Mariano Conti, the head of smart contracts for MakerDAO and creator of SelloutDAO, and Peter Pan, the summoner for Metacartel DAO, discuss all things DAOs, including how Peter started Metacartel DAO after being rejected from MolochDAO, and why Mariano initially voted against Peter joining. (Peter eventually joined.) They also discuss how they came to form YangDAO, why Mariano almost rage quit MolochDAO after the YangDAO formed, and how other MolochDAO members felt about SelloutDAO, which Mariano describes as an experiment in "on-chain corruption." We discuss how DAOs are actually heavily built on trust and why they require a lot of social coordination off-chain. They also discuss funding for LAOs, which have a legal entity such as an LLC affiliated with them, why Metacartel is launching a LAO, and which types of projects should be funded by DAOs vs traditional corporate structures. We also cover governance issues at MakerDAO, why it has a CEO, and what role leadership in general plays in a DAO.
Thank you to our sponsors!
Crypto.com: https://crypto.com/
Kraken: https://www.kraken.com
CipherTrace: http://ciphertrace.com/unchained
Episode links:
Mariano Conti: https://twitter.com/nanexcool
Peter Pan: https://twitter.com/pet3rpan_
MakerDAO: https://makerdao.com/en/
https://chat.makerdao.com
Metacartel DAO: https://www.metacartel.org/
https://twitter.com/meta_cartel
SelloutDAO: https://selloutdao.com/
Unchained interview with Ameen Soleimani of MolochDAO: https://unchainedpodcast.com/molochdao-could-this-decentralized-autonomous-organization-help-ethereum-scale-faster/
Unchained interview with Santiago Siri: https://unchainedpodcast.com/how-blockchains-can-help-create-little-democracies-everywhere/
DAO Revival: https://www.coindesk.com/in-berlin-a-dao-renaissance-begins
https://www.bloomberg.com/news/features/2019-10-05/crypto-rebels-trip-over-each-other-en-route-to-financial-utopia
Andy Milenius’s account of MakerDAO’s change from a decentralized to a centralized project: https://www.scribd.com/document/407743542/Zandy-s-Story
CoinDesk story on the rift: https://www.coindesk.com/darkest-days-yet-purple-pill-tell-all-details-years-long-rift-at-heart-of-makerdao-stablecoin-project
Two most recent MakerDAO votes: https://vote.makerdao.com/executive-proposal/keep-the-stability-fee-set-to-a-total-of-105-per-year
https://vote.makerdao.com/executive-proposal/lower-the-stability-fee-by-2-to-a-total-of-85-per-year
https://vote.makerdao.com/polling-proposal/qmpem83sxjjwe1jvn2csdtetn4r3j95ejuzpbmtxef4lu5
Unchained interviews with Rune Christensen of MakerDAO: Part 1: https://unchainedpodcast.com/rune-christensen-of-makerdao-part-1-how-to-keep-a-crypto-collateralized-stablecoin-afloat/
Part 2: https://unchainedpodcast.com/rune-christensen-of-makerdao-part-2-how-dai-stayed-at-1-while-eth-crashed-from-1400-to-85/
MakerDAO vulnerabilities:
ETH could have been stolen: https://hackerone.com/reports/684092
https://thenextweb.com/hardfork/2019/10/03/makerdao-security-vulnerability-ethereum-dai-stablecoin-collapse-theft-cryptocurrency/
The LAO: https://medium.com/openlawofficial/the-lao-a-for-profit-limited-liability-autonomous-organization-9eae89c9669c
Critique of the LAO: https://prestonbyrne.com/2019/09/03/the-lao-demystified/
MakerDAO launching multi-collateral Dai: https://www.coindesk.com/makerdaos-multi-collateral-dai-token-is-launching-nov-18
https://blog.makerdao.com/breaking-launch-date-of-multi-collateral-dai-announced-at-devcon-5/
Are DAO’s legal? https://www.coindesk.com/new-interest-in-daos-prompts-old-question-are-they-legal
Unconfirmed interview with Uniswap: https://unchainedpodcast.com/how-uniswap-quickly-became-one-of-the-most-popular-dexes/
Unconfirmed episode with Ryan Zurrer about resurrecting the DAO: https://unchainedpodcast.com/why-ryan-zurrer-would-like-to-see-a-new-dao/
Unchained interview with Aragon: https://unchainedpodcast.com/how-aragon-hopes-to-improve-on-democracy/
Anatoly Yakovenko on Solana’s Astounding Recovery and Its Future Plans - Ep. 578
The Chopping Block: How This DeFi Hack Negotiator Gets Hackers to Return Stolen Money Ep. 577
Why Presidential Candidate Vivek Ramaswamy Is So Pro-Crypto - Ep. 576
Why the Crypto Industry Is So Upset About the IRS’ Proposed New Tax Reporting Rules - Ep. 575
Sam Bankman-Fried Whisperer Tiffany Fong Spills Some Tea - Ep. 574
The Chopping Block: What Does Binance’s Record $4.3 Billion Settlement Mean for Crypto? - Ep. 573
Why Financial Advisors Are So Excited About a Spot Bitcoin ETF - Ep. 572
Could the Bank Secrecy Act Harm Crypto? Coin Center Thinks So - Ep. 571
How Much Money Are Terrorists Actually Raising in Crypto? - Ep. 570
The Chopping Block: Why Vivek Ramaswamy Wants Less Crypto Regulation - Ep. 569
How Can OpenSea Regain Dominance After Layoffs and the NFT Market Decline? - Ep. 568
The Chopping Block: Did Blur Cause a Decline in the NFT Market? - Ep. 567
A 20+ Year Sentence? Why the Evidence Against SBF Was Too Hard to Overcome - Ep. 566
Two Genesis Creditors Describe Their Frustrations With the Bankrupt Crypto Lender - Ep. 565
SBF Trial, Day 18: Sam Bankman-Fried Found Guilty on All 7 Counts in Swift Verdict
SBF Trial, Day 17: Closing Arguments Ask: ‘Villain or Good-Faith Actor?’
The Chopping Block: Nic Carter on Hamas’ Crypto Funding, SBF’s Courtroom Collapse, and Dramas Involving Lido and dYdX - Ep. 564
SBF Trial, Day 16: In Final Cross Examination, SBF Gets Caught Again by His Own Words
SBF Trial, Day 15: Prosecutors Hammer Bankman-Fried’s Contradictions With Reams of Evidence
Why SBF's Testimony So Far Has Likely Already Doomed Him - Ep. 563
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