[vmception]

How about a DAO that only transacts in DAI and has no token representation of its shares, just prorata ownership and voting weight from initial funding via that decentralized stablecoin

The irony being that nobody would notice if these exist or are prevalent specifically because there is no token doing the advertising

[omeze]

OlympusDAO is doing something like this, but they do have a token - DAO members get paid and theres a staking process that lets them accrue more of the token. The token is backed by a treasury and is worth at least 1 DAI.

https://docs.olympusdao.finance/

Disclaimer: I own Ohm

[vmception]

Thanks for making me aware of that

I’ve seen ohm and olympusdao mentioned before but not what they did