What is the dxDAO?


See the whitepaper dxDAO: Toward super-scalable organizations

The degree of decentralization in any system encompasses not only its technical architecture, but extends to system governance itself. Today, there is a clear need for decentralized governance of decentralized software protocols. Responding to this need, the dxDAO is a next-generation decentralized autonomous organization (DAO) for community governance of software protocols.

The idea for the dxDAO initially arose from Gnosis’ design and development of a permissionless trading protocol, the DutchX. The DutchX employs the Dutch auction mechanism, enabling the exchange of ERC20 tokens with fairer, uniform clearing prices. The DutchX proved its viability as critical infrastructure for decentralized finance (DeFi) applications, providing an on-chain price oracle and facilitating large volume trades without slippage. To support community governance, upgradeability, and the network effects necessary for the DutchX, it became clear a governance mechanism such as the dxDAO would be essential.

The dxDAO is built on DAOstack’s framework for organizations. Their governance framework enables groups to make a high quantity of decisions without giving a potential malicious subgroup the ability to sway those decisions against the best interests of the overall group, balancing efficiency with resilience for highly scalable organizations.

Governance of the DutchX, however, is a start point not an endpoint. The dxDAO may choose to fill a crucial gap in web 3.0 governance. Its lifelong trajectory will ultimately be decided by what community stakeholders deem to be the most valuable pursuits.

The dxDAO will be initialized on May 29, 2019, with a period to stake for your vote and earn voting power at dxdao.daostack.io.

Whitepaper: https://github.com/gnosis/dx-daostack/blob/master/dxdao-whitepaper-v1.pdf

Telegram group: https://t.me/dxdao

Forum: https://daotalk.org

Twitter: #dxDAO

1 Like
closed #2