From DAO to DO
Over the time I have been working in this space, I have learnt a lot about true decentralization and the purpose of an organization. True decentralization within an organization in an autonomous way is difficult to achieve. It takes years of work and work that is often performed on an automated basis that constantly redistributes the value that the protocol generates.
That is why companies like Uniswap work with a DO (Decentralized Organization) structured organization that constantly aligns the incentives of the people that work within the organization.
I believe the incentives within the Nerd organization have not been aligned due to the poor structure of distributing value to the people that work in the organization. Having a strong value distribution structure is essential to creating efficiency within any organization.
And that is why I propose to change the Nerd DAO structure (community-driven) to a DO
(Decentralized Organization).
I propose a For-Profit Organization that is managed by three in-house teams.
- Nerd Laboratory Team :
* Laboratory Team will be divided in two smaller Teams:
-Operations Team
-In charge of day to day operations
* Overviewing Team
-Project Portfolio management
* Financial Team
-Investing
-Keep track of accounts
-Multisig overview
* Project Manager
-Nerd Developers Team
-Partnership with AXA studios For big projects
-Multisig overview
* In-house developers and graphic designers Team For smaller tasks within the projects
-Nerd Marketing Team
-Digital marketing Team
-Content creation Team
To achieve this proposed change in structure, I propose the minting of the remaining 87,851.718975 (100,000 total) NERD Tokens for a distribution that would be divided in three parts:
- In house-teams
- OTC Deals for new Investors
- Funding for projects
The main idea is that each project that we manage receives a certain amount of Nerd Tokens. After the project receives X amount of tokens, the tokens get split within the three in-house teams, and each team divides the tokens to each macro-task. Furthermore, the macro-tasks can then be split into even smaller tasks. This will work as bounties for the teams, incentivizing their contribution to the project and making a clear path on the task that must be performed.
After the decision of starting a new Nerd project gets established, tokens first get pre-distributed to a multisig of the project. Then the idea is that the for profit protocol or project that we are building distributes its revenue to a Nerd Treasury protocol. The treasury would then yield out the liquidity inside of it to people staking the NERD token. This will provide incentives for investors to buy and stake NERD tokens to jump in and fund new projects with the incentive of receiving liquidity that our partnered projects and future projects will bring to the table.
I believe that this way we will be able to finally be able to show our true potential, we will work much more efficiently with our incentives constantly aligned. I also think that this is the best way to onboard off-chain people to on-chain projects, by giving them a part of the revenue of the protocol they are building. I think this is the best option and what is best for the future of the project.
-jose and some fellow nerds
