Aetos DAO Framework

Today, we're taking a moment to walk you through Aetos, our newly developed DAO framework. Designed to streamline operations and foster community engagement with true onchain mechanisms.

The Making of Aetos

The framework was developed by some of Australia's best crypto-native developers, who are part of the broader community. While we drew inspiration from the improvements Moloch V3 made on V2, including one-time upfront inflation and a fixed signup period, we didn't stop there. We added several features aimed at enhancing the experience for both our founders and DAO members.

Features

Ownership Simplified

Ownership is tracked directly within the smart contracts, eliminating the need for tokens or NFTs. This makes the process straightforward and automated, covering aspects like inflation, rage quits, slashes, and redemptions. The automation not only simplifies real-time operations but also makes future reporting simply parsable from chain activity.

Democratic Decision-Making

We've implemented a 'one wallet, one vote' system. The idea is to encourage thoughtful debate over investment opportunities, rather than having decisions made solely based on token ownership. This approach ensures that we don't overlook non-consensus investments and that we make decisions based on frameworks that have proven effective in the past.

Incentives That Make Sense

Inflation in Aetos is automatically channeled to designated council roles. Members can be voted into or out of these roles based on their contributions to the community. Any remaining inflation is judiciously used for discretionary distribution to active contributors and to cover operating costs.

Flexible Capital Contributions

We've designed the capital call feature to be as inclusive as possible. Instead of requiring an upfront treasury contribution, we review commitments periodically. This approach is particularly beneficial for small contributors and ensures ongoing engagement from all members.

The Soft Rage Quit Option

In Aetos, choosing not to deposit during a capital call is similar to a rage quit scenario where your input has already been used to fund projects. While this offers a flexible exit strategy, it comes with the risk of being slashed if there is no effort to solve the conflict. This ensures there is communication amongst members and that there is a baseline guarantee in the treasury, especially when founders rely on us for capital contribution.

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What Founders Can Expect

If you're a founder interested in collaborating with Bookclub, the process is fast and clear.

Get in touch to share your idea and we will schedule a call to discuss details. At the same time, we initiate an on-chain proposal forcing us to make a decision within a 10-day window. If approved, a sub-vault is created and funds are transferred to your project.

Get Involved

We host monthly meetups and technical workshops in Sydney. If you’re in the area get in touch on Telegram!