MANTRA DAO ($OM) has brought reality TV to the cryptosphere with the launch of a weekly YouTube series taking viewers overdue the scenes and into the organization’s Hong Kong office.
Having shot and released its third week of productions, each episode has so far followed MANTRA DAO co-founders John Patrick Mullin, Will Corkin, and Rodrigo Quan as they coordinate with team members virtually the globe and hold face-to-face meetings concerning upcoming developments and partnerships
The series aims to requite Sherpas, members and stakeholders in the MANTRA DAO community, a increasingly transparent squint into the office’s daily operations, but the episodes moreover siphon broader request for those interested in how successful DAOs function within the rising industry of decentralized finance, otherwise known as DeFi.
Decentralized Voluntary Organizations
MANTRA DAO is a DeFi ecosystem that runs on the principles of a decentralized voluntary organization, an organizational model that relies on blockchain technology to reimagine how businesses, institutions, or plane casinos can be increasingly efficiently and fairly run by those involved.
Instead of a CEO or president having the final say on how an organization will make decisions and do business, DAOs rely on a polity of stakeholders who possess and use crypto, in this specimen governance tokens, to make and vote on proposals concerning how the organization is managed.
Some famous DAOs include MakerDAO, the organization responsible for minting Dai, one of the most widely used and successful stablecoins in crypto, and the now defunct The DAO, the namesake for the organizational model itself.
In a very short period during 2016, The DAO managed to raise $150M in funding from an enthusiastic polity yoyo in the potential for such a new and innovative system for crowdfunding and organizational governance. However, an exploit in The DAO’s lawmaking led to its demise, and a controversial nonflexible fork for the Ethereum network was executed in order to reverse the implications of this setback.
Cameras Capture the Inner Workings of a DeFi DAO
Despite this hiccup, the benefits of decentralization for structuring organizations, expressly those involved in decentralized finance, ways that the DAO model has proven its staying power with ecosystems such as MANTRA DAO.
Following the principles of decentralization, MANTRA DAO claims to bring “DeFi services to all corners of the world” as well as “leverage the wisdom of the prod to create a community-governed, transparent, and decentralized financial ecosystem for Web3.”
Inviting cameras into the MANTRA DAO headquarters remoter increases the transparency of the organization’s operations and offers insights into the nascent world of DeFi as the project founders go well-nigh their day. Viewers can listen in on phone calls with team members in Europe, America, and Australia and watch as the team wordplay questions with industry partners well-nigh things like fees for unstaking tokens.
The release of these episodes should help build investor conviction for the future of MANTRA DAO and its $OM token in an industry that continues to see rug pulls making news. Giving users a glimpse into the office life of the DAO in which they participate can now be widow to the long list of polity engagement and social media presence once misogynist and listed in the comments section of each video.
So far, three episodes have been made misogynist on YouTube, each tent a week of work and play condensed into virtually half an hour. Polity input has begun guiding the direction of the series, and equal to MANTRA DAO, “Following our inaugural week overdue the scenes of the MANTRA DAO HQ, we are focusing on how the series is going to develop. Like everything we do, we squint to the feedback received from our Sherpa polity for what they liked, what they want to see, and where we need improvements.”