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Delphi Enters DXdao

Aug 21, 2020 · 2 min read

By Anil Lulla

This report is not like our others. Throughout it, we’ll highlight the many flaws DXdao currently has, and those we expect it to have in the future if things are left unchanged. The critiques may even lead you to question why our Venture arm would consider making an investment to begin with. As our team mentioned in this thematic from last year, we believe that DAOs have the potential to dramatically reinvent how people organize themselves, pool their resources, and coordinate their actions to achieve a common goal. So why DXdao? Because the rarity of how it organically came together, the objective of what it’s working to build, its sizable treasury, and the dedication of its large membership are not easily replicated or seen elsewhere.

In the report, we elaborate on our concerns while also proposing the changes we believe will better position DXdao to succeed in both the near and long-term. It’s important to note that these are just ideas we’ve had while diving into DXdao and are not firm by any means. These are only meant to start a conversation. While Delphi Ventures has made a small allocation to DXD already, we may increase our commitment depending on how the community reacts to these proposals. As a member of the DAO, we’ll allocate resources when possible to help work on high priority initiatives.

Our goal is to make DXdao the destination for any developer out there looking to build but who lacks the team and financing to support them. We want it to attract long-term oriented members, interested in joining a DeFi community that cares about and services their needs. We want it to be an open incubator for ideas, with the headcount and capital reserves to make them a reality. We want DXdao to exist with one goal – to build DeFi infrastructure for the common good of its membership.