The Collab.Land Co-op, a DAO, is a community-governed organization to oversee the Collab.Land ecosystem. Membership in the DAO confers the right to submit and vote on governance proposals. To start, the DAO will be in charge of overseeing the Collab.Land Marketplace — an “app store” hosting various miniapps built by developers to give communities more features.
Entry to the Collab.Land Co-op is contingent on two things: ownership of at least 10 $COLLAB and ownership of a Collab.Land DAO Pass (DAO Pass).
In this post, we will explain in more detail what the DAO Pass is, how to claim it, and the mechanics behind it.
Claiming Your DAO Pass
The Collab.Land Co-op DAO framework is operated by Origami. Origami’s DAO framework requires that participation in a DAO is not just dependent on token holding, but also dependent on the wallet having a DAO Pass.
Any wallet that has at least 10 $COLLAB can claim a DAO Pass through the following URL: https://app.joinorigami.com/join/258692110553841664
DAO Passes are non-transferable NFTs. A wallet that contains both a DAO Pass and any amount of $COLLAB token is then eligible to participate in Collab.Land Co-op governance. But first there are some important things to know about the DAO Pass!
DAO Pass Mechanics
Any wallet that holds 10 $COLLAB can claim a DAO Pass. This means that technically a wallet with 10 $COLLAB can claim a DAO Pass, transfer the tokens to another wallet, and claim another DAO Pass. Though at face value that may seem like an opportunity to game the governance process, we’ll explain how the DAO Pass mechanics protect against that.
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The DAO Pass is non-transferable and cannot be sold. It can never leave the wallet which claimed it. This means that any DAO Pass listed on marketplaces like Opensea will fail if a transaction attempt occurs.
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A single wallet cannot own more than one DAO Pass. Only the right to vote is conferred by the ownership of a DAO Pass. The weight of your voting power is determined by the number of $COLLAB you own.
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One wallet with 100 $COLLAB has the same voting power as 10 wallets with 10 $COLLAB.
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You cannot vote without both a DAO Pass and at least ANY amount of token simultaneously. When a voting snapshot is taken, only the wallets with both a DAO Pass and $COLLAB are eligible to vote.
Even if one member created 100 wallets and claimed 100 DAO Passes with the same 10 $COLLAB, that individual would never be able to exercise more voting strength than the 10 tokens they own.
It's important to understand these clarifications in order to participate effectively and trustlessly in Collab.Land Co-op governance. There is no way to increase your voting power by transferring tokens between wallets and claiming multiple passes. Not only will it cost gas to transfer between wallets, there’s also no benefit that can be gained from minting multiple DAO Passes.
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By understanding how the DAO Pass works and the benefits of its usage, members can participate effectively in the governance process. If you have any clarifying questions regarding DAO Pass or Collab.Land Co-op governance, don't hesitate to reach out to the team: https://discord.gg/collabland**