Introducing the New Decentraland DAO
With Snapshot and a multisig proxy, the Decentraland DAO is cheaper and easier to use than ever
The Decentraland Foundation has just released a new implementation of the DAO which is more affordable, accessible, and useful for all members of the metaverse.
MANA and LAND holders can start creating and voting on new proposals right away at governance.decentraland.org.
To learn the ins and outs of the new DAO, check out the docs.
What’s new in the DAO?
Everything starts at governance.decentraland.org. This is still Decentraland’s governance hub from which proposals are created and voted on.
On the backend, the new DAO uses Snapshot (a gas-less voting platform) to create proposals and to log votes. These proposals and votes are stored on IPFS, making results secure and easy to contest.
Creating and voting on proposals happens fast, with no expensive transaction fees. You no longer have to wrap your assets in order to participate: the DAO looks at your total balance of LAND and MANA at the moment a new proposal is created to determine how much your vote will be weighted for that particular proposal.
This first release of the new DAO does not support MANA on Matic/Polygon, so any MANA that you have transferred to the Matic/Polygon sidechain won’t contribute to your voting power.
Support for Matic/Polygon MANA will be added soon!
The DAO does take into account both unwrapped and wrapped MANA, so if you have wrapped MANA there’s no need to unwrap it to achieve the full weight of your vote. You can unwrap your MANA at any time from the Voting Power tab in the DAO.
Aragon’s tools are still being used to run Decentraland DAO smart contracts. Proposal results with on-chain consequences are enacted within Aragon’s client by a DAO Committee, a multisig controlled by three individuals approved in the previous DAO.
Last but not least, the DAO has been redesigned to be easier to understand, and easier to use. Expansive documentation has been added to help educate users and the flow of creating proposals has been streamlined. Forum topics are automatically generated (and linked to from the DAO!) for every poll, helping to foster deeper and more productive debate within the community.
Community Grants funded by the DAO have been long in the making, and we’re almost there.
The Decentraland Foundation has been working on adding a simple flow for requesting grants within the DAO, and the front and back-end elements are all in place. However, as a community, we need to agree on how big these grants should be and how they should be used before the DAO can start distributing MANA.
So, now that the gas-less DAO is up and running, the Foundation is excited to post the first proposal for a grants framework!
To share your feedback and join the conversation, head to the proposal’s Forum thread.
What does this proposed framework look like?
The Decentraland Foundation is proposing that community grants be organized into categories and tiers. Grant categories help target DAO funds toward specific content and development areas that benefit the Decentraland platform. Grant tiers reflect the amount of funding being requested. A grant in any category can be requested in any tier.
The proposed grant categories
Community: Community grants fund the creation of content or delivery of services intended to grow and educate the Decentraland community.
Content Creator: Content Creator grants fund the creation of 3D and interactive content built for Decentraland’s virtual world. This could be single high quality scenes, or broader experiences deployed in-world.
Platform Contributor: Platform Contributor grants fund code contributions to any of Decentraland’s open source repositories. These grants could help sponsor the addition of new features, improvements to existing code, or bug and vulnerability fixes.
Gaming: Gaming grants exist to help sponsor the development of full-fledged video games built for Decentraland.
The proposed grant tiers
- Tier 1: a one-time payment of $500 - $1500 USD in MANA
- Tier 2: a one-time payment of $1500 - $3000 USD in MANA
- Tier 3: up to a 3 month vesting contract of $3000 - $5000 USD in MANA, with a one month cliff
This is the first stage of rolling out larger grants.
The Decentraland Foundation is aware that the DAO holds a significant amount of MANA and could fund much larger grants. However, in the interest of protecting the DAO’s funds from potential abuse and ensuring the continued success of a grants program for years to come, the Foundation proposes that the community start small.
By adding incrementally larger grant tiers upon the demonstrated success of the program, the DAO can plan to fund larger and larger projects over the next decade while minimizing the risk of either fraudulent grants or unsuccessful teams wasting the DAOs funds.
The Wearables Curation Committee
The Decentraland Foundation is also excited to re-post a proposal for a Curation Committee tasked with moderating submitted wearable collections in the upcoming Wearables Editor.
You can vote on this proposal in the DAO here.
To join the conversation, head to the Forum!
The evolution, and future, of the DAO
During the past two years, DAOs have taken the world of Ethereum by storm. With more and more communities springing up around various DeFi projects, it became clear that a safe, secure, and decentralized way for mutual token holders to organize themselves and make decisions was needed.
DAOs fit the bill perfectly.
By enabling token holders to vote on proposals, projects and protocols were able to give their users a say in how their tech was developed and used. DAOs raised the level of new digital ownership from coins and tokens to entire platforms and, in Decentraland’s case, to the virtual world.
Today’s release makes the Decentraland DAO more powerful, more usable, and more accessible, but it’s only the beginning. In the future, the Decentraland community might like to add additional proposal categories and features to give the community more control over the Decentraland platform.