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Lesson # 5
Building & Growing a Successful DAO Community
Blockchain Basics
1. Which of the following is a key reason community engagement is essential in DAOs?
A. It increases token price
B. It enables effective collective decision-making and governance
C. It reduces the need for smart contracts
D. It ensures DAO registration is faster
2. What role do "Champions & Leaders" typically play in a DAO community?
A. They write smart contracts
B. They vote on proposals occasionally
C. They lead working groups and submit proposals
D. They focus on staking rewards
3. Which combination of tools is commonly used by DAOs to manage proposals and governance?
A. Discord and Telegram
B. Discourse for discussions, Snapshot for voting, and Gnosis Safe for treasury execution
C. Notion and Figma
D. Coinbase Wallet and Etherscan
4. What is the main difference between grants and bounties in DAOs?
A. Grants are only for developers, while bounties are for designers
B. Grants fund larger projects with proposals; bounties reward smaller, specific tasks
C. Grants are anonymous; bounties require KYC
D. Bounties are free, but grants require tokens
5. What was one major step Aave took toward decentralization?
A. It shut down its forums and moved to Telegram
B. It converted to a private company
C. It transitioned multisig control to community-elected delegates
D. It stopped accepting community proposals