Not the first but surely the most influential investment DAO, ConstitutionDAO started as a joke after Dame and other members of Gas Station discovered that the U.S. Constitution is being auctioned at Sotheby’s -- and quickly escalated into a 72-hour fire drill that raised $47 million to bid for the Constitution and ultimately lose to the literal Grinch, Ken Griffin. ConstitutionDAO set the bar high for viral crowdfunding (WAGBTC), and lives on as a meme coin with a market cap of nearly $1 billion.
The ponzu that launched a thousand forks. OlympusDAO is a bold experiment that seeks to create a decentralized reserve currency -- backed by a treasury of assets. They coined the term “Protocol-Owned Liquidity”, were the inspiration behind DeFi 2.0, and pioneered the concept of discounted bonds. They also created the (3,3) meme that spawned a million renditions that can be seen in any CT profile right now.