Astro is a no-code DAO creation platform that allows DAO members to create & vote on proposals, set bounties, and manage a treasury. The Astro platform sets up the DAO on the NEAR blockchain, which has interoperability and bridges to other L1 blockchains.
Decentralised Auotonomous Organisations (DAOs) are the future of the ways organisations in general are run in that they are transparent, operate in a flat non-heireichycal structure, are managed by communities and usually governed by a token. However, despite having this knowledge, many people do not yet know how to setup, build or run a DAO properly using the right tools to ensure that the organisation stays organized because its basically still early days for DAOs and the complexities involved in communicating with a large number of people.
Astro DAO built on NEAR Protocol, has made this process very seamless by developing a platform where anyone can build a DAO on NEAR, vote on proposals to enhance decision making as well as fund the DAO on the platform. Astro as tool is totally onchain as communities are bound by smart contracts which live on the Blockchain therefore ensuring that there is transparency among members of the community, decisions can also be made onchain via voting by members of the community while funds are distributed based on voting decisions.
Starting off its building process, Astro buit on SputnikDAO V1 to provide the right functions any DAO would need and ensure the platform fits the needs of DAOs. Some major highlights on the functionalities of Astro include:
DAOs across the world are attempting to make impact on how things are done in this time and agefrom DeFi to constitutions to raising more developers to NFTs and Metaverse and so on.Some of the incredible DAOs include ConsitutionDAO, MakerDAO, DeveloperDAO, Index Coop among many others.
Some of the challenges faced by these big DAOs which included not having the right tools, building on high gas networks, offchain and onchain voting have been solved by Astro. With Astro, you can easily build a DAO on NEAR Protocol which is a high speed, low fees network as well as manage the processes within the DAO from the platform.
In order to create a basic DAO on Astro, the following steps are needed:
Foundation - For community projects, donations or general purpose open-source projects.
Clubs - For friends and acquintances yet are still very flexible like other DAO types on Astro
Corporation - For Businesses with shareholders and a more formal structure
Cooperatives - For Businesses wth members rather than shareholders
For a more comprehensive step by step process of creating DAOs on Astro, click here.
Generally, proposals in DAOs are suggestions made to the DAO in form of documentation or code that will serve as change processes to improve the product or the DAO. The way it works is that members of the community discuss on a change or improvement, write a proposal for it and then the team votes FOR or AGAINST it. If it is voted FOR, it is implemented by the team and becomes part of the DAO but if it is voted AGAINST, it is discarded by the team.
For Astro, creating proposals carry pretty much the same weight in terms of decision making. Once a change is to be made or an action is to be taken, a proposal needs to be created so that the community wil vote approving or rejecting the proposal.
There are different types of proposals that can be created on Astro and the following gives a brief highlight into each of them:
To be able to create a proposal, follow the steps as shown below;
Every proposal has three (3) statuses upon creation. The status of the proposal gives an idea about what level the proposal is at towards implementation. The status can be IN PROGRESS (If the proposal has been created and voting is ongoing), APPROVE (if the proposal goes through the voting period and is voted FOR) and FAILED (If members do not vote FOR the proposal but AGAINST it).
One of the key processes on Astro is voting. It is about the major process driving the operations and sustenance of any DAO. With voting, people can contribute to the change within a DAO or a group.
On Astro, there are two types of voting;
Voting is either to APPROVE or REJECT a proposal. When you approve, it means that the proposal is supported and should go through. However, when you vote to reject a proposal, it simply means that the proposal should not fly.
There are some cases where proposals are removed because of invalidity. When a member votes for the proposal to be removed, if it gets the quorum number for it, it becomes invalid and is removed permanently from the feed.
To determine who gets to vote or not, there is a Voting Policy laid down by the DAO council that states the conditions to be met to be eligible to vote fon any proposal. A typical policy contains, who should vote, how they should vote and the quorum required for a proposal to be implemented or dropped.
On Astro, a transaction is the smallest unit of computation, function or storage on the network. It can also be described as a collection of actions that tells what should be done at the receiver’s account. For a transaction to be successful, there are critical factors that make up the transaction. They include:
Every transaction is based on one or more unit of operations known as actions. Currently, there eight (8) action types that are supported on Astro as shown below:
All DAOs need a treasury to manage the funds within the DAO. On Astro, there is provision for DAOs set up to have their own treasuries. There are three types of funds that contain treasuries supported on Astro. They are highlighted below:
As DAOs spring up everyday, it is important that there are easy and quick routes for setting up and this is what Astro is building for DAOs. Building on NEAR Protocol which is a fast network with lower fees, Astro is set to transform the way DAOs are built and to ensure the gaps in the technicalities surrounding building DAOs are bridged.
DAOhaus is a no-code platform for launching and running DAOs. It is owned and operated by the community. All DAOs on the platform utilize the glorious open-source code of Moloch. Moloch is the simple, open-source DAO framework we use at DAOhaus. Its simplicity is important for: Security, Usability and Extensibility.
The Juicebox protocol is a programmable treasury. Projects can use it to configure how its tokens should be minted when it receives money, and under what conditions funds can be distributed to preprogrammed addresses or claimed by its community.
Snapshot is at the forefront of innovating DAO participation by creating equitable and customizable participation structures across all DAOs for proposals, discussion, and voting helping Decentralized Autonomous Organizations facilitate smooth and seamless financial transactions worldwide in a decentralized manner.