StaFi Officially joins the Polkadot DAO Alliance Established by 11 Initiators 
Published: 2021-03-30 18:35:17

About Polkadot DAO Alliance

The creation of the decentralized autonomous organization DAO has brought about an interesting unique concept on organization seeing it as the social group of gathering people together making collective efforts to achieving a common goal towards the realization of digital democracy and good decision making.
DAO has initiated a new organizational platform that is trustworthy, clarity, transparency, accessibility, interoperable, secured and composable features, to create an essential influence on how communication, coordination and allocation work in the polkadot environment. we greatly believe that DAO is the best platform for crypto society and of the economy.
here we bring forth the polkadot DAO alliance known as PDA an organization initiated by subDAO and joined together by highly established groups such as :Plasm, Phala, Stafi, Crust, Litentry, Bifrost, Patract, Darwina, Zenlink, and DeepDAO.
Polkadot DAO Alliance is a DAO alliance targeting to promote the growth & development of decentralized governance in the Polkadot ecosystem. The ultimate goal of PDA is to realize the true decentralization of Web 3.0.

Early-stage goal of PDA
PDA work ethics will rely solely on the following aspects such as: 

DAO Infrastructure Development in Polkadot

PDA will provide DAO governance services and promotion of the development of DAO infrastructure for Polkadot and other ecosystems. The Alliance will create a DAO Ecosystem Development Fund with several million dollars to provide financial support for early-stage projects of DAO and Web 3.0.

Explore the Realization of DAO Governance

Aside from infrastructure, there will be other aspects to be explored in terms of the realization of DAO governance. For instance, in the early stage of Web 3.0, we would connect Web 2.0 with Web 3.0 quickly in a way that doesn’t bring harm to the decentralization. 

Promote the Compliance Progress of DAO Globally

In the global promotion of DAO, it will be inevitable to face restrictions by local laws. Hence, it will be the priority of PDA to push the compliance progress of DAO globally and make it recognized and usable legally.


Polkadot DAO Alliance Online Summit

![Alt Text](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/5ybbxmcb7uuirf6eizaj.png)

PDA will organize its first 2-day online summit, with two panels themed Democratic Governance on Polkadot and The Present and Future of DAO Governance, on Apr. 6 and Apr. 7 respectively.

More Events to Follow;
Meanwhile, PDA will hold series of online seminars for alliance members to evangelize DAO and exchange ideas. Each seminar will invite 2 PDA members and 1 mysterious guest to join. Furthermore, there will also be offline DAO Governance Summit annually in September and October organized by PDA, who will also publish a report on DAO Development Analysis of the year.
Polkadot DAO Alliance will be an open organization and we will welcome all teams, who recognize and support DAO, to join.

About StaFi protocol

StaFi is the first DeFi protocol unlocking liquidity of staked assets. Users can stake PoS tokens through StaFi and receive rTokens in return, which are available for trading, while still earning staking rewards. FIS is the native token on StaFi Chain. FIS is required to provide security to the network by staking, pay for transaction fees on the StaFi chain, and mint & redeem rTokens.

know more here:

SubDAO: https://twitter.com/subdao_network
Plasm：https://twitter.com/Plasm_Network
Phala: https://twitter.com/PhalaNetwork
Stafi: https://twitter.com/StaFi_Protocol
Crust: https://twitter.com/crustnetwork
Litentry: https://twitter.com/litentry
Bifrost: https://twitter.com/bifrost_finance
Patract: https://twitter.com/PatractLabs
Darwina: https://twitter.com/darwinianetwork
Zenlink: https://twitter.com/zenlinkpro
DeepDAO: https://twitter.com/deepdao_io