Franken DAO
  • 😈Welcome to Punksville
    • The Punksville Ecosystem
    • Franken DAO vs Other "DAOs"
    • Note from the Team
  • 📄Franken DAO
    • Overview
      • Voting Power
        • Voting Power Example
      • DAO Council
    • Governance
      • Proposal Process
      • Submitting Proposals
      • Executing Proposals
      • Malicious Circumstances
        • Smart Contract Audits
      • Glossary
    • Treasury
    • Members
    • Franken DAO Charter
  • 🔗Official Links
    • List of Official Links
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On this page
  • Main Issues Plaguing DAOs
  • How FrankenDAO Solves This
  1. Welcome to Punksville

Franken DAO vs Other "DAOs"

Main Issues Plaguing DAOs

We have identified issues with other DAOs and believe that they fall into a few main problem categories:

  1. Tragedy of Commons

  2. Speculation regarding DAO Token Price

  3. 1 token / 1 vote

  4. Internal Conflict / Corruption

How FrankenDAO Solves This

FrankenDAO is a fully on-chain governance system for FrankenPunks & FrankenMonster holders, which overcomes the "1 token, 1 vote" problem by rewarding long term stakers and active participants in the DAO.

We believe the FrankenDAO is unique in three main ways:

  1. Voting Power - Staked membership replaces 1 token / 1 vote with a dynamic participation-based system. Smaller holders can have significant impact through active participation and gaining more voting power.

  2. Small Grants System - Small amounts of DAO resources are pledged to a grant system. This ensures that smaller proposals will be executed quickly and also provides a provable "track record" for participants who want to pass larger proposals or take a more active role in the DAO.

  3. Dao Council - To ensure that passed proposals are executed and project managers are assigned. The council has 9 members and will have emergency veto power for any cases of malicious circumstances.

Note: The DAO Council does not have authority to act independently of the DAO. It does have the ability to emergency veto any proposals that are deemed harmful to the broader Franken DAO community. It also allows for upgradeability in Franken DAO smart contracts.

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Last updated 2 years ago

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