We used Coordinape to pay our DAO. Here’s what we found

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The most frequent piece of feedback was that our members weren’t sure whether they were just supposed to reward the people they had worked with, or whether they should also reward those they saw adding value in other parts of our DAO.

Nelson Jordan • We used Coordinape to pay our DAO. Here’s what we found

-Decide who will be considered a ‘contributor’ for that season, and add their wallet addresses to Coordinape.

Nelson Jordan • We used Coordinape to pay our DAO. Here’s what we found

Here’s a run-down of how to use Coordinape in your DAO:

Nelson Jordan • We used Coordinape to pay our DAO. Here’s what we found

So once the voting period has ended, the DAO sends Sophie 1,250 USDC for her contributions during that season.

Nelson Jordan • We used Coordinape to pay our DAO. Here’s what we found

A poor Coordinape setup could mean contributors are incentivised to reward their friends and the most active Discord users, not those who actually provided meaningful value.

Nelson Jordan • We used Coordinape to pay our DAO. Here’s what we found

Sophie’s 50 GET Tokens are 5% of the available 1,000 GET tokens, so she is sent 5% of the DAO’s total budget (5% of 25,000 USDC = 1,250 USDC.)

Nelson Jordan • We used Coordinape to pay our DAO. Here’s what we found

-At the end of the season, her GIVE tokens are automatically converted to GET tokens.

Nelson Jordan • We used Coordinape to pay our DAO. Here’s what we found

Here’s what this looks like from the perspective of an individual contributor:

Nelson Jordan • We used Coordinape to pay our DAO. Here’s what we found

-The total allocation across the whole DAO is 1,000 GET tokens.