DAO News Report: October 18, 2022 - featuring Crypto Bushi

10/18/22 • 45 min

Just DAO It: A Podcast for People Starting DAOs

Sources:
DAOs are in era 3.0 thanks to an infrastructure renaissance: Report

Ooki DAO Case So 'Egregious,' CFTC Had No Choice, Chair Behnam Says

Former NEA Partner Amit Mukherjee Leaves TradFi for Web3 with the Launch of Chainforest DAO - NFTgators

Uniglo.io, Maker, Lido DAO And Aave Are The DAOs To Watch For 2023 - CryptoMode

SushiSwap on Twitter: "The first ever community/DAO driven election of a Head Chef has been a huge success 🎉We're excited to introduce you to Sushi's Head Chef @jaredgrey:https://t.co/2tRJOaEi4X💬 Want to ask questions in person? Join our Forum!📩 RSVP: Oct 6 - 5pm UTC: https://t.co/8F0Qrhf8Rv pic.twitter.com/jpzhPus7wx / Twitter"

jarisjames.eth on Twitter: "Just started a DAO and seeking funding? Here's 5 of the best grant programs and funding protocols for DAOs that are just starting out. 1. @Meta_Cartel - Grants2. @MolochDAO - Grants 3. @wearecultdao - Grants4. @juiceboxETH - Fundraising5. @nowdaoit - Fundraising via yeet. / Twitter"

Connect with Crypto Bushi
https://twitter.com/thecryptobushi
https://www.daopunks.io/

Connect with Adam
https://twitter.com/0xThriller
https://midao.org/

Sources:
DAOs are in era 3.0 thanks to an infrastructure renaissance: Report

Ooki DAO Case So 'Egregious,' CFTC Had No Choice, Chair Behnam Says

Former NEA Partner Amit Mukherjee Leaves TradFi for Web3 with the Launch of Chainforest DAO - NFTgators

Uniglo.io, Maker, Lido DAO And Aave Are The DAOs To Watch For 2023 - CryptoMode

Connect with Crypto Bushi
https://twitter.com/thecryptobushi
https://www.daopunks.io/

Connect with Adam
https://twitter.com/0xThriller
https://midao.org/

Previous Episode

Interview with Defi Beats of Bankless Consulting

Defi’s background and how he got into web3 and DAOs

He bought his first NFT after getting rugged, and he started to get the hang of the web3 rules through the mentors he connected with on Twitter. He joined a DAO that did things really well and by the book, which set him up with everything he needed to be successful moving forward in the space.

Defi’s current projects

Defi is creating a collective of consultants that pay their membership in equity, so they can build their wealth while also helping to further the goals of the DAO.

Common growing pains and how to address them

Defi knows what it’s like to build something from scratch. He also understands that structure is not the opposite of decentralization. He often sees DAOs pull away from the structure that the DAO needs in order to survive. The DAOs are an opportunity to differentiate between power and influence. Everyone in a DAO is a leader, but that doesn’t mean that there shouldn’t be rules that are collectively followed.

Everything that happens in a traditional company has to also happen in DAOs, it just won’t come in a hierarchical model as it does in traditional companies.

Advice Defi has for people who are starting a DAO

Be very intentional about who the starting team is. If you are starting a DAO on your own, then it’s not a DAO, because it is inherently centralized. So the start team is critical to getting it off the ground. And once you have that team, get used to disagreements. Healthy conflict can bring the best results to the project, so getting comfortable with being criticized and challenged is so important to building a successful DAO.

Favorite tools for running a DAO

Defi currently uses Notion.io and Discord to run his DAO.

Connect with Defi Beats
https://twitter.com/defi_beats
https://www.hzqconsulting.com/

Connect with Adam
https://twitter.com/0xThriller
https://midao.org/

Next Episode

Interview with Crypto Bushi of DAOpunks

Crypto Bushi’s background and how he got into DAOs:
During the lockdown, Crypto Bushi started trading crypto with encouragement from his friends. He started to do some research and eventually found crypto Twitter. When NFTs started to take off, he decided that would be his next endeavor. Now he makes NFTs and he is active in the web3 space.

Avoiding early growing pains of DAOs:
You need a strong team for any web3 project. Everything should be made to the highest level of quality possible. Everyone should be excited and empowered to work within their specific zone of genius. Problems are inevitable, so the excitement needs to be there for when those challenges arise.

Crypto Bushi’s favorite tools:
A relationship with a great developer is the most valuable thing that you could possibly have to build a successful DAO. There are too many tools out there, and advice from an expert developer can help you pick the best ones.

Favorite DAOs to check out:
Bankless is one of the top ones as well as DAO Punks. He also recommends Cult DAO, because the fundamental governance structure has been solid since the launch date. There are also a lot of problems that people can learn from. Also, check out Social DAO, and Boys Club for any women listening.

Top advice for people starting DAOs today:
You can’t expect people to work for free. Even if you think you are working towards a good cause, you are going to have to start compensating if you want the best people on your team.

Connect with Crypto Bushi
https://twitter.com/thecryptobushi
https://www.daopunks.io/

Connect with Adam
https://twitter.com/0xThriller
https://midao.org/