Moloch DAO has $4m+ to grant and is opening up sub-guilds
We summon your blood, sweat, and ideas
Today is Moloch DAO’s two year anniversary and we are announcing an innovative new system in order to better facilitate our mission of giving targeted grants for projects across the Ethereum ecosystem relating to privacy, layer 2 scaling, client security, and more.
Moloch DAO is a guild, but we will now have sub-guilds. Sub-guilds are factions that will research and vet high quality proposals with an independent focus. People can collaborate within a sub-guild and then apply for DAO membership. Members of the DAO can propose new sub-guilds.
We currently have ~$4.6m at our disposal and invite you to bring your blood, sweat, and ideas to Moloch DAO.
Moloch DAO was deployed to the Ethereum blockchain on February 14, 2019. Its goal per the original whitepaper was to “to fund and further the development of public infrastructure related to Eth 2.0.”
Since inception, Moloch has awarded ~$700,000 in grants ranging from projects like DApp Node, Ethereum Cat Herders, Tornado Cash, Lodestar, Lighthouse, clr.fund, and multiple reports — State of Eth2.0 (2019), State of the Mixers (2019), State of Optimistic Rollup (Feb 2020), Eth2.0 Economic Review (July 2020).
We have also inspired Moloch members to design alternative funding systems such as Open Grants which currently has 3600 ETH allocated to Eth2.0 development.
The impact of Moloch as a DAO in servitude to Ethereum will be accelerated by funding a synergetic portfolio of projects and also have an ecosystem of builders and thinkers that will collectively help make the projects we fund successful. That is the power of what a DAO model has to offer, as opposed to a traditional VC or foundation model.
This is coming to life in the form of a new sub-guild system, to identify and enable important funding gaps (beyond Eth 2.0!) and receive operational budgets to organize as research groups. Sub-guilds can also operate as a bootstrapping force that provides acceleration, strategy, talent pooling and funding and ensures great ideas get the funding support they deserve. Want to start a sub-guild?
The funding thesis of Moloch’s first sub-guild, Guild1, is about advancing privacy and user experience within the Ethereum ecosystem. Guild1 exists as a body within Moloch DAO to help drive adoption to standards, protocol changes, applications, coding patterns and SDKs that will protect all of our user’s fundamental human rights, with privacy at the core. Learn more about Guild1.
Guild1 will also assist in helping Moloch members incubate new sub-guilds (Eth1.x or layer 2 scaling guild, anyone?). We want to hear about your sub-guild ideas and also invite you to collaborate with Guild1 (and get compensated for your work)! Join us on our open discord chat today!
Moloch DAO is also looking for unbiased researchers to write reports on the following topics:
- 1. Scaling Ethereum via L2
- 2. Advancing Eth1.x
- 3. Privacy Options for Ethereum Clients
- 4. Privacy UX
- 5. Privacy inside the Ethereum Ecosystem
- 6. Privacy outside the Ethereum Ecosystem
- 7. Novel means and best practices for minimizing MEV in DeFi
The budget is ~$2,000-$5,000 per report. Do you want to contribute to one of our 7 research reports? → learn more and apply here
This blog was produced by Moloch Guild1. Image header by Sheal. Video animation by @wadadawadada with creative direction by Nuspeed, Sheal and many other Guild1 members we will be introducing at some point in the future. Want to help us? Join the discord!