On-chain Systems
DAO coordination via smart contracts.
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DAO coordination via smart contracts.
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"On-chain" refers to actions using a smart contract.
Systems requiring on-chain action are immutable and thus relatively permanent. Both permissioned and permissionless structures use on-chain mechanisms for their organizations.
Permissionless decisions are made using a combination of code defining the token's behavior as well as through marketplace interactions.
1p1v refers to the way a system will give one vote for each entity involved in the DAO regardless of their contribution or involvement with the organization.
In an open network DAO, on-chain activity may include participants purchasing tokens as well as computers verifying network transactions.
Understanding on-chain resource management involves thinking about automated token distribution systems as well as manual voting systems.
Grant systems are managed via voting on proposals or vault signatures for a specific resource pool.