Long-time in the discord and Honeyswap LP liquidity provider. I teach university computer science and I’ve been telling my students about how the DAO is the structure of the future, allowing ideas to rise to the top with a horizontal structure that, ideally, lifts up many hundreds of token holders as a result of their collective efforts and goodwill, leading to higher TVL for a DeFi or any other blockchain project. Many have seen decentralized and remote work seemingly spring forward a decades worth of advancement as a result of the pandemic and are wondering what this means for these organizations.
I would always use 1Hive or MakerDAO as the best examples of a DAO that have gained traction and scaled as a result of some smart devs initiative, impressive organization, and ambitious development. Many would type in MakerDAO.com and 1Hive.com, which was unused, so after having to explain that it’s 1Hive.org a half dozen times, I went ahead and bought 1Hive.com to exterminate the confusion and serve as an on-boarding site for users who is enthusiastic about blockchain tech but crippled with anxiety over the perceived technical skills necessary to take part in a swam.
Consistent with my teaching style and blockchain newsletter, I like to integrate animated gifs that visually display the step-by-step processes or functions. YouTube is good for such tutorials but core content often gets lost in the “remember to like, subscribe, smash the notification bell” and all sorts of wasted time designed to keep users on a video as long as possible and deliver the engagements necessary for a video to be blessed with a higher keyword ranking by the algorithms. This is distracting and off-putting for those that want to learn in a FreeCodingCamp-type way that gets right to the point.
My introduced to 1Hive by xDAI’s projects list. I was excited to see a Uniswap V2 fork deployed on xDAI, which in my mind would be ideal as the nominal gas fees on xDAI could encourage volume trading, benefitting staking for LPs. If there is an arbitrage profit potential for $0.01 and the cost of gas is $0.0001 then some savvy, high-frequency market makers will take that trade, benefiting liquidity providers with a sustained, regular ROI. This is particularly powerful for stablecoin 50-50 crypto pairs where impairment loss isn’t an issue. At that point I dipped my toe in for some xDAI/WxDAI & USDC/xDAI crypto pair LP pool participation percentages and jumped to the best built-out Discord channel I’ve ever seen.
I’ve met most of the leadership team through the Discord Cafe voice chats and was blown away at the robust discussions with ideas being challenged and people setting their egos aside to collectively adjudicate the best solution for a problem, the power of the DAO model of Swams and savvy dev opportunities became more tangibly apparent. Couple that with the pollen awards makes this community as perfect as it gets to introduce someone who wants to get active in the space to direct their attention to a DAO community and be able to HODL a bit in the process for their contributions as the project Moons.
I plan on crafting several dozen more step-by-step tutorials. Was excited to see that #1Hive-Radio was added as a Swarm. I second the need, as proposed by @CurlyBracketEffect, 12 days ago in the Proposals section, as a swarm for whomever wants to work on this public-facing effort to continue the solid positioning to new blockchain enthusiasts.