4 November 2022: PrimeDAO strategic alignment

Token swap creates strategic alignment with PrimeDAO, Aragon ZK Research presenting at Ethereum Dev Barcelona, Exponent feature week on Twitter.

Nov 04, 2022

PrimeDAO token swap was completed, creating economic and strategic alignment between the two projects. Read our blog describing PrimeDAO’s products and explaining the importance of strategic token swaps in the DAO ecosystem.
Aragon ZK Research is presenting OVOTE and BatRaVote at Ethereum Dev Barcelona on November 18th. Register to attend if you’re in the area!
This week on Twitter we featured Exponent, one of our DAO Experts in treasury management. Exa from Exponent and Shawn chatted about treasury management best practices, and we featured their capital-as-a-service offerings in this thread.

Highlight of the week: Token swaps as strategic alignment

This week we completed a token swap with PrimeDAO of $50,000 worth of ANT for their native token, D2D.

PrimeDAO builds DAO-to-DAO products and services with the goal of creating a more collaborative, cooperative ecosystem of DAOs and DeFi protocols.

Aragon and PrimeDAO are aligned in that both help DAOs launch and scale. Aragon provides the permission management system in which to build a DAO on top of, and PrimeDAO provides the tooling that connects DAOs and facilitates partnerships.

PrimeDAO’s products

Prime Launch: Kickstart your DAO’s liquidity with a token sale. Options for a seed fund or Balancer liquid launch.
Prime Deals: Perform on-chain, DAO-to-DAO token swaps and deals in a trustless manner.
Prime Ratings: a rating framework that helps you understand how other protocols compare, scaled in a traditional grading system (A to D).

Pairing Prime Launch with Aragon Client and the upcoming App

A powerful pairing for DAOs launching a token is Aragon Client and Prime Launch. On Aragon Client, you can mint your ERC20 tokens and begin using them for on-chain governance right away. Then, once your tokens are minted, go to Prime Launch to run either a seed fund or a liquid launch to distribute your token and raise funds to kickstart your project!

Why swap tokens?

Token swap are a key method of collaboration in DAOs. They’re useful mechanisms for these reasons:

Swaps create economic alignment between projects. When one project’s token goes up, the other’s treasury increases in value.
Swaps distribute governance power to relevant groups. PrimeDAO has interest and stake in the Aragon ecosystem, so swapping governance power gives each group voting rights in the other’s organization.
Swaps diversify each DAO’s treasury. A diversified treasury is a healthy treasury. By swapping tokens, each group is further diversifying their own assets and firming their stores against the next downturn.

Token swaps are DAOs’ way of starting a partnership and increasing alignment between groups so the ideals of WAGMI can become a reality!

PrimeDAO (D2D) @PrimeDAO_

We're joining forces with @AragonProject to accelerate DAO development! 📈 Read more about the Strategic Partnership and Token swap in our announcement blog 👇 link.medium.com/4s75uNUQEub

link.medium.comAragon and PrimeDAO establish Strategic Partnership ⚡Aragon and PrimeDAO complete strategic partnership and token swap totaling $100,000 in $ANT and $D2D.

Votes

No votes live this week.

Proposals

Overview of Rules, Guidelines, and Practices

Summary of last week’s Friday Social and key takeaways.

Updates on older proposals:

PrimeDAO token swap confirmed. Etherscan link.

Karma vote weighting discussion happening on November 7 at 12 a.m. UTC/8:00 pm EST in the Aragon Discord.

Network Highlights

Aragon ZK Research will be presenting at Ethereum Dev Barcelona on Friday, November 18.

Artem will present BatRaVote, an off-chain lightweight voting solution, and discuss its integration with Ethereum.
Arnau will talk about Blind-OVOTE: blind signatures over elliptic curve inside a snark, which provides gasless anonymous voting with onchain binding execution on Ethereum.