Overview

DAOs (Decentralized Autonomous Organizations) are entities collectively owned and governed by a community organized around specific rules enforced on the blockchain, with no central leadership. They are internet-native organizations, owned and managed by their owners, operating under a common shared goal and acting in the entity's best interest.

DAOs have built-in treasuries that are inaccessible without the approval of the members. Community members create proposals about the future operations of the protocol. They then come together to vote on each proposal within a specified period. The rules implemented within the smart contract then accept and enforce proposals that reach a certain level of consensus.

In contrast to conventional organizations, DAOs lack hierarchy. Instead, they provide incentives for a dispersed network of users to accomplish their objectives to match the organization's interests with those of its members. Users can vote on proposals by owning and locking cryptocurrencies into a voting contract.

The Problem

<aside> 💡 Newcomers to a DAO face difficulty before making their first meaningful contribution. They must find a DAO to join, understand what it represents, and figure out how to make a meaningful contribution.

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The rapidly evolving web3 and blockchain space have brought many solutions, such as data ownership and eliminating a central point of control. These solutions have addressed financial issues faced by users. However, there is still the question of how easy it is to interact with them, especially for new users.

Decentralized Autonomous Organizations (DAOs) are a crucial use case of web3. Finding DAOs to join, understanding their purpose, and figuring out how to make a first substantial contribution are challenges faced by newcomers before making their first meaningful contribution.

What InsideDAO Aims to Achieve

InsideDAO aims to discover and understand how to:

• Make it easy for users to find and join DAOs.
• Effectively onboard new users to DAOs.
• Provide an information and learning hub for new and existing users to better understand how to interact with DAOs.
• Simplify the language used in the DAO ecosystem by using less ambiguous terms and phrasing.

Research

• User Interviews

We conducted interview sessions with three participants to understand their past issues when interacting with DAOs. We asked the following questions and gathered insights:

User Interview Questions:

1. Are you currently a member of any DAO? If so, which one?