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Interview with Defi Beats of Bankless Consulting
Defi’s background and how he got into web3 and DAOs
He bought his first NFT after getting rugged, and he started to get the hang of the web3 rules through the mentors he connected with on Twitter. He joined a DAO that did things really well and by the book, which set him up with everything he needed to be successful moving forward in the space.
Defi’s current projects
Defi is creating a collective of consultants that pay their membership in equity, so they can build their wealth while also helping to further the goals of the DAO.
Common growing pains and how to address them
Defi knows what it’s like to build something from scratch. He also understands that structure is not the opposite of decentralization. He often sees DAOs pull away from the structure that the DAO needs in order to survive. The DAOs are an opportunity to differentiate between power and influence. Everyone in a DAO is a leader, but that doesn’t mean that there shouldn’t be rules that are collectively followed.
Everything that happens in a traditional company has to also happen in DAOs, it just won’t come in a hierarchical model as it does in traditional companies.
Advice Defi has for people who are starting a DAO
Be very intentional about who the starting team is. If you are starting a DAO on your own, then it’s not a DAO, because it is inherently centralized. So the start team is critical to getting it off the ground. And once you have that team, get used to disagreements. Healthy conflict can bring the best results to the project, so getting comfortable with being criticized and challenged is so important to building a successful DAO.
Favorite tools for running a DAO
Defi currently uses Notion.io and Discord to run his DAO.
Connect with Defi Beats
https://twitter.com/defi_beats
https://www.hzqconsulting.com/
Connect with Adam
https://twitter.com/0xThriller
https://midao.org/
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By Adam MillerDefi’s background and how he got into web3 and DAOs
He bought his first NFT after getting rugged, and he started to get the hang of the web3 rules through the mentors he connected with on Twitter. He joined a DAO that did things really well and by the book, which set him up with everything he needed to be successful moving forward in the space.
Defi’s current projects
Defi is creating a collective of consultants that pay their membership in equity, so they can build their wealth while also helping to further the goals of the DAO.
Common growing pains and how to address them
Defi knows what it’s like to build something from scratch. He also understands that structure is not the opposite of decentralization. He often sees DAOs pull away from the structure that the DAO needs in order to survive. The DAOs are an opportunity to differentiate between power and influence. Everyone in a DAO is a leader, but that doesn’t mean that there shouldn’t be rules that are collectively followed.
Everything that happens in a traditional company has to also happen in DAOs, it just won’t come in a hierarchical model as it does in traditional companies.
Advice Defi has for people who are starting a DAO
Be very intentional about who the starting team is. If you are starting a DAO on your own, then it’s not a DAO, because it is inherently centralized. So the start team is critical to getting it off the ground. And once you have that team, get used to disagreements. Healthy conflict can bring the best results to the project, so getting comfortable with being criticized and challenged is so important to building a successful DAO.
Favorite tools for running a DAO
Defi currently uses Notion.io and Discord to run his DAO.
Connect with Defi Beats
https://twitter.com/defi_beats
https://www.hzqconsulting.com/
Connect with Adam
https://twitter.com/0xThriller
https://midao.org/