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https://warpcast.com/~/channel/daos
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Hodlon
@hodlon
Let’s take a look at ProtoDAO, one project currently experimenting with reputation-based governance systems. ProtoDAO is the onchain organization that stewards Hats Protocol. You can read about Hats Protocol here https://www.hatsprotocol.xyz/ 1/
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Hodlon
@hodlon
ProtoDAO was launched in September 2023 by Haberdasher Labs. You can read more about that launch here: https://hats.mirror.xyz/novgFmPfRzlHsJ2StKvQV48lh0CKHMLxeCBgMerrqEs 2/
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Hodlon
@hodlon
There are three levels of participation in ProtoDAO, each somewhat more involved than the last. 3/
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Hodlon
@hodlon
First, people are invited to join as Community Members. This role (ie “hat”) grants them access to team workspaces, town halls and the group chat. From there, Community Members are invited to participate further in the DAO through a clearly defined path that leads to Active Contributor then Steward. 4/
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Hodlon
@hodlon
The structure and transparency of these roles allow anybody to choose their level of participation in the organization. There’s no guessing, lurking, politicking or having to ask the right questions to the right person to know exactly how to contribute from day one. 5/
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Hodlon
@hodlon
So, how is reputation distributed to ProtoDAO participants? Via ProtoRep! By crossing the line from member to active contributor you start earning ProtoRep, a nontransferable reputation-based token that quantifies your contributions to Hats Protocol. An overview of work done must be submitted to receive them. 5/
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Hodlon
@hodlon
What is the ProtoRep used for? Active Contributors can then choose to deepen their involvement by becoming a Steward. At this time their ProtoRep turns into ProtoVote 1:1 and becomes voting power. The more Rep you’ve earned (ie, the more you’ve contributed), the more voice you have. 6/
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Hodlon
@hodlon
DAO Stewards can now engage amongst themselves within a reasonably fair system of governance. They can distribute ProtoRep to contributors, manage DAO resources and make any other relevant decisions about Hats Protocol as a group. Reputation-based governance unlocked! 7/
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