$10k in BitDAO Prizes @ETHNewYork
The BitDAO community is pleased to announce their sponsorship of two hackathon tracks during ETHNewYork, 24–26th June, 2022. Prizes worth $10k in $BIT — will be given for innovative solutions in the fields of:
- DAO treasury deployment tooling
- DAO proposal processes
Apply to hack here: https://hack.ethglobal.com/ethnewyork2022
- 🥇 First Place: $5,000 in $BIT
- 🥈 Second Place: $3,000 in $BIT
- 🥉 Third Place: $1,000 in $BIT
- 💪 Runner Ups x 2: $500 in $BIT
Track 1: DAO Treasury Deployment Tooling
Large DAO treasuries have to be managed conservatively to avoid principal loss through systemic failure, oracle misfires or other mechanical exploits.
We are looking for solutions (tooling, operating structures, etc.) that would allow DAOs to deploy their treasuries at size for yield. For example:
- A Gnosis Safe module that allows whitelisting and passive deployment of treasury assets to blue chip yield farms.
- Collateralized / margin loans (P2P, pools).
Track 2: DAO Proposals Processes
In the current state of governance, the majority of DAO proposals are created in private, with the initial version presented on DAO forums typically having already been reviewed by core team members and large stakeholders. This process can take several months, and is usually unpaid.
DAOs have many tradeoffs versus traditional organizations (especially with execution efficiency), but one of their primary benefits is to leverage a wider range of community contributions for ideas and development; something that isn’t happening with the current status quo.
We’re looking for solutions to incentivize the construction of DAO proposals in a public and incremental way, with DAO members being able to signal which parts they support or are opposed to.
Situations where this may be beneficial to the ideation process include:
- Rebrandings (allowing for feedback during the design process).
- Protocol functionality upgrades.
- Protocol parameter changes.
- New business initiatives.
Likely solutions will need to leverage some combination of token gating and existing popular DAO communication tools (Discourse, Discord, Snapshot, grant solutions, etc.)
Apply now: https://hack.ethglobal.com/ethnewyork2022
BitDAO x Windranger Hacker House @ETHNewYork
During ETHNewYork, BitDAO and Windranger Labs will also be cohosting the first ever BitDAO Hacker House. If you’re interested, make sure to apply now.
We have limited mattresses available.
Dates: June 23 till June 28, 2022
Who Can Sign Up?
We’re looking for people at all stages in their developer journey interested in building tooling DAOs can leverage to make their day to day processes easier!
Participants will be expected to submit a project to ETHNewYork BitDAO prize track (mentioned above) at the end of their stay.
Do I Have to Pay to Participate?
No! The BitDAO x Windranger Hacker House is completely FREE of charge to all selected participants.
How Can I Apply?
We have limited seats! Please apply HERE if you are interested in participating — Acceptances will be going out on a rolling basis!
About
BitDAO is a collective of builders and stakeholders enabling mutually beneficial web3 ecosystems of people, products, and public goods. We utilize our treasury of billions in assets to grow an ecosystem of Autonomous Entities (AEs) with a shared vision for the future — driving the development of web3 tools and technologies across industries including arts, education, media, finance, gaming, and technology — and providing a return to the treasury.
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