3 ms·
The DAO should allow the owners more control of funding. Instead of a single "creation period" with arbitrary fixed rules to fund The DAO, new funding rounds sh
by reddytowns 10y ago
The DAO should allow the owners more control of funding. Instead of a single "creation period" with arbitrary fixed rules to fund The DAO, new funding rounds should be possible, that can be voted on as any other proposal.
This would prevent The DAO from running out of funds to support a long term but seemingly viable project midway, either due to splits/withdrawals or because of unexpected additional costs.
It also would allow a group of investors to split from The DAO and form a more private organization. They could decide not to have an initial "creation period", thereby preventing outside investors from getting in and upsetting their shared vision. They could also then have a funding round which guarantees they still own more than 50% of their DAO.