Inspired by the governance model of Tezos, StakerDAO is a newly launched platform for governing financial assets. It will manage DeFi application (Decentralized Finance) with the possibility for STKR holders, to vote through decentralized, on-chain governance. What's that? To put is simple: STKR holders will be able to influence the path and evolution of StakerDAO. STKR holders can vote which council members will select projects and DeFi applications that will be build. STKR holders won't be voting for applications directly, but they will democratically select the people who decide what are the best DeFi applications to gain value for StakerDAO and it's token holders. The STKR community will be able to propose ideas, which can be selected for a formal proposal. After that, there will be an evaluation phase, where the STKR community can take part in the discussion about the formally proposed ideas. These discussions will take place in the Staker Agora discussion forum. The on-chain selected council who will make the final decision, can get a feel for community sentiment during this evaluation phase. Once approved, the proposal will be executed. This process will be repeated over and over again, adding new applications after every cycle.

The StakerDAO voting system is intended to be launched as early as in the end of 2019. DeFi applications that can be voted on should be announced in Q1/ Q2 2020.

The projects main investor is Polychain Capital. Polychain Capital is a large player in the world of cryptocurrency protocols and companies investments. 

Polychain Capital was an early investor in MakerDao, which was the primary inspiration for StakerDao.

While MakerDAO is built on ethereum, StakerDAO will live on the Tezos blockchain. 

“Tezos is by far the best-structured blockchain for managing governance over the long-term,” said StakerDAO Founder and CEO Jonas Lamis. “We think it’s going to be the [most] stable blockchain for long-term governance.”