{"id":339437,"date":"2021-09-15T07:45:56","date_gmt":"2021-09-15T04:45:56","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/primedao-raises-2m-to-build-cooperative-platform-for-daos\/"},"modified":"2021-09-15T07:45:56","modified_gmt":"2021-09-15T04:45:56","slug":"primedao-raises-2m-to-build-cooperative-platform-for-daos","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/primedao-raises-2m-to-build-cooperative-platform-for-daos\/","title":{"rendered":"# PrimeDAO raises $2M to build cooperative platform for DAOs"},"content":{"rendered":"

“# PrimeDAO raises $2M to build cooperative platform for DAOs <\/strong>”
\n<\/p>\n

PrimeDAO, a project seeking to facilitate greater coordination and cooperation between decentralized autonomous organizations (DAOs) in the DeFi sector, has secured $2 million in seed funding.<\/p>\n

According to an announcement shared with Cointelegraph, the round featured participation from notable DeFi investment funds including Signum Capital, LD Capital and Stacker Ventures.<\/p>\n

The funds will be used to develop the \u201cDAO2DAO\u201d (D2D) product suite for PrimeDAO, with the platform set to feature a \u2018Negotiation Interface\u2019 designed to enable coordination between DAOs. <\/p>\n

The platform will allow the creation and ratification of agreements between DAOs featuring on-chain conditions. D2D will also enable DAOs to hold shared ownership over common assets, execute joint ventures, and collaborative liquidity pools. <\/p>\n

PrimeDAO will partner with Balancer and DeFi Safety to build out the platform. The team will also develop a seed and IDO-style token launch platform alongside Balancer. The platform, dubbed Prime Launch, is slated for launch before 2022.<\/p>\n

PrimeDAO was launched in the fourth-quarter of 2020 describing itself as \u201ca collective of DeFI builders, token engineers, and governance specialists.\u201d The entity published a litepaper in September 2020 describing its plans for a \u201cdecentralized ecosystem coordinator\u201d platform and liquidity aggregation protocol.<\/p>\n

While PrimeDAO is currently building on Ethereum, the team plans to enable cross-chain collaboration via D2D in future.<\/p>\n

On Sept. 14, the team announced<\/a> an overhaul to its governance platform, with PrimeDAO abandoning DAOstack\u2019s Alchemy platform in favor of combining Snapshot and Gnosis Safe accessed using Boardroom.<\/p>\n

Related: <\/em><\/strong>DeFi regulation must not kill the values behind decentralization<\/em><\/strong><\/p>\n

Last month, PrimeDAO also wrapp<\/a>ed up its \u201cRate-athon\u201d event<\/a>, which encouraged users to contribute to its Prime Rating platform in anticipation of its V2 release.<\/p>\n

From July 4 through July 15, the event saw the community submit 63 ratings for various DeFi projects through analysis of fundamentals and smart contracts. The equivalent of $15,000 was distributed to contributors who participated in the event.<\/p>\n