Bankless Monolithic to Modular DAOs with Julz Rosenberg | Layer Zero
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Jun 21, 2022 Julz Rosenberg, Co-founder of Orca Protocol, dives into the exciting world of modular DAOs, shedding light on their evolution. He introduces the concept of 'pods' as a way to simplify coordination and enhance trust within decentralized organizations. The conversation explores the contrast between 'Trustware' and 'Socialware' in decision-making processes and critiques current governance models. Julz shares insights on the challenges of transitioning from monolithic to modular structures, highlighting the transformative potential of innovative governance.
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Modular DAOs
- DAOs are currently monolithic, with token-weighted governance deciding every decision, causing apathy.
- Modular DAOs, like modular blockchains, are the next frontier, enabling compartmentalized decision-making.
Trustware vs. Socialware
- DAOs can leverage blockchain's trust layer to improve human coordination, scaling trust within organizations.
- "Trustware" uses digitized trust centers (e.g., governor contract) to minimize reliance on human coordination, unlike traditional orgs.
The Governor Contract's Impact
- The Compound Governor contract, a primitive for token-weighted voting, became the standard for DAO governance.
- This led to issues like whale dominance and voter apathy, highlighting the need for improved governance processes.