Hypha’s Beta Launch draws inspiration from the intricate network of natural Hypha, the tiny, interconnected mycelial hairs that facilitate resource sharing to sustain complex ecosystems. Our Beta Launch, rooted in the thriving EOS Network, will enhance the way humans and teams engage with one another while seamlessly integrating the benefits of blockchain technology through cutting-edge new features.
Hypha is not just a platform for launching decentralized autonomous organizations (DAOs) but a catalyst for revolutionizing traditional success metrics and embracing collaboration and diversity over exploitative profit or growth targets. Our DAO toolkit goes beyond decentralization, eliminating hierarchical structures and introducing symbiotic mechanisms to motivate and reward contributors. Within Hypha’s ecosystem, individuals can authentically engage in projects that truly matter to them. Our DAO Beta Launch empowers teams to tackle complex challenges and create solutions together at scale. Hypha’s DAO technology is at the heart of this transformative journey — enabling coordination and collaboration on a whole new level.
Following the Beta Launch, here’s a preview of our 10 new features transforming organizational collaboration.
Feature 1: Quickly and easily set up a DAO by selecting from ready-made templates
Creating a DAO may seem daunting, but it’s never been easier with our new Templates feature. The Beta Launch will offer a range of pre-configured templates tailored to meet different organizations’ needs and requirements. Users will also receive guidance for starting their DAO from scratch. Templates for startups, cooperatives, and more are already underway.
Feature 2: Achieve decentralized organizational structure via circles and circle budgets
DAOs using Hypha’s platform can create circles and sub-circles focused on different organizational functions. Policies, quests, and roles can now be made “circle specific.” We are working to include “circle budgets” as well, which will allow roles and other payout activities to be “paid” using a specific circle budget.
Feature 3: Benefit from having a safe and secure multi-signatory treasury
DAOs often face challenges with treasury management, given their decentralized nature. Hypha’s new treasurer redemption processing module feature provides a solution for streamlining payout processes. It allows DAO members to redeem their HUSD-equivalent token at any time while enabling delegated treasurers to generate an automated series of multi-sig proposals to pay out redemptions from a shared, multi-sig wallet on EOS. This accomplishment will revolutionize how DAOs manage their treasuries, making the process more secure, transparent, and accessible than ever before.
Feature 4: Leverage policy proposals to align and vote on key decisions
From agreeing to smile on video calls to aligning on exciting memorandums, our new policy proposal feature enables DAO members to easily create and vote on organizational policies. Members can also link to existing proposals or create new versions, all on Hypha’s organizational dashboard.
Feature 5: Collaborate and add value to projects via Quests
Most DAOs are familiar with the challenges of bringing in new talent due to challenges associated with funding and hiring regulations. Our new quest feature allows anyone to propose a short-term, one-time project to a DAO for community voting. With this feature, interested parties can propose scopes and associated costs and receive payment once the proof of work is reviewed. That’s as easy as it gets!
Feature 6: Engage your community like never before
Having a strong and supportive community is a valuable asset for any organization, but the question is, how can you build one? The good news is that with Hypha’s community membrane feature, it’s now easier than ever to engage with your community in a participatory way. With features like community proposals, payouts, and badges, you can kickstart the process and build a thriving community. By onboarding and assigning tasks to community members, you can align your core teams with your community and unlock the collective intelligence that might otherwise remain dormant. With our community membrane feature, the possibilities are endless!
Feature 7: Reach consensus with Upvote Election
Reaching consensus is a challenging task for every DAO, especially as the size and complexity of the organizations grow — Hypha’s new Upvote Election feature functions as a democratic voting tool. Members can elect delegates for fixed terms (the current default is three months), who can use special voting power and make decisions on behalf of the entire community — whether it’s 10,000 or 100,000 members.
Feature 8: Validate decisions via Community Proposals
This feature enables DAOs to energize their communities and inspire action by creating polls. We have developed several community proposal feature types that work hand in hand with our new democratic election process feature (see the Upvote Election feature for more information). These features allow DAOs to unleash the collective intelligence of their communities and turn a passive following into action mode through voting and rewards.
Feature 9: Build and scale ecosystems via Ecosystem As a Service (EaaS)
Building ecosystems is highly complex and challenging, requiring many organizations to come together to solve a specific problem. One of the most exciting new features, Hypha’s new Ecosystem As a Service (EaaS), enables wide-scale coordination and governance, allowing members to expand their DAO ecosystems to include other partner organizations. Regarding how this looks in practice, once DAOs reach a certain staking threshold, they can launch new DAOS. These sub-DAOs (called child-DAOs) are part of the growing ecosystem and stay connected to the broader vision but act independently.
Feature 10: Explore and find opportunities in DAO networks
Our new ecosystem filter feature makes it easy for anyone to join a DAO based on their unique interests. With an account set up, users will see every DAO belonging to the Hypha network and be able to browse by ecosystem theme. With 80+ DAOs in the network already, new opportunities are springing up daily!
As a conclusion, get started today! Exciting new features and benefits await — don’t miss out on this opportunity! For more updates, subscribe to our newsletter, join our Discord, and follow Hypha on Twitter and LinkedIn for ongoing updates.