Description
Moloch DAO is an innovative Ethereum-based decentralized autonomous organization dedicated to funding Ethereum infrastructure and public goods. Named after a Canaanite deity, it aims to combat the "tragedy of the commons" by facilitating a communal funding pool governed by its stakeholders. Members propose and vote on funding projects through a streamlined, effective grant-making process. The DAO is characterized by its use of shares and a "rage quitting" mechanism, allowing members to withdraw their contributions if they disagree with the majority, ensuring fairness and protecting against harmful proposals. Developed by Ameen Soleimani, Arjun Bhuptani, James Young, Layne Haber, and Rahul Sethuram, Moloch DAO represents a novel organizational design that merges traditional firm characteristics with blockchain technology to support the Ethereum ecosystem's growth through community-driven resource allocation and governance. Its simplicity in governance and decision-making through Solidity contracts highlights its effort to redefine organizational structures within the web3 and blockchain ecosystem.
Moloch DAO is an innovative Ethereum-based decentralized autonomous organization dedicated to funding Ethereum infrastructure and public goods. Named after a Canaanite deity, it aims to combat the "tragedy of the commons" by facilitating a communal funding pool governed by its stakeholders. Members propose and vote on funding projects through a streamlined, effective grant-making process. The DAO is characterized by its use of shares and a "rage quitting" mechanism, allowing members to withdraw their contributions if they disagree with the majority, ensuring fairness and protecting against harmful proposals. Developed by Ameen Soleimani, Arjun Bhuptani, James Young, Layne Haber, and Rahul Sethuram, Moloch DAO represents a novel organizational design that merges traditional firm characteristics with blockchain technology to support the Ethereum ecosystem's growth through community-driven resource allocation and governance. Its simplicity in governance and decision-making through Solidity contracts highlights its effort to redefine organizational structures within the web3 and blockchain ecosystem.
