How To

Explore our directory of ‘how to articles’, from setting up wallets to the latest user experience features available on the platform. We’ll continue to add to these over time to help those looking for practical tips to actively participate in the world of DeFi.


Find out about the macro events shaping the future of the Algorand Ecosystem. As blockchain technology pervades the mainstream consciousness, we’ll continue reporting on the social and economic moves driving the direction of the ecosystem.


Look for exclusive interviews with founders, panel discussions with important figures, documentary content following key projects, and insightful information to help you dive deeper into the world of Algorand.


Featuring rich content straight from the source, we’ll keep you across the latest developments, tracking projects as they deploy and continue to grow. From trending topics to breaking news stories, you won’t miss a thing.


Learn about Algorand and the projects being brought to life. Find out the answers to the inner workings of many of the Web 3.0 project developments happening on chain. Explore our knowledge directory to help you navigate and participate in the Future of Finance.


Discover how Decentralized Autonomous Organisations (DAOs) are replacing traditional organizational hierarchy. Using a set of rules written down in code, they’re bringing complete transparency to consumers. Investments are less at risk, and individuals can be more informed of the strategic business decisions as they’re made in real-time.


Algorand’s foundational technology is intentionally designed to support and include all asset types for the future of finance - including Non-Fungible Tokens (NFTs). With the explosion of NFT’s bringing in a new era of digital assets, follow along for the ride.


Decentralized finance (DeFi) is disrupting the financial landscape as we know it, making financial applications more accessible and inclusive. Learn about how Algorand’s many applications, features, and use cases are enabling projects to leverage the core principles and value of decentralized technology to define the future of finance.

Algorand Foundation

With a primary goal of promoting broad participation and decentralization of the network, the Algorand Foundation is helping make the borderless economy a reality. See how this decentralized ecosystem enables the Algorand community to shape the shared future of the Algorand network.


By the end of 2022, it’s expected there will be over 700 active projects on the network. Algorand’s speed makes it ideal for many real-world applications and has many successful use cases across DeFi, NFTs, and decentralised gaming applications. Read up on some of the key factors unique to this next generation protocol.

What is DAO Tooling and How Can it be Implemented on Algorand?

The inception of the Ethereum chain in 2015 led to the rise of a new economy. It led to the rise of DAO, opening the opportunity for Defi, NFT, and many other vital features. Defi and NFT have already shown their relevance to the crypto community, and DAO tooling played a major role in the growth. 

But, what is DAO tooling? How does it work? How can DAO tooling impact projects based on the Algorand green blockchain? Keep reading for more. 

Understanding DAO

Decentralized Autonomous Organizations (DAO) is a group of crypto wallet holders, organizations, and individuals come together, creating a system for asset management and voting. The wallets control their funds without investing their funds in a bank. DAOs are not connected to a particular nation-state but leverage a smart chain.

The idea of DAO creation and tooling arose because developers wanted to eliminate the errors caused by human errors in finance. DAO allows you to interact financially with anyone globally. It leverages ETH as gas for powering transactions and other activities. 

Using autonomous systems, the networks would avoid manipulations of investments. DAOs have been highly efficient in decentralization, governance, and asset management in the past few years.  

Accordingly, DAO options provide the participant and investors with governance tokens. The governance token holders participate in project governance. Token holders can vote for different aspects of the project to enhance development and efficiency in the decentralized world. 

Looking into DAO Tooling

After understanding the idea of DAO, it's vital to know what DAO tooling is and how it works. DAO tooling refers to the various algorithmic tools that help in the proper control and management of DAO. DAO tooling involves the development of tools created for DAO by developers. When writing this report, there were already many DAO tools available.  

Already, there are tons of DAO-focused tools operating when writing this report. These DAO toolings help in launching and managing DAO. Here are the DAO tools based on subgroups; 

  • DAO Framework tools 
  • Treasury management tools. The tools help in managing DAO funds 
  • Knowledge management tools. 
  • Contribution and reputation
  • Content/product
  • Governance and voting. Tools directed connected to governance and voting
  • Discussion
  • Compensation
  • Access
  • Identity

DAO Tooling for Algo Based Projects

Algorand is a blockchain network introduced in 2019 to support various applications. This green blockchain offers scalability and security and can host many applications. However, development in the Algorand chain has not been as fast as other blockchains like Cardano, Ethereum, and BSC. However, DAO tooling can help speed up the development. 

Algorand can host new projects Defi, NFTs, and others. So, how can DAO tooling help in the growth of Algo-based projects? Here are the major ways.   

Help Projects Develop DAOs

One of the ways projects benefit from the DAO-based system. The DAO tooling available provides project developers to create and launch DAO-related projects. Development framework tools can help Defi developers to create community fostered DAO projects. 

The Algorand blockchain is under serious development, with new projects coming up every other month with xBacked being a strong example. DAO tooling can vastly help grow and develop the Algorand green blockchain and its sub-projects. 

DAO for Project Funding Rounds

DAO also has relevance in project funding rounds. Most projects require public funding rounds to attract investments. Since Algorand allows projects to build on it, the new projects will need funding rounds. 

As mentioned earlier, among the tools supporting DAO is treasury management tools such as Prismatic. Treasury management tools help in controlling the finances of DAOs. DAO tooling can help upcoming projects host funding rounds and manage the finances. Hence, all projects launching on Algorand could vastly benefit from DAO tooling when it comes to funding.

Community Management of Algo Projects

DAO has also been gaining use, especially in community management and voting. Governance DAOs use Defi tokens to help in making decisions. As mentioned earlier, token holders can vote for various decisions within the network. 

Algo-based projects can also leverage DAO tooling to help in governance. Using DAO governance and voting system, you foster more decentralization and bring in community management. Hence, it's true to say that DAO tooling can help foster Algo projects' decentralization. 

Rewarding with DAO Tooling

Of course, all projects building in the blockchain space intends to offer the investors rewards. That's not different in Algo-based projects. DAO tooling also helps solve the reward and incentive provision systems in projects.

There are other DAO tools explicitly designed for compensation reasons. These DAO projects can help other Algorand-based projects to institute rewarding and compensation mechanisms. 

Final Word

This guide has explored the idea of DAOs, and how DAO tooling can help projects on ALGO. DAOs are organizations created to automate and decentralize financial systems and project governance and voting. DAO tooling is the tool created to enhance DAO. 

DAO tooling can be very relevant in the growth and development of Algo projects. The Algorand carbon-negative blockchain is capable of hosting and supporting decentralized applications. DAO tooling can help develop from creation, funding, decentralization, and rewarding. Hence, if well adopted, DAO can vastly influence the growth of Algorands Defi space.

Written by

Adam Robertson

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