# NFT DAO bound with Token Bound Accounts

By [Dekan](https://paragraph.com/@dekan) · 2023-06-14

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> Rage Jelly report for [https://daohaus.club/](https://daohaus.club/)
> 
> This is a repost from a hackmd published a month ago. Going to have some more about this idea and further exploration soon.

Summary
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MolochV3 style DAOs using NFT ownership as member criteria

Basically think of being able to interact with a DAO as a NFT, the NFT is the member account and the owner of the NFT can interact with the DAO just like if you were using a EOA or smart wallet. So imagine your favorite PFP as the actual member, if you transfer or sale the NFT, the membership goes to the new member.

This uses a new standard: ERC6551 (Token Bound Accounts), a bit of account abstraction magic that makes an NFT a smart wallet. Being a part of a standard means we may see support for the extra TBA features by markets and wallets in the future

### POC demo

[https://www.loom.com/share/371498f8d7254451a684d1d844aeca2d](https://www.loom.com/share/371498f8d7254451a684d1d844aeca2d)

### Wires

![](https://storage.googleapis.com/papyrus_images/4fa255396951593343da7bb150764cd9310a572f3eb5345276a3e5b50064bfeb.png)

notes:

*   non transferable shares become transferable (but in chunks). Because they are non transferable they are bound to the DAO at least until ragequit.
    
*   ragequit could automatically forward funds to the owner.
    
*   although bound to the DAO with shares the smart wallet would still work like normal. (unless logic was added to prevent some actions)
    
*   transferable shares - one interesting and potential problem with this is frontrunning transfers. if shares can be transferred right before a sale or something.
    

Front end considerations
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Current DAOhaus front end components are setup for EOA or Safe interactions. this would require a new model that probably displays the NFT image as the profile(although these NFTs could hold ens too). Also interacting with the DAO (proposal, voting, delegation, ragequit, etc) would require a wrapper to forwards calls through the proxy wallet. Wallet connect would probably work to route calls

Contracts
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any standard NFT works, even if it has already been deployed. In the POC a shaman mints a nft, registers it as a smart wallet and gets the new account address, then mints shares/loot to the new account.

Potential usecases
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*   NFT launch - boot strap a DAO with a NFT launch, DAO rights transfer
    
*   DAO roles - diffirentiate Roles, and special permissions in a DAO
    
*   Extended membership Logic - ragequit vesting, power vesting, decay, yeild...
    
*   Multi DAO profile - build a protocol polotician brand
    
*   Games - Profile breeding for more dao power, meow
    

Other trends
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along with erc6551 gnosis is coming out with Mech which is a similar idea but using zodiac safe modules as the smart wallet

links
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dev call [https://drive.google.com/file/d/1sm7iF5msH-3FWMFkNqrNuo4Mj9rFIXYr/view?usp=drivesdk](https://drive.google.com/file/d/1sm7iF5msH-3FWMFkNqrNuo4Mj9rFIXYr/view?usp=drivesdk)

tweet [https://twitter.com/DekanBro/status/1656356662582845442?s=20](https://twitter.com/DekanBro/status/1656356662582845442?s=20)

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*Originally published on [Dekan](https://paragraph.com/@dekan/nft-dao-bound-with-token-bound-accounts)*