John C Palmer, Steve Klebanoff, and Danny Aranda of Party Protocol

My guests today are John C. Palmer, Steve Klebanoff, and Danny Aranda, founding members of PartyDAO, creators of the Party Protocol.

Party is a dapp for onchain group coordination. With Party, a small group of friends or a large group of strangers can come together to raise funds and buy an NFT, trade tokens, or complete any other onchain activity together. Party is a group wallet with onchain governance, designed to allow parties of people to move quickly and get things done onchain.

On this episode, John, Danny and Steve explain how they have expanded Party's purview from the original Partybid group NFT purchasing experience, to the Party Protocol, which is more flexible. The new Party allows people to crowdfund ETH without a predefined acquisition target, or sell party memberships as timed and limited editions.

Operators, a new feature launched just one day before this recording, solves a sticky problem familiar to multisig signers and onchain DAO members alike. When coordinating to execute time sensitive onchain transactions like a DEX token swap, Safe multisigs and Governor DAOs often have difficulty, as the swap orders they collectively approve expire and would revert, by the time constituents have signed the transaction or voted on the proposal.

Party Operators allow party members to vote on an intent, which describes parameters like the tokens to be swapped and an acceptable exchange rate, as well delegate execution of the swap to qualified party members. Operators separate voting on transaction intents from their execution, solving the delays that plague existing onchain coordination schemes.

Towards the end of the call we talk about the brand vision, values, and aesthetic choices the team has made, which represent a unique perspective amongst their peers.

It's always a great time getting together with the PartyDAO crew to discuss their perspective and approach to building tasteful crypto products. I hope you enjoy the show.

As always, this show is provided as entertainment and does not constitute legal, financial, or tax advice or any form of endorsement or suggestion. Crypto has risks and you alone are responsible for doing your research and making your own decisions.

Links

• Hosted by @nnnnicholas
• Party.app
• PartyDAO Github
• Party Protocol Docs
• Party Notion
• John's Multiplayer alignment matrix

Chapters

(00:00:00) Introduction

(00:09:37) Two axes of coordination in crypto: on-chain/off-chain, economic/social.

(00:11:50) Categories of on-chain coordination

(00:20:36) Group bids to fractionalize NFTs

(00:25:24) Introducing new protocol with diverse use cases.

(00:33:07) 3 components of the product: group formation, decision-making, execution.

(00:39:16) Party can be used for group activities like trading NFTs.

(00:41:47) Ethereum group solutions for regular consumers.

(00:50:02) New proposal type separates consensus and execution.

(00:52:18) Three parts: UX, gas cost, security risk

(00:57:50) Intense conversation about general intent and behavior.

(01:02:32) Choosing qualified executors and protecting best interests.

(01:09:47) Consumer-focused crypto product.

(01:23:46) Open-source protocol seeks developers for collaboration.

(01:29:56) Using ETH to fund proposals.

(01:33:03) Party fund projects, release NFTs

(01:36:43) Crypto parties generate revenue through competition.