Realms team on the governance layer on Solana and the Sowellian prediction market
Dean, Taki and Chris from Realms join Pirates Parley to break down the governance layer of Solana: the Realms DAO platform, their new Sowellian prediction-market system, and IslandDAO V4 in Koh Samui this June.Realms is the DAO platform of Solana. It's the program behind Jito, Metaplex, Pyth, Marinade, Bonk and more. The team are self-described "governance nerds". Dean is the director at Realms. Taki works on on-chain coordination. Chris focuses on syndication and pooled capital, and caught a real governance attack the day before recording.
They cover:
What Realms actually does: DAO-controlled treasuries, program upgrade authority, and on-chain coordination on Solana The Sowellian mechanism, named after economist Thomas Sowell, where good decisions are rewarded and bad ones are penalised via prediction-market bets A live demo on beta.realms.today: a member bets ~$5 to $8 of their own capital, the DAO trades around $200 to $500, and the better takes 30% of the profit in 24 hours if they're right A governance attack Chris vetoed yesterday: a proposal disguised as a trade tried to transfer the whole treasury to a single address, stopped in real time using Realms' veto tooling Delegates: proxy voting on-chain, without the $10,000 to $25,000 lawyer fee you'd pay for proxy voting a stock in the US An audience question on running a Futarchy launchpad (MetaDAO) alongside a Realms DAO with a 4-of-6 multisig for upgrade authority Why all three went Bitcoin first, then Solana, mostly skipping EVM The Kelp DAO attack and Arbitrum freezing funds, and what it says about decentralisation's ethos IslandDAO history: V1 in a villa on Crete, V2 in the Solana villa in Thailand after Breakpoint Singapore, V3 back in Greece IslandDAO V4: Solana villa in Koh Samui, 3 June to 28 June. Early-bird until 1 May. Free VIP pass if you hold all 12 IslandDAO animal NFTs On-chain event tooling: check-ins, media upload via IslandGram, decentralised governance for food and activities, and NFC-based autographs that update NFT metadata on contact
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