ryeder.btc

Apr 24β€’2 min read

Advocate Journeys & Stacks Grants πŸš€

First of all congratulations to the new launch of the Grants Ambassador's Dashboard page! LFG!!

Journeys can not only help connect Stacks Advocates and community members to Stacks Grants but it has its own technology support community initiatives through MicroDAOs! πŸŽ‰

What are MicroDAOs?

MicroDAOs are community-generated commons or pools of resources. Its setup is kind of like a simpler version of a multisig except it uses consensus rather than voting to pass proposals or transactions.

What do I mean it uses consensus?

Whereas a multisig can be set to operate on a 2/5 or 4/7 or any number of signers required out of a total number to commit a transaction, consensus requires that nobody dissent, instead. So how it works on a technical level is a time (3 days for example) is set for every member of the DAO to have the opportunity to dissent to a funding proposal (see dissent-period in above example) or DAO creation. It is a trustful system.

This is just a sneek peak -- so more on MicroDAOs to come!

MicroDAOs don't just support $STX and $wBTC but also CityCoins $NYC and $MIA, stablecoin USDA, all ALEX tokens and can have custom contracts to do much more!

If you haven't joined the Stacks Advocates (AdvoΣΎ DAO) on the Stacks Discord and want to click here to enter the #start-here channel to read about the DAO and select the πŸ”Ž to see all the channels (and then scroll down to see them in the server).

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