DAOs are made possible by smart contracts. A DAO in control of its smart contracts can unlock all potential benefits of blockchain technology. Cardano Smart Contract development is a difficult and time-consuming skill to master due to the usage of Plutus. The Smart Contract Development Tools can make developing your own smart contracts easier, or provide smart contract templates for you to edit to your specific needs.
Tool | Status |
---|---|
Governance is the backbone of any DAO. Decision-making, voting, and decision enforcement can be made on-chain by Governance DAO Tools. When setting up your DAO, you can choose the governance method you want. Governance DAO tools allow DAOs to set up a fully functional on-chain governance platform without writing code.
These tools allow DAO administrators to set up their governance method according to their needs. They handle all the on-chain and off-chain parameters of your DAO. You can use the platform of the tool to set your DAO up. This process is usually filling out some forms about what your DAO is, the governance token you use, and the governance rules you want. Then your members can start using the web app to participate in your DAO. These tools are very easy to set up but they can be limited in terms of customization.
Governance tools that provide smart contracts to set up governance like Agora Protocol are difficult to set up but they offer much higher customization potential.
DAO tools are software applications built on blockchain technology that facilitate the creation and management of DAOs. DAOs are organizations that are fully decentralized and autonomous, with decisions made through a consensus process on the blockchain. DAO tools can include platforms for creating DAOs (like Summon Platform or Clarity Protocol).
Cardano ecosystem currently seems to focus on Governance and Smart Contract Development tools. The reason behind this is, the Cardano ecosystem is fairly new and the main problem the ecosystem has encountered is the entry barrier for new people. These tools aim to bring down the entry barrier for new people to come in. The other reason is developing smart contracts for the Cardano blockchain is hard to master, people with technical backgrounds need to invest their time to learn and deploy Cardano smart contracts. Tools like Smart Contract Development tools help DAOs to deploy their own smart contracts easily.
For more information about what a DAO tool is and why they are important, you can read:
These are our DAO Tool categories and how many deep dives we have in each category:
These are all the DAO Tool deep dives we have:
This category of tools are to help a DAO manage their treasury and process their payments.
One of the popular tools for treasury management is multi-signature wallets. The name wallet can be misleading because multi-signature or multi-sig wallets resemble safes more than wallets. These wallets require more than one key in order to access assets in them like bank safes.
A DAO is a decentralized organization but if their assets are kept in a regular wallet address, that is centralized. Any person in possession of keys to that address is in full control of the entire DAOs treasury. Multisig wallets offer decentralization of this power among certain members of the community and they also offer the ability to lock assets before or after a certain date.
Another type of DAO tools falls into this category are Project Management Tools. these tools track tasks done by members and process payments automatically according to tasks done by the community of a DAO.
Here are the Treasury Management and Payments DAO Tools we have researched:
Tool | Layer | Status |
---|---|---|
Category | Number of Tools |
---|---|
Tool | Chain | Category | Author | Date |
---|---|---|---|---|
Tool | Chain | Status | Sub-Category |
---|
Dev Tool
No Code
No Code
No Code
No Code
No Code
6
1
2
2
2
Cardano
Governance, Smart Contract Development
Emir Olgun
19 February 2023
Cardano
Governance
Emir Olgun
18 February 2023
Cardano
Governance
Emir Olgun
18 April 2023
Cardano
Governance
Donald
20 April 2023
Cardano, Ergo
Governance
Emir Olgun
19 April 2023
Cardano
Governance
Cardano
Membership and Reputation
Cardano
Treasury Management
Cardano
Token Creation and Management
Emir Olgun
19 April 2023
Cardano
Token Creation and Management
Donald
20 April 2023
Cardano
Treasury Management
Emir Olgun
15 June 2023
Cardano
Membership and Reputation
Cardano | Online | Multisig Wallet |
Cardano | Testnet | Multisig Wallet |
DAOs usually use tokens to raise initial investments and share their governance with their community. These tokens are used in DAOs governance and have voting power on proposals. Some DAOs also give proposal power to people with more than a specific amount of tokens.
The tools in this category make it easy to create and distribute tokens for DAOs. The distribution of tokens can be done by airdrops or vending machine methods.
Airdrop: This method distributes tokens created to a list of addresses provided by the DAO.
Vending Machine: Members collect tokens from a dApp themselves.
DAOs can also mint their tokens however they choose. For example,
A DAO can mint all tokens at once
They can mint tokens gradually
Tokens can be minted when someone claims them.
Membership and Reputation Tools allow individuals to show their skills on-chain and DAOs to find the right people. They also offer the ability to allow certain individuals with specific tokens or NFTs to access certain DAO resources.
The ability to control certain token or NFT holders access can be very beneficial for DAOs and prevent scam attacks.
The on-chain skill proof can be used like a CV for people to show their skills in a more trustworthy way.
Here are the Cardano DAO Tools we have deep dives on:
Tool | Status |
---|---|
Tool | Status |
---|
TosiDrop
DripDropz
Online |
Online |