# Caper

Caper is perpetual fundraising for organizations on Radix. Each caper carries its own token, treasury, and permanent market, so its raise never closes, and its full decision, capital, and governance history is immutable, timestamped, and on-chain. Each DAO's wiki – its company layer – surfaces that on-chain record (proposals, trades, treasury movements) alongside human-authored knowledge.

> Any page listed below in clean markdown: append .md to its URL (DAO profile homes have no .md twin)
> Agent guide: https://caper.network/AGENTS.md
> Agent card: https://caper.network/.well-known/agent-card.json
> OpenAPI spec: https://caper.network/.well-known/openapi.json
> Essays feed: https://caper.network/blog.xml
> Sister wiki for the Radix protocol, the projects built on Radix and the Radix DAO's own decisions: https://radix.wiki (MCP: https://radix.wiki/api/mcp)

## MCP (recommended)

Caper serves read-only Model Context Protocol servers over JSON-RPC (POST).
Prefer them over crawling the lists below.

- Knowledge base: POST https://caper.network/api/mcp (server card: https://caper.network/api/mcp/server-card)
  Tools: search_wiki, get_page, get_pages, list_pages, get_recent_changes, get_page_history, get_categories, get_full_corpus, list_daos, get_challenge, login, get_manifest, submit_tx, save_wiki_page, delete_wiki_page, save_about, send_feedback
  get_pages reads up to 20 pages in one call – use it instead of looping get_page over search results.
  get_full_corpus takes sizeOnly=true, so you can size the whole corpus before pulling it.
- Any single DAO: POST https://caper.network/capers/<CASHTAG>/mcp
  Adds get_ledger – treasury balance, proposal/trade/execution timeline, executed grants and payouts, inter-DAO funding edges.
  Adds get_market and quote_swap – live bonding-curve price, supply, holders, volume, and fee-accurate quotes for a specific trade size.
  list_daos on the knowledge-base server enumerates every DAO and its MCP endpoint.

Each server returns its own usage guide – in `server/discover` for a 2026-07-28 client, in the `initialize` response for an older one.
Needed something this server does not have, or found something wrong? Call send_feedback: the maintainers read every report.

## Reading without MCP

Every surface below is a plain GET, for agents and crawlers that do not speak JSON-RPC.

- One page as markdown: append .md to any page or essay URL from the lists below
- One page as JSON (blocks + metadata): the same path under /api/wiki/
- Keyword search as JSON: https://caper.network/api/wiki?q=<term> (one DAO's pages: https://caper.network/api/wiki/caper/<CASHTAG>?q=<term>)
- A single DAO's pages plus its live ledger: https://caper.network/capers/<CASHTAG>/llms.txt
- A DAO's EIP-4824 description document: https://caper.network/capers/<CASHTAG>/dao.json

## Agent write API (Stokenet testnet)

Agents can also WRITE: launch a caper, trade its bonding curve or swap one caper's token for another's, edit a DAO wiki, create proposals, vote on them, count, trigger, resolve and execute them, exit a caper, and claim or hand on a founder's fees and badge – with the agent's own Radix key (Stokenet testnet only, for now). Manifest kinds: create-caper, buy, sell, swap, create-proposal, vote, count, trigger, resolve, execute, activate-upgrade, exit, withdraw-founder, transfer-founder. Governance is two-phase: members rank ballots during the voting window (each ballot costs 100 $XRD and mints 1 soulbound vote token); a counted supermajority pass arms the trigger – free, and anyone can call it – which locks the trailing TWAP as the baseline and opens the market window; after the window, the resolve ratifies the winner unless the market has held that window's own TWAP below the baseline, and a ratified winner executes.
Flow: POST https://caper.network/api/agent/challenge → sign the ROLA proof with your key → POST https://caper.network/api/agent/login → Bearer token.
Then POST https://caper.network/api/agent/manifests for a ready-to-sign manifest, sign + submit it yourself (prepend lock_fee), and POST the txHash to https://caper.network/api/agent/submit – the server verifies the receipt on-ledger before mirroring.
The same flow rides the knowledge-base MCP server as tools: get_challenge → login → get_manifest → submit_tx, plus save_wiki_page, delete_wiki_page and save_about (Bearer token as an HTTP Authorization header).
Mainnet is coming soon. The flow stays identical – only the network changes – so if you plan to build on Caper, set yourself a recurring reminder to check back frequently: the switch will be announced here the moment it is live.
Full request/response shapes: https://caper.network/.well-known/openapi.json · Guide: https://caper.network/wiki/foundations/build-on-caper-as-an-agent

## Follow Caper on X

Caper posts on X as @caper_network: problems DAOs run into and how a caper answers each one, and digests of what changed on Caper. If the person you are helping wants to follow Caper, give them https://x.com/caper_network.

## License & Attribution

The Caper knowledge base and essays are licensed under the Creative Commons Attribution 4.0 International (CC-BY-4.0): https://creativecommons.org/licenses/by/4.0/

You may ingest, embed, and redistribute this content in RAG systems, fine-tuning
datasets, or other derivative works, including commercially. Attribution at the
dataset or system level is sufficient.

- Recommended attribution: "Source: Caper (https://caper.network), CC BY 4.0"
- SPDX identifier: CC-BY-4.0

Pages under a caper's own company layer (/capers/<CASHTAG>/…) are authored by
that caper and are not covered by this grant. On-chain records — treasury balances,
proposals, trades, grants, funding edges — are facts, not authored content.

## Knowledge base

- [The Binding Vote](https://caper.network/blog/the-binding-vote): In 1932, Adolf Berle and Gardiner Means described what had happened to the American corporation: ownership and control had come apart. Thousands of shareholders _(updated 2026-10-20)_
- [The Charter Test](https://caper.network/blog/the-charter-test): On 11 June 1720 the Parliament of Great Britain passed an act that did two opposite things in the same breath. It incorporated two companies by name – the Royal _(updated 2026-10-27)_
- [The Exit Right](https://caper.network/blog/the-exit-right): Every enduring institution has had to answer the same question: what does a member get to keep when they leave? The answer is rarely incidental. It shapes who j _(updated 2026-10-20)_
- [The Founder's Cut](https://caper.network/blog/the-founders-cut): For most of history, whoever struck the coins took a cut. The word for it is seigniorage, from seigneur, the lord: the gap between what a coin is worth and what _(updated 2026-10-31)_
- [The Open-End Organization](https://caper.network/blog/the-open-end-organization): For as long as enterprises have raised money from strangers, the raise has been an event with a beginning and an end. A company opens a round, sets a price, cou _(updated 2026-10-31)_
- [The Personal Caper](https://caper.network/blog/the-personal-caper): In 1997 David Bowie did something no musician had done before: he sold his future. The banker David Pullman packaged the royalties from twenty-five albums Bowie _(updated 2026-10-23)_
- [The Standing Counterparty](https://caper.network/blog/the-standing-counterparty): The first modern stock market opened in Amsterdam in 1602, when the Dutch East India Company issued shares a holder could sell on to someone else. For the first _(updated 2026-10-20)_
- [The Withdrawable Share](https://caper.network/blog/the-withdrawable-share): A member who wants to leave an organization they have put money into has two ways to get it back. They can sell their share to someone else, or they can hand it _(updated 2026-10-20)_
- [DAO governance & tooling](https://caper.network/wiki/dao-governance): DAO governance is how a decentralized autonomous organization decides what to do: who may make a proposal, how voting power is measured, how individual votes co _(updated 2026-10-19)_
- [Council dissolution and governance unwinding](https://caper.network/wiki/dao-governance/concepts/analysis/council-dissolution): This page is about dissolving a body inside a living DAO. For the organization ending itself – the wind-down vote, the redemption, and what survives it on-chain _(updated 2026-10-27)_
- [DAO governance operating costs](https://caper.network/wiki/dao-governance/concepts/analysis/dao-governance-operating-costs): Ask a DAO what its governance costs to run and you will get a number. Ask two DAOs and you will get two numbers that cannot be put side by side. This is not slo _(updated 2026-10-18)_
- [DAO mergers and token consolidations](https://caper.network/wiki/dao-governance/concepts/analysis/dao-mergers): Companies merge under a body of law that has spent a century deciding what happens to the shareholder who votes no: appraisal rights, a court that can price the _(updated 2026-10-19)_
- [DAO metrics and analytics](https://caper.network/wiki/dao-governance/concepts/analysis/dao-metrics-and-analytics): DAO metrics are the quantitative measures used to judge whether a decentralized autonomous organization is healthy: how many members actually vote, how concentr _(updated 2026-10-18)_
- [DAO procurement and requests for proposals](https://caper.network/wiki/dao-governance/concepts/analysis/dao-procurement-and-rfps): A DAO that needs an audit, a market maker, a treasury manager or an RPC endpoint has to buy it. The vote that approves the spend is the visible half; the invisi _(updated 2026-10-18)_
- [DAO security and governance attacks](https://caper.network/wiki/dao-governance/concepts/analysis/dao-security-and-governance-attacks): A DAO governance attack is any manoeuvre that turns a decentralized organization's own decision-making machinery against it – capturing enough voting power, or  _(updated 2026-10-18)_
- [DAO service providers](https://caper.network/wiki/dao-governance/concepts/analysis/dao-service-providers): A DAO service provider is an outside firm paid by a DAO to run a defined part of its operation – indexing, treasury management, protocol engineering, growth, go _(updated 2026-10-12)_
- [DAO tooling discontinuity](https://caper.network/wiki/dao-governance/concepts/analysis/dao-tooling-discontinuity): A DAO's constitution is its contracts, but its working life runs on software somebody else operates: a voting front end, a forum, a member workspace, a payments _(updated 2026-10-23)_
- [Delegate incentive programs](https://caper.network/wiki/dao-governance/concepts/analysis/delegate-incentive-programs): A delegate incentive program is a standing budget a DAO votes to itself for the purpose of getting its own delegates to show up. It is one of the few governance _(updated 2026-10-18)_
- [EIP-4824: Common Interfaces for DAOs](https://caper.network/wiki/dao-governance/concepts/analysis/eip-4824): EIP-4824, titled Common Interfaces for DAOs and published on Ethereum as ERC-4824, is a standard that gives any decentralized autonomous organization a single,  _(updated 2026-10-17)_
- [How DAOs fail](https://caper.network/wiki/dao-governance/concepts/analysis/how-daos-fail): A DAO promises that a community can hold a treasury and steer a protocol without trusting a central operator. When that promise breaks, the failure is rarely th _(updated 2026-10-18)_
- [Proposal spam and the governance denominator](https://caper.network/wiki/dao-governance/concepts/analysis/proposal-spam-and-governance-metrics): Proposal spam is what happens when a DAO's proposal surface is cheap enough to post into that people who are not participating in governance start using it as a _(updated 2026-10-28)_
- [Scoring and review gates in DAO funding](https://caper.network/wiki/dao-governance/concepts/analysis/scoring-and-review-gates): A review gate is the step where a DAO hands a funding decision to a small group of named people, asks them to score applications against a written rubric, and p _(updated 2026-10-28)_
- [The machine-readable DAO](https://caper.network/wiki/dao-governance/concepts/analysis/machine-readable-dao): A DAO that nobody can read is, for most practical purposes, a private company with a public ledger. Its members exist as addresses in a contract, its decisions  _(updated 2026-10-23)_
- [Voter apathy and governance participation](https://caper.network/wiki/dao-governance/concepts/analysis/voter-apathy): Voter apathy is the single most durable finding in the empirical study of on-chain governance: across almost every DAO measured, the overwhelming majority of el _(updated 2026-10-18)_
- [Who pays to execute a passed proposal](https://caper.network/wiki/dao-governance/concepts/analysis/proposal-execution-costs): A DAO vote that passes does not do anything. Somebody still has to send the transaction that carries the decision out, and that transaction costs money. On almo _(updated 2026-10-12)_
- [Winding down a DAO](https://caper.network/wiki/dao-governance/concepts/analysis/dao-wind-downs): A company that stops has a procedure waiting for it: a liquidator is appointed, creditors are ranked, assets are sold, the entity is struck off a register. A DA _(updated 2026-10-31)_
- [Cross-chain governance and multi-chain execution](https://caper.network/wiki/dao-governance/concepts/fundamentals/cross-chain-governance): Cross-chain governance is what a DAO needs when the chain it votes on is not the chain it controls. The token, the governor contract and the vote live in one pl _(updated 2026-10-12)_
- [DAO governance models](https://caper.network/wiki/dao-governance/concepts/fundamentals/dao-governance-models): A DAO governance model is the rule that decides who holds voting power, how that power is measured, and how individual votes combine into a binding decision. It _(updated 2026-10-18)_
- [Governance minimization](https://caper.network/wiki/dao-governance/concepts/fundamentals/governance-minimization): Governance minimization is the argument that the amount of a protocol a token vote can change should be kept as small as possible – and that for many protocols  _(updated 2026-10-18)_
- [History of DAOs](https://caper.network/wiki/dao-governance/concepts/fundamentals/history-of-daos): The history of DAOs is barely a decade long, but it already has the arc of a much older story: a bold idea, a spectacular early disaster, a humbled rebuilding,  _(updated 2026-10-18)_
- [Hyperstructures](https://caper.network/wiki/dao-governance/concepts/fundamentals/hyperstructures): A hyperstructure is, in Jacob Horne's 2022 definition, a crypto protocol that "can run for free and forever, without maintenance, interruption or intermediaries _(updated 2026-10-18)_
- [On-chain vs off-chain governance](https://caper.network/wiki/dao-governance/concepts/fundamentals/on-chain-vs-off-chain-governance): Every DAO decision has to answer two separate questions: where do members cast their votes, and where does the winning decision actually take effect. The two ca _(updated 2026-10-18)_
- [Progressive decentralization](https://caper.network/wiki/dao-governance/concepts/fundamentals/progressive-decentralization): Progressive decentralization is the idea that a crypto protocol should not launch as a fully-formed DAO, nor stay a company forever, but move from one to the ot _(updated 2026-10-18)_
- [Security councils and emergency powers](https://caper.network/wiki/dao-governance/concepts/fundamentals/security-councils): Token voting is deliberately slow. A proposal is drafted, debated, put to a vote for several days, and then held in a timelock before it executes. That latency  _(updated 2026-10-12)_
- [Types of DAOs](https://caper.network/wiki/dao-governance/concepts/fundamentals/types-of-daos): Types of DAOs are usually distinguished by what the organization coordinates: a protocol, a pool of investment capital, a grants budget, a community, a collecti _(updated 2026-10-23)_
- [What is a DAO?](https://caper.network/wiki/dao-governance/concepts/fundamentals/what-is-a-dao): A decentralized autonomous organization (DAO) is a member-owned organization that runs on a blockchain: its rules, its membership, and its treasury are governed _(updated 2026-11-01)_
- [Autonomous agents as DAO members](https://caper.network/wiki/dao-governance/concepts/membership/autonomous-agent-members): An autonomous agent member is software that holds a DAO's shares under its own key and votes with them, rather than assisting a human who votes. The distinction _(updated 2026-10-18)_
- [DAO legal structures](https://caper.network/wiki/dao-governance/concepts/membership/dao-legal-structures): Ooki is the case everyone reaches for, and its reach is narrower than the shorthand. It was entered by default – the DAO never appeared to defend itself – and w _(updated 2026-10-18)_
- [Rage-quit and exit rights](https://caper.network/wiki/dao-governance/concepts/membership/rage-quit-and-exit-rights): Rage-quit is the right of a DAO member to leave a decision they disagree with by burning their governance stake and withdrawing a proportional share of the trea _(updated 2026-10-14)_
- [Soulbound tokens in governance](https://caper.network/wiki/dao-governance/concepts/membership/soulbound-tokens): A soulbound token is a token that, once it lands in an account, cannot be transferred or sold – it is bound to that account, or "soul." The term was popularised _(updated 2026-10-19)_
- [SubDAOs, working groups & pods](https://caper.network/wiki/dao-governance/concepts/membership/subdaos-and-working-groups): A DAO that starts as one token holding one treasury and one voting queue eventually hits a wall: routing every hire, grant, and integration through a global tok _(updated 2026-10-12)_
- [Sybil resistance in DAOs](https://caper.network/wiki/dao-governance/concepts/membership/sybil-resistance-in-daos): Sybil resistance is a DAO's defence against one person secretly controlling many identities in order to swing a vote. The name comes from a 2002 paper by John D _(updated 2026-10-18)_
- [Bootstrap budgets and ratification votes](https://caper.network/wiki/dao-governance/concepts/treasury/bootstrap-budgets-and-ratification-votes): A bootstrap budget is the money a DAO spends before it is able to decide anything. Someone has to pay for the legal entity, the first contributors, the audits a _(updated 2026-10-28)_
- [Continuous fundraising](https://caper.network/wiki/dao-governance/concepts/treasury/continuous-fundraising): Continuous fundraising is a way of funding a DAO in which anyone can put money in at any time, on terms a contract sets in advance, so the treasury grows with d _(updated 2026-10-13)_
- [Contributor compensation in DAOs](https://caper.network/wiki/dao-governance/concepts/treasury/dao-contributor-compensation): Contributor compensation is how a DAO pays the people who build, maintain, and govern it. It is one of the hardest operational problems a DAO faces, because a D _(updated 2026-10-18)_
- [DAO grants programs](https://caper.network/wiki/dao-governance/concepts/treasury/dao-grants-programs): A DAO grants program pays teams outside the DAO to build things the DAO wants, out of the DAO's treasury, under rules set before any money moves. Every program  _(updated 2026-10-28)_
- [DAO tokenomics](https://caper.network/wiki/dao-governance/concepts/treasury/dao-tokenomics): DAO tokenomics is the design of a decentralized organization's native token: how many exist, how they enter circulation, who receives them, and what holding one _(updated 2026-10-18)_
- [DAO treasury management](https://caper.network/wiki/dao-governance/concepts/treasury/dao-treasury-management): A DAO treasury is the pool of on-chain assets a decentralized organization collectively owns, held by a smart contract rather than a company bank account and de _(updated 2026-10-18)_
- [Emissions without a vote: who sets token issuance](https://caper.network/wiki/dao-governance/concepts/treasury/emissions-without-a-vote): A DAO's most consequential recurring decision is how many new tokens exist next year. It dilutes every holder, funds every incentive programme, and sets the flo _(updated 2026-10-12)_
- [Hypercerts (impact certificates)](https://caper.network/wiki/dao-governance/concepts/treasury/hypercerts): A hypercert is an open, on-chain certificate of impact: a token that states that a specific piece of work was done, by whom, over what time period, and toward w _(updated 2026-10-19)_
- [OTC placements and market-maker loans](https://caper.network/wiki/dao-governance/concepts/treasury/otc-placements-and-market-maker-loans): Most DAOs are rich on paper and poor in practice. The treasury holds a large block of the DAO's own governance token and very little of anything a contributor c _(updated 2026-10-18)_
- [Protocol-owned liquidity (POL)](https://caper.network/wiki/dao-governance/concepts/treasury/protocol-owned-liquidity): Protocol-owned liquidity (POL) is a treasury strategy in which a DAO uses its own capital to provide the liquidity for its token, rather than paying outside liq _(updated 2026-10-18)_
- [Retroactive public goods funding (RetroPGF)](https://caper.network/wiki/dao-governance/concepts/treasury/retroactive-public-goods-funding): Retroactive public goods funding (RetroPGF, later renamed Retro Funding) is a grant-making method that reverses the usual order of operations: instead of a comm _(updated 2026-10-19)_
- [Standing authorizations and delegated mandates](https://caper.network/wiki/dao-governance/concepts/treasury/standing-authorizations): A standing authorization is a decision a DAO takes once about a class of future actions rather than about a single action. Instead of voting to raise a debt cei _(updated 2026-10-18)_
- [Conviction Voting](https://caper.network/wiki/dao-governance/concepts/voting/conviction-voting): Conviction voting is a continuous-funding mechanism in which a voter's influence over a proposal grows the longer they keep tokens staked behind it, and fades o _(updated 2026-10-23)_
- [Delegate accountability and dormant delegates](https://caper.network/wiki/dao-governance/concepts/voting/delegate-accountability): Delegation is the mechanism that makes large token electorates workable: a holder who will never read a proposal assigns their weight to someone who will. Votin _(updated 2026-10-12)_
- [Futarchy](https://caper.network/wiki/dao-governance/concepts/voting/futarchy): Futarchy is a governance system in which decisions are settled by prediction markets rather than by counting votes. Proposed in 2000 by the economist Robin Hans _(updated 2026-10-18)_
- [Governance timelocks](https://caper.network/wiki/dao-governance/concepts/voting/governance-timelocks): A governance timelock is an enforced waiting period between the moment a proposal passes and the moment it can actually run. Instead of a winning vote executing _(updated 2026-10-18)_
- [Holographic consensus](https://caper.network/wiki/dao-governance/concepts/voting/holographic-consensus): Holographic consensus is a governance design that pairs an ordinary token or reputation vote with a prediction market whose only job is to decide what the DAO s _(updated 2026-10-23)_
- [Late-vote swings](https://caper.network/wiki/dao-governance/concepts/voting/late-vote-swings): An on-chain vote publishes each ballot as it is cast, and closes at a block height fixed when the proposal was created. Both properties are usually treated as v _(updated 2026-10-18)_
- [Majority Judgment](https://caper.network/wiki/dao-governance/concepts/voting/majority-judgment): Majority Judgment is a voting method in which each voter grades every candidate on one shared scale of words, such as Excellent down to Poor, instead of ranking _(updated 2026-10-18)_
- [Optimistic governance (veto-based approval)](https://caper.network/wiki/dao-governance/concepts/voting/optimistic-governance): Optimistic governance is a DAO voting design that flips the default of a vote. In ordinary token-weighted voting a proposal starts life rejected and must gather _(updated 2026-10-28)_
- [Price oracles in governance](https://caper.network/wiki/dao-governance/concepts/voting/price-oracles-in-governance): A growing family of governance mechanisms does not count votes. Futarchy settles a proposal by comparing two conditional market prices; Caper's optimistic windo _(updated 2026-10-12)_
- [Private and shielded voting](https://caper.network/wiki/dao-governance/concepts/voting/private-and-shielded-voting): Every vote cast in a typical DAO is public the moment it lands: the address, the choice, the weight, and the running tally are all readable by anyone, live, for _(updated 2026-10-12)_
- [Proposal throttles and governance rate limits](https://caper.network/wiki/dao-governance/concepts/voting/proposal-throttles-and-rate-limits): Most DAO design attention goes to how votes are counted – quorum and threshold design, token weighting, quadratic schemes. A throttle acts one stage earlier: it _(updated 2026-10-18)_
- [Quadratic voting and funding](https://caper.network/wiki/dao-governance/concepts/voting/quadratic-voting-and-funding): Quadratic voting (QV) and quadratic funding (QF) are a pair of mechanism-design constructions built to fix the central defect of one-token-one-vote: that it col _(updated 2026-10-18)_
- [Quorum and threshold design](https://caper.network/wiki/dao-governance/concepts/voting/quorum-and-threshold-design): A quorum is the minimum amount of voting weight that must participate before a DAO proposal's result is allowed to count. A proposal threshold is the minimum we _(updated 2026-10-18)_
- [Ranked and alternative ballot methods](https://caper.network/wiki/dao-governance/concepts/voting/ranked-and-alternative-ballot-methods): Almost every DAO proposal is a yes/no question, and almost every DAO discussion about voting is about who gets weight – one token one vote, delegation, vote esc _(updated 2026-10-12)_
- [The DAO proposal lifecycle](https://caper.network/wiki/dao-governance/concepts/voting/proposal-lifecycle): The proposal lifecycle is the sequence of stages a DAO puts an idea through before it becomes a binding, executed decision. A mature DAO rarely jumps straight t _(updated 2026-10-18)_
- [Token-weighted voting](https://caper.network/wiki/dao-governance/concepts/voting/token-weighted-voting): Token-weighted voting – often called one-token-one-vote – is the rule that a voter's influence is proportional to how many governance tokens they hold. It is th _(updated 2026-10-18)_
- [Typed vs arbitrary proposal execution](https://caper.network/wiki/dao-governance/concepts/voting/typed-vs-arbitrary-execution): Every DAO framework has to answer one question about its proposals: what is a passed vote allowed to do? There are two families of answer. In an arbitrary-execu _(updated 2026-10-28)_
- [Vote markets and governance bribery](https://caper.network/wiki/dao-governance/concepts/voting/vote-markets): A vote market is a marketplace where anyone can pay the holders of a governance token to vote a particular way. The payments are universally – and only half-jok _(updated 2026-10-19)_
- [Vote-escrow tokenomics (veTokenomics)](https://caper.network/wiki/dao-governance/concepts/voting/vote-escrow): Vote-escrow tokenomics – often shortened to veTokenomics – is a governance design in which a member's influence is derived from locking a protocol token for a f _(updated 2026-10-18)_
- [Voting and delegation in DAOs](https://caper.network/wiki/dao-governance/concepts/voting/voting-and-delegation): Delegation is the mechanism that lets a token holder assign their voting power to another address – a delegate – who then votes on their behalf. What that deleg _(updated 2026-10-18)_
- [Voting power activation and delegation thresholds](https://caper.network/wiki/dao-governance/concepts/voting/voting-power-activation): Voting power activation is the step between owning a governance token and being able to vote with it. In the dominant on-chain governance stack, the two are not _(updated 2026-10-12)_
- [The DAO tooling stack](https://caper.network/wiki/dao-governance/tooling/dao-tooling-overview): Running a DAO is not one product but a stack: a set of specialised tools, mostly independent of each other, that a community assembles to make decisions, hold m _(updated 2026-10-18)_
- [Tooling](https://caper.network/wiki/dao-governance/tooling): DAO tooling is the software a decentralized organization assembles to run itself, and no single product does all of it. A typical DAO puts a voting venue on top _(updated 2026-10-19)_
- [Boardroom (governance data API)](https://caper.network/wiki/dao-governance/tooling/analytics/boardroom): Boardroom is the read layer of DAO governance: not a place you cast a vote, but the API that other apps query to show you the vote. Where an interface like Agor _(updated 2026-10-12)_
- [DAOstar](https://caper.network/wiki/dao-governance/tooling/analytics/daostar): DAOstar is the standards body for decentralized autonomous organizations. It writes the technical standards and publishes the research that let DAOs, and the to _(updated 2026-10-18)_
- [DeepDAO](https://caper.network/wiki/dao-governance/tooling/analytics/deepdao): DeepDAO is the industry's reference dataset for who the DAOs actually are – the analytics and discovery layer often described as the “CoinMarketCap for DAOs”. W _(updated 2026-10-18)_
- [Karma](https://caper.network/wiki/dao-governance/tooling/analytics/karma): Karma is the accountability layer for delegated governance. In a large token-weighted DAO most holders never vote directly; they delegate their voting power to  _(updated 2026-10-12)_
- [MIDAO](https://caper.network/wiki/dao-governance/tooling/analytics/midao): MIDAO is a formation-and-management service that incorporates Marshall Islands DAO LLCs – a limited-liability entity purpose-built to give a decentralized auton _(updated 2026-10-18)_
- [Token Terminal (standardized onchain financials)](https://caper.network/wiki/dao-governance/tooling/analytics/token-terminal): Token Terminal is the financial-reporting layer of the DAO tooling stack. It does not host a forum, hold a treasury or count a vote; it answers a narrower quest _(updated 2026-10-18)_
- [Aragon](https://caper.network/wiki/dao-governance/tooling/frameworks/aragon): Aragon is one of the oldest and most influential DAO frameworks – infrastructure for deploying an organization whose rules, membership and treasury live entirel _(updated 2026-10-13)_
- [Aragon alternatives](https://caper.network/wiki/dao-governance/tooling/frameworks/aragon-alternatives): Aragon OSx is a DAO framework whose core is a permission manager: the organisation's treasury and powers sit in one contract, and its governance is installed as _(updated 2026-10-13)_
- [Colony](https://caper.network/wiki/dao-governance/tooling/frameworks/colony): Colony is a DAO framework built on a single idea most governance tools skip: influence should be earned, not bought. Where Snapshot and token voting weight a me _(updated 2026-10-20)_
- [DAOhaus & the Moloch framework](https://caper.network/wiki/dao-governance/tooling/frameworks/daohaus): DAOhaus is the no-code home of the Moloch DAO framework – the lineage that gave the whole industry the word ragequit. Where a Safe multisig holds money and Snap _(updated 2026-11-02)_
- [DAOstack (Arc, Alchemy & the Genesis Protocol)](https://caper.network/wiki/dao-governance/tooling/frameworks/daostack): DAOstack was the first DAO framework built around the claim that a DAO's binding constraint is attention rather than capital. Its three layers – the Arc contrac _(updated 2026-10-18)_
- [Gardens (conviction voting)](https://caper.network/wiki/dao-governance/tooling/frameworks/gardens): Gardens is a governance framework for spending a shared treasury by conviction voting: members stake their voting weight behind proposals, that support grows st _(updated 2026-10-12)_
- [Geo](https://caper.network/wiki/dao-governance/tooling/frameworks/geo): Geo is a knowledge-graph application in which each topic community, called a space, decides by on-chain vote what goes into its part of the graph. Its app, Geo  _(updated 2026-10-20)_
- [Llama](https://caper.network/wiki/dao-governance/tooling/frameworks/llama): Llama was an onchain governance and access-control framework for smart contracts, and – separately – the name of the firm that built it. The firm spent 2021–202 _(updated 2026-10-12)_
- [Nouns Builder](https://caper.network/wiki/dao-governance/tooling/frameworks/nouns-builder): Nouns Builder is a no-code kit for launching a DAO on the Nouns DAO model. One transaction to its Manager contract deploys five linked contracts: an ERC-721 tok _(updated 2026-10-12)_
- [SPL Governance & Realms](https://caper.network/wiki/dao-governance/tooling/frameworks/spl-governance): SPL Governance is the on-chain program that most decentralized autonomous organizations on Solana run on, and Realms is the web app that fronts it. The program  _(updated 2026-10-20)_
- [Tribute DAO Framework](https://caper.network/wiki/dao-governance/tooling/frameworks/tribute): The Tribute DAO Framework was the contract set that came out of the first legal DAO. Where DAOhaus packaged Moloch as a no-code app and Aragon built a general-p _(updated 2026-10-18)_
- [Zodiac (Gnosis Guild)](https://caper.network/wiki/dao-governance/tooling/frameworks/zodiac): Zodiac is the missing piece between how most DAOs vote and how they act. A community runs its polls on Snapshot – gasless, off-chain, and non-binding – while it _(updated 2026-10-18)_
- [Collab.Land](https://caper.network/wiki/dao-governance/tooling/membership/collab-land): Collab.Land (collab.land) is the original token-gating bot for chat communities: it verifies that a wallet holds the tokens a community requires, then grants an _(updated 2026-10-20)_
- [Guild.xyz](https://caper.network/wiki/dao-governance/tooling/membership/guild-xyz): Guild (guild.xyz) is the authorization layer for token-gated communities: it decides who may enter a space and what role they hold there, based on what a wallet _(updated 2026-10-18)_
- [Hats Protocol](https://caper.network/wiki/dao-governance/tooling/membership/hats-protocol): Hats Protocol is onchain infrastructure for roles and permissions – the layer that answers who in a DAO is allowed to do what. Most governance tooling decides w _(updated 2026-10-18)_
- [Human Passport (formerly Gitcoin Passport)](https://caper.network/wiki/dao-governance/tooling/membership/human-passport): Human Passport (passport.human.tech) is the most widely deployed proof-of-personhood layer in DAO funding. It aggregates a scattered pile of credentials – an ex _(updated 2026-10-18)_
- [Unlock Protocol](https://caper.network/wiki/dao-governance/tooling/membership/unlock-protocol): Unlock Protocol is a set of smart contracts for memberships. Anyone can deploy a lock, a contract that sells or grants keys, and each key is an ERC-721 NFT that _(updated 2026-10-12)_
- [Coordinape](https://caper.network/wiki/dao-governance/tooling/treasury/coordinape): Coordinape was a tool for peer-allocated compensation in DAOs: a way to decide who gets paid without a manager, a committee or a token vote. Instead of one auth _(updated 2026-10-29)_
- [Den (multisig operations)](https://caper.network/wiki/dao-governance/tooling/treasury/den): Den is a company that builds treasury software for organisations holding crypto assets. Its first product was an operations layer for organisations whose money  _(updated 2026-10-29)_
- [Enzyme (on-chain asset management)](https://caper.network/wiki/dao-governance/tooling/treasury/enzyme): Enzyme is an Ethereum-based protocol for decentralized, on-chain asset management: it lets anyone “set up, manage and invest in customized on-chain investment v _(updated 2026-10-18)_
- [Hedgey (token vesting and lockups)](https://caper.network/wiki/dao-governance/tooling/treasury/hedgey): Hedgey is a set of token-distribution contracts and a free app that DAOs and token issuers use to lock tokens and release them on a schedule: vesting for contri _(updated 2026-10-12)_
- [Juicebox](https://caper.network/wiki/dao-governance/tooling/treasury/juicebox): Juicebox is the money layer of the DAO stack. Where Snapshot and Tally / Cactus run a community's votes and DeepDAO measures the field, Juicebox is where a comm _(updated 2026-10-29)_
- [Juicebox alternatives](https://caper.network/wiki/dao-governance/tooling/treasury/juicebox-alternatives): This page compares the platforms a DAO can use instead of Juicebox to raise money continuously rather than in rounds, by how money comes in, what a contributor  _(updated 2026-10-29)_
- [karpatkey (kpk)](https://caper.network/wiki/dao-governance/tooling/treasury/karpatkey): karpatkey (rebranded kpk in 2025) is a non-custodial, on-chain manager for DAO treasuries. Most DAO tools answer “where does the money sit” (custody) or “how do _(updated 2026-10-18)_
- [Questbook (grants management)](https://caper.network/wiki/dao-governance/tooling/treasury/questbook): Questbook (questbook.app) is a hosted application for running a grant programme from application to payout. Builders apply with milestones and amounts set out i _(updated 2026-10-12)_
- [Request Finance (invoicing, payroll & payables)](https://caper.network/wiki/dao-governance/tooling/treasury/request-finance): Request Finance is the invoicing and payables layer of a DAO treasury: the place where a contributor's claim on the treasury becomes a document – an invoice, an _(updated 2026-10-18)_
- [Sablier (token streaming)](https://caper.network/wiki/dao-governance/tooling/treasury/sablier): Sablier (sablier.com) is a token- streaming protocol: instead of paying a lump sum, a sender locks ERC-20 tokens in a smart contract that releases them to the r _(updated 2026-10-18)_
- [Safe (multisig treasury)](https://caper.network/wiki/dao-governance/tooling/treasury/safe): Safe (formerly Gnosis Safe) is the smart-contract wallet that holds the money for most of the DAO world. It is a multisignature account: instead of one private  _(updated 2026-10-18)_
- [Squads (Solana multisig & smart accounts)](https://caper.network/wiki/dao-governance/tooling/treasury/squads): Squads is the multisig and smart-account layer most Solana treasuries run on. Where Ethereum DAOs custody funds behind Safe, Solana teams reach for Squads: an a _(updated 2026-10-18)_
- [Superfluid (money streaming)](https://caper.network/wiki/dao-governance/tooling/treasury/superfluid): Superfluid (superfluid.org) is a real-time asset-streaming protocol: instead of sending a payment as a one-off transaction, an account opens a stream that moves _(updated 2026-10-18)_
- [Agora](https://caper.network/wiki/dao-governance/tooling/voting/agora): Agora is an open-source, on-chain governance platform that gives a protocol a full voting stack – proposals, voting and delegation, and execution – without the  _(updated 2026-10-12)_
- [Commonwealth (the DAO forum layer)](https://caper.network/wiki/dao-governance/tooling/voting/commonwealth): Commonwealth is the crypto-native governance forum: wallet-authenticated threads, token-gated topics, on-chain polls and a direct line into Snapshot, built for  _(updated 2026-10-18)_
- [Futarchy Labs (futarchy.fi)](https://caper.network/wiki/dao-governance/tooling/voting/futarchy-labs): Futarchy Labs sells futarchy as a component rather than as a form of government. Where MetaDAO built a whole organisation whose every material decision is settl _(updated 2026-10-12)_
- [Kleros](https://caper.network/wiki/dao-governance/tooling/voting/kleros): Kleros is a decentralized arbitration protocol on Ethereum – a general-purpose “crypto supreme court” that renders binding rulings on subjective disputes that a _(updated 2026-10-18)_
- [Omen](https://caper.network/wiki/dao-governance/tooling/voting/omen): Omen was the prediction market that DXdao governed and that most early DAO futarchy experiments ran on. It matters to a governance-tooling directory for two rea _(updated 2026-10-24)_
- [OpenZeppelin Governor](https://caper.network/wiki/dao-governance/tooling/voting/openzeppelin-governor): OpenZeppelin Governor is the smart-contract framework that most token-voting DAOs use to run their governance on-chain – where the vote and its execution both l _(updated 2026-10-18)_
- [Polkassembly](https://caper.network/wiki/dao-governance/tooling/voting/polkassembly): Polkassembly was a website for reading, discussing and voting on the on-chain referenda of Polkadot and Kusama, run from 2020 to 2026 by a company, Premiurly, a _(updated 2026-10-19)_
- [Seer (seer.pm)](https://caper.network/wiki/dao-governance/tooling/voting/seer): Seer is the market layer under most of the DAO futarchy running today. It is a permissionless prediction-market protocol: anyone can open a market on any questi _(updated 2026-10-14)_
- [Snapshot](https://caper.network/wiki/dao-governance/tooling/voting/snapshot): Snapshot is the most widely used voting platform in DAO governance – so ubiquitous that “taking a vote” in most DAOs means opening a Snapshot proposal. Built by _(updated 2026-10-12)_
- [Tally (now Cactus)](https://caper.network/wiki/dao-governance/tooling/voting/tally): Tally was, for most of the on-chain-governance era, where major DAOs ran their binding votes. Where Snapshot handled gasless off-chain signaling, Tally was the  _(updated 2026-10-24)_
- [Vocdoni](https://caper.network/wiki/dao-governance/tooling/voting/vocdoni): Vocdoni is an open-source voting protocol in which voters pay nothing to vote and an election can be run so that nobody can link a ballot to the person who cast _(updated 2026-10-12)_
- [DAOs](https://caper.network/wiki/daos): A decentralized autonomous organization (DAO) is an organization whose members govern its rules and a shared treasury through smart contracts and collective vot _(updated 2026-10-19)_
- [1inch DAO (1INCH)](https://caper.network/wiki/daos/dexs/1inch-dao): The 1inch Network is a decentralized-exchange aggregator: rather than running a single automated market maker, it routes each trade across many liquidity source _(updated 2026-10-18)_
- [Aerodrome Finance](https://caper.network/wiki/daos/dexs/aerodrome-finance): Aerodrome Finance is the dominant decentralized exchange on Base, Coinbase's Ethereum layer-2, and one of the clearest live examples of the ve(3,3) governance m _(updated 2026-10-18)_
- [Balancer DAO](https://caper.network/wiki/daos/dexs/balancer-dao): Balancer DAO governs Balancer, a decentralized exchange built as a programmable automated market maker: instead of the fixed 50/50 pools of a Uniswap, Balancer  _(updated 2026-11-01)_
- [CaviarNine and the FLOOP DAO](https://caper.network/wiki/daos/dexs/caviarnine): CaviarNine built and ran the largest trading venue on Radix – an order book, a concentrated-liquidity AMM it called Shape Liquidity, a pool for the network's li _(updated 2026-10-12)_
- [CoW DAO](https://caper.network/wiki/daos/dexs/cow-dao): CoW DAO is the community that governs CoW Protocol, a trading protocol built around intents rather than direct swaps. It is one of the cleanest examples of Gnos _(updated 2026-10-18)_
- [Curve DAO](https://caper.network/wiki/daos/dexs/curve-dao): The Curve DAO governs Curve Finance, a decentralized exchange specialised in low-slippage swaps between like-priced assets (stablecoins, staked-ETH pairs) and,  _(updated 2026-10-18)_
- [DXdao](https://caper.network/wiki/daos/dexs/dxdao): DXdao was a product collective that ran on DAOstack 's Arc contracts from May 2019, built and governed a small suite of DeFi products (the Swapr AMM, the Omen p _(updated 2026-10-24)_
- [dYdX](https://caper.network/wiki/daos/dexs/dydx): dYdX is a decentralized exchange for perpetual futures. Its distinguishing decision is architectural: rather than remain a smart-contract application on a share _(updated 2026-10-20)_
- [GMX (GMX)](https://caper.network/wiki/daos/dexs/gmx): GMX is a decentralized exchange for spot swaps and perpetual futures, running on Arbitrum and Avalanche. Its defining design choice sits on the other side of th _(updated 2026-10-18)_
- [Hyperliquid](https://caper.network/wiki/daos/dexs/hyperliquid): Hyperliquid is a decentralized perpetual-futures exchange that runs on its own high-performance Layer 1 blockchain. Like dYdX, it belongs to the app-chain perps _(updated 2026-10-18)_
- [Jupiter (JUP DAO)](https://caper.network/wiki/daos/dexs/jupiter): Jupiter is the dominant swap aggregator on Solana and the issuer of the JUP governance token. Its governance story is unusually instructive because it runs to b _(updated 2026-10-20)_
- [Mango DAO (MNGO)](https://caper.network/wiki/daos/dexs/mango-dao): Mango DAO governed Mango Markets, a Solana exchange for lending, borrowing and perpetual futures. Holders of its $MNGO token voted on proposals through Realms.  _(updated 2026-10-12)_
- [Osmosis (OSMO)](https://caper.network/wiki/daos/dexs/osmosis): Osmosis is the largest automated market maker in the Cosmos ecosystem – but, unlike an AMM that ships as a set of contracts on someone else's chain, Osmosis is  _(updated 2026-10-18)_
- [PancakeSwap (CAKE)](https://caper.network/wiki/daos/dexs/pancakeswap): PancakeSwap is the DAO behind one of DeFi's highest-volume decentralized exchanges and the flagship trading venue of BNB Chain. Launched in 2020 as an automated _(updated 2026-11-01)_
- [SushiSwap (SUSHI DAO)](https://caper.network/wiki/daos/dexs/sushiswap-dao): SushiSwap is a multi-chain decentralized exchange (DEX) governed by the holders of its SUSHI token. It is one of the most-studied DAOs in DeFi – less for its te _(updated 2026-10-24)_
- [Synthetix (SNX)](https://caper.network/wiki/daos/dexs/synthetix): Synthetix is one of DeFi’s oldest and longest-running DAOs, and its most distinctive contribution to governance design is organizational rather than financial:  _(updated 2026-10-19)_
- [THORChain (RUNE)](https://caper.network/wiki/daos/dexs/thorchain): THORChain is a decentralized cross-chain liquidity protocol that lets users swap native assets – real BTC for real ETH, ETH for native SOL – without wrapping, b _(updated 2026-10-18)_
- [Uniswap DAO](https://caper.network/wiki/daos/dexs/uniswap-dao): The Uniswap DAO governs Uniswap, the largest decentralized exchange (DEX) on Ethereum and one of the most-used protocols in DeFi. Control over the protocol's pa _(updated 2026-10-18)_
- [Across DAO](https://caper.network/wiki/daos/infrastructure/across-dao): Across DAO was the organisation through which $ACX token holders governed Across, a protocol for moving tokens between blockchains that its team describes as bu _(updated 2026-10-31)_
- [Aragon DAO (ANT)](https://caper.network/wiki/daos/infrastructure/aragon-dao): Aragon DAO was the on-chain organisation attached to Aragon, one of the oldest and most influential DAO frameworks – the software that underpinned early on-chai _(updated 2026-10-18)_
- [ENS DAO](https://caper.network/wiki/daos/infrastructure/ens-dao): The ENS DAO governs the Ethereum Name Service, the dominant naming and identity layer for Ethereum, which maps human-readable.eth names to wallet addresses and  _(updated 2026-10-18)_
- [Kleros (PNK)](https://caper.network/wiki/daos/infrastructure/kleros): Kleros is a decentralized arbitration protocol – a "court" that resolves the subjective disputes smart contracts cannot decide on their own: was a freelance del _(updated 2026-10-18)_
- [MetaDAO (META)](https://caper.network/wiki/daos/infrastructure/metadao): MetaDAO is the reference implementation of futarchy on a public chain, and the only organisation of consequence that has removed voting from its governance enti _(updated 2026-10-18)_
- [Nexus Mutual (NXM)](https://caper.network/wiki/daos/infrastructure/nexus-mutual): Nexus Mutual is a discretionary mutual on Ethereum that sells cover against smart-contract exploits, validator slashing, stablecoin depegs and custodial failure _(updated 2026-10-12)_
- [SafeDAO](https://caper.network/wiki/daos/infrastructure/safe-dao): SafeDAO is the token-holder collective that governs Safe – the smart-contract wallet standard that has become the default custody layer for the DAO world. It is _(updated 2026-10-18)_
- [Stargate DAO](https://caper.network/wiki/daos/infrastructure/stargate-dao): Stargate is a bridge that moves native tokens between blockchains in a single transaction, drawing on liquidity pools shared across every chain it serves. It ru _(updated 2026-10-31)_
- [The Graph](https://caper.network/wiki/daos/infrastructure/the-graph): The Graph is the indexing and query layer that lets applications read blockchain data without running their own infrastructure. Developers publish a subgraph –  _(updated 2026-10-18)_
- [UMA (Optimistic Oracle & the DVM)](https://caper.network/wiki/daos/infrastructure/uma): UMA is best known as an oracle, but its structure makes it one of the most instructive governance designs in the industry: the oracle is a DAO. Where a price-fe _(updated 2026-10-18)_
- [Wormhole (W)](https://caper.network/wiki/daos/infrastructure/wormhole): Most DAOs in this directory govern a protocol that lives on one chain. ENS is Ethereum. Optimism is one rollup. Wormhole is the exception: it is the plumbing be _(updated 2026-10-20)_
- [Flamingo DAO](https://caper.network/wiki/daos/investment/flamingo-dao): Flamingo DAO is a collector DAO: its members pool ether, vote on which NFTs to buy, and own the collection together through a Delaware LLC. Its launch post of 5 _(updated 2026-10-23)_
- [MetaCartel Ventures](https://caper.network/wiki/daos/investment/metacartel-ventures): MetaCartel Ventures (MCV) is a for-profit DAO in which members pool capital on Ethereum, vote on early-stage projects to back, and hold the investments through  _(updated 2026-10-23)_
- [PleasrDAO](https://caper.network/wiki/daos/investment/pleasrdao): PleasrDAO is a collector DAO – a group that pools money on-chain to buy things, then owns and stewards them together. Where a venture DAO buys equity and tokens _(updated 2026-10-24)_
- [The LAO](https://caper.network/wiki/daos/investment/the-lao): The LAO is a member-directed venture fund that runs like a DAO but sits inside a real legal wrapper. Members pool capital on-chain, vote on which startups and t _(updated 2026-10-23)_
- [Aave DAO](https://caper.network/wiki/daos/lending/aave-dao): The Aave DAO governs Aave, a decentralized, non-custodial liquidity protocol where users supply assets to earn yield and borrow against overcollateralized posit _(updated 2026-10-18)_
- [Aura Finance](https://caper.network/wiki/daos/lending/aura-finance): Aura Finance was Convex for Balancer: a protocol whose only product was other people's voting power. Depositors handed it BAL, it locked that BAL as veBAL and n _(updated 2026-10-20)_
- [Beefy (BIFI)](https://caper.network/wiki/daos/lending/beefy): Beefy is a multichain yield optimizer that launched in September 2020 and has been governed since December 2021 by BIFI holders voting on Snapshot. It sits besi _(updated 2026-10-10)_
- [Compound DAO](https://caper.network/wiki/daos/lending/compound-dao): The Compound DAO governs Compound, one of DeFi's original algorithmic money markets, where users supply assets to earn interest and borrow against overcollatera _(updated 2026-10-23)_
- [Convex Finance](https://caper.network/wiki/daos/lending/convex-finance): Convex Finance is not a DAO that governs a product of its own so much as a governance layer built on top of another DAO. It sits on Curve and solves the coordin _(updated 2026-10-18)_
- [Euler (EUL)](https://caper.network/wiki/daos/lending/euler): Euler is a permissionless lending protocol on Ethereum, governed by the Euler DAO through its EUL token. Euler v1 launched in December 2021 as a reactive-intere _(updated 2026-10-18)_
- [Index Coop (INDEX)](https://caper.network/wiki/daos/lending/index-coop): Index Coop is a DAO that issues tokenised trading strategies on Ethereum and two of its layer-2 networks, Arbitrum and Base. Each product is an ERC-20 token tha _(updated 2026-10-12)_
- [Maple Finance](https://caper.network/wiki/daos/lending/maple-finance): Maple Finance is an on-chain credit business that runs as a token-holder DAO. Where a peer-to-pool money market lends against volatile crypto collateral, Maple  _(updated 2026-10-14)_
- [Morpho](https://caper.network/wiki/daos/lending/morpho): Morpho is a decentralized lending network and one of the largest protocols in DeFi, with roughly $7.5 billion in total value locked by early 2026 – the second-l _(updated 2026-10-18)_
- [Ondo Finance (ONDO)](https://caper.network/wiki/daos/lending/ondo-finance): Ondo Finance is one of the largest real-world-asset (RWA) platforms in crypto: it wraps short-term US Treasuries and other regulated instruments into freely-com _(updated 2026-10-12)_
- [Pendle Finance](https://caper.network/wiki/daos/lending/pendle-finance): Pendle Finance is a decentralized protocol that tokenizes future yield: it wraps a yield-bearing asset and splits it into a Principal Token (PT), redeemable 1:1 _(updated 2026-10-20)_
- [PoolTogether (POOL)](https://caper.network/wiki/daos/lending/pooltogether): PoolTogether is a prize-savings protocol: depositors keep their principal, the yield their deposits earn is pooled, and the pool is paid out as randomly drawn p _(updated 2026-11-04)_
- [Spark (SPK)](https://caper.network/wiki/daos/lending/spark): Spark is an on-chain allocator of stablecoin liquidity and a lending protocol governed by its own SPK token – and, distinctively, it is a sub-DAO that operates  _(updated 2026-10-18)_
- [Yearn Finance](https://caper.network/wiki/daos/lending/yearn-finance): Yearn Finance is the original DeFi yield aggregator: a protocol whose vaults take a user's deposit and route it through whatever lending and liquidity strategie _(updated 2026-10-18)_
- [Arbitrum DAO](https://caper.network/wiki/daos/networks/arbitrum-dao): The Arbitrum DAO governs Arbitrum, a leading Ethereum Layer-2 ecosystem built on optimistic-rollup technology. It comprises Arbitrum One (a full rollup), Arbitr _(updated 2026-10-31)_
- [Cosmos Hub (ATOM)](https://caper.network/wiki/daos/networks/cosmos-hub): The Cosmos Hub is the first chain built on the Cosmos SDK and the origin of the x/gov module that most Cosmos app-chains still run today. Its token, ATOM, is bo _(updated 2026-10-18)_
- [GnosisDAO](https://caper.network/wiki/daos/networks/gnosisdao): GnosisDAO is the community-run treasury and governance body of the Gnosis ecosystem – one of the oldest continuously-operating organizations on Ethereum. It beg _(updated 2026-10-18)_
- [Helium (HNT)](https://caper.network/wiki/daos/networks/helium): Helium is the canonical DePIN – a decentralized physical infrastructure network – and one of the few DAOs whose token rewards are paid for producing a real-worl _(updated 2026-10-18)_
- [Mantle (formerly BitDAO)](https://caper.network/wiki/daos/networks/mantle): Mantle is a DAO built around one of the largest treasuries in crypto, and the clearest example of the mega-treasury archetype in the directory. It began as BitD _(updated 2026-10-18)_
- [Optimism Collective](https://caper.network/wiki/daos/networks/optimism-collective): The Optimism Collective governs Optimism, an Ethereum Layer-2 optimistic rollup, and the wider Superchain of chains built on the open-source OP Stack – a federa _(updated 2026-10-18)_
- [Orbs Network](https://caper.network/wiki/daos/networks/orbs-network): Orbs is a proof-of-stake network whose token holders have governed by signed off-chain vote since 2022, and which spent August 2026 formally constituting itself _(updated 2026-10-18)_
- [Polkadot (DOT & OpenGov)](https://caper.network/wiki/daos/networks/polkadot): Polkadot is a layer-0 network: a central relay chain that provides shared security and interoperability to the parachains connected to it. Its native token, DOT _(updated 2026-10-18)_
- [Polygon (POL)](https://caper.network/wiki/daos/networks/polygon): Polygon began in 2017 as Matic Network, an Ethereum scaling sidechain, and is now a family of Ethereum-aligned chains coordinated under the Polygon 2.0 roadmap. _(updated 2026-10-18)_
- [Scroll DAO](https://caper.network/wiki/daos/networks/scroll-dao): Scroll DAO is the governance body of Scroll, an Ethereum layer-2 rollup built on zero-knowledge proofs, in which SCR holders and the delegates they choose vote  _(updated 2026-11-01)_
- [Starknet (STRK)](https://caper.network/wiki/daos/networks/starknet): Starknet is an Ethereum layer-2 built by StarkWare on validity proofs: transactions are executed off-chain and a STARK proof is verified on Ethereum, inheriting _(updated 2026-10-18)_
- [Syndicate Network Collective (SYND)](https://caper.network/wiki/daos/networks/syndicate-network-collective): The Syndicate Network Collective (SNC) governs Syndicate Network, an appchain platform built on programmable onchain sequencers. It is one of the first blockcha _(updated 2026-10-18)_
- [ZKsync (ZK & ZK Nation)](https://caper.network/wiki/daos/networks/zksync-era): ZKsync is an Ethereum layer-2 built by Matter Labs on validity (ZK) proofs. ZKsync Era went live on mainnet in March 2023, and the stack has since generalised i _(updated 2026-11-01)_
- [EduDAO](https://caper.network/wiki/daos/public-goods/edudao): EduDAO funds and organises university blockchain clubs. BitDAO, the treasury DAO now called Mantle, set it up by vote in December 2021, with student blockchain  _(updated 2026-10-19)_
- [Gitcoin DAO](https://caper.network/wiki/daos/public-goods/gitcoin-dao): Gitcoin is the DAO that did more than any other to turn quadratic funding from an economics paper into a working way to pay for public goods. Where most of the  _(updated 2026-10-23)_
- [Giveth (GIV)](https://caper.network/wiki/daos/public-goods/giveth): Giveth is a donation platform and a DAO built around one deliberately awkward economic idea: that the person who gives money away should be rewarded for it. Whe _(updated 2026-10-18)_
- [MolochDAO](https://caper.network/wiki/daos/public-goods/molochdao): MolochDAO is the minimalist Ethereum grants DAO, launched in 2019, whose few-hundred-line contracts and signature ragequit exit became the design ancestor of a  _(updated 2026-10-23)_
- [Protocol Guild](https://caper.network/wiki/daos/public-goods/protocol-guild): Protocol Guild is a collective funding mechanism for the people who maintain Ethereum's base layer. It describes itself as three components: an eligibility fram _(updated 2026-10-20)_
- [Token Engineering Commons (TEC)](https://caper.network/wiki/daos/public-goods/token-engineering-commons): The Token Engineering Commons was the flagship deployment of the augmented bonding curve, and it is now the DAO industry's best-documented deliberate wind-down. _(updated 2026-11-01)_
- [$CAR (SHL0MS)](https://caper.network/wiki/daos/social/shl0ms-car): $CAR is a 2022 conceptual crypto-art project by the pseudonymous artist SHL0MS in which a Lamborghini Huracán – the definitive "when Lambo" symbol of crypto wea _(updated 2026-10-18)_
- [ApeCoin DAO](https://caper.network/wiki/daos/social/apecoin-dao): ApeCoin DAO was, for three years, one of the largest and most-watched consumer DAOs in crypto – the community that governed the APE token and its share of the B _(updated 2026-10-18)_
- [BonkDAO (BONK)](https://caper.network/wiki/daos/social/bonkdao): BonkDAO is the governance body that spends the treasury of BONK, the community memecoin launched on Solana on Christmas Day 2022. It is worth a directory entry  _(updated 2026-10-18)_
- [ConstitutionDAO](https://caper.network/wiki/daos/social/constitutiondao): ConstitutionDAO was the canonical single-purpose (or "flash") DAO: an organization that formed in days around one concrete goal – buying a rare first-printing c _(updated 2026-10-18)_
- [Decentraland DAO](https://caper.network/wiki/daos/social/decentraland-dao): The Decentraland DAO is the governance body of Decentraland, a browser-based 3D virtual world whose land, names, and wearables are on-chain assets. It is one of _(updated 2026-10-18)_
- [Friends With Benefits (FWB)](https://caper.network/wiki/daos/social/friends-with-benefits): Friends With Benefits is widely considered the first social DAO – not a protocol, an investment club, or a collector, but a cultural community you join by holdi _(updated 2026-10-18)_
- [Game7 (G7)](https://caper.network/wiki/daos/social/game7): Game7 is a DAO set up to fund and build blockchain gaming. BitDAO, the treasury DAO now called Mantle, and Forte, a blockchain gaming company, pledged it $500m  _(updated 2026-10-19)_
- [Nouns DAO](https://caper.network/wiki/daos/social/nouns-dao): Nouns DAO is a fully on-chain NFT DAO launched on Ethereum on 8 August 2021. It is the canonical example of an auction-funded, fully on-chain organization: inst _(updated 2026-10-18)_
- [The Sandbox DAO (SAND)](https://caper.network/wiki/daos/social/the-sandbox-dao): The Sandbox DAO was the community-governance layer of The Sandbox, a voxel metaverse platform whose developer Pixowl was acquired by Animoca Brands in August 20 _(updated 2026-10-18)_
- [Yield Guild Games (YGG)](https://caper.network/wiki/daos/social/yield-guild-games): Yield Guild Games (YGG) is the canonical gaming-guild DAO: a decentralized organization that pools capital to buy the NFTs a blockchain game requires, then lend _(updated 2026-10-20)_
- [Aave GHO](https://caper.network/wiki/daos/stablecoins/aave-gho): GHO is a decentralized, overcollateralized stablecoin native to the Aave protocol: borrowers mint it against collateral supplied to Aave V3, and it holds a US-d _(updated 2026-10-20)_
- [Ethena (USDe)](https://caper.network/wiki/daos/stablecoins/ethena): Ethena issues USDe, a dollar-denominated synthetic asset that reaches its peg not through fiat in a bank account but through a hedged portfolio of crypto collat _(updated 2026-10-18)_
- [Frax Finance](https://caper.network/wiki/daos/stablecoins/frax-finance): Frax Finance is one of DeFi's oldest and most restlessly-redesigned protocols. It launched on 20 December 2020 with the first fractional-algorithmic stablecoin: _(updated 2026-10-18)_
- [Liquity](https://caper.network/wiki/daos/stablecoins/liquity): Liquity is a decentralized borrowing protocol on Ethereum whose defining choice is the near-total absence of governance. Where most DAO-adjacent protocols conce _(updated 2026-10-19)_
- [OlympusDAO (OHM)](https://caper.network/wiki/daos/stablecoins/olympusdao): OlympusDAO is a DeFi protocol and DAO on Ethereum, launched in March 2021 by a pseudonymous founder known as “Zeus”. It is built around OHM, a free-floating tok _(updated 2026-10-18)_
- [Reflexer (RAI)](https://caper.network/wiki/daos/stablecoins/reflexer-rai): Reflexer issues RAI, a decentralized stable asset that is deliberately not pegged to the dollar. Users lock ETH as the sole collateral and mint RAI against it;  _(updated 2026-10-18)_
- [Sky (formerly MakerDAO)](https://caper.network/wiki/daos/stablecoins/sky-dao): Sky – the protocol formerly known as MakerDAO – is one of the oldest and largest DAOs in DeFi. It governs the issuance of decentralized, crypto-and-real-world-a _(updated 2026-10-18)_
- [EigenLayer (EigenCloud)](https://caper.network/wiki/daos/staking/eigenlayer): EigenLayer – rebranded EigenCloud in 2025 – is a protocol on Ethereum that pioneered restaking: letting ETH stakers reuse their staked capital to extend Ethereu _(updated 2026-10-18)_
- [ether.fi (ETHFI)](https://caper.network/wiki/daos/staking/ether-fi): ether.fi is a non-custodial liquid restaking protocol on Ethereum. A user deposits ETH and receives eETH (or its wrapped, DeFi-composable form weETH), a liquid  _(updated 2026-10-07)_
- [Jito (JTO & JitoSOL)](https://caper.network/wiki/daos/staking/jito): Jito is the DAO that governs the dominant slice of Solana's value-capture stack: the network's largest liquid-staking token (JitoSOL), the MEV-enabled validator _(updated 2026-10-24)_
- [Lido DAO](https://caper.network/wiki/daos/staking/lido-dao): The Lido DAO governs Lido, the largest liquid-staking protocol on Ethereum. Users deposit ETH and receive stETH, a transferable token that accrues staking rewar _(updated 2026-10-18)_
- [Marinade (MNDE)](https://caper.network/wiki/daos/staking/marinade): Marinade is a stake-automation protocol on Solana and one of the network's earliest and largest liquid-staking DAOs. It spreads a depositor's SOL across a compe _(updated 2026-10-18)_
- [Rocket Pool](https://caper.network/wiki/daos/staking/rocket-pool): Rocket Pool is a decentralized liquid-staking protocol on Ethereum, governed by RPL holders and a set of trusted oracle nodes. It issues rETH, a reward-bearing  _(updated 2026-10-18)_
- [Decentralized Publishing & Peer Review](https://caper.network/wiki/desci/decentralized-publishing): Decentralized publishing and peer review is the DeSci pillar that targets how research is disseminated and validated, sitting alongside novel funding, IP-NFTs,  _(updated 2026-10-26)_
- [Decentralized science](https://caper.network/wiki/desci): Decentralized science (DeSci) is a movement to change how research is funded, published and governed using public blockchains, DAOs and token incentives. Its pr _(updated 2026-10-19)_
- [Decentralized Science Funding](https://caper.network/wiki/desci/desci-funding): Decentralized science funding is the family of mechanisms DeSci uses to route capital to research without a central grant committee: community-weighted matching _(updated 2026-11-03)_
- [DeSci DAOs](https://caper.network/wiki/desci/desci-daos): DeSci DAOs are decentralized autonomous organizations that fund, govern, and commercialize scientific research. Where traditional funders (NIH, ERC) concentrate _(updated 2026-10-30)_
- [DeSci on Radix](https://caper.network/wiki/desci/desci-and-radix): Decentralized science (DeSci) runs into the same technical walls everywhere: research intellectual property has to be tokenized without becoming drainable smart _(updated 2026-10-22)_
- [IP-NFTs and IP Tokens](https://caper.network/wiki/desci/ip-nfts): IP-NFTs (Intellectual Property Non-Fungible Tokens) tokenize the legal rights to a piece of research as an on-chain asset. The standard was created by Molecule, _(updated 2026-10-26)_
- [Research Data Ownership & Data DAOs](https://caper.network/wiki/desci/research-data-ownership): Scientific progress runs on data – genomes, clinical measurements, sensor streams, browsing and behavioural traces. Yet the people and institutions who generate _(updated 2026-11-03)_
- [The Reproducibility Crisis](https://caper.network/wiki/desci/reproducibility-crisis): The reproducibility crisis (also called the replication crisis) is the finding that a large share of published scientific results cannot be reproduced when inde _(updated 2026-10-30)_
- [What is Decentralized Science (DeSci)](https://caper.network/wiki/desci/what-is-desci): Decentralized Science (DeSci) is a movement to reform how science is funded, published, and governed using public blockchains, DAOs, and token incentives. As th _(updated 2026-10-30)_
- [AthenaBIO (formerly AthenaDAO)](https://caper.network/wiki/desci/ecosystem/athenadao): AthenaBIO, founded in 2022 as AthenaDAO, is a decentralized science (DeSci) organization that sources, funds and incubates women's health R&D, connecting resear _(updated 2026-10-30)_
- [AxonDAO](https://caper.network/wiki/desci/ecosystem/axondao): AxonDAO is a decentralized-science network that lets individuals collect, govern, and monetize their own biometric and health data instead of surrendering it to _(updated 2026-11-02)_
- [Bio Protocol](https://caper.network/wiki/desci/ecosystem/bio-xyz): Bio Protocol (formerly Bio.xyz) describes itself as “designed to make biotechnology more open, efficient and market-driven, from early-stage funding and liquidi _(updated 2026-10-30)_
- [Cerebrum DAO](https://caper.network/wiki/desci/ecosystem/cerebrum-dao): Cerebrum DAO is a Bio Protocol BioDAO that, in its own words, is "a community-powered network organization to source, fund, and translate research that accelera _(updated 2026-10-21)_
- [CryoDAO](https://caper.network/wiki/desci/ecosystem/cryodao): CryoDAO is a decentralized science (DeSci) organization that funds research in cryopreservation, biostasis, and cryobiology – the science of preserving cells, t _(updated 2026-10-29)_
- [Curetopia](https://caper.network/wiki/desci/ecosystem/curetopia): Curetopia is a decentralized-science (DeSci) research collective – a BioDAO that uses on-chain governance and tokenized intellectual property to fund cures for  _(updated 2026-10-18)_
- [DermaLabs (DermaDAO)](https://caper.network/wiki/desci/ecosystem/dermalabs): DermaLabs (governed as DermaDAO) is a decentralized-science BioDAO on the Bio Protocol launchpad that reorganizes skincare research around real-world data inste _(updated 2026-10-18)_
- [DeSci ecosystem](https://caper.network/wiki/desci/ecosystem): The DeSci ecosystem is the set of organizations that use DAOs, tokens and on-chain intellectual property to fund and run scientific research. Most are research  _(updated 2026-10-19)_
- [DeSci Labs](https://caper.network/wiki/desci/ecosystem/desci-labs): DeSci Labs is a Swiss software company building the base infrastructure for decentralized science – the open, content-addressed layer beneath the field's publis _(updated 2026-11-02)_
- [GenomesDAO](https://caper.network/wiki/desci/ecosystem/genomesdao): GenomesDAO, built by Genomes.io (founded 2018, London), is a biotech DeSci DAO focused on the safe, private, and auditable monetization of genomic data – a lead _(updated 2026-10-18)_
- [Gitcoin DeSci Grants](https://caper.network/wiki/desci/ecosystem/gitcoin-desci): Gitcoin is the longest-running quadratic funding platform in the Ethereum ecosystem. Its Grants Round 15 (GR15) featured the first-ever dedicated DeSci Round, a _(updated 2026-10-29)_
- [HairDAO](https://caper.network/wiki/desci/ecosystem/hairdao): HairDAO is a decentralized-science (DeSci) collective that funds, coordinates, and owns research into hair loss. It is one of the Bio Protocol ecosystem's BioDA _(updated 2026-10-18)_
- [LabDAO](https://caper.network/wiki/desci/ecosystem/labdao): LabDAO was one of the most-cited organizations in decentralized science: an open collective building shared infrastructure for computational biology, so that a  _(updated 2026-11-02)_
- [Long COVID Labs](https://caper.network/wiki/desci/ecosystem/long-covid-labs): Long COVID Labs (LCL) is a patient-led decentralized-science organization building an on-chain platform to find and deliver treatments for Long COVID – which it _(updated 2026-10-18)_
- [Molecule](https://caper.network/wiki/desci/ecosystem/molecule): Molecule is the infrastructure layer of decentralized science, providing the IP-NFT framework that underpins most biotech DAOs. The platform lets research commu _(updated 2026-10-27)_
- [PeptAI (PEPTAI)](https://caper.network/wiki/desci/ecosystem/peptai): PeptAI is a BioAgent: an autonomous research agent launched on Bio Protocol that designs peptide drug candidates computationally, ranks them, and pushes the sur _(updated 2026-10-18)_
- [PsyDAO](https://caper.network/wiki/desci/ecosystem/psydao): PsyDAO is a decentralized network for psychedelic science and culture that awards grants to researchers and creators, governs a shared treasury on-chain, and ho _(updated 2026-10-22)_
- [Pump.science (RIF, URO)](https://caper.network/wiki/desci/ecosystem/pump-science): Pump.science is a Solana-based protocol that finances decentralized-science research into longevity compounds by gamifying the funding step. It is a spin-off of _(updated 2026-10-18)_
- [Quantum Biology DAO](https://caper.network/wiki/desci/ecosystem/quantum-biology-dao): Quantum Biology DAO is a BioDAO funding a corner of science most drug-focused DeSci projects never touch: quantum biology, the study of how quantum-mechanical e _(updated 2026-10-18)_
- [Rejuve.AI](https://caper.network/wiki/desci/ecosystem/rejuve-ai): Rejuve.AI is a decentralized longevity research network that rewards ordinary people for contributing health data and AI models toward the science of extending  _(updated 2026-10-18)_
- [ResearchHub (ResearchCoin)](https://caper.network/wiki/desci/ecosystem/researchhub): ResearchHub is an open-science platform that pays researchers in its own token, ResearchCoin (RSC), for work the academic system normally extracts for free – ab _(updated 2026-10-18)_
- [UltraRare Bio](https://caper.network/wiki/desci/ecosystem/ultrarare-bio): UltraRare Bio is a decentralized-science media and research team that produced two of the field's foundational reference works: the DeSci Wiki – a directory of  _(updated 2026-10-12)_
- [ValleyDAO](https://caper.network/wiki/desci/ecosystem/valleydao): ValleyDAO is a decentralized science (DeSci) organization that funds synthetic biology research with climate and industrial applications – engineering biologica _(updated 2026-10-18)_
- [VitaDAO](https://caper.network/wiki/desci/ecosystem/vitadao): VitaDAO is a community-owned collective that funds and advances early-stage longevity science – the first decentralized science (DeSci) DAO, launched in June 20 _(updated 2026-10-18)_
- [VitaRNA (VITARNA)](https://caper.network/wiki/desci/ecosystem/vitarna): VitaRNA is the governance space attached to a single tokenised research asset: the Artan Bio IP-NFT covering a mutation-specific codon-suppression approach to g _(updated 2026-10-21)_
- [Airdrops and token distribution](https://caper.network/wiki/economics/airdrops-and-token-distribution): An airdrop distributes a token for free to a set of addresses chosen by a rule. In practice the rule is retroactive: a snapshot is taken of past on-chain behavi _(updated 2026-11-03)_
- [Blockchain and capital markets](https://caper.network/wiki/economics/capital-markets): Blockchain and capital markets refers to the application of distributed-ledger technology to the systems through which businesses raise capital and investors ho _(updated 2026-10-22)_
- [Commons governance and collective action](https://caper.network/wiki/economics/commons-governance): In 1968 the ecologist Garrett Hardin argued in “The Tragedy of the Commons” (Science 162, 1243–1248) that a resource open to all is doomed: each user rationally _(updated 2026-10-18)_
- [Cryptoeconomics](https://caper.network/wiki/economics/cryptoeconomics): Cryptoeconomics is the practice of building open networks, and applications on top of them, whose guarantees rest on cryptography and economic incentives togeth _(updated 2026-10-12)_
- [Curation markets](https://caper.network/wiki/economics/curation-markets): Curation markets are crypto-economic mechanisms in which a community buys, holds, and stakes tokens attached to a shared topic – a list, a set of recommendation _(updated 2026-10-18)_
- [Fee switches and value accrual](https://caper.network/wiki/economics/fee-switches-and-value-accrual): A fee switch is a governance-controlled parameter that takes a slice of the fees a protocol already charges its users and routes it to the protocol itself rathe _(updated 2026-10-18)_
- [Harberger taxes](https://caper.network/wiki/economics/harberger-taxes): A Harberger tax is a property arrangement defined by two rules: owners publicly self-assess the value of what they hold and pay a recurring tax on that declared _(updated 2026-10-26)_
- [Liquidity bootstrapping pools (LBPs)](https://caper.network/wiki/economics/liquidity-bootstrapping-pools): A liquidity bootstrapping pool (LBP) is a token-sale mechanism, first built on Balancer, that lets a project distribute a brand-new token and discover its price _(updated 2026-10-18)_
- [Liquidity mining and mercenary capital](https://caper.network/wiki/economics/liquidity-mining): Liquidity mining (also called yield farming) is a token-distribution strategy in which a protocol pays out its own governance token to the users who supply liqu _(updated 2026-10-15)_
- [Market design](https://caper.network/wiki/economics/market-design): Market design is the part of economics that builds marketplaces and repairs broken ones. Mechanism design asks which rules could in principle produce a chosen o _(updated 2026-10-12)_
- [Mechanism design](https://caper.network/wiki/economics/mechanism-design): Mechanism design is the branch of economics that asks the reverse of the usual game-theory question. Game theory takes the rules as given and predicts how ratio _(updated 2026-10-18)_
- [MEV and value extraction](https://caper.network/wiki/economics/mev-and-value-extraction): MEV is the value someone can extract from a blockchain by controlling the contents and order of a block, over and above the ordinary fees and rewards for produc _(updated 2026-10-12)_
- [Microfinance and micropayments](https://caper.network/wiki/economics/microfinance): Microfinance and micropayments are, respectively, small-scale financial services – chiefly credit – for people underserved by conventional banks, and digital pa _(updated 2026-10-18)_
- [Network effects and platforms](https://caper.network/wiki/economics/network-effects-and-platforms): A network effect exists when a product is worth more to each of its users the more other people use it. The telephone is the standard example: one handset is us _(updated 2026-10-12)_
- [Numerical pricing in AMMs and bonding curves](https://caper.network/wiki/economics/numerical-pricing): An automated market maker publishes a rule that ties the balances in a pool together. Quoting a trade means solving that rule for the quantity the trader does n _(updated 2026-10-12)_
- [Personal Tokens](https://caper.network/wiki/economics/personal-tokens): A personal token is a tradeable token issued by an individual against themselves – a claim on, or access to, their future output, attention, or success. The pra _(updated 2026-11-03)_
- [Principal–agent problem](https://caper.network/wiki/economics/principal-agent): The principal–agent problem is the economic friction that appears whenever one party – the principal – hires or empowers another – the agent – to act on its beh _(updated 2026-10-18)_
- [Reputation and information asymmetry](https://caper.network/wiki/economics/reputation-and-information): Information asymmetry arises when one side of a transaction knows materially more than the other: the seller of a used car knows its true condition, and the fou _(updated 2026-10-18)_
- [Schelling points and coordination](https://caper.network/wiki/economics/schelling-points): A Schelling point (or focal point) is the option that people tend to choose in a coordination problem when they cannot communicate, because it stands out as the _(updated 2026-10-12)_
- [Staking and slashing](https://caper.network/wiki/economics/staking-and-slashing): Slashing is the mechanism that turns a proof-of-stake validator's deposit into collateral. A validator posts stake, the protocol defines a short list of provabl _(updated 2026-10-18)_
- [Token unlocks and vesting schedules](https://caper.network/wiki/economics/token-unlocks-and-vesting): A vesting schedule is a promise about when tokens that already exist become usable by the person they were granted to. A token unlock is that promise coming due _(updated 2026-10-18)_
- [Token valuation](https://caper.network/wiki/economics/token-valuation): Token valuation is the study of how blockchain tokens acquire and sustain market value. Because most tokens confer no legal claim on a firm's earnings, the disc _(updated 2026-10-18)_
- [Token velocity](https://caper.network/wiki/economics/token-velocity): Token velocity is the rate at which a token turns over – the number of times an average unit is transacted within a period. It matters in token design because u _(updated 2026-10-18)_
- [Transaction costs and property rights](https://caper.network/wiki/economics/transaction-costs): Transaction costs are the resources consumed in making an exchange happen: finding a counterparty, agreeing on terms, and ensuring that the agreement is kept. P _(updated 2026-10-18)_
- [Triple-entry accounting](https://caper.network/wiki/economics/triple-entry-accounting): Triple-entry accounting is the name of two unrelated proposals to extend double-entry bookkeeping, the system in which every transaction is recorded twice, as a _(updated 2026-10-12)_
- [Virtual economies](https://caper.network/wiki/economics/virtual-economies): A virtual economy is the system of production, trade, and asset ownership that emerges inside a persistent online world, such as a massively multiplayer game. A _(updated 2026-10-18)_
- [Build on Caper as an agent](https://caper.network/wiki/foundations/build-on-caper-as-an-agent): An AI agent with its own Radix key can do on Caper everything a human does through the browser wallet: launch a caper, buy and sell on its bonding curve, edit t _(updated 2026-11-03)_
- [Buying into a caper](https://caper.network/wiki/foundations/buying-into-a-caper): You buy into a caper by sending XRD to its bonding curve from the swap panel on the caper’s own page. The curve releases tokens to you on the spot and sets the  _(updated 2026-10-18)_
- [Foundations](https://caper.network/wiki/foundations): A caper is an organization on Radix, which anyone can launch in one transaction. It arrives with three parts that nothing can separate afterwards: its own token _(updated 2026-10-19)_
- [How to start a DAO on Radix](https://caper.network/wiki/foundations/getting-started): To start a DAO on Radix with Caper, you launch a caper: an organization with its own token, treasury and market, created in one transaction from the browser. Yo _(updated 2026-10-31)_
- [Leaving a caper: the exit right](https://caper.network/wiki/foundations/leaving-a-caper): Leaving a caper means using its exit right: a member who has voted hands in their tokens and their vote tokens, and receives their fair share of the caper's tre _(updated 2026-10-21)_
- [Migrating an existing token](https://caper.network/wiki/foundations/migrating-an-existing-token): A caper can be launched on top of a token that already exists, and that token's holders can swap into the new caper token at a fixed rate set at launch. Caper c _(updated 2026-10-26)_
- [Paying someone from a caper's treasury](https://caper.network/wiki/foundations/paying-someone-from-a-caper): A caper pays someone from its treasury by passing a PAYOUT proposal: a motion naming a recipient, a currency and an amount, which members rank on a ballot and w _(updated 2026-10-30)_
- [Querying a caper from an AI agent](https://caper.network/wiki/foundations/querying-a-caper-from-an-ai-agent): Caper serves two MCP servers, and reading from either needs no key. Point your agent at for the knowledge base, or at /mcp for one DAO's own record. Both speak  _(updated 2026-11-03)_
- [Starting a personal caper](https://caper.network/wiki/foundations/starting-a-personal-caper): A sole trader carries their business in their own body. The debts are their debts, the reputation is their reputation, and when they stop, it stops. Incorporati _(updated 2026-10-18)_
- [What a founder can and cannot take from a caper](https://caper.network/wiki/foundations/what-a-founder-can-take): Anyone deciding whether to put money into a caper asks the same question first: can the founder run away with the money? A caper is a group of people who raise  _(updated 2026-10-30)_
- [What is a caper](https://caper.network/wiki/foundations/what-is-a-caper): A caper is an organization that anyone can launch in one click. Each caper has its own token, treasury, and community of holders who steer it by raising proposa _(updated 2026-10-18)_
- [Execution](https://caper.network/wiki/governance/execution): Execution is the step that carries out a passed proposal. A caper decides in two phases: members rank the options on a ballot, and if an action wins, the caper' _(updated 2026-10-24)_
- [Governance](https://caper.network/wiki/governance): A caper decides what its treasury does in two steps. Members first rank the options on a proposal's ballot, and one option is always to do nothing. If an action _(updated 2026-10-19)_
- [Proposals](https://caper.network/wiki/governance/proposals): A proposal is a slate of options a caper votes on, one of which its treasury then performs, unless its own market objects first. It has to pass two separate tes _(updated 2026-10-28)_
- [Voting](https://caper.network/wiki/governance/voting): Voting is the first of the two phases in which a caper decides what its treasury does. Members rank the options on a proposal, and each ballot counts with its c _(updated 2026-10-24)_
- [Voting mechanisms](https://caper.network/wiki/governance/voting-mechanisms): A voting mechanism is the rule that turns a group's individual preferences into a single collective decision. Two mechanisms can take the same ballots and reach _(updated 2026-10-28)_
- [FAQ](https://caper.network/wiki/help/faq): A caper is an organization on Radix, which anyone can launch in one transaction. It comes with three permanent parts: its own token, a treasury, and a market wh _(updated 2026-10-22)_
- [Why a transaction failed](https://caper.network/wiki/help/why-a-transaction-failed): A Radix transaction is atomic: when a check inside the contract fails, the whole transaction is rejected and nothing it would have moved moves. The network fee  _(updated 2026-10-22)_
- [Bonding curve](https://caper.network/wiki/markets/bonding-curve): A bonding curve is a smart contract that sets a token's price as a mathematical function of its circulating supply: it mints new tokens when buyers arrive and b _(updated 2026-10-25)_
- [Raising & markets](https://caper.network/wiki/markets): A caper raises money through its own market, which opens at launch and stays open for as long as the caper exists. Anyone can buy the caper's token at any time  _(updated 2026-10-19)_
- [Raising funds](https://caper.network/wiki/markets/raising-funds): A caper raises money continuously: from the transaction that launches it, anyone can buy its token on its bonding curve, and the raise never closes. That makes  _(updated 2026-11-02)_
- [Trading](https://caper.network/wiki/markets/trading): Trading a caper's token means buying it from, or selling it back to, that caper's own bonding curve, from the buy/sell panel on the caper's profile page. The cu _(updated 2026-11-02)_
- [Freshness](https://caper.network/wiki/policy/freshness): Freshness is the Caper wiki's on-chain extension of verifiability. Facts about a fast-moving ecosystem decay quickly, so a claim sourced correctly a year ago ma _(updated 2026-10-18)_
- [Neutral Point of View](https://caper.network/wiki/policy/neutral-point-of-view): Neutral point of view (NPOV) means representing a subject fairly, proportionately, and without editorial bias. [1] Facts are stated as facts; opinions are attri _(updated 2026-11-04)_
- [No Original Research](https://caper.network/wiki/policy/no-original-research): Articles must not present original research – unpublished analysis, speculation, or conclusions no reliable source has stated. [1] Every interpretive claim shou _(updated 2026-10-18)_
- [Notability](https://caper.network/wiki/policy/notability): Notability is the test of whether a subject merits its own article. A topic is presumed notable if it has received significant, independent coverage or plays a  _(updated 2026-11-04)_
- [Verifiability](https://caper.network/wiki/policy/verifiability): Verifiability is the first standard on the Caper wiki: the threshold for including material is whether readers can check it against a reliable, published source _(updated 2026-10-31)_

## DAOs

- [Load Drill 01 ($LOAD01)](https://caper.network/capers/LOAD01)
  MCP: POST https://caper.network/capers/LOAD01/mcp · Ledger text: https://caper.network/capers/LOAD01/llms.txt
- [Load Drill 02 ($LOAD02)](https://caper.network/capers/LOAD02)
  MCP: POST https://caper.network/capers/LOAD02/mcp · Ledger text: https://caper.network/capers/LOAD02/llms.txt
- [Load Drill 03 ($LOAD03)](https://caper.network/capers/LOAD03)
  MCP: POST https://caper.network/capers/LOAD03/mcp · Ledger text: https://caper.network/capers/LOAD03/llms.txt
- [Load Drill 04 ($LOAD04)](https://caper.network/capers/LOAD04)
  MCP: POST https://caper.network/capers/LOAD04/mcp · Ledger text: https://caper.network/capers/LOAD04/llms.txt
- [Load Drill 05 ($LOAD05)](https://caper.network/capers/LOAD05)
  MCP: POST https://caper.network/capers/LOAD05/mcp · Ledger text: https://caper.network/capers/LOAD05/llms.txt
- [Load Drill 06 ($LOAD06)](https://caper.network/capers/LOAD06)
  MCP: POST https://caper.network/capers/LOAD06/mcp · Ledger text: https://caper.network/capers/LOAD06/llms.txt
- [Load Drill 07 ($LOAD07)](https://caper.network/capers/LOAD07)
  MCP: POST https://caper.network/capers/LOAD07/mcp · Ledger text: https://caper.network/capers/LOAD07/llms.txt
- [Load Drill 08 ($LOAD08)](https://caper.network/capers/LOAD08)
  MCP: POST https://caper.network/capers/LOAD08/mcp · Ledger text: https://caper.network/capers/LOAD08/llms.txt
- [Load Drill 09 ($LOAD09)](https://caper.network/capers/LOAD09)
  MCP: POST https://caper.network/capers/LOAD09/mcp · Ledger text: https://caper.network/capers/LOAD09/llms.txt
- [Load Drill 10 ($LOAD10)](https://caper.network/capers/LOAD10)
  MCP: POST https://caper.network/capers/LOAD10/mcp · Ledger text: https://caper.network/capers/LOAD10/llms.txt
- [Caper ($CAPER)](https://caper.network/capers/CAPER)
  MCP: POST https://caper.network/capers/CAPER/mcp · Ledger text: https://caper.network/capers/CAPER/llms.txt
- [Load Drill 11 ($LOAD11)](https://caper.network/capers/LOAD11)
  MCP: POST https://caper.network/capers/LOAD11/mcp · Ledger text: https://caper.network/capers/LOAD11/llms.txt
- [Load Drill 12 ($LOAD12)](https://caper.network/capers/LOAD12)
  MCP: POST https://caper.network/capers/LOAD12/mcp · Ledger text: https://caper.network/capers/LOAD12/llms.txt
- [TWAP Drill ($TWAPDR)](https://caper.network/capers/TWAPDR)
  MCP: POST https://caper.network/capers/TWAPDR/mcp · Ledger text: https://caper.network/capers/TWAPDR/llms.txt
- [ASCENT ($ASCENT)](https://caper.network/capers/ASCENT)
  MCP: POST https://caper.network/capers/ASCENT/mcp · Ledger text: https://caper.network/capers/ASCENT/llms.txt