- Founded in:
- Based in: Israel
- A DAO data platform
"DeepDAO provides insights and analysis into decentralized autonomous organizations, with the platform recently launching a new interface allowing users to better probe the health and wealth of DAOs. The platform’s data shows that a large assets under management (AUM) figure does not necessarily indicate the health and good governance of a DAO.
For example, mStable is the top-ranking project by assets under management and capital flows, however, it ranks poorly by membership and proposals — with just nine members having voted on 29 proposals in total.
The recent decentralized finance (DeFi) boom has given renewed importance to DAOs as a critical component of the cryptocurrency ecosystem, with many projects seeking to distribute governance voting rights among their users. Speaking to Cointelegraph, Eithcowich described the platform’s mission as bringing “all the DAOs together [to] provide very clear and approachable data” to inform a “discoverability engine.”
Eithcowich said that his interest in decentralized organization stems from his activist past, noting that he was “part of a movement that had decentralized ambitions” in 2008 in his home country of Israel.
However, after the organization rose to prominence as the largest party in Tel Aviv’s city council elections, Eithcowich said that power had consolidated around a small group of individuals, resulting in the exodus of many activists and the death of the movement by 2014. "We had the best intentions, but we still collapsed into a very narrow structure.""