Hi everybody! First of all, sorry for writing a book here. I’m posting this on behalf of the team behind a forthcoming DAO called the Trojan Foundation, which will use Aragon tooling for its governance structure. We believe that the DAO use case we’ve devised, which we describe below, is quite novel. We’d very much like to talk to an Aragon team member to share our ideas and get an insider’s insights into how we might tackle a couple of governance challenges that have proved sticky for us so far.
The Trojan Foundation will be a cooperative, non-bureaucratic organization which allows artists (initially, artists based in Athens, Greece) to collectively govern a community wallet. The funds in this wallet may be used to finance members’ art projects and, when necessary, dev bounties. The point is to allow artists to share both the economic risks and opportunities inherent in being cultural workers by capturing more of the value created by their work and distributing it to finance new projects (based on the outcome of votes.)
This type of solution could prove useful to artists worldwide, as many of us must contend with irregular income and other financial challenges, including a steep barrier of entry into the “cultural economy” and slow, costly bureaucracy. Greece is a logical starting point for this project because we’re dealing with austerity and capital controls that make it very hard to access funding in euros – but ETH is not affected by these constraints. What’s more, we have an enthusiastic and growing group of artists, both connected to the crypto space and not, helping to think through this system and eager to start using it.
Among the features that will be central to the Trojan DAO are a token bonding curve (our team has invested significant time in bonding curve research), a shared community fund, a REP voting system, and simple UIs. These interfaces should make it easy for people completely new to the space to create proposals, vote on allocating resources to projects that the community finds important, and interact with the bonding curve.
Clearly, there’s a lot of overlap between Aragon’s offerings and our objectives. However, we feel like the nature and scope of what we’re aiming to do (creating a financially sustainable fund governed by and for art workers) make us different from a lot of the other DAOs out there. For that reason, we’re hoping to secure a little bit of time with someone from Aragon so that we can lay out in more detail what our objectives are and what kinds of obstacles we expect to encounter along the way. Hopefully, you’ll have insight into how we can tailor the different components (e.g. the REP system) to our needs so as to create a functional on-chain governance system.
We believe that the Trojan Foundation is well positioned to become a unique Aragon success story, and we’d be deeply grateful if you would share a bit of guidance with us along the way.
Thank you so much for your time!
Adam Reese, James Simbouras, and the Trojan Foundation