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---
title: API3 DAO
pageHeader: Overview
outline: deep
---

<PageHeader/>

# API3 DAO

API3 delegates much of its governance to the vote of a Decentralized Autonomous
Organization (DAO). API3 is a collaborative effort to build, manage and monetize
dAPIs at scale. To achieve delegated governance and apportion grants in a fully
decentralized way, the incentives and processes of the participants are
reconciled through the governance, security, and
[value capture utilities](/overview/pool.md#token-utilities) of the API3 token
and its powers in the API3 DAO.

The API3 project has a completely open, decentralized and direct governance
model. Any API3 token holder can stake in the DAO pool and obtain direct voting
abilities in the DAO smart contract and thus participate in many aspects of the
governance of the project directly. In addition, stakers receive immutably-coded
[inflationary rewards](/overview/rewards.md) and any additional benefits that
the DAO may decide on in the future.

The DAO votes on high-level matters such as staking incentives and
collateralization (parameters of the DAO smart contract itself), as well as
grant proposals that directly transfer DAO treasury assets to teams working in
support of API3.

> <img src="./overview/assets/images/06-a-API3_DAO-Op1.png" width="450"/>
## DAO Contributors Structure

The organizational structure of contributors which receive grants from the DAO
is often comprised of hierarchical teams and subDAOs both of which manage,
streamline, and secure the success of their deliverables to API3.

### Hierarchical Teams

More granular tasks are conducted through hierarchical team structures for
scalable governance.

A best-practice workflow is to form off-chain teams and apply for grants to
execute one-time projects or time-defined operations that will benefit API3. The
team makes the grant application with a multisig that has the team members
assigned as users, and the DAO permissionlessly transfers the grant to the
multisig if the grant proposal is accepted and passed by the DAO contract logic.

This team-based governance scheme is scalable in terms of gas costs, as it
requires fewer proposals to be voted on at the DAO level. It is also more
scalable in practical terms, as it does not require the constant attention of
all governing parties to a wide variety of minute details. Furthermore, it
allows critical operations such as dAPI management to be executed swiftly and
based on expert opinion. As API3 operations expand, this governance hierarchy
may demand additional layers in the form of subDAOs.

To learn more about hierarchical team structures
<a href="/api3-whitepaper-v1.0.3.pdf#page=22" target="_blank"> see Section 5.3
of the API3 Whitepaper</a>.

### subDAO

The DAO is leveraged to selectively allocate funds and decisions in line with
the mission of API3. When a task reaches a scale that can no longer be fulfilled
by a team, it is assigned to a subDAO.

> <img src="./overview/assets/images/dao-subdao-teams.png" width="350"/>
## Principles

API3 focuses on two principles for effective governance:

- Least Privilege
- Transparency

### Least Privilege

To limit the amount of damage a malicious or incompetent team may cause, each
team's authority must be constrained to a bare minimum, which is also known as
the “principle of least privilege”. For example, a dAPI management team should
never be able to completely recompose a dAPI that is under use, but should only
be able to switch individual oracles in and out with a long enough cool-down
period to discourage abuse of authority. Similarly, milestones and deliverables
should be utilized to grant teams only the funds needed to carry out their
specific responsibilities.

### Transparency

Each team is expected to produce sufficiently detailed progress reports that
enable the DAO's participants to evaluate team performance with respect to
proposed goals. These public reports have the additional benefit of increased
accountability as dAPI users and the general public can audit API3 operations.
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---
title: DAO Dashboard
pageHeader: Members
outline: deep
---

<PageHeader/>

# DAO Dashboard

The [DAO Dashboard](https://dao.api3.org) is the portal to participate in the
API3 DAO. It is aimed at API3 members and others that want to understand how to
interact with the DAO or modify/reuse any of its infrastructure.

![dao-dashboard](./assets/images/dao-dashboard.png)

## Preparing to use the Dashboard

The guides for DAO Members to use the dashboard require a digital wallet such as
[MetaMask](https://metamask.io/download/) to be integrated with your browser.

1. Access the [DAO Dashboard](https://dao.api3.org) on **Mainnet**.

2. Install a digital wallet (such as [MetaMask](https://metamask.io/download/))
for your preferred browser.

3. Connect your wallet by clicking the **Connect Wallet** button in the upper
right hand corner. Select your wallet from the popup. Be sure your wallet is
connected to the mainnet for production use.

Once loaded, the dashboard will default to the staking view. On the left is the
annual percentage yield which is the return on investment after one year. Below
that is annual total supply growth. Rewards are updated weekly based on the
percentage of the staking target met, which is calculated by the staked amount
divided by the staking target.

At the bottom of the page there are two sections, **Balance and Staking**. The
balance section allows you to deposit and withdraw your tokens while the staking
section allows you to stake and unstake your tokens.

## The DAO Dashboard Guides

The DAO dashboard has three views as seen in the navigation menu in the upper
left hand corner ( Staking, Governance, and History). Visit the following guides
and learn more about the dashboard functionality.

- [Staking Tokens](/members/staking.md) - Stake API3 tokens into the DAO pool to
gain governance rights (proposals and voting) and earn rewards.
- [Working with Proposals](/members/proposals.md) - View and create proposals.
- [How to Vote](/members/voting.md) - Vote on proposals directly or through
delegation.
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