<aside> 👨🏻‍🍳 The Ethereum Whitepaper describes a Decentralized Autonomous Organization as a virtual entity that has a certain set of members (or shareholders) which, perhaps with a 67% majority, have the right to spend the entity’s funds and modify its code. The members of a DAO can collectively decide on how the organization should allocate its funds. Read the Ethereum Whitepaper here.

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A DAO can be used to…

• Trade funds together on Sushiswap
• Co-own an art collection or collection of rare IRL objects
• Collect NFTs on OpenSea with friends
• Manage project liquidity together
• Govern a team or project at your company
• Paying salaries or development bounties
• Receive profits from a royalty on an existing NFT collection
• Earn APY on funds that you & your friends will send to a not-for-profit organization
• Anything else you and your community can imagine!

Unique Features of Omakasea DAO Contracts

Omakasea DAO contracts have dynamic function calls, meaning that the DAO contracts can interact with any other contract on the blockchain. This enables you and your community to do things like interact with AMMs and upgrade your DAO’s contracts post-launch.

Dynamic function calls offer an upgraded DAO experience. Not only does your DAO carry out the basic governance actions, it can also act as an on-chain entity for fund transfers, asset management, and contract interactions.

The basic functions in the DAO contracts include:

• Pre-mint and mint a token supply
• Governance holders can call a create voting function
• Governance holders can publish a sign voting function
• Anyone can activate a function for a vote has reached governance approval