What is MolochDAO: DAO Jobs in Ethereum Ecosystem

Muhammad Naeem

Blogger

Usually, organizations in the real world follow the top-to-bottom organizational structure where the decision power lies in the hands of the person or entity at the highest post. This structure is not very democratic and inclusive and therefore the members of such organizations feel left out.

However, thanks to blockchain technology, we have smart contracts based Decentralized Autonomous Organizations (DAOs) that offer voting power to every member. DAO follows a bottom-up organizational structure with no central authority. The rules encoded in the smart contract are the laws of such DAOs.

Bottom-up Structure: Traditional Central Government Style

The DAO governance rights are provided through the governance tokens and the token holders can execute their voting rights to make changes in the DAO's code and functions. Unlike centralized leadership in traditional organizations, DAOs operate in a fully autonomous manner by the member-owned communities.

What is MolochDAO?

MolochDAO is a similar Decentralized Autonomous Organization but more. The MolochDAO is an open-source DAO that funds Ethereum infrastructure and public goods. Moloch claims to survive and function without any Venture Capital Fund.

The DAO has funded many popular projects like DApp Node, Ethereum Cat Herders, Tornado Cash, Lodestar, Lighthouse, clr.fund, and multiple reports with over $700,000. It allocated 3600 ETH for the Ethereum 2.0 upgrade.

MolochDAO probably justifies what an actual DAO should look like. Moloch has no CEO, there is no team of managers, and no room for bureaucrats. It is run by the community members who steer the DAO to a better future in the Ethereum blockchain. Since 2019, MolochDAO has achieved and impacted over 100 projects and research initiatives with more than $50 million worth of grants.

MolochDAO has also organized and sponsored several events and hackathons to foster collaboration and innovation in the Ethereum community.

MolochDAO and Ethereum Ecosystem:

Ethereum has a booming digital economy and is super friendly with the creators and developers through its EVM (Ethereum Virtual Machine), the ecosystem is expanding every day. There are projects always building on top of Ethereum. Though not all projects are productive, there are some projects that can empower and change the entire decentralized world.

What is MolochDAO: Decentralized Autonomous Organization

MolochDAO patronages such projects to increase their success rates on the Ethereum blockchain. It funds the potential projects on Ethereum infrastructure and digital goods. The is based on core principles and values such as simplicity, security, usability, extensibility, and ragequit mechanism.

How to join MolochDAO?

Here's how you can be a part of MolochDAO:

• Step 1: The minimum amount to pledge is 10 wETH and the maximum is 100 wETH. Decide the amount to pledge.
• Step 2: Visit the MolochDAO website and click on the “Pledge” button. Approve the transaction to create a proposal.
• Step 3: Share your proposal on the MolochDAO and explain what projects or initiatives you would like to support or propose.
• Step 4: Wait for a member to sponsor your proposal and submit it to MolochDAO.
• Step 5: Once your proposal is submitted, it will enter a voting period of seven days, during which members can vote yes, no, or abstain. You will need to get more than 50% of the votes in favor.
• Step 6: If your proposal is approved, you will become a member of MolochDAO and receive voting shares proportional to your pledge amount.

How do DAO founders make money?

There are several ways to earn from MolochDAO, depending on your skills and interests. Here are some of them:

• As a MolochDAO member, you can claim a portion of the treasury of ETH and ERC20 tokens by submitting a membership proposal. You can also exit MolochDAO by burning your shares and withdrawing your proportional share of the treasury.
• You can request funding from MolochDAO by applying for a grant for your project or research that contributes to the Ethereum ecosystem and public goods.
• You can work for MolochDAO by providing labor or services that are aligned with MolochDAO’s goal of funding Ethereum infrastructure and public goods.

How to request funding from MolochDAO?

Here are the steps on how to apply for a grant and raise funds from MolochDAO:

• Get initial feedback from community members.
• Check with the members of the ReallyBoringGuild3 if your project is a good fit for MolochDAO’s grants.
• Submit a proposal on-chain through smart contracts and deposit wETH.
• If your proposal is approved, you will receive the grant amount in ETH or ERC20 tokens from the treasury of MolochDAO.

However, the DAO only funds the projects that support the Ethereum blockchain. Make sure your project improves Ethereum infrastructure, strengthens Ethereum other DAOs, individuals, and projects on the blockchain, and the project can easily be scaled to the global level. The DAO does not fund any Shitcoin projects or degens.

What are DAO jobs?

A DAO works like an organization but power is distributed among all members. Like any institution, the DAOs require people to do tasks like developing, marketing, doing graphic designing, writing smart contracts, and writing their content. Usually, they hire freelancers to do these jobs but for important positions like developers, these DAOs offer DAO jobs.

DAO Jobs in the Ethereum Ecosystem

Finding DAO (Decentralized Autonomous Organization) Jobs:

If you are looking for DAO jobs, you first need to define your services as developer, writer, or designer, etc. Once you have decided what you are willing to offer and have ample knowledge of it, you can hunt the DAO jobs.

Follow these steps to find DAO jobs in the Ethereum ecosystem or other blockchains.

• Understanding the DAO and Web3 Ecosystem and preparing yourself to be a useful addition to any project.
• One of the most important aspects of finding a job in the DAO, Decentralized Finance, and Web3 space is building your network. Build your network and prepare your portfolio to become a potential candidate.
• Start looking for jobs on different platforms. You can ideally follow these three ways:
  • Freelance platforms: You can make your profile on Freelance platforms like Fiverr and Upwork to hunt jobs. If you are just starting off and don't have much experience, freelancing can help you gain that.
  • Use Social Media Platforms: Use social media platforms to attract potential clients looking for talent online. You can use LinkedIn, Twitter (X), or Facebook (Meta) to gain exposure. You can use relevant hashtags like #Web3, #DAO or #DAOJobs to find the already posted jobs.
• Once you have found the job that matches your skillset, prepare a convincing proposal. If the client sees you as a good fit, you might land on your dream DAO job.
• Check Web3 Job Portals: You can use platforms like Cryptocurrency Jobs, DAOmatch, Remote3, or Crypto Jobs List to browse hundreds of jobs in various categories and locations.

A DAO is a type of organization that operates autonomously and is self-governed with no central authority or hierarchy. This is made possible by the use of blockchain technology and smart contracts. MolochDAO is definitely one of the unique and most projects that empowers the Ethereum blockchain.