devcon 7 / daos unmasked the hard truths behind the hype
Duration: 00:27:50
Speaker: Lefteris Karapetsas
Type: Talk
Expertise: Beginner
Event: Devcon
Date: Nov 2024
The paradox of centralized tools doing accounting for decentralized finance
This talk is going to be about a paradox that has been prevalent since the early days of Cryptocurrencies. Cryptocurrencies were made to empower the individual, to be their own bank and to enable financial freedom without having to rely on centralized institutions. The paradox lies in the contradiction that when people want to do accounting or analytics for this new financial system they happily turn to centralized tools. This act enforces the status quo of finance being managed by centralized platforms and goes against the spirit of decentralization, undermining everything we are building. The talk will present multiple examples of this paradox in the world around us, from the way people do analytics (Blockfolio e.t.c.), to the way they do tax accounting (Bitcoin Tax e.t.c.). There will be some theorizing on why this is the case and underline why this is bad for the ecosystem and exceptionally dangerous for the people who utilize such services. Finally potential solutions to this problem will be presented, showing how a tool that performs decentralized financial analytics, accounting and tax reporting should look like in order to respect user's privacy and fit in this new era of decentralized finance we are now entering.
Cultivating the Understory : Building Resilient DAOs
Let's explore the overlooked "understory" of DAOs and teams: the human layer that forms the foundation of successful decentralized governance. While much attention is given to the technical and structural aspects of DAOs (the "overstory"), we'll dive into the cultural, social, and distributed leadership elements that are crucial for the longevity and effectiveness of anything we build. Themes: DAO Ecology, Decentralized leadership, Coding culture DNA, Biomimicry for Governance
L2 DAOs - biggest challenges we face to make L2s sustainable long term
Today L2 DAOs are mostly focused on growth and supporting their ecosystem builders. But long-term they will be responsible for the management and maintenance of their chains from all perspectives - ecosystem growth, software development, security, chain economic parameters management, and others. In this talk, I will explore what DAOs need to figure out and fix before they will be able to take this responsibility in the coming years and why we should be addressing those issues already today.
Liquid Staking for DAOs
DAOs face a critical challenge: aligning token holder interests with long-term success while maintaining effective governance. This talk explores the tension between governance participation and financial gains, as well as the dangers and opportunities posed by restaking protocols using DAO tokens. We'll examine how misaligned incentives can compromise DAOs and discuss innovative solutions like liquid staking and token splitting.
The DAOs of the East
DAOs are growing fast in East Asia, and they work very differently from DAOs in the West. From regional revitalization in Japan to Taiwan's digital ministry to the Chinese diaspora, I'll cover many examples and what they mean for the global community of DAOs.
The Shape of Protocols to Come
Ethereum defies easy categorization—it blends aspects of money, nations, and more, yet doesn't fit neatly into any single category. To build better mental models for understanding Ethereum, we've spent the past two years stepping back and exploring the broader class it belongs to: Protocols. This talk explores the fundamental properties of protocols, strategies for navigating them, and how Ethereum can uniquely contribute to this emerging research field.
Transforming Systems: Lessons from Taiwan's Movements
I will talk about the most recent struggles of open source communities in Taiwan, g0v specifically, how da0 has been trying to help in the past year or so, the conclusions we had and what is still missing. g0v has been running bi-monthly hackathons for 10 years now, which has been the key foundation for the community. April this year they stopped due to lack of funding support, we use this as a point of reference and how a web3 oriented subgroup like da0 could have done better, and the future.
Lessons & Learning in People Ops at the EF
In this talk, you will learn more about the learnings of People Ops at the EF gathered after the first two years of its existence. We will discuss the differences between People Ops in an open and decentralized setting, such as the EF and centralized, traditional organizations, and the required differences in approach and tradeoffs.
ArbitrumDAO: A Year Review with Lessons Learnt, Interesting Research Questions & Future Direction
The ArbitrumDAO was born in March 2023. To date, the DAO has voted on 280+ temperature checks (snapshot), 40+ on-chain proposals (tally) & allocated >400m ARB. We take this time to reflect on a few questions: - Why should an L2 care about governance with on-chain voting? - How is the DAO's organisational structure evolving over time? - What does a DAO like to vote on? - Can too much decentralization lead to oscillation? Finally, a list of interesting research questions for others to tackle.
Civic Tech Meets DAO: Lessons from Japan's Largest Digital Public Goods Community
Code for Japan, Japan's largest civic tech community, is implementing DAO concepts and Ethereum coordination mechanisms to enhance its decentralized structure and sustain open-source projects. This talk explores our journey in applying on-chain governance to an established volunteer-based community, highlighting our approaches to contribution visualization and project support using NFTs and QF. We'll share key challenges, solutions, and learnings from bridging web2 and web3 in civic tech.