Incentive Design & Tooling for DAOs

Streams are likely to become the salaries of Web3 because they have many of the same unique properties but provide a more digitally native and logical solution. These programmable cash flows can deliver payments block-by-block to contributors or other parties. For this reason, they are a great way to reward long term contributors and break the “mon... See more

Challenges or limitations: Does not make sense for small discrete tasks.

StreamsKey benefit or use cases: Reward ongoing commitment, real time - pay by the block.

We think that bounties are a very meaningful part of the ecosystem and are likely to grow in importance over time. The reason for this is that most legacy work practices have a high focus on 'roles' - essentially 'employment' - while DAOs are disassembling work into individual tasks or activities to be done from the crowd. This atomic view of tasks... See more

Coordinape is a decentralized, pro-social recognition tool that moves recognition from leaders to teams. It works by allocating tokens to each participant, who award them to their peers during 'epochs'. At the end, an individual's proportion of tokens is converted into their proportion of financial rewards allocated from the treasury. There are man... See more

Coordinape is the darling of the ecosystem right now and rightly so - it represents many of the best elements of Web3, decentralization and is a true digital native solution.

Tipping might be viewed as absurd in most of the non-US world, but in the context of DAO’s, tipping can be a very valuable and healthy mechanism to help a DAO scale. Tips are often used more like airdrops (care-drops?) and their superpower is that they can reward value creation very rapidly, especially when unplanned but easily identifiable. 

Proof of Attendance Protocol (POAP) creates NFTs that signify your participation or attendance in activities. They are fast becoming a way of recording your working life and building your on-chain CV. Rabbithole.gg uses NFTs in a similar manner and rewards you for completing quests or undertaking specific actions. And most of us know how well Mirro... See more

Is the task easily definable, and how can you determine whether it has been done or not?Easily defined tasks can be packaged up and shared anywhere or with anyone, and often work well as bounties or grants. Other contributions are less well defined: someone may make many inputs over an epoch without them having been defined in advance, and the valu... See more