Name Decentraland DAO Type Me…, NAMEs, and legacy Wearables —– each converts to voting power…verns a live consumer product —– a virtual world —– rather than a DeFi protocol …daos/social/the-sandbox-dao) —– the other large metaverse DAO…oncepts/analysis/voter-apathy)

The Decentraland DAO is the go…/wiki/daos/dexs/uniswap-dao) —– a working answer to what “com…g in to, not a lending market.

A DAO that owns a world’s land…ND and Estate smart contracts —– the ERC-721 registries for ev…and how the treasury is spent —– it cannot mint the currency. …any token-DAOs bother to make.

Voting power from four kinds o… count). - 1 LAND = 2,000 VP —– land is weighted far above li…in mid-vote to swing a result —– the same snapshot logic Snaps…legible by the land component.

Snapshot to vote, a multisig t…(https://docs.snapshot.box/) —– gasless signed messages, with…n Ethereum by a DAO Committee —– a multisig whose members are …hemselves elected by DAO vote —– which executes the approved a… the trusted-executor pattern —– and, like every such pattern,…ommittee will honour the vote.

The DAO Fund The DAO was seed… body cannot carry. The split —– an on-chain treasury (/wiki/…structures) that owns the IP —– is a common shape for consume…eed a real-world counterparty.

How Caper approaches this Dec…e and that accumulated record —– so a well-funded buyer cannot…een the vote and the transfer —– a passed proposal is triggere…he market window that follows —– and that the factor that deci…can never change hands at all —– it is soulbound, so it is acc…t or delegated to anyone else.

References - Decentraland, W…rg/dao/dao/what-is-the-dao/) —– the contracts and lists the D…d.org/dao/dao/the-dao-fund/) —– the 222M MANA vesting contrac…cures-treasury-with-aragon/) —– the Aragon Agent holding the DAO’s funds.

How Caper approaches this Dec…ay they could accumulate LAND.(Weight still scales with stak…t or delegated to anyone else.

How Caper approaches this Dec…x (https://www.radixdlt.com/) , with an execution delay that lets a dissenting member once a market window after the vote has closed, and during that window a dissenting member who has cast a ballot can take their participation-wei…t or delegated to anyone else.

How Caper approaches this Dec… caper's own market selling its average price below its baseline during the 48-hourover the market window that follows — and tha…t or delegated to anyone else.

How Caper approaches this Dec…aper offers in return is that the passing vote is the transfer, andno committee stands between the vote and the transfer — a passed proposal is triggered and executed permissionlessly, and the only thing that can stop it is the caper's own market selling it below its baseline during the 48-hour window that follows — and that the factor that decides who g…t or delegated to anyone else.

How Caper approaches this Dec…r that decides who governs cannot be bought on a secondary market never change hands at all — it is soulbound, so it is accrued in a member's own wallet and can never be sold, lent or delegated to anyone else.

How Caper approaches this Dec…issenting member take their pro-rataarticipation-weighted exit (/wiki/dao-governance/co… bought on a secondary market.

Name Decentraland DAO Type Me…structure Snapshot (/wiki/daos-governance/tooling/voting/snapshot) for… voting; an Aragon (/wiki/daos-governance/tooling/frameworks/aragon) A… — rather than a DeFi protocol Related The Sandbox DAO (/wiki/daos/social/the-sandbox-dao) — the other large metaverse DAO, paused in 2026, ApeCoin DAO (/wiki/daos/social/apecoin-dao) , Voter apathy (/wiki/dao-governance/concepts/analysis/voter-apathy)

The Decentraland DAO is the go…osystem directory (/wiki/daos/organizations/dexs/uniswap-dao) — a working…g in to, not a lending market.

A DAO that owns a world’s land…r community grants (/wiki/daos-governance/concepts/treasury/dao-contrib…any token-DAOs bother to make.

Voting power from four kinds o…erive voting power (/wiki/daos-governance/concepts/voting/token-weighte…entration questions (/wiki/daos-governance/concepts/analysis/how-daos-fa…legible by the land component.

Snapshot to vote, a multisig t… hybrid governance (/wiki/daos-governance/concepts/fundamentals/on-chai…ommittee will honour the vote.

The DAO Fund The DAO was seed… on-chain treasury (/wiki/daos-governance/concepts/treasury/dao-treasur…a legal foundation (/wiki/daos-governance/concepts/membership/dao-legal…eed a real-world counterparty.

How Caper approaches this Dec… mints a soulbound (/wiki/daos-governance/concepts/membership/soulbound…heir pro-rata exit (/wiki/daos-governance/concepts/membership/rage-quit… bought on a secondary market.

Name Decentraland DAO Type Me… Snapshot (/wiki/daos/tooling/voting/snapshot) for gasless voting;…n Aragon (/wiki/daos/tooling/frameworks/aragon) Agent holds the treas… — rather than a DeFi protocol

The Decentraland DAO is the go…osystem directory (/wiki/daos/organizations/dexs/uniswap-dao) — a working answ…g in to, not a lending market.

A DAO that owns a world’s land… grants (/wiki/daos/concepts/treasury/dao-contributor-compensation) …any token-DAOs bother to make.

Voting power from four kinds o…ng power (/wiki/daos/concepts/voting/token-weighted-voting) from a…uestions (/wiki/daos/concepts/analysis/how-daos-fail) that raises, m…legible by the land component.

Snapshot to vote, a multisig t…vernance (/wiki/daos/concepts/fundamentals/on-chain-vs-off-chain-governan…ommittee will honour the vote.

The DAO Fund The DAO was seed…treasury (/wiki/daos/concepts/treasury/dao-treasury-management) the …undation (/wiki/daos/concepts/membership/dao-legal-structures) that ow…eed a real-world counterparty.

How Caper approaches this Dec…oulbound (/wiki/daos/concepts/membership/soulbound-tokens) , non-transf…ata exit (/wiki/daos/concepts/membership/rage-quit-and-exit-rights) be… bought on a secondary market.

Name Decentraland DAO Type Metaverse / virtual-world DAO (governs a 3D world and its land economy) Launched February 2020, alongside Decentraland’s public mainnet Governance assets MANA (ERC-20), LAND & Estates (ERC-721), NAMEs, and legacy Wearables — each converts to voting power Infrastructure Snapshot (/wiki/daos/tooling/snapshot) for gasless voting; an Aragon (/wiki/daos/tooling/aragon) Agent holds the treasury; a DAO Committee multisig enacts binding proposals Treasury seed 222,000,000 MANA on a 10-year vesting contract that started 19 Feb 2020 and vests every second Notable for The canonical example of a DAO that governs a live consumer product — a virtual world — rather than a DeFi protocol

The Decentraland DAO is the governance body of Decentraland (https://decentraland.org/) , a browser-based 3D virtual world whose land, names, and wearables are on-chain assets. It is one of the few DAOs whose remit is not a financial protocol but a consumer product: the DAO owns the smart contracts behind the world’s land economy and steers how the world itself evolves. That makes it a useful counterpoint to the DeFi-heavy ecosystem directory (/wiki/daos/uniswap-dao) — a working answer to what “community-owned” looks like when the thing being owned is a place people log in to, not a lending market.

A DAO that owns a world’s land economy Decentraland describes its DAO as “the decision-making tool for MANA, NAMEs and LAND holders.” Concretely, the DAO controls a specific, bounded set of on-chain levers, per its documentation (https://docs.decentraland.org/dao/dao/what-is-the-dao/) : - The LAND and Estate smart contracts — the ERC-721 registries for every parcel and bundle of parcels in the world. - A fund of MANA and other tokens earmarked for community grants (/wiki/daos/concepts/dao-contributor-compensation) . - The curated lists that shape the world in practice: banned names, Points of Interest, and the Catalyst node operators that serve the world’s content. A revealing limit sits at the centre of this: the DAO does not own the MANA token contract itself. MANA was distributed by a TokenSale contract that self-destructed at deployment (https://docs.decentraland.org/dao/dao/what-is-the-dao/) , permanently fixing the supply and putting it beyond any vote. The DAO governs what happens inside the world and how the treasury is spent — it cannot mint the currency. That is a deliberate design choice, and a sharper separation of powers than many token-DAOs bother to make.

Voting power from four kinds of asset Most DAOs derive voting power (/wiki/daos/concepts/token-weighted-voting) from a single fungible token. Decentraland instead aggregates voting power (VP) across everything a member holds in the world, per its voting-power rules (https://docs.decentraland.org/dao/dao/what-is-the-dao/) : - 1 MANA = 1 VP (wrapped and unwrapped balances both count). - 1 LAND = 2,000 VP — land is weighted far above liquid tokens, tying governance weight to a stake in the world’s scarce real estate. - 1 Estate = 2,000 VP per parcel it contains. - 1 NAME = 100 VP. - Legacy Wearables by rarity: Uncommon 1, Rare 5, Epic 10, Legendary 100, Mythic 1,000 VP. VP is read from wallet balances at the moment the proposal is created, so a member cannot buy in mid-vote to swing a result — the same snapshot logic Snapshot uses generally. Holders who do not want to vote directly can delegate their VP to another community member through Decentraland’s Snapshot space. The effect is that a large landowner carries structural weight a small MANA holder does not: this is capital-and-property-weighted governance, with all the concentration questions (/wiki/daos/concepts/how-daos-fail) that raises, made unusually legible by the land component.

Snapshot to vote, a multisig to enact Decentraland runs the hybrid governance (/wiki/daos/concepts/on-chain-vs-off-chain-governance) model most large DAOs land on. Proposals are drafted from templates at governance.decentraland.org (https://governance.decentraland.org/) , and the votes are cast on Snapshot (https://docs.snapshot.box/) — gasless signed messages, with the proposal, ballots, and result all pinned to IPFS (https://ipfs.tech/) so the record is tamper-evident without touching gas. Because a Snapshot result is only a signal, binding proposals are enacted on Ethereum by a DAO Committee — a multisig whose members are themselves elected by DAO vote — which executes the approved action. Watching the Committee is a Security Advisory Board (SAB), a separate multisig of trusted key-holders that can intervene on security grounds. Underneath both, the treasury lives in an Aragon Agent (https://blog.aragon.org/decentraland-secures-treasury-with-aragon/) , the smart-contract account that actually holds funds and interacts with Ethereum on the DAO’s behalf. It is a clean, layered version of the trusted-executor pattern — and, like every such pattern, it asks members to trust that the Committee will honour the vote.

The DAO Fund The DAO was seeded with a 10-year vesting contract worth 222,000,000 MANA, started on 19 February 2020; the MANA vests every second (https://docs.decentraland.org/dao/dao/the-dao-fund/) , so the fund grows continuously rather than unlocking in cliffs. On top of the vesting stream, the treasury earns a running income: a 2.5% fee on primary-market sales through the Decentraland Marketplace, plus a share of the 2.5% secondary-market fee on OpenSea sales of LAND, Estates, NAMEs, and wearables. Current balances are published on the DAO’s transparency dashboard (https://governance.decentraland.org/transparency/) . Sitting alongside the DAO is the Decentraland Foundation, the project’s legally accountable arm, which holds the trademarks and the off-chain obligations a purely on-chain body cannot carry. The split — an on-chain treasury (/wiki/daos/concepts/dao-treasury-management) the DAO spends by vote, and a legal foundation (/wiki/daos/concepts/dao-legal-structures) that owns the IP — is a common shape for consumer-facing DAOs that need a real-world counterparty.

How Caper approaches this Decentraland’s governance is capital-and-property weighted and enacted by trusted multisigs: your say scales with how much MANA and LAND you hold, and a Snapshot result only takes effect once the DAO Committee chooses to execute it. A caper (/wiki/foundations/what-is-a-caper) makes two different bets. First, the decisive part of governance weight is earned, not bought. Voting mints a soulbound (/wiki/daos/concepts/soulbound-tokens) , non-transferable proof-of-vote token, and a member’s vote weight (/wiki/governance/voting) is a function of both their token stake and that accumulated record — so a well-funded buyer cannot simply purchase control the way they could accumulate LAND. (Weight still scales with stake; the earned record is the factor money can’t rent, not a replacement for holding.) Second, there is no multisig standing between the vote and the outcome: a passed PAYOUT or INVEST (/wiki/governance/proposals) proposal is executed by the contract itself (/wiki/governance/execution) on Radix (https://www.radixdlt.com/) , with an execution delay that lets a dissenting member take their pro-rata exit (/wiki/daos/concepts/rage-quit-and-exit-rights) before the action lands. The honest trade-off: Decentraland’s Aragon-plus-multisig stack is battle-tested and gives its Committee human discretion to catch mistakes, which a fully on-chain caper forgoes. What a caper offers in return is that the passing vote is the transfer, and the factor that decides who governs cannot be bought on a secondary market.

References - Decentraland, What is the DAO (https://docs.decentraland.org/dao/dao/what-is-the-dao/) — the contracts and lists the DAO controls, and the voting-power rules. - Decentraland, The DAO Fund (https://docs.decentraland.org/dao/dao/the-dao-fund/) — the 222M MANA vesting contract and marketplace fee income. - Decentraland, Governance dApp (https://governance.decentraland.org/) and Transparency dashboard (https://governance.decentraland.org/transparency/) . - Aragon, Decentraland secures its treasury with Aragon (https://blog.aragon.org/decentraland-secures-treasury-with-aragon/) — the Aragon Agent holding the DAO’s funds.