How To Write a DAO Constitution

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

In setting up a DAO it’s important to write a constitution defining the governance and establishing the rules.

Here are some key steps in writing a constitution for your DAO:

Start with the vision of the DAO by stating its mission and values.

Describe the governance structure including roles and responsibilities.

Define the guidelines for the members including rewards for adding value and penalties for causing harm with mechanisms for enforcement.

Include rules for protecting the members, the treasury, and other key assets and stakeholders.

Invite input from the members to review and comment on the draft.

Add new rules as the need arises.

Set up a process for updating the rules.

There are many other DAO constitutions available.

Review and consider what can be drawn from them.

All of this must work within the software framework for running the DAO.

Consider these steps in setting up your DAO.

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