Venture Activity

One of the main missions of our DAO is seeking to advance the cause of aiding the development of the broader decentralized finance ecosystem. As such, we will function as a Venture DAO to support early-stage DeFi projects. In this regard, we will function similar to other Venture DAO's such a Metacartel, Global Coin Research, CSP DAO and many others of whom inspired our format.

In broad strokes, DeFianceDAO will collaborate with other venture DAOs, investors, and developers in the space to identify seed and private round opportunities that would be of interest to our community and where we may be a value add investors. These opportunities will be brought to the appropriate channel of the community Discord, where they can be discussed and reviewed by the community. Should a project garner sufficient interest, we will proceed with further due diligence, deal calls, AMA’s and the like. Assuming we proceed, we will utilize our own Venture Window to handle fundraising and token distribution.

As is standard practice, the DAO will collect a carry on our raises. A portion of this carry will go towards overhead/administrative costs as well as provide rewards to members who sourced deals or were otherwise instrumental. The remainder of the carry will go to our Treasury, where it will be used for community rewards or to otherwise execute our Treasury strategy.

The particulars of the carry system, tiered participation and other similar matters will be finalized after our token goes live and we can conduct an appropriate democratic process with the input from our community.