You're reading State of the DAOs, the high-signal low-noise newsletter for understanding DAOs.
gm and welcome to State of the DAOs!
We are deep in bear market territory and many DAOs and contributors are starting to wonder if they can survive a long crypto winter. Whether you are an investor, contributor, or user, in an open financial world everyone has view-access to DAO treasury information using tools like Dune Analytics.
This week, Jake and Stake provides a basic framework for understanding the health of DAOs. By making use of dashboards to monitor and track the financial health of these organizations, you can determine which of them are built for long term success and sustainability.
Next, Seneca52 shares the story behind GoodDollar, the world's largest crypto Universal Basic Income (UBI) platform. Featuring an interview with GoodDollar co-founder Anna Stone, they share how the road to economic impact leads to impacting human capital by opening doors, building social reputation, and recognizing contributors. When we incentivize for dignity, anything is possible.
Finally, we share the TL;DR on some of the best DAO ecosystem takes and thought pieces, making it easy for you to cut through the noise and learn everything you need to know to get started on your journey into working in Web3.
This is the current state of the DAOs.
Contributors: BanklessDAO Writers Guild (Jake and Stake, Seneca52, AustinFoss, Alvo von A, helloashpreet, Paulito, Dippudo, hirokennelly, siddhearta)
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Author: Jake and Stake
DAOs are organizations that utilize tokens to incentivize particular behaviors. People often work for DAOs in exchange for these assets (stablecoins, DAO governance tokens, or the blockchain’s native cryptocurrency, like MATIC or ETH), and all DAOs that offer any form of remuneration need a treasury. Without a treasury, DAOs won’t be able to pay contributors and they won’t be able to fund projects. Unless a DAO has missionary-like contributors, it will be hard to get initiatives off the ground.
This is why understanding a DAO’s treasury is important to determine their positioning in the larger crypto economic landscape: