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In the final stretch here 
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Attempting an architecture for funding and governance for a commons serving Impact DAOs (communities that protect public goods). Can we transform siloed strengths in the trenches into repeatable success for the ecosystem? @CoinviseCo @forefront__ https://twitter.com/forefront__/status/1512445585361707019
.Attempting an architecture for funding and governance for a commons serving Impact DAOs (communities that protect public goods). Can we transform siloed strengths in the trenches into repeatable success for the ecosystem? @CoinviseCo @forefront__ https://twitter.com/forefront__/status/1512445585361707019
Impact DAOs are communities with positive externalities rooted in collective action for a shared cause. They amplify their impact by stacking on each other and derive compounding effects from the mutual collaboration to build a regenerative economy.
While no two Impact DAOs are the same, their shared DNA leads to similar organizational challenges such as:
- finding value-aligned talent
- securing funding
- program management
- establishing reputation systems
- creating a cohesive contributor experience
- finding value-aligned talent
- securing funding
- program management
- establishing reputation systems
- creating a cohesive contributor experience
Hypothesis: There are potential synergies in codifying scalable solutions for these challenges and then applying them in the context of the respective Impact DAO. Without coordination, there is a risk of the knowledge remaining stuck in silos.
By effectively re-deploying the tribal knowledge gained in the trenches, the Impact DAOs can re-focus on what they do best - drive outcomes for the shared cause. How? A solution services entity that offers advisory, implementation, and support to Impact DAOs for a subsidized cost
In return, the Impact DAOs provide sweat equity for collaborating on problem definitions and early adoption of solutions. A curve bonded crowdfunding bootstraps the commons and tokens offer self-sustaining liquidity + returns as solutions gather a wider reach and adoption.
Here's an overview of the submission. Mechanism design deals with designing protocols that incentivize rational actors to behave in socially desirable ways. The Augmented Bonding Curve as a mechanism design provides continuous funding to maintain a shared public good.
The key here is progressive decentralization of modular governance based on scale and context. I extensively used "Community Rules" by @exittocommunity to gradually move from a self-appointed board to decentralized councils shepherded by stewards. How?
https://www.colorado.edu/lab/medlab/2021/07/15/community-rules-simple-templates-great-communities
https://www.colorado.edu/lab/medlab/2021/07/15/community-rules-simple-templates-great-communities
Hatch Phase: Bootstrapping the Community
Value-aligned Impact DAOs and investors who blend profit and purpose bootstrap the core services team and an elected board in return for deferred ownership and control.
Value-aligned Impact DAOs and investors who blend profit and purpose bootstrap the core services team and an elected board in return for deferred ownership and control.
Build Phase: Product-Market Fit
The elected board votes on proposals for creating and building a core set of solutions as a collaboration between the core team and Member Impact DAOs. The Member Impact DAOs pay for labor from the core team at a subsidized rate.
The elected board votes on proposals for creating and building a core set of solutions as a collaboration between the core team and Member Impact DAOs. The Member Impact DAOs pay for labor from the core team at a subsidized rate.
Open Phase: Decentralization at Scale
As scalable solutions grow, attract new investors and qualify new Member Impact DAOs that see the impact of the community and want to be a part of the movement so that the Funding Pool can grow.
As scalable solutions grow, attract new investors and qualify new Member Impact DAOs that see the impact of the community and want to be a part of the movement so that the Funding Pool can grow.
The endgame here is spawning off mature solutions as product DAOs with their own micro-economy and user base of Impact DAOs, as existing governance structures will reach their limits. More details here: https://medium.com/p/d2d2af95ac47
