The next dHack is fast approaching! After the ETHWaterloo hackathon on November 8–10, a DAO will distribute $6,000+ USD in prizes to ETHWaterloo hackers looking to continue working on their projects. The hacker community itself will control this DAO.
What exactly is happening at ETHWaterloo?
- ⚗️ dHack is launching a DAO on DAOstack’s Alchemy app. All ETHWaterloo participants will have voting power, also known as Reputation.
- 💸 This DAO will manage a budget equivalent to $6,000+, sponsored by ETHGlobal and the Genesis DAO.
- 🔓 The DAO will open to proposals 1 day after ETHWaterloo, and all ETHWaterloo hackers will be invited to submit proposals to fund continued work on their hacks post-ETHWaterloo.
- 🗳️ DAO voters will be the community of ETHWaterloo participants themselves and will decide which of these project proposals pass and receive continuity funding.
- 🔮 This same DAO can be reused for dHacks at future ETHGlobal events, giving participants from previous events influence on future funding decisions.
All ETHWaterloo hacks are eligible to apply, so keep this in mind as you work on your project!
Go here to learn how to claim your voting power and participate in the dHack.
ETHWaterloo will be the fourth decentralized hackathon, and it will mark the first time a more permanent DAO is established. As we’ll see, this is an important piece of the project’s long-term vision for decentralized ecosystem development.
dHack is setting out to improve the hackathon experience for both planners and participants:
- 📅 For planners: set up a hackathon, continuity fund, or accelerator, including judges, prize money, and a community of hackers, via a simple proposal.
- 👩👩👦 For participants: get funding to continue your hackathon project; have a voice in deciding which projects your community funds.
How will we get there? dHack envisions a future of field-specific “megaDAOs” with the power to launch any number of hackathons, continuity funds, and even accelerators, where the field might be Ethereum, video game design, or any other hackable system. Each dHack launched by a megaDAO is itself a smaller DAO: the dHack at ETHWaterloo is an example of a “continuity fund” that one of these megaDAOs might launch. For each dHack, participants will receive some voting power in the parent megaDAO, letting these large DAOs build inter-event communities of participant stakeholders over time.
This kind of participation-to-voting-power relationship is a new experiment, and it’s one we’re excited to see come to fruition in the dHack over the next year or so!