Backed by dozens of institutions, as a gateway to Web3.0, what sets SubDAO apart?

2021.11.06

Backed by dozens of institutions, as a gateway to Web3.0, what sets SubDAO apart?

SubDAO is committed to becoming the gateway to Web3.0 by providing blockchain-based digital protocol signing, a DAO social network, asset management, and other tools and services.

2021.11.06 - 09:50:39

SubDAO

Navigating Web3 tides with focused insights

SubDAO is committed to becoming the gateway to Web3.0 by providing blockchain-based digital protocol signing, a DAO social network, asset management, and other tools and services.

Since the birth of the blockchain concept, one question has lingered in the minds of everyone across the industry: How can true decentralized governance be achieved? BM, founder of EOS, once offered an interpretation: By adopting multiple competitive game rules and objectively selecting the most outstanding individuals in different fields to achieve collective decision-making, true decentralized governance can be realized. Today, we refer to this model as a DAO. The rise of DAOs has given birth to many pioneers exploring in this direction within the industry. SubDAO is one of them.

What Exactly Is a DAO?

Before diving into SubDAO, we should first turn our attention back to the concept of DAO itself. Looking across human history, we see that the idea of organizations has always existed—and almost all such organizations have been centered around rigid ownership structures. Although over time power appears to have gradually shifted downward from emperors and kings to modern societies featuring voting systems and grassroots self-governance, with even corporations adopting open, flat organizational models, it seems people now hold more power and can influence more decisions. In reality, however, actual decision-making within any organization or group still typically rests in the hands of just a few—such as CEOs or department heads. We have yet to discover a truly self-governing model. That changed with the emergence of blockchain and the concept of DAOs. A DAO (Decentralized Autonomous Organization) is a blockchain-based mechanism that enables participants worldwide to coordinate with each other without relying on third parties, through a rational distribution of rights and responsibilities, thereby advancing shared goals. The rise of DAOs has sparked a global wave of enthusiasm. Cities like Miami have begun exploring ways to use blockchain and cryptocurrency for municipal governance. Within the blockchain industry itself, efforts to experiment with DAOs are even more active. Take SubDAO—an initiative co-founded by a former IBM Technical Team Leader and several early well-known developers from Polkadot—which quickly attracted significant investor interest upon launch. To date, SubDAO has received three official Grants from the Web3 Foundation and raised millions of dollars in funding from dozens of institutions including Huobi Ventures, OKEx Blockdream Fund, Hypersphere, CMS, and even Ryan Selkis, founder of Messari.

Dozens of institutions invested, WEB3.0 gateway—what makes SubDAO stand out?

As a DAO infrastructure project built on the Polkadot ecosystem, what sets SubDAO apart?

SubDAO Is More Than Just a DAO

SubDAO aims to become a gateway to Web3.0 by offering blockchain-based digital agreement signing, a DAO social network, asset management tools, and other services. Additionally, SubDAO’s suite of ecosystem tools enables functionalities such as crypto asset management, credit lending, and instant messaging within DAOs. The SubDAO network consists of four components: SubDAO Nodes: Blockchain nodes developed using Substrate. These nodes possess standard blockchain capabilities and provide off-chain data access, forming the foundational layer of the SubDAO network; SubDAO Airfone SDK: Provides developers with connections to DAOs within the SubDAO network, offering wrapped interfaces for DAO governance so that developers can easily and rapidly integrate DAO governance features into web applications, mobile apps (iOS/Android), and desktop software; SubDAO Smart Contracts: The core of DAO governance. Governance actions are enforced via smart contracts without manual intervention. Key components include the Template Library, Asset Vault, and SubDAO Guard; SubDAO App Frontend: The user-facing interface for interacting with DAOs. Through the SubDAO frontend, participants can directly engage in DAO governance. SubDAO’s vision is to embed DAO governance into every aspect of life, making everything public and transparent: One DAO Serves All. One single DAO should be able to meet diverse user needs. Therefore, SubDAO cannot simply be another DAO. On SubDAO’s official website, its product is best described as: SubDAO = DAO Infrastructure + Electronic Agreement Signing Service + Cross-Chain Wallet + Social Networking. Currently, because DAO members can come from anywhere, relying solely on informal communication among community members inevitably reduces operational efficiency. Traditional DAO governance mechanisms also commonly face coordination challenges during group decision-making. Thus, having dedicated voting or communication tools could greatly enhance governance effectiveness. This is precisely where SubDAO excels. Typically, building a custom DAO requires considerable effort from development teams. If essential governance elements could be configured with one click, it would significantly reduce both development and time costs. Moreover, beyond basic functionality, each DAO often requires personalized customization based on its unique development trajectory. This, again, is SubDAO’s strength. As a foundational toolset for DAOs, SubDAO develops a series of utilities tailored for DAO governance and available for community use. To date, SubDAO has launched several tools serving DAO governance, including DAO Wallet, PolkaSign, and DAOFi. Among them, DAO Wallet is a Chrome plugin wallet offering payment functions, social networking, and DAO management; PolkaSign is a reliable Web3.0 application providing electronic agreement signing services.

Dozens of institutions invested, WEB3.0 gateway—what makes SubDAO stand out?

DAOFi is a DeFi aggregator built on SubDAO that consolidates DeFi protocols from ecosystems like Polkadot and Ethereum, enabling DAO funds to easily earn yield in DeFi. Moreover, DAOFi will offer unique lending features specifically designed for DAOs, unavailable in traditional DeFi platforms. Currently, DeFi prosperity is no longer confined to just a few public chains like Ethereum but reflects a diversified, flourishing landscape. However, most existing DAOs only support a single chain, making it difficult to integrate resources across different blockchains and resulting in low overall resource utilization efficiency. Leveraging Polkadot’s superior cross-chain interoperability, SubDAO has developed its own cross-chain wallet tool to help projects achieve better cross-chain aggregation and governance. Simultaneously, by connecting to multiple chains, SubDAO can pool more capital, creating a positive feedback loop for DAO growth. Combined with SubDAO’s built-in social networking features, both experienced and novice users can enter the governance process with minimal learning curve. Due to its versatility and broad applicability in DAO governance, SubDAO has gained strong support from numerous projects. According to official announcements, SubDAO has formed strategic partnerships with Crust, Phala, StaFi, and Litentry—all of which have already joined the SubDAO testnet.

Governance-as-Mining

Beyond its product advantages, SubDAO's innovation in economic modeling for DAO products is also worth noting. While DAOs represent an innovation in governance, they still face certain limitations. DAO operations rely heavily on human activity rather than automation. Although the DeFi era has seen smart contracts automate many tasks—such as scheduling fund disbursements—the initial setup of these rules still requires direct human negotiation. In fact, many self-organized research groups today are essentially functioning as DAOs. While DAOs need to accomplish tasks, motivating individuals to take action remains challenging. The root cause? A lack of effective incentives. Without proper incentives, members lose interest in governance over time, eventually leading to the DAO’s demise. To address this, SubDAO introduced its own solution: launching its native token GOV, allocating 27% of the total supply to Governance Mining ("governance-as-mining"). GOV, short for "governance," is SubDAO’s native token with a total supply of 1 billion and an annual inflation rate of 5%. Within the SubDAO network, GOV is used to pay transaction fees.

Dozens of institutions invested, WEB3.0 gateway—what makes SubDAO stand out?

Every GOV holder can vote on all aspects related to the administration and governance of the SubDAO network, including governance proposals, referenda, network upgrades, council elections, parameter adjustments, integrations, incentive changes, and all other managerial functions. Deeply integrating with DeFi concepts, SubDAO provides APY subsidies for GOV liquidity pools based on LP tokens generated within those pools. Additionally, combining LP tokens with native GOV tokens in the GOV farm yields higher APY, enabling multiple sources of rewards. Furthermore, DAOs will continuously attract high APY to facilitate project bootstrapping and user acquisition. Each DAO holds assets, and the value of a DAO depends on various factors such as fund size, number of members, and activity frequency. Through its unique governance mechanism, SubDAO allocates part of the token supply to contributors whose "value" of contribution increases over time alongside rising token prices. This allows contributors to gain long-term value from their efforts, maximizing member motivation and DAO activity. As a result, each DAO built on SubDAO stands a greater chance of success and becomes increasingly valuable over time. TechFlow is a deep-content platform focusing on alternative asset investments. Follow our official account for more insights, or add WeChat TechFlow01 to join the TechFlow community and participate in discussions.

Dozens of institutions invested, WEB3.0 gateway—what makes SubDAO stand out?

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Backed by dozens of institutions, as a gateway to Web3.0, what sets SubDAO apart?

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