🏆 BitDAO is offering:

• 🥇 - $5,000 in BIT
• 🥈 - $3,000 in BIT
• 🥉 - $1000 in BIT
• 💪 Runner Ups x 2 - $500 in BIT

Track 1: DAO Treasury Deployment Tooling

Large DAO treasuries have to be managed conservatively to avoid principal loss through systemic failure, oracle misfires or other mechanical exploits.

We are looking for solutions (tooling, operating structures, etc.) that would allow DAOs to deploy their treasuries at size for yield. For example:

• A Gnosis Safe module that allows whitelisting and passive deployment of treasury assets to blue chip yield farms.
• Collateralized / margin loans (P2P, pools).

Track 2: DAO Proposals Processes

In the current state of governance, the majority of DAO proposals are created in private, with the initial version presented on DAO forums typically having already been reviewed by core team members and large stakeholders. This process can take several months, and is usually unpaid.

DAOs have many tradeoffs versus traditional organizations (especially with execution efficiency), but one of their primary benefits is to leverage a wider range of community contributions for ideas and development; something that isn’t happening with the current status quo.

We’re looking for solutions to incentivize the construction of DAO proposals in a public and incremental way, with DAO members being able to signal which parts they support or are opposed to.

Situations where this may be beneficial to the ideation process include:

• Rebrandings (allowing for feedback during the design process).
• Protocol functionality upgrades.
• Protocol parameter changes.
• New business initiatives.

Likely solutions will need to leverage some combination of token gating and existing popular DAO communication tools (Discourse, Discord, Snapshot, grant solutions, etc.)