Nutbox Trilogy ③ | The Opreating System for Modern DAOs

The Web is built as a gift for everyone, as its inventor Sir Tim Berners Lee said: “This is for everyone.”.

In the Web 3.0 era, to empower everyone to retrieve the ownership of the Web, we believe that “DAO is for everyone”. Everyone should be able to launch a DAO within minutes with close to zero fees. Nutbox was born out of this vision.

What is Nutbox？

Nutbox is a DAO operating system for Web3.0 and a smart contract platform based on Staking and Content.

Through the Cross-chain Staking Protocol, Public Content Protocol, DAO Services & Plugins, Governance Protocol and other components provided by Nutbox, the founder of a DAO (Decentralized Autonomous Organization) can easily create its Crowd-Staking, DAO Services, Governance and other modules, launch the DAO, and let the DAO run sustainably and economically.

Cross-chain Staking Protocol

Cross-chain Staking Protocol helps Modern DAOs distribute community tokens（i.e. cToken）to its stakeholders and contributors. Anyone who has staked the tokens( such as DOT from Polkadot, or STEEM Power from Steem) to the Modern DAO account or specific target accounts, will receive rewards in the form of cToken.

For instance,

1）By delegating STEEM Power to any DAO project in STEEM community, the delegators will receive liquid cToken rewards.
2）By voting for a specific validator supported by the DAO in Polkadot commuinity with DOT, the voters will receive cToken as rewards.
3）By voting for a specific parachain in Polkadot’s Parachain Slot Auction with DOT, the voter will receive cToken as rewards.

The advantages of the staking model includes:

Minimal Risk for Stakeholders: Instead of sending funds into DAO directly, the staking economy approach is less risky for stakeholders. The delegators can revoke their staking any time they want.

Easy to Bootstrap: As long as the DAO and community could produce value with their efforts, the investor or community members could stake on the DAO, to help the DAO to launch with finanical rewards from the staking economy.

Nutbox DAOs can also potentially support a multi-chain staking model that stakeholders from different PoS chains will all be able to receive the cToken.

Public Content Protocol and DAO Services & Plugins

The staking economy defines a pattern of bootstraping a financially feasible DAO by staking. In order to create long-term values for the DAO and cToken, the DAO should provide more values to its community and the Web 3.0 ecosystem in terms of DAO services which could be easily set up with built-in or community-built DAO plugins.

The Nutbox open source plugin system, provides high flexibility and extensibility to fit into different Web 3.0 scenarios. The Nutbox DAOs can build their own services as easy as installing Wordpress plugins into their DAOs.

The plugins, mostly built in the form of Smart Contracts and Pallets in Substrate framework, can be installed and configured by the DAOs to launch their own services easily.

The typical DApp plugins include DeFi, Proof of Brain, Social Tokens, NFTs, GameFi, Web 2.0 integratoin, and Public Goods.

Governance Protocol

As long as the DAO is set up, everyone owns the cToken will automatically be able to join the DAO governance, and contribute to the decision making process of the DAO, by raising proposals, joining discussions, and voting.

A typical example of payout proposal is as below:

1）The DAO contributor submit one payout proposal;
2）The DAO members discuss about the proposal to raise concern or questions, and provide feedback;
3）cToken (or cToken voting power token) holders vote (accept, reject or forfeit) on the proposal;
4）DAO Fund automatically distributes cToken to the receiver of the payout proposal once the proposal is approved.

One optional cToken voting power could be configured by the DAO members to mapping from liquid cToken (1 cToken represents 1 cToken Power) or cToken in the liquidity pool (1 cToken in the pool represents 2 cToken Power) , etc.

Any valid contribution to the DAO including development, content creation, etc. will be rewarded by the DAO fund.

Link to Web3.0 with Nutbox

DAO is a social layer of connecting and empowering people on the Web. To realize the vision of Web 3.0, Nutbox is born with its most important feature of building for everyone. This means that every user, builder, creator, and entrepreneur will be able to launch and grow their DAO with Nutbox easily.

To be more specific, Nutbox

1. Makes it affordable for everyone to launch a DAO. Instead of asking your stakeholders to transfer their liquid funds with risks, Nutbox DAO allows staking to your DAO for producing economic value which requires minimum initial finanical cost. （Instead of DAO fundraising, Nutbox DAO allows participants support their DAO by staking profitable assets to the DAO.)
2. Conceptually comprehensible DAO concepts without complex economic and governance model at the beginning. Ideally Nutbox should cloak the concepts of DAO and blockchain, and only display the minimal interfaces for users to interact with whatever they want to call the organization, including “guild”, “community”, or “group”.
3. Extremely easy-to-use UX to set up a DAO in 5 mins. By building with the modern PoS blockchains, and with an efficient cross-chain communication infrastructure, Nutbox provides the familiar user experience as what they are used to in the Web 2.0 era.

Using the Nutbox Protocol, DAO founders can select corresponding components from the three major modules of Nutbox, and create their DAOs with "building blocks". From a wider perspective, Modern DAOs and Nutbox will join hands in building the Community ecosystem in the Web3.0 era.