that can be flexibly connected to each other to achieve the highest efficiency.

Contribution/Reputation

  • Rabbit Hole is a project that allows users to receive token rewards and experience points (XP) for performing tasks on the platform.
  • GuildXYZ is a project that allows users to obtain membership certificates when performing tasks on the platform. When the task is completed, GuildXYZ will conduct verification and users can join places (Discord channel, telegram…) that require such certification.
  • Sourcecred is a tool (requires users with coding knowledge) to help the DAO evaluate and reward the value created. Simply put, if you do A, you will get X points, when you get enough points, you will be rewarded.
  • Govrn is a project similar to Sourcecread.
  • Coordinape is a project that helps evaluate and reward members who contribute as well as manage to see who creates the most value in the DAO.
  • Dework is a version of Trello that helps DAO members manage their work. The project integrates crypto payments, allowing contributors to be paid immediately after completing a work.
  • Notion is an application that helps members of the organization manage resources (documents, research, information sources…).
  • Charmverse is similar to Notion but integrates crypto payments, allowing contributors to be paid immediately after completing a task. Some projects that have the same model as Charmverse are: Wonder, Clarity.
  • Aikido is a project that allows anyone who wants to post jobs and related rewards. Those who complete the work can send and receive rewards.
  • Poap is a project that allows you to issue badges to prove your participation in an event.
  • 101 is a project that allows users to receive NFT rewards for taking courses and answering questions.
contribution reputation

Fund Raising

  • Gitcoin, the most successful fundraising platform today, allows users to safely contribute to the projects they love. Projects will receive money according to their support and reputation in the community.
  • There are also some other fundraising platforms such as Giveth, Juicebox Protocol, Questbook, DAO DAO, Station.
  • Unlock Protocol is a project that allows the creation of NFTs. Creators can raise funds from NFT or use them as community rewards. NFT holders can get incentives and participate in places that claim to own that NFT.
  • Mintgate is a project to help create websites quickly. Users can launch NFT collection to raise capital. NFT holders can get incentives and participate in places that claim to own that NFT.
  • Fairmint is a platform that allows projects to come up with ideas or details about a project plus a fundraising feature. The community can evaluate and comment on the project and, if it is appropriate, invest.
fundraising

Payment (Payment)

  • Sablier is a product that allows automatic deployment and execution of cash flows at the same time over time on-chain without the need for users to interact too much – called asset streaming for short. Money from the payer will be sent to the recipient every second, every minute… depending on the settings. This gives the recipient more flexibility in how the funds are used and helps reduce the burden of payments.
  • Similar projects to Sablier include Superfluid, an asset streaming project on Polygon; Streamflow, the project of asset streaming on Solana.
  • Drips is a project that automatically transfers money in pre-arranged ways. Users can set up so that when money from wallet A transfers to wallet B, wallet B can automatically split the received amount to send to wallet C, wallet D and the same with other wallets. Drips also allows the creation of NFT member collections for fundraising.
  • Parcel is a project that allows DAO members to apply for grants. If approved, the DAO will support and transfer the fee to the requester. Parcel has multi-send functionality for multiple members and other tools such as member spending limits and dashboards to track group activities.
  • Utopia Labs is a toolkit that allows the DAO to automatically pay members, while also allowing members to claim benefits in the DAO. Utopia Labs also assists in establishing the location of members of the organization and analyzing the spending of the DAO.
payment

Decision making

  • Gnosis Safe is a platform that provides multi-sig services, a basic example of multi-sig is when a group of 3 members decide to use funds, 2 members need to sign for this. Multi-sig is an important element in the decision-making of DAOs, as well as an important piece of the puzzle to protect fund assets from local attacks.
  • Snapshot is a platform that allows DAO members to make proposals, vote (vote) and discuss DAO-related proposals.
  • Some projects similar to Snapshot are Commonwealth, Boardroom.
  • Kleros is an on-chain dispute resolution platform.
  • Paladin is a marketplace that allows trading of voting rights. Users who stake tokens in Paladin will be able to lend to others to vote on DAO decisions.
  • Swae is an aggregator that makes the DAO’s decision-making process more accurate and faster.
decision making

Fund Management (Treasury Management)

  • Multis is a fund management project for DAO, members can request to use part of DAO’s funds.
  • Parcel is a project that allows DAO members to apply for grants. If approved, the DAO will support and transfer the fee to the requester. Parcel has multi-send functionality for multiple members and other tools such as member spending limits and dashboards to track group activities.
  • Utopia Labs is a toolkit that allows the DAO to automatically pay members while also allowing members to claim benefits within the DAO. Utopia Labs also assists in establishing the location of members of the organization and analyzing the spending of the DAO.
  • Coinshift is a fund management platform that allows assets to be sent to an address approved by the DAO. All transaction history will be stored and presented in an easy to understand and accessible manner on the Coinshift dashboard.
  • Liquifi is a project that helps to set options related to token payment (allocation of tokens to addresses, token payment schedule, token payment method…)
  • Hedgey is a platform that supports the exchange of tokens between DAOs (DAO to DAO swap). Hedgey also supports settings related to token payments.
  • Enzyme Finance is an on-chain asset management project, suitable for the DAO model because it simplifies the investment process of the DAO. With each change of investment strategy (today lending on Aave, the next day providing liquidity on Uniswap…), the investment manager does not need to create a new proposal but can do it all on Enzyme Finance. Transaction history and performance will be clearly presented and anyone can monitor through the dashboard.
treasury management

Analytics (Analytics)

  • Mazury is a tool to evaluate Ethereum users according to predefined criteria. DAOs can look up or integrate Mazury data to recruit the right candidates for the organization.
  • Deepdao is a browser that helps analyze DAO projects. The browser will aggregate new DAOs, baseline parameters, and DAO discussions and recommendations.
  • Sobol is a tool to help draw community maps. The interactions in the community or between members of the organization will be visually depicted, helping others to grasp the general situation quickly. Sobol is well suited for large communities and organizations with many members.
  • Openorgs.info is a website that aggregates information about the project’s reserve funds. We can know the fund size of a project and the amount of funds that can be deployed at the present time.
  • Beyond is a tool to help analyze the community. The project will rank members from most active to least active, and may add other evaluation criteria depending on the needs of the DAO.
analytics

Discussion (Discussion)

  • Telegram is a messaging application that emphasizes security. It is one of the 5 most downloaded apps in the world with over 700 million regular users and is very popular with the crypto community.
  • Discord is an application that allows anyone to create servers and customize them to their liking. This helps create a space for members with common interests and goals to exchange and share with each other. Discord is extremely suitable for projects and DAOs that want to gather their members.
  • Twitter is a social network where users can follow their favorite content and share their status. Twitter is favored by the crypto community and they call themselves CT (Crypto Twitter).
  • Besides the above applications, there are also many other applications that help users discuss with each other such as the recently emerging Lens ecosystem or Rocketchat… However, most users still prefer three main platforms: Telegram, Discord and Twitter.
discussion

Identity

  • Ethereum Name Service is a project that provides .ETH domains to users. Owning a .ETH domain name simplifies the identification process compared to using a wallet address consisting of a random sequence of numbers.
  • Proof of Humanity is a project to help verify identity to limit the possibility of being hacked Sybil Attack.
  • Bright ID is the platform that creates the user identity network. Users will have to scan each other’s QR codes for verification.
identity

Other (Others)

  • Convise is a tool to help issue and distribute tokens. Users can also create NFTs to raise capital from community members.
  • Roll is a project that allows issuing, selling and staking tokens.
  • Collab Land and Grape Protocol are tools that help the project verify if a user is eligible to join the project.
  • Push Protocol is a project that provides notification and messaging services for dapps and wallets. This tool is very useful for on-chain activities, for example notifications will be sent when there is a new proposal from the DAO or there is a change in the on-chain investment position of the DAO.
others

Conclusion

More and more tools are being developed to initialize and operate a DAO. Using the right tools will help DAOs become transparent and accessible, thereby greatly boosting the spirit of dedication of members.

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