Shiba Inu Doggy DAO: Everything You Need To Know

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January 25, 2021: Updated to include more details about the Doggy DAO from blog posts and the AMA event.

After being tucked away towards the end of the Shiba Inu Coin WoofPaper, the SHIB development team confirmed in the SHIB AMA that the Doggy DAO is coming soon.

The SHIB Decentralised Autonomous Organisation (DAO) is key to what the document describes as a “true decentralised ecosystem”. With the SHIB ecosystem set to expand with the Shibarium Layer-2 and Shiberse metaverse project, the Doggy DAO is yet another project on the growing Shiba Inu Roadmap.

Set to put more power into the hands of the ShibArmy, here's everything we know about the Doggy DAO so far.

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What Is The Shiba Inu Doggy DAO?

The SHIB Doggy DAO will be a decentralised organisation controlled by the Shiba Inu community (the ShibArmy) that will have an influence on the future of SHIB.

Powered by the BONE token, members of the Doggy DAO will use this as a governance token to vote on proposals. “The more BONE you hold, the more weight your vote carries in these future endeavours,” said the WoofPaper. Users must stake their BONE to gain tBONE for these votes.

The Doggy DAO will also let members use BONE to vote on future ShibaSwap pairings.

However, the DAO is not fully decentralised. Nine 'Guardian Wallets' will have the final say on new ShibaSwap listings, claiming this is "to key in the factor of someone truly gaming the system."

While the Doggy DAO garnered criticism for its use of SHIB over BONE, Shiba project lead Shytoshi Kusama defended the use of BONE, as it prevents large exchanges or whales from having too much power in the DAO.

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Given the ShibArmy has not been one to shy away from expressing its thoughts in the past, the now one-million strong community has a strong opportunity to shape the Shiba Inu ecosystem. But when can they expect to join in?

Shiba Inu Doggy DAO Release Date

The Shiba Inu Doggy DAO will release in 2022, with Phase 1 set to launch the DAO as a beta first.

This was first revealed in the Shiba WoofPaper. “[BONE] is a Governance token which will allow the ShibArmy to vote on proposals for 2022,” said the WoofPaper.

According to the Shiba blog, the DAO will launch in a phases, stage-by-stage approach. The first stage will focus on the ShibaSwap pairings, while additional phases will add extra features and "complexities" to the governance system.