Dagon is an innovative blockchain system that enhances the capabilities of digital token communities and Decentralized Autonomous Organizations (DAOs). Its primary function is to allow any user to designate certain tokens as having the authority to represent them in decision-making processes. This system is immediately compatible with existing token communities and DAO structures.
One of the key strengths of Dagon is its optimization for various off-chain voting methods, such as those involving multiple signatures or weighted votes. Initially, Dagon provides a flexible upgrade path for incorporating smart account-based governance, which is in line with advanced blockchain standards like ERC-4337.
Dagon operates by verifying contract signatures for accounts that adhere to the ERC-1271 standard. However, it doesn't involve itself in executing these contracts or in the specifics of proposal logic. This approach makes Dagon a versatile tool that can integrate with many organizations. It also establishes Dagon as a central record-keeping system for the broader DAO ecosystem. Entities within this ecosystem can implement their unique modifications and checks in relation to Dagon's validation process.
In its first version, Dagon mainly functions as a voting engine. It can facilitate off-chain polling for various types of tokens, including ERC-20, ERC-721, ERC-1155, and others. Dagon also features a token minting and burning capability, which allows for the upgrading of existing tokens or the creation of new ones under the DAGON system (compliant with ERC-6909). Furthermore, it can validate on-chain operations by users that transfer ownership to Dagon, following the ERC-173 standard.
For instance, DAOs might initially use Dagon in limited capacities, such as verifying poll results or for displaying simple decentralized applications (dapps). However, if Dagon is also set as the owner of a group's smart account (which could be a designated portion or the entirety of the group's treasury), it can then function as the core engine for the DAO's proposals. In this role, Dagon validates user operations and allows them to be executed on the blockchain. This system supports various voting mechanisms, including token-weighted voting and multiple signature schemes. Importantly, collecting signatures via Dagon is cost-efficient (gasless) and can be executed in a single transaction.
Overall, while Dagon is designed with the future in mind, specifically for contracts and account abstraction enabled by ERC-4337, it is also fully functional with accounts that support both the ERC-1271 (Contract Signatures) and ERC-173 (Ownership) standards. This opens up a wide range of possibilities for exploration and application in the blockchain governance space.
Bridging Governance and Real-World Legality #Kali
Kali is simplifying the creation and management of Decentralized Autonomous Organizations (DAOs). Recognizing that DAOs are fundamentally code-based entities, where members use tokens to signify their voting power and stake, Kali addresses a critical gap: integrating the digital ease of DAOs with real-world legal frameworks.
Kali's platform is a no-code, no-lawyer solution, making it incredibly user-friendly and accessible. It enables the creation of DAOs that can seamlessly interact with real-world legal entities, offering an advantage in both online and in-person organizational structures. This unique capability allows Kali DAOs to transcend traditional barriers, moving fluidly between internet governance and real-life legalities.
At its core, Kali is an optimized version of Moloch V3. It ingeniously combines a token system (ERC20), a treasury, and a voting mechanism into a single contract. This integration not only saves significant transaction costs (up to ten times less than competitors like Aragon, Daohaus, Tally, and Colony) but also simplifies the overall governance process.
The security and reliability of Kali are noteworthy. It has undergone rigorous auditing by BlockApex and boasts a year of issue-free operation in production settings. This track record offers reassurance to those concerned about the integrity and stability of their DAOs.
Kali stands out with its provision of legally vetted templates. These templates assist in forming and registering various legal entities, such as LLCs, non-profits, or other structures. For users opting for a Kali-designed entity, an NFT is integrated into their DAO. This NFT represents their legal structure, simplifying interactions with other applications and enhancing transparency.
The legal and contractual framework of Kali is the brainchild of LexDAO, a reputable entity in the blockchain legal domain. Their expertise ensures that Kali is not just a technological marvel but also a legally robust platform.