How to use wallet voting for different DAO types
Wallet-based voting sounds quite abstract, but it is a way to easily set up some of the most common types of DAOs.
How to start your DAO as a Multisig
You could authorize only five wallets, and effectively function as a multisig - whereby five wallets ultimately have the final say on passing proposals (even if they represent others who vote off-chain, for example).
There are some technical differences between a multisig and setting up five wallets with Aragon (it is technically voting, instead of signing), but in practice, it provides the same governance mechanism. The main practical difference is that by starting with a multisig setup on Aragon, you have the flexibility to change your governance as you grow.
How to function with subDAOs
You may decide you want to have subDAOs, which act as independent DAOs within a larger DAO. For example, you may want to create a marketing subDAO for marketing decisions - implying moving money to a separate treasury only for marketing, which can be decided on by people in the marketing subDAO.
How to gate governance rights
You may decide to gate governance rights to certain people. Here are a few examples:
- You could authorize only people who hold a certain number of your token.
- You could authorize loyal members, such as those who have contributed work to your DAO, or who have held tokens for more than three months, or who are users of your product.
- You could authorize only wallets which bought an NFT, and therefore start your DAO with an NFT sale instead of a token sale. However, if you do this with wallets that bought an NFT, the voting rights won’t be automatically transferred with the resale of that NFT.
While using wallet-based voting for different types of gating is a simplistic solution, it is a good way to get started and try out what works for your DAO.