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DAOstack – The toolkit for exponential organizations

Blockchain technology has provided us with the tools and infrastructure that was needed to innovate and streamline in every industry out there, and in doing so, it has introduced a number of concepts that would have been downright impossible before this technology came along. DAOs (Decentralized Autonomous Organizations) are one such concept; a DAO is an organization that is powered and run by smart contracts, their data such as financial records and rules and regulations are all stored on blockchains.

The concept of a DAO is full of promise and has captivated many people already, however it lacks certain critical components that currently prevent a DAO from being practical and feasible in the long run. This is where the DAOstack comes in, a blockchain powered operating system that will provide a comprehensive framework that shall make the creation and maintenance of DAOs simpler and more feasible. This solution will fill in all the existing gaps and work on creating an Internet of Work that will allow people to contribute resources, skills, and capital to various projects.

Global Constraints

Global constraints are specific conditions that can beattached to a particularagency or DAO and that will limit
its functionalities. As a general rule, for any operation to go through within a particularagency, it must comply
with the list of constraints configured by the organization. Regardless of the list of approved schemes in the
agency, none of these schemes will be able to trigger a particular functionality in the organization if doing so
would not conform with even a single one of the global constraints.

For instance, global constraints that might be adopted by DAOs and agencies include:

  • An upper cap imposed on the total amount of tokens that can be issued by the organization.
  • A rate of token inflation (i.e. dynamic cap) over a time period (e.g. 2% per month).
  • A burn rate on the usage of the an agency’s funds.
  • A maximum amount of reputation that can be issued within a particular time period.
  • A list of agents that can request the issuance of more tokens or reputation (i.e. whitelisting).
  • The registries from which the DAO can approve new schemes.

The ArcHives

The ArcHives will play a major role in the DAOstack’s network, the ArcHives will maintain data integrity, make sure that the overall quality of the ecosystem is maintained and provide parties with various ways to generate revenues, it will be divided into three parts:

The Compendium shall store all of the approved governance modules on the DAOstack; since the stack’s ecosystem will be open source, it shall have governance modules and templates being developed and shared by various parties. DAOstack will approve modules that have been tested and are known to be reliable, they shall be stored on the Compendium which will act as an app store from where these approved modules can be accessed. Developers who have their modules placed in the Compendium will be able to monetize them by having DAOs pay for using them.

The Stack Economy

Tokens are being distributed to contributors of value to the network: builders, early adopters and maintainers of the DApp. On the other side, the usage of the DApp requires the spend of those same tokens. For example, Ether was distributed to founders and builders of the Ethereum blockchain, and is now being distributed to miners that maintain the network.Agencies, DAOs and DApps  are all based on circular token economies. The general idea is that tokens are being distributed to contributors of value —for value that is contributed to the network. On the other hand, the same tokens gain benefit from the value created by the network.

For more information,visit the Website or read the Whitepaper.

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