Orca enables DAOs to implement pods. Pods give users a clean and easy-to-use UI to create and approve proposals within a small working group and allow DAOs to create organizational structure. From the user’s perspective, a pod is a clean and easy-to-use interface for multi-sigs. Under the hood, a pod is a Gnosis Safe with a light governance wrapper.
Orca’s Pods help solve the issue of DAOs being either decentralized or organized, but not both at once. Pods/working groups help organize otherwise sprawling DAOs, enabling them to maximize member contributions and leverage member expertise.
Most DAOs are also heavily dependent on token voting. Pods shift the focus from tokens to people; in token voting, 1 token = 1 vote; but in pods, 1 membership = 1 vote.
Orca enables DAOs to create small working groups based on expertise. Pod membership is represented with ERC-1155 tokens. Therefore, membership is non-fungible and can be made non-transferable (to unqualified addresses).
Pods can set custom rules to determine membership. They can be gated through hand-selecting trustworthy community members, various token staking requirements, or other methods and metrics.
Pods are modular, so they can be created to fit the specific needs of each unique DAO, can interoperate or work independently, and attach or detach from each other in a lego-like build.
Pods don’t really have owners in the sense that they can be freely traded. However, Pods do have admins who have some control over pod memberships. Admins can burn, transfer, or mint memberships. Admins have executive power to change membership and evict bad actors, but no power to control day-to-day operations. A pod admin does not automatically become a pod member, so they can be someone who pod members only interact with sparingly.
Pods/working groups help to organize otherwise unorganized DAOs, empowering members to contribute in specific areas of expertise. The modular implementation means each DAO can implement this solution according to their own unique needs and structure.
Since membership is gated with NFTs, membership in different working groups becomes part of a user’s web3 profile and could help them build reputation over time.
Orca is still in private beta, so we have limited information at this time.
Orca is currently in private beta. Exact date for launch is TBD.