Starting a DAO is as easy as this. - YOTD #07

A look at how DAODAO will overhaul the current DAO tooling landscape.

Year of the DAO is a newsletter from DAODAO exploring the newest developments and diving deep into the world of DAOs.

There has never been a better time to start a DAO.

But where would you even begin?

Current DAO tooling is fractured and complicated.

Luckily, DAODAO fixes this.

The current DAO ecosystem has nearly $10 Billion in total treasury value and 1.7 million governance token holders.

c/o DeepDAO

DAOs are thriving.

But in order for DAOs to operate effectively, there are countless tools that need to be utilized.

Here is a look at the current DAO tooling landscape.

c/o Nichanan Kesonpat

Let's break down each aspect of a DAO and what tools are required in more detail.

Initial Setup

To get your DAO up and running, you need a set of tools to set the foundation of your DAO.

A few options include:

• Colony

• Aragon

• Syndicate

• Orca Protocol

Governance & Voting

A key feature of DAOs is the transparency of decision-making and governance.

In order to accomplish this, voting must take place on-chain.

On-chain governance can be complex, so there are multiple tools that are used to manage community participation and voting.

Here are the most popular:

• Tally

• Snapshot

• Boardroom

Token Trading

To join a DAO you need to hold the governance token.

For most DAOs, you can acquire the token on major decentralized exchanges (DEXs).

Some of the most popular DEXs are:

• Uniswap

• Sushiswap

• Pancakeswap

Treasury Management

A DAO's treasury is what powers the entire organization.

Similar to governance, treasury management needs to be transparent and collaborative.

In order to accomplish this, most DAOs use the following tools:

• Llama

• Juicebox

• Gnosis Safe

Compensation

DAO members need to be compensated for their contributions.

But how can this be accomplished in a decentralized manner?

With the help of these tools:

• Superfluid

• Sourcecred

• Coordinape

Communication

DAO members can be located all around the world so there is a need for easy-to-use communication platforms.

Here are the most popular:

• Twitter

• Discord

• Telegram

Gated Access

DAO members need a platform to interact with each other and collaborate in an environment where interests are aligned.

Here are the top tools to enable gated access:

• Grape

• Guild XYZ

• Collab Land

For those keeping track, that is 22 different tools DAOs need in order to operate.

Even if a DAO only utilizes half of these tools, that is 11 different products DAO members must track and manage.

That many products and tools increase the margin for error and create a massive reliance on third-party applications.

If one of the 22 tools goes down, a DAO is at risk of not being able to operate.

If only there was one platform that could do it all...

With DAODAO, you can manage every aspect of your DAO in one place.

• Initial Setup

• Gated Access

• Token Trading

• Compensation

• Communication

• Governance & Voting

• Treasury Management

All on one platform, DAODAO.

Never before has this been possible.

But DAODAO is the first platform that makes creating a DAO as easy as setting up a social media account.

Join the movement at daodao.io and discover the new kind of crypto platform.

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Thank you for reading this breakdown on DAO tooling.

If you enjoyed this issue, make sure to check out our thread on Social Impact DAOs!

(DAO,DAO) @daodao_io

DAOs are more than just Web3 organizations. They are the vehicle for those changing the world for the better. A deep dive into Social Impact DAOs. 🧵