Powering $D2D through Prime

How PrimeDAO accelerates cross-DAO coordination

PrimeDAO
PrimeDAO
Dec 6, 2021 · 5 min read

PrimeDAO is launching $D2D, its network token to curate, build and control a suit of DAO products and services.

Here’s the TL;DR

More information about Prime and $D2D can be found below. Details about the $D2D Liquid Launch will be published later this week!

DAOs as networks of networks

DAOs are essentially network organizations that allow for organic coordination. These networks are all controlled by Governance networks that direct resources towards shared goals. In the last two years alone, hundreds of DAOs have emerged to solve collective challenges, with over $18B in assets under management.

DAOs are highly interconnected and interdependent, yet most DAOs currently operate as separate islands, due to a lack of tooling, services, and a shared vision.

It follows from this that reducing the costs of interacting with a network of networks, or cryptonetwork, should be the first step to achieving this goal of a more connected DAO ecosystem. DAO to DAO relations (D2D) seeks to bridge that gap by pursuing a polycentric framework for network governance, mutual skin in the game, and communication between these nascent digital organizations.

PrimeDAO is a collective focused on researching and building next-generation coordination tools for decentralized organizations. We embody Prime’s integrity ethos, a layout that asserts our commitment to enabling DAO2DAO innovations and building a hospitable environment for DeFi mass adoption.

A visualization of a DAO’s life-cycle as it engages and grows with Prime

PrimeDAO enables cooperation on a greater scale than previously possible with the DAO tooling suite it is bringing to the Web3 ecosystem. We are evolving into a D2D builders hub that offers collaboration-as-a-service:

Building DAO products and ventures

Visualization of a possible way value and control may flow in Prime Launch as the product matures

By being a well-resourced network, Prime can iterate on DAO product ideas fast and develop them inside the network until a sense of product-market-fit has been achieved. Once a product finds market-fit, the Prime network (brand, comms, legal, funds) and tools (launch, pools, deals) can be used to scale and accelerate a product or service. This greatly improves the DAO product-life cycle by lowering early risks and reducing scaling costs.

Once launched, a product can be governed and owned by Prime in collaboration with other DAOs, creating pathways for Prime products to grow beyond the potential of the internal Prime network alone. As products gain a more diverse set of stakeholders, they can spin it to become separate ventures with their DAO while maintaining a relationship with PrimeDAO.

Impact on current PrimeDAO stakeholders

The launch of $D2D is the next step in Prime’s evolution. This transition was initiated in Q2 with creating the new Prime brand and the strategic alignment around the main Prime products and partners.

Individuals who have contributed to PrimeDAO during its 18 months of incubation will be rewarded accordingly, as discussed in Prime Tokenomics: V2 Migration and Retrospective Rewards! Up to 5% of the $D2D tokens will be rewarded to current $PRIME holders and early users.

Becoming a headless brand that serves DAOs

Prime’s mission is to turn DeFi into a cooperative ecosystem. While we are building these DAO2DAO products and services, we are paving the way for these interactions by dogfooding PrimeDAO itself into a headless brand — an open value network that builds effective organizational coordination tools to secure the collective future of DAOs all over the world.

We want to establish PrimeDAO as a hub for DAOs to come together and co-build DAO tooling and services. We have seeded this vision in our culture by collaborating with DAOs across multiple phases of researching, designing, and developing our products. Follow the ongoing partnership discussion with GitcoinDAO, OlympusDAO, and BalancerDAO in their or Prime’s forum!

Get Primed!

We’ve never been more confident that DAO2DAO interactions will drive the future of crypto networks. Prime Launch will go live in the coming days, with the Liquid Launch of Prime ($D2D) following soon.

It has never been a more exciting point to get involved in Prime and reshape DAO coordination.

If you are committed to enabling DAO 2 DAO innovation and are interested in collaborating with or getting involved in Prime, jump into our Discord now, and let’s get connected!

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