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Aragon and PrimeDAO finished a token swap this week of $50,000 value of ANT for $50,000 of D2D, PrimeDAO’s token.
PrimeDAO builds DAO-to-DAO goods and companies with the intention of building a additional collaborative, cooperative ecosystem of DAOs and DeFi protocols.
Aragon and PrimeDAO are aligned in that both of those aid DAOs start and scale. Aragon offers the permission management program in which to build a DAO on top rated of, and PrimeDAO presents the tooling that connects DAOs and facilitates partnerships.
Details of the token swap
A token swap was proposed on the Aragon forum on October 3, 2022. The vote moved to Aragon Voice, where 100% of voters cast their ANT to approve the vote. The vote concluded with 33,594 ANT in-favor on October 17.
Specifics of the token swap incorporate:
- 6 thirty day period comfortable lock-up time period, meaning the token lock-up is enforced socially alternatively than on-chain.
- Complete voting power granted instantly upon completion of the swap (owing to the tender lock)
- Phrases symmetric for the two events
PrimeDAO posted the proposal to their community as effectively. You can locate the proposal on their Specials site.
PrimeDAO items and services
PrimeDAO provides lots of items and products and services to aid DAOs start and scale. From token start to offer-earning, PrimeDAO has made a suite of tools that can get DAOs from 1 to 100.
Primary Launch: system for token product sales and distribution
Everyone starting a DAO understands how complicated navigating a token sale can be. Key Launch tends to make it straightforward and quick to kickstart your DAO with liquidity.
DAO builders have two options for increasing liquidity: a seed funding spherical or liquid start. The seed fund is when you allowlist wallets and distribute tokens to them or give them the option to acquire them prior to they go on the marketplace. This retains your token holders limited and controlled, which can be important when a DAO is just beginning and is governed by a token.
You can also run a liquid launch with PrimeDAO’s Balancer integration, which indicates token holding receives disbursed speedily when people acquire it on the open up market. Liquid Launches enable truthful price tag discovery around the study course of a couple of times and distribute your token to investors. A challenge generally releases a set amount of money of tokens and has them for sale for a set time period of time.
For case in point, when PrimeDAO did their liquid start, they allotted 7 million D2D to provide between December 15 and 17 2020, and dispersed 3.06 million of those people tokens. The price tag is “discovered,” or established normally by the marketplace, around that time. This allows jobs create meaningful liquidity swiftly and with out a small launch.
Pairing Prime Start with Aragon Client
A effective pairing for DAOs launching a token is Aragon Consumer and Primary Start. On Aragon Client, you can mint your ERC20 tokens and start out utilizing them for on-chain governance ideal absent.
Then, once your tokens are minted, go to Primary Launch to operate both a seed fund or a liquid launch to distribute your token and raise cash to kickstart your venture!
Key Bargains: trustless natural environment for DAOplomacy
Want to initiate a token swap with a further DAO, but not confident how to hold each other accountable? Look at out Prime Bargains, a platform for on-chain DAO-to-DAO token swaps and bargains. Decide an on-chain module, create your offer, set the terms, and place it to vote with your group. Consider of Primary Deals as a way to operate governance with an additional DAO exterior of yours.
Prime Discounts is how PrimeDAO set the Aragon token swap up for governance in their neighborhood. Primary Specials are public and are forkable, so DAOs can use present templates to generate their own specials.
Key Ranking: score framework for crypto protocols
It can be difficult to know how other protocols stack up when it arrives to wise contract high-quality, worth introduced to the ecosystem, tokenomics, and governance. Primary Score is a permissionless score framework that assists you recognize how other protocols evaluate, scaled in a conventional grading program (A to D).
Raters examine a protocol making use of the template supplied by PrimeDAO. Raters either focus in complex ranking (wise contracts) or fundamental score (value proposition, tokenomics, and governance). Raters submit their scores to a council of professional Raters, who vote on whether or not to submit the report. Substantial top quality raters can level-up and finally improve their benefits.
Why swap tokens?
Token swap are a key system of collaboration in DAOs. They’re practical mechanisms for these reasons:
- Swaps create financial alignment involving tasks. When a single project’s token goes up, the other’s treasury raises in benefit.
- Swaps distribute governance energy to related groups. PrimeDAO has curiosity and stake in the Aragon ecosystem, so swapping governance electric power provides each individual team voting rights in the other’s corporation.
- Swaps diversify each individual DAO’s treasury. A diversified treasury is a wholesome treasury. By swapping tokens, each individual team is more diversifying their have property and firming their shops against the following downturn.
Token swaps are DAOs’ way of starting up a partnership and escalating alignment among teams so the ideals of WAGMI can come to be a truth!
Creating techniques towards our technique to construct a governance hyperstructure
Strengthening partnerships and incentivizing ecosystem collaborations is a key piece of our strategy to develop the hyperstructure for governance.
Aragon as a protocol cannot give every thing that DAOs will need to improve and prosper. So, we’re developing partnerships that enhance our collaborations and make experimentation at the speed of software a truth for companies all over the place, and we’re psyched to be taking the very first move in a partnership with PrimeDAO!
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