Unchained

How Soulbound Tokens Could Reduce Speculation and Improve DAO Voting - Ep. 360

Jun 7, 2022

Glenn Weyl, founder of the RadicalxChange Foundation and political economist at Microsoft, teams up with Pooja Ohlhaver, a strategist at Flashbots. They dive into soulbound tokens, revealing how these non-transferable NFTs could reshape decentralized identity and improve DAO governance. The conversation explores the balance between community participation and individual roles within decentralized networks. They also discuss the potential for soulbound tokens in establishing trust for under-collateralized lending while addressing security challenges in the Web3 ecosystem.

58:47

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Episode guests

Pooja Ohlhaver

Glen Weyl

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Episode notes

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Quick takeaways

Soulbound tokens support decentralized collaboration in web3 through non-transferable uniqueness.

Decentralized cooperation empowers diverse communities for consensual decision-making and coordination.

Sol bound tokens enable innovative financial applications by staking reputational value and commitment.

Deep dives

Introducing Sol Bound Tokens

Sol bound tokens are non-transferable tokens that represent unique entities or affiliations, originating from the idea of NFTs and World of Warcraft items tied to character identities. This concept provides a new way to connect social, economic, and technological structures within the web3 community.

Intro

2min

Exploring Soulbound Tokens

5min

Empowering Communities Through Decentralized Coordination

3min

Exploring Soulbound Tokens and Digital Identity

20min

Empowering Decentralized Communities

4min

Exploring Soulbound Tokens for Trust and Lending in Crypto

3min

Enhancing Diversity in DAOs

12min

Exploring Soulbound Tokens and Governance

7min

Glen Weyl, RadicalxChange Foundation founder and political economist & social technologist at Microsoft Special Projects, and Puja Ohlhaver, strategist at Flashbots, discuss “soulbound tokens” and their implications for collaboration and social organization in a variety of spaces. Topics covered include:

how Glen got involved in crypto, wrote a book, and came to co-write a paper with Vitalik Buterin
how Puja studied economics and got in touch with Glen in pursuit of a middle ground between left and right politics
what soulbound NFTs are and how they work
how Vitalik’s paper articulated how the concept of the soulbound token could advance decentralized collaboration in web3
how decentralized reputation can enable larger networks of coordination
how identity can be understood through the lens of community participation
how the name ‘soulbound token’ came about
how these tokens could provide a technology for those who value scarcity but disdain speculation
how identity-dedicated tokens could work on a technical level (including recovery)
what is DeSoc and why is it important?
how non-transferable tokens can improve DAO organization, including resolving issues with quadratic funding
how identity-locked tokens can be protected from bots and AI abuse
how these tokens could support community privacy and responsible information disclosure