This article is part of a series of deep dives into some of today's most popular DAOs. Learn more and read the rest of the DAO Deep Dive series here.
Builders in Web3 often turn to the community around them for funding as a way to acquire capital from less centralized, institutional providers. There are several versions of DAOs or investment clubs that focus on fundraising for projects such as Gitcoin, The LAO, BitDAO, etc. Each of these is focused on developing whole ecosystems (Ethereum), funding public goods, or emulating some version of a venture fund in a decentralized manner.
The Juicebox Protocol acts as a decentralized Kickstarter, allowing projects, namely DAOs, to fundraise from the community for Ethereum-based projects. It functions as a programmable treasury protocol that teams can customize to manage treasuries on-chain. The JuiceboxDAO governs the Juicebox Protocol.
Let’s go through how Juicebox operates––there are essentially two ways projects can source funding (ETH) on Juicebox:
Eshita is a Research Analyst at Messari focused on Web3 topics. Previously, she was a Venture Fellow at Bloomberg Beta and prior to that was working on data at Shareworks by Morgan Stanley.