Photo by Matt Artz on UnsplashIn part 8, let’s discuss Barriers to Entry in DAO. TL;DR I show 4 different categories of DAOs and each DAO with their level of Barriers of Entry. Why Barriers to EntryTo design your DAO, you have to think about what goal your DAO wants to accomplish. There are 4 general categories to reach the goal through building a DAO: product, project, service, and mission. From these 4 general categories, one can decide barriers of entry to tailor down into DAOs. Product Yo...

Photo by Matt Artz on UnsplashIn part 8, let’s discuss Barriers to Entry in DAO. TL;DR I show 4 different categories of DAOs and each DAO with their level of Barriers of Entry. Why Barriers to EntryTo design your DAO, you have to think about what goal your DAO wants to accomplish. There are 4 general categories to reach the goal through building a DAO: product, project, service, and mission. From these 4 general categories, one can decide barriers of entry to tailor down into DAOs. Product Yo...

Photo by Kelly Sikkema on UnsplashLet’s learn Defi together! I researched online and with my understanding about Defi. I put all the resources I gathered and made a Defi Guide in Notion page here. I shared my Defi cheat sheet here with you. TL;DR I layout questions: What is Defi? Why Defi? What are the risks of Defi? What is Defi? Defi or Decentralized Finance is a peer-to-peer financial system built on the Ethereum blockchain. It does not need third parties involvement like banks to charge s...

Photo by Kelly Sikkema on UnsplashLet’s learn Defi together! I researched online and with my understanding about Defi. I put all the resources I gathered and made a Defi Guide in Notion page here. I shared my Defi cheat sheet here with you. TL;DR I layout questions: What is Defi? Why Defi? What are the risks of Defi? What is Defi? Defi or Decentralized Finance is a peer-to-peer financial system built on the Ethereum blockchain. It does not need third parties involvement like banks to charge s...

Photo by Etienne Martin on UnsplashHere is part 4 of the Defi guide and you can reference the detail here. TL;DR What is TradFi or CeFi Problem of TradFi Traditional Finance Vehicles Stock Stock is rigged Bonds Bond is rigged Mutual Funds/Index Funds/ETF Mutual fund is rigged Index fund is rigged Bank Products Savings Accounts/Money Market Accounts/Certificates of Deposit (CDs)/Federal Insurance What is TradFi or CeFi TradFi or Traditional Finance or CeFi or Centralized Finance is retail bank...

Photo by Etienne Martin on UnsplashHere is part 4 of the Defi guide and you can reference the detail here. TL;DR What is TradFi or CeFi Problem of TradFi Traditional Finance Vehicles Stock Stock is rigged Bonds Bond is rigged Mutual Funds/Index Funds/ETF Mutual fund is rigged Index fund is rigged Bank Products Savings Accounts/Money Market Accounts/Certificates of Deposit (CDs)/Federal Insurance What is TradFi or CeFi TradFi or Traditional Finance or CeFi or Centralized Finance is retail bank...

Photo by Michael Dziedzic on UnsplashLet’s continue learning Defi in part 3 and also reference my Notion page here for more details. TL;DR One of the most popular blockchain applications is the cryptocurrency Smart Contract Ether Gas Fee Ethereum Request for Comments (ERC) Oracles Stablecoins Decentralized Applications (Dapps) Decentralized Autonomous Organization (DAO) How DeFi provide service? One of the most popular blockchain applications is the cryptocurrency According to Eric Schmidt, t...

Photo by Michael Dziedzic on UnsplashLet’s continue learning Defi in part 3 and also reference my Notion page here for more details. TL;DR One of the most popular blockchain applications is the cryptocurrency Smart Contract Ether Gas Fee Ethereum Request for Comments (ERC) Oracles Stablecoins Decentralized Applications (Dapps) Decentralized Autonomous Organization (DAO) How DeFi provide service? One of the most popular blockchain applications is the cryptocurrency According to Eric Schmidt, t...

Photo by Jehyun Sung on UnsplashLet’s talk about leadership in DAOs. What leadership if you decentralized and led by no one? And how can you lead without a title or power that is pre-assigned to you? TL;DR Leadership is tricky and what decentralized leadership is like? Apart from centralized leadership that automatically grants you as a leader, decentralized leadership actually focuses on how to centralize people and gather them together to collaborate. Leadership DilemmaOne of the misconcept...

Photo by Jehyun Sung on UnsplashLet’s talk about leadership in DAOs. What leadership if you decentralized and led by no one? And how can you lead without a title or power that is pre-assigned to you? TL;DR Leadership is tricky and what decentralized leadership is like? Apart from centralized leadership that automatically grants you as a leader, decentralized leadership actually focuses on how to centralize people and gather them together to collaborate. Leadership DilemmaOne of the misconcept...

Photo by Cesar Carlevarino Aragon on UnsplashIn part 10, let’s talk about DAO toolings. TL;DR Tools are important but under or over tools are a disaster to DAOs. Your team will go through a process to filter the one you want to work on and add along with the one to increase its capacity. Work in AgileThe key difference between Agile and other delivery methods is that Agile is a trial and error process while rolling out products at the same time. The most effective team is a small team size th...

Photo by Cesar Carlevarino Aragon on UnsplashIn part 10, let’s talk about DAO toolings. TL;DR Tools are important but under or over tools are a disaster to DAOs. Your team will go through a process to filter the one you want to work on and add along with the one to increase its capacity. Work in AgileThe key difference between Agile and other delivery methods is that Agile is a trial and error process while rolling out products at the same time. The most effective team is a small team size th...

Photo by Dave Lowe on UnsplashLet’s continue learning Defi in part 2 and also reference my Notion page here. TL;DR Here is the layout: CeFi vs. DeFi How to determine Defi? DeFI Infrastructure Blockchain and Cryptocurrency Before Bitcoin (Pre-2008) Before Defi (Pre - 2013): Proof of Work (PoW) vs. Proof of Stake Defi (2013 - Present) CeFi vs. DeFi CeFi is permission, custodial, centralized trust and governance and requires real identity. DeFi is permissionless, non-custodial, decentralized tru...

Photo by Dave Lowe on UnsplashLet’s continue learning Defi in part 2 and also reference my Notion page here. TL;DR Here is the layout: CeFi vs. DeFi How to determine Defi? DeFI Infrastructure Blockchain and Cryptocurrency Before Bitcoin (Pre-2008) Before Defi (Pre - 2013): Proof of Work (PoW) vs. Proof of Stake Defi (2013 - Present) CeFi vs. DeFi CeFi is permission, custodial, centralized trust and governance and requires real identity. DeFi is permissionless, non-custodial, decentralized tru...

Photo by Erwan Hesry on UnsplashIn part 5, we will take a deep dive onboarding process for DAOs. The onboarding process is essential to DAOs, and it is the easiest way to go wrong. TL;DR Sharing 5 Dos and Don’ts to help the onboarding process through DAOs. It does not mean there are best practices, but they share some insight into building a sustainable DAO. Onboarding in DAO When new people come into your DAO, it is an opportunity for both sides to learn and understand each perspective and p...

Photo by Erwan Hesry on UnsplashIn part 5, we will take a deep dive onboarding process for DAOs. The onboarding process is essential to DAOs, and it is the easiest way to go wrong. TL;DR Sharing 5 Dos and Don’ts to help the onboarding process through DAOs. It does not mean there are best practices, but they share some insight into building a sustainable DAO. Onboarding in DAO When new people come into your DAO, it is an opportunity for both sides to learn and understand each perspective and p...

Photo by Volodymyr Hryshchenko on UnsplashDiscord is the main channel for Web3. Many people virtually hand out in Discord nowadays and chat through many channels. Scammers are also hidden there and wait for rug-pulling users. TL;DR I will show you 3 common Discord scams and how to avoid them. Common Scams There are 3 common scams in Discord. Ask for the invitation, Provide help, and Promote products. Ask for the InvitationIt is a common direct message received from an unknown person. They usu...

Photo by Volodymyr Hryshchenko on UnsplashDiscord is the main channel for Web3. Many people virtually hand out in Discord nowadays and chat through many channels. Scammers are also hidden there and wait for rug-pulling users. TL;DR I will show you 3 common Discord scams and how to avoid them. Common Scams There are 3 common scams in Discord. Ask for the invitation, Provide help, and Promote products. Ask for the InvitationIt is a common direct message received from an unknown person. They usu...

Photo by Markus Spiske on UnsplashHere is DAO part 6. I drove myself into the rabbit hole and DAO seems like a huge effort of building and designing from scratch of economy, work, team, technology, management, and many more. TL;DR There is more to learn than to execute in DAO. Compared to traditional corporations, DAO can improve and become its own type of corporation structure in the future. What to FocusDAO is not a solution for all. However, before you dive into DAO, you want to set a clea...

Photo by Markus Spiske on UnsplashHere is DAO part 6. I drove myself into the rabbit hole and DAO seems like a huge effort of building and designing from scratch of economy, work, team, technology, management, and many more. TL;DR There is more to learn than to execute in DAO. Compared to traditional corporations, DAO can improve and become its own type of corporation structure in the future. What to FocusDAO is not a solution for all. However, before you dive into DAO, you want to set a clea...

Photo by olieman.eth on UnsplashIn recent Defi DAO Wonderland collapsed due to 0xSifu who is the co-founder of QuadrigaCX Michael Patryn, a former expert on scamming people, while the founder Gerald Cotten died suddenly in 2018 and took investors’ $250M into his grave. How come a DAO becomes a scam and rug pull investors? TL;DR 0xSifu is an ex-criminal who ran a scam business and was sentenced to 18 months in federal prison for multiple counts of fraud. The verification process will have to b...

Photo by olieman.eth on UnsplashIn recent Defi DAO Wonderland collapsed due to 0xSifu who is the co-founder of QuadrigaCX Michael Patryn, a former expert on scamming people, while the founder Gerald Cotten died suddenly in 2018 and took investors’ $250M into his grave. How come a DAO becomes a scam and rug pull investors? TL;DR 0xSifu is an ex-criminal who ran a scam business and was sentenced to 18 months in federal prison for multiple counts of fraud. The verification process will have to b...

Photo by Mick Haupt on UnsplashLet’s talk about the framework of DAO particularly in the Constitution of DAO. Do we need a governing body for DAOs, what standard does a DAO need to comply to or do we not even need a standard for DAOs? TL;DR Three rules that DAO can follow and enforce to make its community operate more sustainable and resilient. Before the Constitution From Greek Mythology where rights were born to have, to Roman Empires where rights were conquered by military power to become ...

Photo by Mick Haupt on UnsplashLet’s talk about the framework of DAO particularly in the Constitution of DAO. Do we need a governing body for DAOs, what standard does a DAO need to comply to or do we not even need a standard for DAOs? TL;DR Three rules that DAO can follow and enforce to make its community operate more sustainable and resilient. Before the Constitution From Greek Mythology where rights were born to have, to Roman Empires where rights were conquered by military power to become ...