The 9 types of DAOs in 2022 that you should know about
What is a DAO?
As per Investopedia, a decentralized autonomous organization (DAO) is an emerging form of legal structure that has no central governing body and whose members share a common goal to act in the best interest of the entity. Popularized through cryptocurrency enthusiasts and blockchain technology, DAOs are used to make decisions in a bottoms-up management approach.
The creativity of the community is truly the limit of what can be built within the DAO framework so read on ahead to find a DAO that resonates to you.
Types of DAOs
1)Protocol DAOs 😎
A protocol DAO is a kind of DAO that is designed to govern a decentralized protocol such as a borrow/lending application, decentralized exchange, or another type of dApp.
Protocol DAO examples:
Three of the most notable protocol DAO examples are Mean DAO, MakerDAO and Uniswap.
Mean DAO is a decentralized autonomous organization (DAO) with a single purpose: to build the decentralized products and blockchain infrastructure necessary to act as the financial equalizer for people and businesses worldwide.
Another example is Uniswap, which is a decentralized exchange that runs through liquidity pools as an automated market maker, which allows for the exchange of different types of tokens, while automatically conserving a balance between the tokens based on supply and demand.
2)Investment & Venture DAOs
Venture DAOs pool capital to invest in early stage web3 startups, protocols, off-chain investments, and get access to portfolios not available in traditional finance.
3)Grants DAOs
Grant DAOs are designed to facilitate nonprofit donations, strategically deploy capital assets throughout the web3 ecosystem, and are either a charitable extension of a larger project or an entirely separate entity in the DeFi space.
4)Collector DAOs
The main purpose of Collector DAOs is for members to pool funds together so that the collective community can invest treasury funds in blue chip NFT art and other collectibles, where each member owns a share corresponding to their personal investment.
5)Media DAOs
In contrast to a top-down approach where content is produced with a central agenda or influenced by advertisers, Media DAOs reinvent traditional media platforms by creating content driven by the community.
Think social media, but instead of corporate organizations governing the profits, individuals in the media network are actively earning a piece of the decentralized organization’s profit.
6)Sub DAOS
A SubDAO is a new kind of DAO that is a subset of DAO members that are organized to manage specific functions such as operations, partnerships, marketing, treasury, and grants.
7)Social DAOs
Social DAOs, or creator DAOs, are focused on the self-organizing community aspect of DAOs by bringing together like-minded individuals such as builders, artists, and creatives.
While Social DAOs are community focused, typically they have a barrier to entry such as owning a specific number of tokens, owning an NFT, or being personally invited.
8)Philanthropy DAOs
Philanthropy DAOs aim to help progress social responsibility by organizing around a shared purpose to create impact in the world of Web3.
9)Hybrid DAOs
Hybrid DAOs are a new type of DAOs that take the best of one or two types of DAOs and function according to them such as an Investment DAO and a Protocol DAO model interjected together.
Continue reading about how far Mean DAO has come since inception a year ago!
Mean Finance is a protocol powering the future of real-time finance anchored by the pillars of DeFi with top privacy, security, and usability. Our mission is to establish our products and infrastructure as the ultimate financial equalizers for people and organizations worldwide.
Go check out our dApp at https://app.meanfi.com and be part of the DeFi revolution 🎉
Official Channels: Website || Twitter || Discord
Useful links for new Mean DAO & MeanFi users:
- How to easily configure token vesting in Solana
- Run crypto payroll with Mean Payment Streaming protocol
- Setup a multisig wallet in Solana in less than 5 mins
Where to buy $MEAN? 👉 Gate.io, MEXC, AAX, MeanFi.
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