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Tally

What’s a DAO

Decentralized Autonomous Organization, Any group that is governed by a transparent set of rules found on a blockchain or smart contract

Voting power, inmutable, transparent, decentralized

Decentralized Governace: Company or organization operated exclusively trough code

The owner of the execution of a proposal is a governance contract

• Voting Mechanism
  • how do I participate/engage in this DAO? Ho I help make decisions?
  • ERC20 Token or NFT as voting power. Risk: less fair, more power for who’s got the deepest pocket
    • Risk: you might buy lot of tokens, make bad decisions and then sell tokens and avoid being punished
  • Skin in the game
    • Your vote is recorded, if that decision leads to a bad outcome you lose your token. You can be accountable for your bad decisions
  • Proof of personhood or participation
    • A single vote for address. Risk: civil resistance: how can we be sure that a person is only a address and not many addresses controled by the same person.
    • Possible solution integrating Chainlink
    • Proof of humanity
• Implementation of the Voting

  • On-Chain

    • Like compound, you call a smart contract function and sing the transaction.
    • It costs GAS, summing up all votes, it could be a lot of GAS in every voting
    • Possible solutions: Goverance C, Quadratic funding

    WTF is Quadratic Funding?

  • Off-Chain

    • Snapshot: voting gets recorded in IPFS and then replayed in a single transaction trough an oracle like chainlink

From Scratch

Snapshot

Zodiac

Tally

Gnosis safe

OpenZeppeling

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