8. Case studies

NOTE: What follows are a theoretical high-impact scenarios. This is not a claim that funding will meet these amounts, only an exploration of possibilities.

8.1 Vested assets in DAO treasuries

Projects which previously launched a token could donate a portion of the tokens currently controlled by governance. Here’s a rough sample of what this might look like in practice, using the top 20 projects by unvested DAO holdings. (data taken on Nov. 11 from Open-Orgs.info by David Mihal). This is not meant to be a comprehensive survey. see the data behind these charts here.

Name

Unvested Treasury

Vested Treasury

Uniswap

$11,032,128,273

$4,467,296,235

Lido

$1,013,369,806

$1,013,369,806

Aave

$710,995,680

$710,995,680

Olympus DAO

$695,596,511

$695,596,511

Synthetix

$459,754,748

$459,754,748

ENS

$4,814,784,391

$398,406,844

MakerDAO

$315,896,435

$315,896,435

Badger

$281,435,598

$281,435,598

Gitcoin

$643,282,372

$212,022,218

Yearn

$162,664,196

$162,664,196

SushiSwap

$143,079,883

$143,079,883

Alchemix

$124,448,531

$124,448,531

Balancer

$113,243,653

$113,243,653

DXdao

$112,487,482

$112,487,482

API3

$109,938,536

$109,938,536

BarnBridge

$108,304,172

$108,304,172

Nouns DAO

$67,661,963

$67,661,963

Index Coop

$65,258,192

$65,258,192

mStable

$51,208,814

$51,208,814

Nexus Mutual

$43,478,269

$43,478,269

Compound

$1,019,076,566

$37,806,182

.5% Donation

1% Donation

1.5% Donation

SUM

$48,471,770

$96,943,539

$145,415,309

Already we can see the significant benefit these donations would have. For these scenarios, we include 150 members on the split contract plus a 4 year vesting period.

8.2 Donations at launch

This funding mechanism really starts to show its promise when considering if projects start to include this as part of launch parameters. The chart below takes the same 20 projects and distributes a portion of what the max supply would have been at launch. Of course, this is just an illustration - they didn’t all launch and contribute to the split at the same time.

Name

Max Supply at Launch

Price, Nov. 11

Uniswap

1,000,000,000

$25.71

Lido

1,000,000,000

$4.27

Aave

16,000,000

$312.93

Olympus DAO

5,041,746

$878.69

Synthetix

237,694,162

$9.99

ENS

100,000,000

$58.09

MakerDAO

1,005,577

$3,025.46

Badger

21,000,000

$32.40

Gitcoin

100,000,000

$9.36

Yearn

36,666

$33,903.79

SushiSwap

250,000,000

$11.23

Alchemix

2,393,060

$453.89

Balancer

100,000,000

$24.74

DXdao

148,976

$777.09

API3

106,940,994

$5.56

BarnBridge

10,000,000

$35.06

Index Coop

10,000,000

$28.64

mStable

100,000,000

$1.13

Nexus Mutual

6,898,110

$181.95

Compound

10,000,000

$335.91

.5% Donation

1% Donation

1.5% Donation

SUM

$329,723,413

$659,446,826

$989,170,239

We believe $2M-6.5M vested over 4 years to potential contributors will be a step in the right direction. The beauty of the mechanism is that there is no application to participate as a sponsor: any entity can just send funds to the split contract, and the rest will happen without their involvement.