how to build a dao in 10 days

The DAO creation process can generally be segmented into three stages: 1) ideation, 2) tokenization, and 3) governance. Each stage can be thought of as a movement towards progressive decentralization, with the ultimate mission of enabling a fully-operational DAO. As soon as a group of people (‘core team’) decide on a shared goal, the creation proce... See more

There are three key factors that helped Constitution DAO go viral: 1) an urgent timeline in a liquid crypto community, 2) headline-worthy narratives and memes, and 3) a grassroots credibility engine.

These tools were integral in quickly overcoming many complex obstacles facing the DAO: 1) evaluating and deciding on a treasury protocol (Juicebox), 2) securing funds in a multisig (Gnosis Safe), 3) forming a legal entity with proper tax and regulation considerations that would pass Sotheby’s KYC process (Syndicate DAO), 4) partnering with a fiscal... See more

What makes Constitution DAO so interesting is that the timeline was forcibly shortened to less than a week, defined by a hard auction date.

Constitution DAO truly did a stellar job in such a short amount of time. There were many uncontrollable, complex obstacles that the team had to navigate in winning the auction, and their loss ultimately came down to not having enough to be the highest bidder ($43.2M) with sufficient allocation for insuring, storing, and transporting the document (e... See more