DAOrayaki Research |Comprehensive Analysis of DAOhaus Governance Mechanism
DAOrayaki DAO Research Grant：
Fund Address: 0xCd7da526f5C943126fa9E6f63b7774fA89E88d71
Voting Result：DAO Committee Yes
Grant Amount：70 USDC
Category: DAOhaus, MolochDAO, Transmutation, Community Contribution Opportunity (CCO), Proof of Contribution, Fair Launches
Contributor：Jones @Daorayaki，朱莉白 @Daorayaki
Founded: The DAOhaus project has been found in 2019 at ETH Berlin.
Token name: The DAOhaus token launched out under the name HAUS on 13th, March 2021.
Token type: DAOhaus token issued under the standard protocol ERC20.
DAOhaus is a platform built by the people, for the people. At its core, DAOhaus looks to empower anyone adding value to the DAOhaus ecosystem, regardless of their social status or previous accolades. Moreover, the core ethods of DAOhaus is to create a truly self-sustainable protocol with integrity at heart “Community should always be prioritized over capital”. To drive such a truly open ecosystem, DAOhaus established the DAOhaus DAO as a governing entity responsible for allocating funding for DAOhaus development and distributing HAUS tokens to contributors.
II Team members
There is not that much information about the DAOhaus dev team from as far as we know, major contributors on the DAOhaus project are listed below:
- John D.Storey A.K.A “johndangerstorey”: known as a web developer and an Ex-consensys a long his contributions on NFT community.
- Twitter Account: https://twitter.com/j0xhnD
- Nikhil-Bhaskar: There is no information concerning Nikhil expersies at the moment, excepet for his account at Github.
- Github Account: https://github.com/Nikhil-Bhaskar
- Daniel Holmgren A.K.A “Dholms”: from Dholms Github repository it seems like he his interesting in various DAOs protocol from a programming perspective since he is a web developer.
- Github Account: https://github.com/dholms
III The DAOHaus governance and incentive mechanisms
DAOHaus is governed by UberHaus, where this latter governs the DAOhaus platform and ecosystem, including the HAUS token. Moreover, UberHaus members are the DAOs that construct the UbserHaus DAO in the first place with a best position to make decision about what DAOs need to be successful. Furthermore, DAOHaus governance consists in airdropping 10.3% of HAUS to DAOs across the Moloch Ecosystem including; MetalCartel, Raid Guild, Meta Gamma Delta, Venture DAO and another 70+ DAOs, by airdropping HAUS to DAOs, DAOHaus can enforce some ‘minimum level of coordination’ between them, leaving each DAO to choose their own path. A new experiment in DAO coordination!
An UberDAO of DAOs:
The development of DAOhaus has been overseen by small team operating as a DAO making the governance fairly easy, where the granular unit of governance for a platform built for DAOs is, in fact, the DAOs, and not necessarily the “users”. As critically important as the users are, the dev team believe that the evolution of the DAOhaus platform will be better served by vesting the governance power to make decisions about the future of the platform (and the HAUS token) in the DAOs that use the Haus.
Governance Mining at work:
DAOs stake their HAUS to get voting shares for UberHaus governance. DAOs that vote, propose, analyze proposals, and show up for monthly meetings get more HAUS. From the other hand, DAOs shares that remain staked in UberHaus will receive 4x rewards during the farming period of one year. Besides being a pretty good incentive to stick around, it’s also a clear commitment to the belief that the DAhaus ecosystem can’t run without a community and a decentralized community can’t run without governance.
HAUS Mining Rules:
Rewards will be distributed based on the percentage of the staked HAUS of your DAO in UberHaus. In addition to that, the rewards will build up over time:
- 1000 HAUS for the first three months period.
- 2000 HAUS for the second three months period.
- 3000 HAUS for the third three months period.
- 4000 HAUS for yet another three months period.
HAUS Tokens are seen as a “proof of contribution” token, meant only to represents the contribution of project participants. Hence, the first uses of HAUS token involved DAOs that want to take part in UberDAO and have a material vote in the future of the DAOhaus platform (and HAUS itself) by staking a quantity of HAUS.
There’s something fun buried at the center of the HausDAO code. It’s called “transmutation”. This transmutation is considered a big deal as a core dynamic that can shift the way that humans cooperate. HusDAO team thinks the transmutation is step closer to building a system where contribution is duly and rightly reflected within systems of human collaboration. This, in turn, is a step closer to the newest unicorn on the block, the “fair launch”.
How Transmutation Works:
To explain how transmutation works it’s probably easiest to start from the example: HausDAO. HauDAO launched when a community of contributors come together around the idea that they could improve the interface of Moloch DAOs. During this phase all funds were sent as tribute into the DAO Bank, these funds are used to pay for work services via proposals. Usually these would be “funding” proposals, but in HausDAO case they are “transmutation” proposals. When a traditional funding proposal passes a DAO vote, funds nove from the DAO bank to the receiving address. When a transmutation proposal passes, the funds move to the receiving address and also a quantity of HAUS token is sent back to the DAO bank as well. Since HausDAO is a Moloch DAO, all shareholders can rage quit at any time. Also, participants who rage quits HausDAO will walk away with their proportional share of what remains of the bank which already includes the HAUS token added to represent their contribution.
The fair launch movement, at its core, rests on the notion that it is a virtue to launch a project in such a way that governance and share of value are (at least eventually) distributed in a fair manner. DAOhaus believes that the key to a fair launch is to accurately and effectively represent the contributions of not only those who imagine a thing, or put up the money for a thing, but also those who build it, maintain it, and keep it alive.
Proof of Contribution:
The idea of transmutation is to implement a continuous function within a DAO that provides “proof of contribution”, thus the HAUS token is attainable only through transmutation. This means there are only two ways to get it: buy it on the open market in the future or contribute to DAOhaus.
Community Contribution, Community Treasury:
Much like IPO or an ICO, a CCO is, at its core, a way to raise money. But it is different way to raise money. An IPO is a stock offering, and an ICO is basically the same with tokens instead of stocks. A CCO is something different. A CCO is about community coming together to support a project. The funds flow directly into a DAO, which is ultimately controlled by the same community through their power to vote on proposals and/or rage quit. When a project raises money through traditional means these dynamics are very different. The money flow in and the investors basically just have to hope that the team does as they promised. Through a CCO there are proactive ways for investors to be involved. This difference in dynamic alone has made all the difference in our experience. Everyone involved with the project, from the core team to the investors has a different relationship to the project.
HausDAO uses the following contracts for its construction:
- Moloch V2 — DAO with non-transferable rights that’s optimized for grants and investments.
- Minion — A smart account that is controlled by Moloch votes.
- Transmutation — A Minion extension that allow for the trustless exchange of an external (revenue) token for GuildBank assets (WXDAI). This allow members to pool funds in a DAO, rage-quit capital that isn’t committed/drawn-down, but also receive rage-quittable tokens when capital is drawn down. This creates a win/win where members either get their cash back or a claim on an external token in exchange for their cash.
- Vesting: Lock tokens and releases them bases on a time delay and/or DAO vote.
The HausDAO will be a Moloch V2. The Moloch V2 code is audited and battle tested. The HausDAO Moloch V2 GuildBank will hold the donations from contributors. Meanwhile, The Minion, Transmutation, and Vesting contracts are not audited. Minion is only responsible for calling the Transmutation contract. Transmutation is responsible for holding the HAUS tokens and submitting proposals to the Moloch V2. The Vesting contract will only hold HAUS tokens.
If the Minion, Transmutation, and/or Vesting contracts are compromised the tokens in the HausDAO GuildBank will not be affected. Share and Loot holders will still be able to rage-quit to redeem a propotional share of the GuildBank. In the event that a contract is compromised HausDAO can redeploy the HAUS tokens and award everyone their due amount. The only GuildBank tokens that might be at risk would be those that the Minion is requesting I na single proposal.
V Contact information
Official Website: https://daohaus.club/
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