Explain MatrixDAO in detail: Research DAO of Web3

Original source: MatrixDAO

Original author: Benson Sun

The beginning of the story

Time goes back to August 2020, when DeFi summer was hot , I accidentally heard a story from the founder of a certain DeFi project-an engineer discovered on Github that their upcoming new version has a major loophole. If it is ignored, it may cause users to lose nearly tens of millions of dollars. The engineer took the initiative to contact the team. After an emergency con-call with him in the middle of the night, the CTO fixed the vulnerability together. Because it was fixed before going online, this story is rarely known. Later, the engineer was hired as a technical security consultant. It's a good story.

There are many similar unsung heroes in the Web3 world. In the Web2 era, the company is the owner of the product, and the Web3 protocol is open source in nature. Anyone in the group can participate in the construction of the agreement. Developers can contribute by submitting code. Investors can initiate proposals or vote through governance tokens. Small-capital retail investors can provide liquidity in the agreement to get paid. In the traditional financial market, only institutions with capital advantages can become market makers.

The value of the Web3 protocol does not come from capital, team or technology, but the "community". Yearn is a good example. Even if the founder Andre leaves, Yearn still has more than 50 core contributors who maintain the agreement. This kind of collaboration model that is completely different from traditional companies continues to iterate products. This paradigm shift from "company owned" to "community owned" brings a new way of thinking, organizational structure and community incentives, and inspires us to rethink many long-standing Take it for granted.

As a community owner who has operated the currency community for more than three years, I am fortunate to be able to meet some capable people in the community, including DeFi protocols core developers, quantitative traders with a rate of return of thousands of times (whose arbitrage strategy can even force market makers to change market-making algorithms), cutting-edge digital art creators whose NFT sales exceed 500 ETH, etc., they all have something in common. Points - they are adventurous, willing to share what they have learned, and have a unique personal perspective on investing.

In the process of talking to these people, I gradually sprouted an idea - if we can gather this group of interesting, talented and adventurous people Doing cool, awesome things together, and if that could go down in history, what would it be?

There is no doubt that it must be DAO.

When I mention this idea to these people, no one will ask me: "Why do I do it?" More feedback is: "Why not ?”

This is the origin of MatrixDAO.

What is MatrixDAO?

The origin of MatrixDAO comes from a simple idea - we want to gather talents from different specialties, cultures and regions to work together to build a Web3 world . This is a social experiment, where the brightest cryptographic talents can find interesting fields to research together, make investment decisions, and contribute their expertise and resources to accelerate and incubate portfolios.

Different from traditional venture capital firms, MatrixDAO will deeply participate in the development of portfolio projects in the form of a collaborative community. Diversified member backgrounds can contribute to different fields For example, white-hat hackers can review smart contract codes for projects, and cryptographers can participate in the design of consensus algorithms. In addition, DAO itself also enjoys the social capital and relationship network of all community members, thus forming a new way of cooperation and investment.

At the beginning of its establishment, MatrixDAO has recruited a group of top encryption talents to form a research team. They will serve as members of the investment committee to evaluate a investment opportunities in high-end markets, and publish insight reports in the Web3 field to promote industry development.

We believe that DAO will become a paradigm shift in investing in the cryptocurrency market, and a high-quality community will be the key to the success of the Web3 project.

Why is it called Matrix?

In addition to the mathematical matrix, the meaning of Matrix is an environment or system that breeds a certain culture, consciousness, and atmosphere. Translated as "matrix", this is in line with our concept of building a high-quality encrypted community with common ideals and culture, so we named it MatrixDAO.

Initial member/contributor

· 0x992 (Founder, Smartilab)

· 0xWizard（Twitter influencer, on-chain data analyst）

· Adam（Partner, FTX ）

· Benson Sun (Founder, MatrixDAO & Community Partner, FTX)

·GM（Research Partner, Dragonfly Capital）

·Mable Jiang（Partner, Multicoin Capital）

·MapleLeafCap（Partner, Folius Ventures）< /p>

·Orb（DeFi OG, Blockchain Researcher @Cornell University）

·Tempo Feng（Founder, Perpetual Protocol）

·Bill Young（Co-founder, ChainNews & President, Winkrypto)

· Zhixiong Pan (former Research Director, ChainNews)

How to join?

MatrixDAO will sell Matrix NFT in April 2022 to raise DAO operating funds. Matrix NFT is the membership certificate of MatrixDAO. NFT holders can participate in voting and join Discord.

  Matrix NFT 

Matrix NFT no For the public sale plan, only 250 NFTs will be issued for the first time, and MatrixDAO will give priority to the following candidates to join the DAO:

·Blockchain-related projects/company founders

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·Blockchain industry practitioners with a professional title of Director or above

·Venture investment institution (VC) practitioners

·Contributed to blockchain open source projects Engineer/White Hat Hacker

A digital art creator who has been recognized by the public

Has academic contributions in the fields of consensus algorithm, token economy, blockchain security, etc. Scholars

· Opinion leaders who have long-term external views and have a certain number of followers

All applicants will be composed of early members If you are interested in joining MatrixDAO, please subscribe for our latest progress.

FAQ

Q1: How does MatrixDAO screen applicants?

A1: We will evaluate applicants based on three aspects:

· Applicants in Past performance in the field of expertise

·The ability/resources of the applicant to bring investment opportunities to DAO

·The ability/resources of the applicant to assist in the incubation and acceleration of the investment portfolio

Alternatively, we prefer applicants who are actively involved in the crypto community and have been recommended by existing members.

Q2: What is the role of researchers in MatrixDAO?

A2: Researchers are the core contributors of MatrixDAO, they consist of a group of data scientists, DeFi engineers, token economists, NFT collectors, GameFi experts, industry analysts It is composed of experts, white hat hackers and quantitative traders, and they will produce insight reports in the Web3 field from time to time.

In the second phase of the MatrixDAO roadmap, researchers will assist the DAO in exploring/assessing investment opportunities in the primary market and get paid based on the performance of the portfolio.

Q3: How does MatrixDAO maintain a balance between decentralization and efficiency?

A3: We believe that a good DAO should have a clear structure to authorize/delegate tasks, and formulate a responsibility/blame mechanism so that DAO Members can respect the professionalism that makes the organization work efficiently. Excessive emphasis on anarchism and decentralization is likely to lead to organizational disorder and inefficiency, and too many proposals may also make DAO members fatigued in decision-making.

Our policy is to ensure as much transparency as possible in the operation process, and to deliver to DAO members on important decisions (such as core personnel changes or investment projects) vote.

For primary market investment, potential investment projects will first be submitted to the investment committee (elected by DAO members) to evaluate the feasibility. The evaluation includes The quality of the project and the compatibility with DAO resources, if the committee approves, there will be researchers with relevant backgrounds responsible for writing the analysis report, and then submit the investment conditions and analysis report to the governance forum, and finally all DAO members vote to decide whether to use Treasury money investment.

Q4: Are the reports released by MatrixDAO researchers only open to the inside?

A4: If there is no confidential information involved, in principle, it will be opened to the public after one month. We hope that the research results can be shared with the entire community. These research reports will Published in Chinese and English.

Want to know more? Please read our official documentation.

Website: https://matrixdaoresearch.xyz/< /a>

Twitter: https://twitter.com/MatrixDAO_

Medium: https://medium.com/matrixdao-research

Linkedin: https://www.linkedin.com/company/matrixdao

Contact us: info@matrixdaoresearch.xyz

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