S2 E2: Understanding DAOs and How to Scale Them (Yury Lifshits)

DAOn the Rabbit Hole

On this episode of DAOn the Rabbit Hole, we’re talking to Yury Lifshits from SuperDAO to dive into the complex topic of DAOs. SuperDAO is the ‘Shopify of DAOs’ allowing users to start, manage, and grow their own DAO, so we would consider Yury an expert on the subject, and the perfect person to answer our questions.

We kickoff our conversation by laying some groundwork and answering the highly memed question, “what is a DAO?” Yury explains several common definitions of DAOs and describes what a DAO means to him. We then get into the different types of DAOs, different DAO structures, challenges that DAOs are facing, and how they are solving those problems.

Next, we talk about the logistics of working for a DAO. We discuss the benefits and the downsides of untraditional, part time, fluid work models and how DAOs can incentivize contributors to continue contributing. We talk about subDAOs, scaling DAOs, and the benefits of becoming a DAO.

Finally, we close out our conversation looking to the future of DAOs and web3 in general, as Yury predicts that the DAO economy will one day surpass that of some nations.

To continue this conversation and stay up to date on all things DAOn the Rabbit Hole, you can follow Anay on Twitter @anaysim and RabbitHole @rabbithole_gg. You can also follow Yury on Twitter @yurylifshits.

⌛ TIMESTAMPS:

0:00 Intro

0:48 Defining a DAO

1:55 DAO structure

3:41 Technical requirements to be considered a DAO

4:07 Different types of DAOs

6:37 Service DAOs

8:30 Challenges that DAOs face today

11:25 What is a subDAO?

15:48 Part-time DAO work

17:29 How to incentivize DAO contributors

20:22 Scaling DAOs

23:44 Should everything be a DAO?

24:49 Key Benefits of being a DAO

27:05 The future of DAOs

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DISCLAIMER: The information in this video is the opinion of the speaker(s) only and is for informational purposes only. You should not construe it as investment advice, tax advice, or legal advice, and it does not represent any entity's opinion but those of the speaker(s). For investment or legal advice, please seek a duly licensed professional.