StackerDAO

Create a permissionless DAO to manage your open network. Perfect for protocol DAOs, NFT communities, ecosystem DAOs, media DAOs, and more.

StackerDAO is a template for permissionless DAOs that use an existing fungible token, NFT, or both as governance tokens. Anyone can became a DAO member by purchasing the governance token. Members can delegate their voting power to other members. Here we describe when you should form a StackerDAO and provide details about its structure.

When to create a StackerDAO

You should form a StackerDAO when you want anyone to be able to become a DAO member. This could be because your aim to create an open and permissionless network where members can easily join or leave. You should not form a StackerDAO if you will need members to fund the DAO (form a Club instead). StackerDAOs do not have built in fundraising mechanisms, and so a DAO built on StackerDAO will have to raise funds through other means. The DAO could either issue its own token and keep a percentage of token issuances in its treasury, use NFT mint proceeds/royalties for an NFT community, or receive a percentage of protocol/product revenue. We suggest that you have an idea of how you would fund your StackerDAO's treasury before forming one.

Types of DAOs that are good fits for a StackerDAO:

• Protocol DAOs - DAOs that manage a smart contract protocol, such as DeFi, marketplace, and other projects.

• NFT Communities - NFT projects can use their existing NFT collections as governance tokens in a StackerDAO.

• Ecosystem DAOs - DAOs that provide grants and build products that further an ecosystem.

• Media DAOs - DAOs that use a network of creators to produce and distribute content.

This is just a non-exhaustive list of what a StackerDAO could be used for. The common thread between these types of DAOs is that a permissionless network is key to their use case.

StackerDAO Structure

StackerDAO's structure is modeled after Compound Governance, which is the most common DAO framework used on EVM chains (like Etheruem).

An overview of the proposal submission and voting process from submission to execution. All of these days are customizable. We suggest a 7 day period from proposal submission to execution using the days displayed in this chart. However, each StackerDAO founder should consider their DAO's needs to determine what lengths are optimal for their DAO's use case.

Here is an overview of StackerDAO:

Proposal Submissions

Governance token holders can submit proposals. The StackerDAO founder can set a threshold number of fungible tokens or NFTs that are required to submit a proposal. We strongly suggest that if you are using a fungible token to set a threshold to prevent malicious actors from purchasing a small amount of fungible tokens and spamming the DAO with proposals.

The StackerDAO founder can set the amount of days between when a proposal is submitted and when members can vote on it. Our default is 2 days to allow some time for the community to discuss the proposal but not long enough to unnecessarily drag out the voting period, however each founder should make their own determination of the appropriate length.

Voting & Delegation

One fungible token or NFT is equal to one vote. The StackerDAO founder can set the amount of days that voting is opened for and the timelock length (time between when a proposal is approved and when it can be executed). They can also set the percentage of members who need to vote for a proposal to be approved (quorum) and the percentage of approve votes required for a proposal to pass.

Members can delegate their vote to other DAO members. They can revoke this delegation at anytime.

Combo: NFT + Fungible Token

Soon, a StackerDAO founder will be able to select the use of both NFTs and fungible tokens for governance. The NFTs identify membership and are required for a person to submit a proposal. To vote, a member needs to hold the NFT and then their governance tokens are used for voting power.

Administrative Powers

A StackerDAO founder can chose to launch with an administrative Team with administrative powers in the event of issues with the DAO. Administrative powers provide the ability for a small administrative Team to submit proposals and administrative voters to vote on administrative proposals. Team proposals have a much faster voting period than normal proposals. They can be used to alter the DAO's rules when an issue occurs. Examples include lowering quorum if it is initially set to high and can never be met and temporarily disabling proposal submission and voting extensions if the DAO undergoes a governance attack.