Holding, budgeting, and deploying shared capital.
Bootstrap budgets and ratification votesA bootstrap budget is the money a DAO spends before it is able to decide anything.Continuous fundraisingContinuous fundraising lets anyone fund a DAO at any time on terms a contract sets, through bonding curves, open treasuries or perpetual auctions.Contributor compensation in DAOsPaying the people who do the work – salaries, grants, streams.DAO tokenomicsDesigning a governance token's supply, distribution, and incentives.DAO treasury managementHow DAOs hold, budget, and deploy shared capital.Emissions without a vote: who sets token issuanceA DAO's most consequential recurring decision is how many new tokens exist next year.Hypercerts (impact certificates)A hypercert is an on-chain certificate recording what work was done, by whom, over what period and toward what goal, so funders have a shared object to reward.OTC placements and market-maker loansMost DAOs are rich on paper and poor in practice. The treasury holds a large block of the DAO's own governance token and very little of anything a contributor…Protocol-owned liquidity (POL)Protocol-owned liquidity is a treasury strategy in which a DAO provides the trading liquidity for its own token from its own capital instead of renting it.Retroactive public goods funding (RetroPGF)Retroactive public goods funding is a grant method, set out by Optimism in 2021, that pays for work after it has proved useful rather than in advance.Standing authorizations and delegated mandatesA standing authorization is a decision a DAO takes once about a class of future actions rather than about a single action.