If you were ever thinking of starting your own DAO, an important question driven by your group would be wen multi-sig?
Multi-signature wallets have become critical infrastructure for the DAO movement securing billions of dollars in treasuries & facilitating capital/operational payment flows for thousands of communities globally in a democratized manner. The psychological & on chain safety provided by the humble multi-sig to overstrained DAO operators is immeasurable.
However as communities continue to push the frontier of borderless coordination, the operational processes become complex. What had been a couple of signers coordinating capital through a multi-sig for a DAO has now turned into a multitude of stakeholder demands arising from a growing community.
DAOs have employed a hierarchy of either working groups or nests to tackle multiple internal roles (eg. development, growth, legal) in a decentralized manner which is optimal for retaining operational talent. These working groups (WGs) may also be provided with their operational multisigs & budgets provided at request to fuel autonomy towards their goals.
The traditional economy has always been an aspirational destination for people globally. They seek higher education & orient their career to possess a position that represents a level of stability, career & salary growth. However the 2008 crisis & the consequent technological disruptions (on demand applications like Uber, Ola etc, COVID, instant gratification mindset) has seen a shift in that trend leading to the rise of the gig economy.
Prized values like loyalty & stability were slowly being lost towards market driven execution of emergent work.
People looked to the gig & freelance economy as a way to supplement their incomes, however a lot of aspects about the gig economy did not align with the best interests of these gig workers. The lack of jurisdictional protection for gig workers especially across borders, the inability to be considered as a stakeholder for the projects they devote their time towards & an inability to receive employee benefits that were primary needs for these people.
DAOs have to deal with a swarm of contributors looking to do their best for the community. It’s absolutely vital that payroll administration is done optimally to keep up with operational requirements. Delineating ad hoc payments & non payroll related bulk payouts from payroll settlement is also a major need for streamlining payroll admin work.
And we’ve deployed a critical feature to address both these needs:
Parcel has launched invite links to make the life of DAO operators easier & optimize payroll admin work.
They serve 2 purposes:
DAOs have strived to maintain a collaborative structure that has an impact towards its mission & empowers its community. However DAOs are stifled by a lack of tools that allow transparent delegation of responsibilities for their teams. DAOs also require simplified reports of transaction history for optimization & reporting processes.
In light of this, the Parcel V2.1 has now been launched with 2 highly sought after features:
Modular Access Control
This is a mission statement, not just a memo.
COVID has been a big game changer in the way the world works. An increased paradigm shift in people having to work from home. Greater coordination with people across the globe. However that paradigm shift has been accompanied by an even larger wave of fragmentation of work that we call the gig economy.
What’s clear is that the work of tomorrow is evolving to more hyper connected and fragmented opportunities against the status quo of long-term, salary-based work.
Before we move further, we would like to update you with some important stats on the dApp:
You know the feeling when you’ve been working on a jigsaw puzzle for countless hours and you place that final piece in its right spot, forming the whole picture that matches the image on the box perfectly? You sit back, appreciate your effort, and experience that unmatchable sense of accomplishment.
Now, imagine feeling that way about your contributor payments— envision automation spanning the entire rewards payout process from the treasury all the way through your contributors. It’s possible with Parcel’s newest features around DAOs’ payout processes.
While Parcel has long assisted its users to make 1-click mass payouts on top of Gnosis Safe, there has been an emerging need for added solutions and functionalities.