Scaling Crypto Networks: NFTs beyond PFPs
TL;DR The typical talking points on the “metaverse” may be misguided: crypto culture will permeate IRL similar to social media’s impact on consumer/retail in the 2010’s. History, however, does not repeat itself, but it rhymes. NFT PFPs are an enthusiast consumer use case that are bootstrapping a decentralized crypto ecosystem. Faith in networks, trustless architecture, and mechanism design > faith in centralized intermediaries. This year’s set of spectacular crypto failures may have been avoi...
Scaling Crypto Networks: NFTs beyond PFPs
TL;DR The typical talking points on the “metaverse” may be misguided: crypto culture will permeate IRL similar to social media’s impact on consumer/retail in the 2010’s. History, however, does not repeat itself, but it rhymes. NFT PFPs are an enthusiast consumer use case that are bootstrapping a decentralized crypto ecosystem. Faith in networks, trustless architecture, and mechanism design > faith in centralized intermediaries. This year’s set of spectacular crypto failures may have been avoi...
Bear market survival in web3: Podcast Interview with theaccountantquits.eth / Request Finance
Reposted via theaccountantquits.eth Crypto is subject to high volatility and even large market cap protocols are not immune to over 75% pricing drops. The majority of a web3 project or DAO’s treasury is typically held in their native governance token and turbulent market conditions amplifies the need for good treasury management. One that does not jeopardize the viability of the project and reassures the community on its financial health. To discuss operating in a bear market including surviv...
Bear market survival in web3: Podcast Interview with theaccountantquits.eth / Request Finance
Reposted via theaccountantquits.eth Crypto is subject to high volatility and even large market cap protocols are not immune to over 75% pricing drops. The majority of a web3 project or DAO’s treasury is typically held in their native governance token and turbulent market conditions amplifies the need for good treasury management. One that does not jeopardize the viability of the project and reassures the community on its financial health. To discuss operating in a bear market including surviv...
Investment DAOs: Diving Deeper into Progressive Decentralization
TL;DR Two years since Jesse Walden from a16z published Progressive Decentralization: A Playbook for Building Crypto Applications, decentralized communities not only built Web3 software applications, but are now investing capital and contributing labor in exchange for ownership. Decentralized capital allocation and perfecting associated governance practices scale investment DAOs and improve decision making, leading to higher returns. As ideas become proposals, which successfully become investm...
Investment DAOs: Diving Deeper into Progressive Decentralization
TL;DR Two years since Jesse Walden from a16z published Progressive Decentralization: A Playbook for Building Crypto Applications, decentralized communities not only built Web3 software applications, but are now investing capital and contributing labor in exchange for ownership. Decentralized capital allocation and perfecting associated governance practices scale investment DAOs and improve decision making, leading to higher returns. As ideas become proposals, which successfully become investm...
How to write a great Treasury Management diversification proposal (featuring BitDAO, Uniswap, FWB, Gnosis, Agave DAOs)
TL;DRPlaying offense by chasing FOMO-driven upside investments is never prudent. Especially in today’s bear market, defensive diversification ensures survival. Great treasury management proposals inspire a community to realize its vision, not promote a financial transaction. This post examines proposals from BitDAO, Uniswap, FWB, and others that achieve this.I include a summarized framework and treasury diversification proposal template to streamline governance initiatives. Framing Treasury m...
How to write a great Treasury Management diversification proposal (featuring BitDAO, Uniswap, FWB, Gnosis, Agave DAOs)
TL;DRPlaying offense by chasing FOMO-driven upside investments is never prudent. Especially in today’s bear market, defensive diversification ensures survival. Great treasury management proposals inspire a community to realize its vision, not promote a financial transaction. This post examines proposals from BitDAO, Uniswap, FWB, and others that achieve this.I include a summarized framework and treasury diversification proposal template to streamline governance initiatives. Framing Treasury m...
Financial Reporting for DAOs 101: Template and Model
TL;DROpen standards for DAO financial reporting and benchmarks accelerates decentralization.Web3 enables more transparency into financial reporting for engineers, community builders, and users, but should not be a time-hassle.Upcoming DAO infrastructure, tooling and benchmarks will simplify operations and highlight performance.I have included a financial reporting package template to get started, and example financials.Why should anyone care about DAO financial reporting? According to DeepDAO...
Financial Reporting for DAOs 101: Template and Model
TL;DROpen standards for DAO financial reporting and benchmarks accelerates decentralization.Web3 enables more transparency into financial reporting for engineers, community builders, and users, but should not be a time-hassle.Upcoming DAO infrastructure, tooling and benchmarks will simplify operations and highlight performance.I have included a financial reporting package template to get started, and example financials.Why should anyone care about DAO financial reporting? According to DeepDAO...
