How to run a great decentralized proposal process

One essential element for DAOs to be effective is the ability to make decisions about how to allocate funds. The Alchemy Dapp makes this collaborative budgeting and funding process easy but there is much more to successful budget allocation than using a software tool.

This chapter will take you through the basic steps of setting up and running collaborative budgeting rounds for your DAO, from seeding your group culture, to onboarding, engagement, proposal making and funding.

The 5 steps to running your first funding round