The problem DAOBlocks solves

Managing DAOs and their associated activities can be a daunting task, often requiring a certain level of technical expertise. This high entry barrier poses a significant challenge for the majority, hindering widespread adoption. The complexities involved in governance model and tokenomics in DAO deter individuals, organizations, and communities from initiating DAOs and instead leverage platforms such as Discord and Telegram for streamlined activity management. Consequently, many resort to manual processes, leading to inefficiencies.

Recognizing these challenges, we are developing a decentralized infrastructure tailored for the seamless facilitation of various DAO activities, encompassing governance and tokenomics. Our objective is to reduce entry barriers significantly while preserving the trust associated with decentralization and ensuring tamper-resistant governance. This initiative aims to simplify the creation and management of DAOs, fostering broader participation and eliminating the need for extensive technical knowledge. Through this decentralized solution, we seek to enhance the accessibility and efficiency of DAO-related processes, enabling a more inclusive and user-friendly experience for communities, organizations, and individuals alike.

Challenges we ran into

One of the major challenges we encountered while building DaoBlocks was finalizing the logic for determining the quorum on specific proposals within the DAO (Decentralized Autonomous Organization). Ensuring that the quorum requirements were both fair and efficient was critical for maintaining the integrity and functionality of the platform. We were finally able to implemnent this in our smart contracts after going through multiple iterations.

Another significant stepping milestone was the implementation of quadratic voting, a voting system designed to address the imbalance of influence among voters. Quadratic voting allows individuals to express the intensity of their preferences rather than just the direction, making it a more nuanced and fair voting mechanism. We initially developed a custom smart contract that accurately calculated the cost of votes based on the quadratic formula and after rigourous testing integrated it into our main platform

Another important hurdle was determining the appropriate level of flexibility to give to DAO creators or managers to maintain a balance of specifications for different DAOs within the platform.