Stacks Feature: StackerDAO Labs

One of the most exciting aspects of being in this space is watching the evolution of the technology. To see an idea originally thought up, then watching the distribution of people who understand the merits and potential of the idea over time is also quite fascinating. For what it is worth, we are still living in a world where most do not understand Bitcoin.

While it is true that one year in crypto really feels like five, and the tendency to believe that things are stagnant can be strong, the reality is that we are just early adopters. The implications of the technology being developed are as vast and meaningful as almost any of the technology that we currently use, and frankly take for granted.

One such innovation that we are quite early to is the concept of the DAO, aka Decentralized Autonomous Organization. Simply a DAO is its own entity, an entirely new way for a group of people to organize and works towards an end. A way for a group to organize without any centralized management in the picture. The term DAO was introduced into the crypto vernacular by none other than Vitalik Buterin in 2013, and three years later the first DAO debuted. So when you think of concepts such as corporations, and llc's, it becomes quite apparent just how new this concept is.

StackerDAO Labs

Up until now, if you wanted a DAO you would have to not only have to possess the ability to write your own smart contracts, but it would be a very good idea to have a savvy lawyer on speed dial to help keep you out of hot water. Thankfully StackerDAO changes this.

StackeDAO Labs is bringing to market a no-code solution for people who would like to start their own DAO, it doesn't hurt that the co-founder of the protocol Orlando.btc is a lawyer with relevant experience. So the attention they bring to the legal side of things cannot be understated. They plan to bring 3 different models to market initially, so lets briefly touch on them.

The Stacker DAO

This is the most common DAO, and likely the model that you are familiar with. It is based on the Compound Governance Model. This type of DAO would be most useful for:

• Protocol DAO's - NFT marketplaces, DeFi, any case where a protocol would require decentralized management

• NFT communities - NFTs as governance tokens

• Ecosystem DAOs - a way to grow a burgeoning ecosystem through use of grants and building projects

• Media DAOs - a way for creators to produce and distribute content

This type of DAO can be used to propose submissions, vote and delegate, etc. All of the things that you probably already associate with a DAO, with the exception that you can have your very own.

Clubs

This is a membership gated DAO, meaning the members fund the club, get voting rights, and then collectively take action. While the DAO can provide people a pass to join the DAO, only those who have submitted funds will have voting rights. This type of DAO would be most useful for:

• Investment DAOs - group of buddies want to chip in to buy a rare NFT, or maybe an entire Bitcoin?

• Impact DAOs - the ability to direct funds to worthy causes

• Service DAOs - creators who want to pool their efforts to secure contracts/work

• Guilds - a collective that shares resources while working towards a common goal

• Social - self explanatory imo

While this isn't an exhaustive list, the gears should be turning about right now. I know for me personally I would love to have an investment DAO with some of my crypto pals. This has been something that I have thought about for years, and seeing it come to fruition is amazing. That said, an impact DAO for charity? Yep, would join that as well. This would be a much more efficient way of improving the lives of others. As a writer, obviously the creator DAO would also be something I would be interested in. This is game changing stuff for not just the ecosystem, but the entire world.

Teams

This type of DAO is pretty specialized in that it is ideal for small, centralized groups working on a project. It provides a safe way for the team to keep it assets collectively owned, and readily available while saving a lot of time in wallet management. This offering would also be useful to a team that eventually wants to have a decentralized DAO, but is in the early stages of the project. In this instance Teams could act as a sub DAO as everything is being built out.

Takeaways

When I first entered this space most of the alt coins were vaporwear. Then I would see some good ideas with no/poor execution (and a lot of scams). Now we are in a place the good ideas not only mature, but grow into world changing innovations. Despite the bear market, crypto 2022 is a hell of a lot of fun. Being able to see the concept of the DAO grow is no exception. This is an amazing time to be alive, and to witness the genesis of the next era of the internet. StackerDAO Labs is a Stacks project that I will continue to keep a close eye on. Orlando.btc is an absolute giga brain, and I have no doubt that this project will bring many new users into the Stacks ecosystem.

Thanks for reading, as always. I hope you enjoyed it. A like, follow, and retweet goes far. Also give me a follow on Sigle on your way out. Sigle will be introducing a newsletter feature soon, and my followers will be the folks who get them.