S2 E2: Understanding DAOs and How to Scale Them (Yury Lifshits)

05/30/22 • 30 min

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On this episode of DAOn the Rabbit Hole, we’re talking to Yury Lifshits from SuperDAO to dive into the complex topic of DAOs. SuperDAO is the ‘Shopify of DAOs’ allowing users to start, manage, and grow their own DAO, so we would consider Yury an expert on the subject, and the perfect person to answer our questions.

We kickoff our conversation by laying some groundwork and answering the highly memed question, “what is a DAO?” Yury explains several common definitions of DAOs and describes what a DAO means to him. We then get into the different types of DAOs, different DAO structures, challenges that DAOs are facing, and how they are solving those problems.

Next, we talk about the logistics of working for a DAO. We discuss the benefits and the downsides of untraditional, part time, fluid work models and how DAOs can incentivize contributors to continue contributing. We talk about subDAOs, scaling DAOs, and the benefits of becoming a DAO.

Finally, we close out our conversation looking to the future of DAOs and web3 in general, as Yury predicts that the DAO economy will one day surpass that of some nations.

To continue this conversation and stay up to date on all things DAOn the Rabbit Hole, you can follow Anay on Twitter @anaysim and RabbitHole @rabbithole_gg. You can also follow Yury on Twitter @yurylifshits.

⌛ TIMESTAMPS:

0:00 Intro

0:48 Defining a DAO

1:55 DAO structure

3:41 Technical requirements to be considered a DAO

4:07 Different types of DAOs

6:37 Service DAOs

8:30 Challenges that DAOs face today

11:25 What is a subDAO?

15:48 Part-time DAO work

17:29 How to incentivize DAO contributors

20:22 Scaling DAOs

23:44 Should everything be a DAO?

24:49 Key Benefits of being a DAO

27:05 The future of DAOs

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DISCLAIMER: The information in this video is the opinion of the speaker(s) only and is for informational purposes only. You should not construe it as investment advice, tax advice, or legal advice, and it does not represent any entity's opinion but those of the speaker(s). For investment or legal advice, please seek a duly licensed professional.

Finally, we close out our conversation looking to the future of DAOs and web3 in general, as Yury predicts that the DAO economy will one day surpass that of some nations.

⌛ TIMESTAMPS:

0:00 Intro

0:48 Defining a DAO

1:55 DAO structure

3:41 Technical requirements to be considered a DAO

4:07 Different types of DAOs

6:37 Service DAOs

8:30 Challenges that DAOs face today

11:25 What is a subDAO?

15:48 Part-time DAO work

17:29 How to incentivize DAO contributors

20:22 Scaling DAOs

23:44 Should everything be a DAO?

24:49 Key Benefits of being a DAO

27:05 The future of DAOs

🐇 GET CURIOUS 🐇

Check out a quest: https://app.rabbithole.gg/quests

Build your skills: https://app.rabbithole.gg/skills

🕳️ GET LEARNING 🕳️

Tutorials: https://rabbithole.mirror.xyz/

Support: https://discord.gg/vTqWnbBr

🎩 GET SOCIAL 🎩

Twitter: https://twitter.com/rabbithole_gg

Discord: https://discord.gg/rmvpRdRdMv

Previous Episode

S2 E1: NFTs and the Future of Music (Cherie Hu)

On this episode of DAOn the Rabbit Hole, we’re talking to Cherie Hu, Co-Founder of Water and Music, a research publication focused on the intersection of music and tech which has recently undergone the process of becoming a DAO.

We kicked off the conversation discussing the state of the web2 music industry today and how blockchain technology and NFTs offer an alternative business model for musical artists and their fans.

We discuss how digital scarcity is possible in the music industry, which is typically thought of as not scarce at all, with unlimited music streaming virtually for free. Cherie says that what is scarce however, is the relationship between artists and their fans, and it is this scarcity that NFTs can monetize. Cherie also lays out for us her definition of a music NFT and shares how these NFTs can be used to enhance the relationship between artists and their fans.

Next, we break down some big topics into simpler terms. We go over the ways in which fans can acquire NFTs from their favorite web3 music artists and ways that artists can start onboarding themselves into web3. We dive into the complicated topic of DAOs and break down some possible definitions of a DAO. We discuss the creator economy and how NFTs can benefit not only artists, but their fans as well.

Finally we wrap up our conversation by leaving you with some advice on how to onboard into web3 and get started with music NFTs. We hope you enjoy this episode of DAOn the Rabbit Hole!

⌛ TIMESTAMPS:

0:00 Intro

1:07 State of the music industry today

4:09 How blockchain technology can affect the music industry

11:35 What defines a music NFT?

14:56 How does digital scarcity work in the music space?

18:03 How to acquire a token from a musical artist

21:31 Web3 maximalist ideals in the NFT music space

27:02 Defining a DAO

32:31 Co-ownership and the creator economy

37:44 Onboarding web2 audiences into web3

43:11 Getting started in music NFTs

47:21 Follow Cherie!

🐇 GET CURIOUS 🐇

Check out a quest: https://app.rabbithole.gg/quests

Build your skills: https://app.rabbithole.gg/skills

🕳️ GET LEARNING 🕳️

Tutorials: https://rabbithole.mirror.xyz/

Support: https://discord.gg/vTqWnbBr

🎩 GET SOCIAL 🎩

Twitter: https://twitter.com/rabbithole_gg

Discord: https://discord.gg/rmvpRdRdMv

Next Episode

S2 E3: Building an Economy Within a DAO (Shreyas Hariharan)

On this episode of DAOn the Rabbit Hole, we’re talking to Shreyas Hariharan, Co-Founder of Llama. Llama is an economic infrastructure for DAOs that enables decentralized communities to allocate their treasuries and assess results.

We kickoff the episode laying some groundwork and answering the golden question - What is a DAO? Shreyas then explains economic infrastructures of DAOs and dives into his most recent article that compares asian economies with DAO economies.

Next, we discuss token distribution within a DAO, incentivizing DAO contributors, token inflation, and the pros and cons of heavily rewarding early contributors. We also talk about governance over DAO treasuries, the overall financialization of web3, and the role of trust within DAOs.

We close out our conversation discussing the ways in which DAOs can change the relationship between capital and labor.

⌛ TIMESTAMPS:

0:00 Intro

1:09 What is a DAO?

3:02 What is the economic infrastructure of a DAO?

6:29 Shreyas’ explaining his most recent article

11:25 Token distribution within a DAO

14:06 Pros and cons of heavily rewarding early contributors

17:10 Governance of a DAO treasury

22:38 The financialization of web3

27:42 The role of trust within DAOs

31:51 How DAOs are reconfiguring the relationship between capital and labor