DAO Transformation — DAO Punk Cohort Week 2

TradFi to DeFi — DAO Transformation Week 2

Another amazing week has passed on our road to forming a DAO! We’d like to again offer our sincerest thanks to the DAO Punks community for making this process possible via their generous grant of one Ethereum (1 ETH) via their Cohort 1 Grant. But the DAO Punks community is so much more than just a grant-issuing entity. They’ve gone above and beyond to extend support for the entire transformation process, melding perfectly with the TradFi to DeFi community. Big shout out to Prim for watching out for new opportunities in the industry and recommending accordingly — you’re a TradFi to DeFi natural!

So much has happened recently that it can be hard to keep up. We’ve cleared milestones, formalized documentation, and gathered some significant data regarding community engagement and involvement. And there’s still so much to be done! We’re incredibly humbled by the outpouring of support and love from the entire community and beyond thus far. Let’s keep up the momentum and take inventory of the awesome week in the budding TradFi to DeFi DAO.

Community

The TradFi to DeFi survey has proven a major success, with over a dozen community members volunteering their time, energy, and skill sets to the DAO. From this feedback, we’ve begun to establish nine working groups, which are as follows:

• Writing
• Art and Design
• Software
• Finance
• Social Outreach
• Community Management
• Business Development
• Business operations
• Governance

Thus far, the writing and business development groups have stolen the show with a significant show of hands! We’ll be conducting a manual outreach to those who expressed interest in a group this coming week, so keep an eye on your inbox.

As we rally and organize, we want to keep a few guiding principles in mind. TradFi to DeFi started as a people-centric community, with firm focuses on helping one another learn, grow, and prosper in this exciting new world of decentralized finance. Our primary goal is to keep these founding principles close to our hearts as we scale.

For a quick refresh… Let’s quickly summarize our group description, mission, and values. These are crucial to ensure alignment before we proceed down the path of instantiating governance and operations.

What is TradFi to DeFi?

We are a networking hub, project incubator, talent connector, mentorship provider, and opportunity maximizer for the DeFi enthusiast, whether new or experienced.

Why does TradFi to DeFi exist?

As the world transitions from the status quo of Traditional Finance (TradFi) to the emerging world of Decentralized Finance (DeFi), there is a tremendous need for talent that can navigate this brave new world. We structured this group to equip you with the skills needed to understand DeFi tools while also providing opportunities for learning, networking, and professional development.

What is our mission?

It’s our mission to teach, encourage and inspire you on your decentralized finance journey. To spark synergies, foster long-lasting connections, and expand your horizons. We are a hub of activity, opportunity, excitement, and possibility. Come join the DeFi revolution!

What are our values?

1. Inclusion: No prerequisites exist for participation. Respect the stranger, respect the group, & respect yourself.
2. Self-reliance: We encourage exploration, discovery, and creativity within the crypto space. Protect yourself. Don’t get rekt.
3. Communal effort: We value creative cooperation and collaboration. We strive to create, inform, and interact.
4. Responsibility: Community members assume responsibility for his/her self as well as other members.
5. Participation: We achieve by doing. Everyone is invited to work and play. No level of participation is too minuscule.

Now that we’ve refreshed that, let’s talk about how we’re handling documentation for each step of this journey.

Documentation

We’ve begun to undertake proper documentation and housekeeping protocol using the incredibly intuitive and modular software Notion. Thus far, we’ve ported the TradFi to DeFi rules to the environment, created a proprietary system for interpolating meeting notes with outstanding roadmap milestones, and have begun work on the TradFi to DeFi governance framework.

On that note, we’re asking for community feedback on the forthcoming first draft of the governance document (or constitution). This document will serve as a cornerstone for the community, outlining our beliefs, principles, and procedures for subsequent generations of TradFi to DeFi members. As such, ensuring that the document is as transparently created, thoroughly comprehensive, and forward-thinking as possible remains crucial. We’ll be posting a public announcement regarding the first draft of the Constitution going live over the weekend or early next week. Comments and feedback are encouraged!

As with all aspects of this DAO initiative, we are laser-focused on identifying the paths of least resistance that do not compromise our values or effectiveness. We are adopting a flexible approach to governance that may require several iterations before we get it right. So don’t be surprised if we pivot a few times in the process!

Brace Yourselves!

All these exciting developments will begin to come to fruition rather quickly. It takes a bit of time to lay the groundwork before things begin to flourish, and we’re pleased to report that much of the initial groundwork has been laid. This week we’ll be posting announcements regarding all the previously mentioned points and actively reorganizing the Discord to reflect these changes! Astute observers may have already noticed some new roles and rooms popping up as we test out best practices and scalable solutions in the background.

But don’t fret! As promised, the community-centric TradFi to DeFi ethos is only growing stronger. This new forthcoming layout will make it easier than ever to engage with others professionally and secure the alpha you need to accelerate your journey into the wonderful world of decentralized finance.

These first couple of weeks are only the beginning, and we’re so excited to grow this community together! While the crypto markets continue to shock and awe in ways many of us would certainly not prefer, TradFi to DeFi continues to build alongside amazing communities like DAO Punks and more.

Let’s BUIDL!

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TradFi to DeFi exists to teach, encourage and inspire you on your decentralized finance journey. To spark synergies, foster long-lasting connections, and expand your horizons. A hub of activity, opportunity, excitement, and possibility. Come join the DeFi revolution!

Don’t forget to join us on discord!
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Also, special shoutout to Ray for this summary article.