What Is DAOS.FUN And How Does It Work?
A growing Solana-based platform DAOS.FUN connects Twitter personalities with retail crypto investors. The platform, managing $1.5 billion in assets from 51,000 users, brings a new approach to crypto fund management.
Twitter users become fund managers through a simple process. After messaging @daosdotfun, approved creators get one week for fundraising. All investors buy tokens at the same price in what the platform calls a "fair launch." If fundraising fails, all SOL returns to investors.
The platform splits collected funds between trading and liquidity. Ninety percent goes to the manager's trading wallet for investing in Solana protocols. The remaining 10% creates a permanent liquidity pool locked on DAOS.FUN where investors can trade tokens anytime.
Current market data shows significant activity. The largest fund, ai16z, reports $1.29 billion in assets with 1.6 million percent returns. AICC, another major player, shows 133,000% gains on $124 million. These returns stand out even in volatile crypto markets.
Fund managers remain anonymous, identified only by Twitter handles. The platform offers a "gold checkmark" verification system but operates outside traditional finance regulations. No investment licenses or real-name verification required.
At fund expiration, token holders get two options: burn tokens to claim underlying assets or sell on the market. This provides flexibility for exit strategies while maintaining liquidity through the locked trading pools.
New features plan to expand fund capabilities. Starting Q4 2024-Q1 2025, token holders will vote on minting new tokens for fundraising, paying exchange fees, or permanently burning the mint authority. This adds flexibility but also potential dilution risks for investors.
Successful funds must trade only on Solana protocols, though managers choose specific strategies and tokens. The platform shows growing weekly volume with new funds opening regularly. As crypto finance evolves, DAOS.FUN represents a new model connecting social media influence and investment management.
Case Study: Aiccelerate DAO Launch
A recent launch on DAOS.FUN shows how the platform operates in practice. Aiccelerate DAO (AICC) raised 943 SOL ($175,000) from 245 invited users. The fundraising split between VIP investors ($75,000) and smaller participants who contributed up to 2 SOL each ($100,000).
The fund's market cap reached $150 million after launch - about 1,000 times the initial raise. This growth sparked controversy when early investors started selling tokens immediately after launch. Unlike traditional fundraising platforms, DAOS.FUN has no built-in vesting or lockup periods.
One early investor turned 5 SOL into $2 million worth of tokens. This case highlighted a key platform feature - instant trading through liquidity pools lets investors exit as soon as trading starts.
The controversy led to calls for platform changes. Investors suggested DAOS.FUN should add vesting periods or token lockups to create more fair launches. Currently, the platform's only protection is the 90/10 split between trading and locked liquidity.
