Season 2 | Episode 3

In this episode of Bell Curve, Mika Honkasalo and Shreyas Hariharan join us to discuss how to grow a DAO. We explore Coase's Theory of the Firm, the tradeoffs between immutability and efficiency, scalable governance frameworks and value creation vs capture. My favorite segment is "Is Your Protocol Easily Forkable?" - you won't want to miss it!

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Timestamps:

(00:00) Intro: Pre-Interview

(00:33) Coase's Theory of the Firm

(07:29) Unique Properties of a DAO

(15:01) Optimizing for Immutability vs Efficiency

(24:16) MakerDAO vs Uniswap Governance Structure

(28:08) “Reserve Ad”

(30:22) MakerDAO vs Uniswap Governance Structure

(36:21) Do DAOs Increase Transaction Costs?

(39:02) Value Creation vs Value Capture

(50:26) Is Your Protocol Easily Forkable?

(54:05) DAO Decision Making

(59:16) The Future of DAO Work

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Follow Mika: https://twitter.com/mhonkasalo

Follow Shreyas: https://twitter.com/HelloShreyas

Follow Mike: https://twitter.com/MikeIppolito_

Follow Jason: https://twitter.com/JasonYanowitz

Subscribe on YouTube: https://bit.ly/3R1D1D9

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Subscribe on Spotify: https://spoti.fi/3cpKZXH

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Resources:

Coase in the 21st Century (Shreyas)

http://bit.ly/3hRMujv

Working In Public

http://bit.ly/3GwysOA

On Forking DeFi Protocols (Multicoin)

https://multicoin.capital/2020/04/16/on-forking-defi-protocols/

Mika's Substack

https://mhonkasalo.substack.com/

Shreyas' website

https://shreyashariharan.com/

llama.com

https://llama.xyz/

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Reserve Protocol aims to protect consumers from the effects of high inflation and hopes to one day eradicate it.

It's a self-service, permissionless factory where anyone can build, deploy and govern their own asset-backed stablecoins (RTokens), which can be integrated within DeFi and real-world commerce.

The Reserve App is a user-friendly way for ordinary people to buy RSV stablecoin with their local currencies and use them locally. More info at https://reserve.org/

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Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.