Bankless DAO Weekly Rollup 23 | October 8
Catch up with what happened this week in the BanklessDAO.
Dear Bankless Nation,
Five months ago, Ryan and David lit a match and sparked a social movement. Today, we walk together on a journey of shared values and as a community driven to scale an impossible mission: to help onboard one billion people to the Bankless journey. We are the world's first media, education and culture DAO. We are settling, developing tools, and building a digital nation in the sky around a shared vision and goals. We have ambitious plans to grow, along with the economic resources to expand and make life inside the Bankless Nation better.
Today is the start of Season 2 and we are doubling down on building culture and lowering barriers to entry. The road ahead is long and there is a lot of work to be done, but we can be sure of one thing: BanklessDAO Builds!
This is the official newsletter of the Bankless DAO. If you were a Premium Member of the Bankless Newsletter as of May 1st 2021 you have been subscribed to this newsletter at launch. To unsubscribe edit your settings here.
UMA helps DAOs diversify their treasury and build community
BanklessDAO Weekly NFT Showcase 🔥
🧑🎨 Artist: Jonas Kasper Jensen
🏦 Auction Type: 1/1
💰 Price: 1 wETH
Internal as rooted in change // For the love of DEX and DAO
“Internal as rooted in change // For the love of DEX and DAO” is a sound-art video that consists of abstract shapes in motion and a drone-like sound. The shapes look like internal organs and are a visual depiction of the internal change that blockchain technology brings with it.
The disruptive nature of DEXs (decentralized exchanges) and DAOs (decentralized anonymous organizations) is reflected as the video and sound play, but the possibility of staying at the status quo is also reflected in the loopy nature of the piece.
🍁 Season 2 is LIVE!! Today is the day! The season 2 launch party took place on Twitter Spaces on 10/8/21 at 11am EST with around 500 guests. So many cool things are coming down the pipeline for Season 2! Get ready, we are on a wild ride! Here is a look at what to expect for Season 2 as we continue to build:
☯️ State of the DAOs #0 Launches: Get the TL;DR on the DAO ecosystem. This bi-weekly newsletter is an easy-to-digest deep-dive into all things DAO. What are DAOs? How do they operate? What makes them different from regular incorporated organizations? How can you work for a DAO? Check out the Beginner Friendly Events Calendar at the bottom for event highlights, jobs, and where you need to be! This is a massive source of Alpha! Big thanks to scottyk and the team for tons of work!
🐸 Be Collectively Intelligent! This is a great conversation with our very own frogmonkee and the host @joincolony. The discussion covered Season 1 at the BanklessDAO, decentralization vs. centralization and forms of governance. Listen, like and retweet to increase our collective intelligence.
This episode was recorded live at MCON in Denver, Colorado between September 15th and 17th. The recording comprises a series of vignettes with builders in attendance to learn a bit about them, their projects, and their experiences at the conference. The discussions were edited for clarity and brevity. Guests include @AragonProject, @harmonyprotocol, @nowdaoit, @Collab_Land_, and @TheMetaFactory.
👨🎤 DAOpunks Meme Contest: Make a viral meme that plays off the theme "Corporate Punk to DAOpunk". Post your meme on your Twitter account and tag @DAOpunksNFT to enter. The winner will be chosen on Friday, October 15 and will receive a free DAOpunk and the vanity role of @Meme Lord on the DAOpunks Discord server.
📊 Season 1 Growth and Engagement: The Analytics Guild put together a great slide deck for community growth and engagement for Season 1. Membership has spiked in September, with total membership rising from 5000 in June to over 9000 by the end of September. The DAO continues to work on methods to activate and retain new members, transitioning people from silent visitors to active contributors. Engaged members who become active contributors soon realize that the opportunities to earn BANK are plentiful! Check out the full presentation with data on rewards, governance participation, and our mission to be the most data-driven DAO around!
👋 New Members Welcome! If you are new to the DAO, welcome! This is the start of the journey of a lifetime and we look forward to working alongside you. We have ambitious growth plans, but we also have a lot of fun. Take some time to find your niche based on your skills and interests. Start small, join a meeting, and raise your hand for a project. Over time, you can collect bounties and earn your way towards membership. The only barrier to entry is your time and your willingness to contribute. Along the way, you can enjoy some of these excellent member benefits:
🏫 Bankless Academy is in Beta: Learn the easiest way to get into crypto with the Bankless Academy! Our Educational platform for all things in crypto and DeFi! The Bankless Academy has easy to digest content on the most important topics affecting you and your daily, crypto-verse life. Get early beta access by signing up for the email list in the link.
✍️ Contribute to the Writers Guild: If you are reading this newsletter and think that writing or editing content is a place you can contribute, head over to the #Writers-Start-Here channel in Discord! By interacting with the Emoji, you can join a team and will be notified for the activities of the Newsletter Team and/or EPA (Editor and Publishing Arm.) #WritersGuildwasFIRST!
🧘 Weekly Mental Health Support: The DAO is a big and stressful place at times! IRL things can also have many moving parts that can be overwhelming. Even the pros need to make good choices about their mental health. Join us weekly, on Wednesdays at 9:30am PDT in the #members-forum voice chat for all things health related. Mental, physical, and spiritual.
🧐 Knowledge Sessions: Defi & Tokemak on Tuesday, October 12 at 6pm EDT with IcedCool.
Introducing DEGEN, the Robotic Powerhouse to Power Up DAOs
Written by nonsensetwice
Popular parlance for getting work done is "The best tool for a job is the one in hand." It’s a great phrase to help motivate work, but it doesn’t fit in all cases. As another phrase goes, "If all you have is a hammer, everything looks like a nail."
You need the right tool for each job, and while DAOs have made use of a myriad of tools for their varied needs, few are made specifically for DAOs.
Enter the Swiss Army knife of DAO tooling: DEGEN.
DEGEN’s history is brief, but won’t be discussed here. You can read about it on Mirror. Rather, let’s dive right into what DEGEN has to offer. In its current inception, DEGEN has on hand a few, but rather powerful, tools.
The Bounty Board
DEGEN serves as the Discord-native implementation of the Bounty Board, making it possible for members to create, claim, and submit bounties on command, directly within Discord. Often, projects require work that lies outside the scope of their enlisted personnel. Utilizing the Bounty Board, teams can crowdsource this extraneous work and continue building with little to no disruption.
Soon, a new feature will surface to provide members the ability to scope out a project and find others who share their vision. Coupled with the Bounty Board, this will be a powerful toolset to empower members to contribute in whatever way they choose: Bounty Board for the freelance-minded or Scope Squad for the project-minded.
However, the POAP distribution feature is what draws most of the attention to DEGEN. This substantially simplifies the process of ensuring event attendees receive their POAPs in a timely manner. There is no need to setup events. There is no need to get creative in obfuscating the password so only attendees can claim POAPs. DEGEN will listen in on an event, whether it’s in a standard voice channel or on a stage, record the attendees, and upon ending the event, DEGEN will ask for the claim links and distribute them to all active attendees.
“I made a list. Give me your list and I’ll use both lists to send out the POAPs.”
Working in this manner, many pain points in POAP distribution are solved. No more password phishing in channels and no more stealing claim links from spreadsheets. It’s a simple implementation of a better system, enabling event organizers to feel more confident about distributing POAPs to legitimate attendees.
And we’re offering it to Discord communities in the Web3 space—DAOs, NFT communities, crypto protocols—for free. If you are interested in bringing DEGEN to your community, please take a moment to fill out this form.
The POAP distribution feature is pretty cool, but pales in comparison to what else is offered. As more communities pick up DEGEN for the POAP distribution feature, they’ll come to recognize the power and value of features like the Bounty Board and upcoming Scope Squad. Eventually, DEGEN will be seen as the de facto Discord DAO tool, by bringing Web3 functionality to Discord in a way that hasn’t been explored before. Gnosis implementation is coming to DEGEN soon. And with Gnosis, many other features will be possible. A tipping mechanism is in the works; blockchain-agnostic services are in the works. There is no ceiling for what DEGEN is capable of, and in turn, there is no ceiling for what every community in this space can create.
The BanklessDAO's mission is to onboard 1 billion people into crypto, and it is the DEGEN team's belief that the best way to align with this mission is to automate and simplify tedious, complex tasks and thus empower DAOs and protocols to do what they do best: build a better, more sustainable culture that will attract users to this space.
If you are interested in bringing DEGEN to your community or you are part of a community that you think will benefit from these features, please take a moment to fill out this form.
🚨 Live Proposals 🚨
⚔️ Season 2 Project and Guild Funding: Per the Season 2 specification, Guild and Project were each approved for 5 Million BANK and the Grants Committee was allocated 10.5M BANK, with 3.5M set aside for contributor rewards. This proposal seeks to ratify where these budgeted allocations will go (between guilds and projects) and seeks approval for a modification of an interpretation of the Season 2 Spec.
🕺 Retro Rectification Donations: The proposal aims to distribute BANK tokens to those who contributed to Gitcoin, fulfilling the promise made in the early days of BanklessDAO.
Proposals in Discussion
🦋 Migrate local chapters to their own Telegram channel: Our Discord has a ton of channels. It’s becoming too cluttered to follow all the active development and we need to think of ways to minimize this. Moving chapters to their own Telegram makes communication easier and increases the surface area of the DAO. Read up on all the moving parts here.
💸 BanklessDAO Profit Distribution: This proposal is a poll to gather a general consensus and collect feedback on future profits generated by the DAO. Listed are 4 versions of profit sharing models to vote on, each with different strengths and weaknesses. What a great sign of things to come in the BanklessDAO!
📱 Join Telegram: For BanklessDAO news, updates, and activities.
🚨 VOTE: Snapshot proposals are live for the Season 2 funding and Retro-Distribution.
🙏Thanks to our sponsor
UMA helps DAOs build products to diversify their treasury. Most DAOs treasuries are imbalanced. By using UMA’s success tokens and KPI options, DAOs can prepare their treasury for any market and build loyalty.