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Hashed Out V6: The DAOs 101 Edition
Scott Kasten
August 29, 2024
Hashed Out V6: The DAOs 101 Edition
Welcome to the fourth issue of Hashed Out, a bimonthly newsletter from Argot (www.argotagency.io) that serves as a guide for those looking to learn the basics of the web3 space. In time, our vision is to create a forum where web3 enthusiasts and newcomers can come together to explore the new digital world. Hashed Out seeks to provide you with all the resources and insights you need to go from web3 virgin to web3 virtuoso.
As the sherpa for your expedition into the new digital great beyond, we promise to make the complicated feel simpler, connect you to the most important data and resources from the builders, researchers, and creators that are shaping web3, and respond to your needs as we grow together.
Our topic for this issue is DAOs! What is a DAO? It stands for Decentralized Autonomous Organization, and it has potential to reinvent how organizations of all kinds are governed.
In This Issue- Table of Contents
Ok Hashers, are you ready to get started learning DAOs? I know I am! Let’s go!
DAOs 101: Introduction to Decentralized Autonomous Organizations
Estimated Read Time: 7 minutes
Introduction
Are you ready to step into the future of governance? Decentralized Autonomous Organizations, or DAOs, are revolutionizing how communities and companies are managed in the digital age. Forget traditional hierarchies and closed-door meetings—DAOs put the power directly in the hands of their members, all through blockchain technology. In this edition of the "Hashed Out 101," we’re breaking down what DAOs are, how they work, and why they’re poised to change the game for organizations worldwide. Dive in and discover how you can be part of this decentralized movement!
Case Study: MakerDAO – Pioneering Decentralized Finance Governance
Estimated Read Time: 5 Minutes
Introduction
This week our case study looks at Maker DAO and how it has served as a force for change in how financial institutions can be governed and operate.
Editorial: Why DAOs Are the Future of Governance
Estimated Read Time: 7 minutes
Introduction
If you've been following the evolution of blockchain and cryptocurrency, you've probably heard the term DAO—Decentralized Autonomous Organization. If nothing else, you are hopefully at least somewhat familiar after reading our DAO 101 article. Web3 is full of buzzwords that at first seem complex or overwhelming. But trust me, DAOs are more than just another blockchain buzzword and more straightforward than you would imagine. They're the future of how we govern and organize ourselves, not just in business, but potentially in all areas of society. Let me explain why.
Connections- Curated Links for the Curious
The Rise of DAOs and Decentralized Governance
This beginner's guide provides an overview of what DAOs are, their history, and their impact on the blockchain ecosystem. It's perfect for readers new to the concept who want to grasp the basics.
The DAO Hack Explained
This article breaks down the 2016 DAO hack, explaining how the vulnerability was exploited and what the implications were for the Ethereum community and DAOs in general.
How to Start a DAO
A step-by-step guide for individuals or groups interested in creating their own DAO. This resource covers the necessary steps, tools, and considerations for launching a DAO from scratch.
Case Studies of DAOs in Action
An in-depth look at some of the most successful DAOs, including their governance models, achievements, and challenges. This is a great resource for understanding how DAOs function in the real world. Also see this article for more examples of DAOs at work.
Exploring DAO Governance Models
This article explores different governance frameworks used by DAOs, detailing their advantages, disadvantages, and best practices. It's a valuable resource for anyone interested in the mechanics of DAO governance.
DAO Tools and Platforms
A curated list of tools and platforms that facilitate the creation, management, and participation in DAOs, including voting systems, treasury management, and community engagement tools.
Did you miss out on the previous issues of Hashed Out? See them all here!
The Wrap
For those requiring a TLDR or just want a fast recap here it is:
In this edition of "Hashed Out," we're exploring Decentralized Autonomous Organizations (DAOs) and their transformative impact on governance and community management.
DAOs 101: Get a comprehensive introduction to DAOs, covering their origins, how they function, and their different types, such as protocol DAOs, investment DAOs, and social DAOs. Learn about the benefits of decentralization, transparency, and community-driven governance, as well as the challenges DAOs face, like security risks and scalability issues.
Case Study: MakerDAO: See DAOs in action with an in-depth look at MakerDAO, a leading decentralized finance (DeFi) platform that manages the Dai stablecoin. Discover how MakerDAO uses smart contracts and community governance to maintain stability and innovation, highlighting its successes and the lessons learned from overcoming challenges in the volatile crypto market.
Editorial: Understand why DAOs are more than just a fleeting trend. This piece argues that DAOs represent a fundamental shift towards decentralized, transparent, and participatory governance. Learn about the long-term potential of DAOs to disrupt traditional power structures and pave the way for a more equitable and democratic future across various sectors.
Dive into this edition to learn how DAOs are shaping the future of decentralized governance and why they're becoming the organizations of tomorrow!
A Look Ahead
Ok, it’s about time to roll the credits! Where do we go from here? The Metaverse! In our next edition we will be covering the basics of of the metaverse, discussing virtual worlds, digital real estate, and how web3 could be a gateway to a more experential digital future.
One last call, if you haven’t already hit the subscribe button below to stay in the know. We have a lot of great stuff ready to be released and we would love for you to join our community and grow with us.
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I hope that you enjoyed this edition of Hashed Out. There is much more to come and your feedback is invaluable to how we will grow. If you have questions or comments drop us a line.
Ok Hashers, that’s The Wrap. Many thanks!
(Cue awesome exit music of your choice)
Dr. Scott
