Bankless TribeDAO - The Biggest Protocol Merge Ever
Jan 5, 2022
Jai Bhavnani, co-founder of Rari Capital, and Joey Santoro, core contributor to FEI Protocol, dive into the monumental merger between Rari and FEI, creating the TribeDAO. They discuss the unprecedented community support behind this move and its implications for decentralized finance. The conversation touches on the complexities of merging DAOs, aligning incentives, and the evolution of competitive dynamics in DeFi. With exciting developments on the horizon, they explore what this means for future collaborations and the changing landscape of governance in the space.
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Episode notes
Rari Treasury
- Rari's treasury is not being transitioned to TribeDAO but remains available for mutual support.
- Both DAOs operate under the Tribe banner, sharing resources and vision.
The God Theory of DAOs
- Joey Santoro had previously considered a merger with Rari, making the proposal feel 'right'.
- The God Theory of DAOs suggests some DAO members will always be upset, regardless of decisions.
RGT & Operations
- RGT holders can convert their tokens to Tribe via a website linked on Rari's Twitter and website.
- The fixed peg price of 26.7 was determined by governance votes on both sides.