dao.care | Community funding made free, fun and easy 💜
Let your idle interest support community projects
dao.care 🧙🏼♂️
TL;DR - dao.care is an endowment fund built on Ethereum that lets funders vote on which proposal should receive the interest from the fund over a two week cycle.
dao.care is a simple community fund generating interest. The interest is awarded to an awesome community project every 2 weeks as voted by fund members. Members are free to withdraw their original deposit at any time.”
dao.care is a really exciting platform that lets users give to the community at no-loss with the added benefit of promoting savings.
DAO’s, DEFI, No-loss, Community funding — All such hot topics at the moment and dao.care is at the intersection of these concepts.
dao.care was born at EthLondon and is currently taking part in Gitcoin Kernel.
How does it work 🔧
- Join the fund
Deposit DAI, a crypto stable coin, into the fund to be part of the decentralized autonomous organization (DAO). The more DAI you deposit into the fund the more voting power you receive.
2. The funds in the pool earn interest
The funds are deposited into a savings account with Aave. Interest accrues on the DAI in the fund.
3. Vote
Every user who has deposited funds into the pool can vote on the proposal they feel is most worthy of receiving the interest. You can vote using your crypto wallet or you can vote on twitter by replying to the fortnightly tweet by @dao_care.
4. Winner
At the end of each two week round the proposal with the most votes receives the interest from the fund generated over the next 2 weeks. A new round begins every two weeks.
5. Withdraw all your funds
At any point, if you want to leave. You can withdraw all of your DAI from the fund. But, who would want to do that anyway when you are part of the world's coolest DAO?
Security 🔒
Security is so important to the project that we have put together a few resources, including a smart contract audit by ditCraft and a video walkthrough of the contracts, that you can unpack here.
Inspiration ✨
Below are a few awesome projects that gave fruition to some of the ideas behind dao.care
- rDAI — Programmable DAI
- rTrees — Programmable DAI in action planting trees
- PoolTogether — No-Loss Savings Game
- Gitcoin Grants — Quadratic Funding Community Projects
- Aave — Defi lending platform
Join the fun(d)! 🎉
💎 Fund
🐦 Follow us on twitter
👩🏿💻️ Star us on Github
✈️ Join our telegram
👥 Share it with your friends, scream it from the rooftops, send it on a postcard to Mars, write it on the door of a public bathroom stall, tattoo it on your forehead, publish it on the Ethereum blockchain and let’s support the community.
👏🏾 Clap on this post
Shout out to companies 📌
We are looking to build the fund. If you would like to give to the community and let the interest on your dai support community projects we have a special program you can look at here or you can email me directly at denham@avolabs.io.
Shout out to community projects 👩🏽🎨️
We are opening proposal submissions on the 30th of July. If you are working on a project that could use some extra funding submit your proposal or email me at denham@avolabs.io and I can personally walk you through the process.
