You're reading State of the DAOs, the high-signal low-noise newsletter for understanding DAOs.
gm gm and welcome to the State of the DAOs!
There’s no denying it; the bear market is upon us. But if we perch on a high ledge and look out over a longer horizon to see where crypto is going, things are looking just plain rosy. Projects are launching every day, and protocols that have been around for a few years are showing us that they are built for the long haul. And then there’s DAOs.
Unlike the bear market of 2017-18, when DAOs were still a novel concept, DAOs today are expanding their contributor lists and use cases. That’s right - DAOs are buidling. But with that building comes certain growing pains, even during a bear market. One of the issues that have beset DAOs, just fiat-space organizations, is less-than-ideal governance participation reflected in low voter engagement - Snapshot is less snappy and a bit through-shot.
As we continue to work on DAO governance, a tried and true solution has emerged: delegated voting. Delegated voting is the idea that you can assign your voting rights to another who will engage in governance on your behalf. While many protocols employ this method, there are questions about whether it’s a good way forward. Fortunately, long-time contributor and DAO thought leader Samantha Marin is here to help. In this week’s article, she breaks down all the ways DAOs can get delegated voting right.
After catching up on delegated voting check out the TL;DR on the latest DAO ecosystem takes and thought pieces, making it easy for you to cut through the noise and stay up to date on the world of DAOs.
Although it’s a bit rough out there, the current state of the DAOs are just fine.
Contributors: BanklessDAO Writers Guild (authors)
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