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About daos.fun
daos.fun is a creator-funded smart wallet protocol that enables DAO token holders to pool funds and invest collectively under special rules. Its core narrative revolves around "degen-managed hedge funds," where creators launch DAOs to raise capital and trade tokens. The platform gained attention for pushing DAO, ICM, and AI-related trends within the Solana ecosystem.
The main problem it addresses is the lack of transparent, community-driven investment vehicles in crypto, offering a structured way for token holders to delegate trading decisions. However, the model has structural flaws: markets are largely speculation-driven, and post-funding behaviors like token dumping or self-buying have undermined trust.
In the past six months (March to September 2026), the project has faced significant setbacks. In April, founder baoskee announced the team had stopped launching new DAO products, citing speculative markets and governance issues. In August, a public dispute erupted when co-founder Shaw accused baoskee of insider trading on ai16z tokens, allegedly profiting $66.55 million (or $6.65 million per some reports) from selling 42.18 million tokens. Baoskee denied the claims, counter-accusing Shaw of rug-pulling multiple pump.fun projects under the ai16z brand. Despite the controversy, baoskee noted the whitelist mechanism, though disputed, was part of an "interesting experiment," and expressed continued optimism for Solana's financial gaming innovations.
In September 2024, daos.fun launched on mainnet as a Solana-based meme fund launchpad, emulating fund mechanics through fundraising, operation, and redemption phases. In October 2024, its popularity surged with the ai16z project, drawing widespread attention. In February 2025, the platform introduced Founder DAOs, a KickStarter-like decentralized fundraising DAO supporting projects in art, AI, and finance to raise funds and govern via token communities, expanding its use cases. In August 2025, founder Shaw accused core member baoskee of insider selling ai16z for ~$6.6 million during a rename/migration, sparking governance and transparency disputes. In April 2026, founder baoskee announced the team had stopped launching DAO products, admitting the market was largely speculation-driven and the "degen-managed hedge fund" model had structural flaws, including post-fundraising dumps or self-buying, marking a phase-end for the platform.
As of the search cutoff, no reliable major progress or official roadmap updates for daos.fun between 2026-03-07 and 2026-09-07 were found. The platform has not published verifiable development milestones or future plans within this period. Based on available information, daos.fun appears to have ceased active operations, with its founder stating that new DAO launches have stopped due to market speculation and structural flaws in the "degen-managed hedge fund" model. No credible sources confirm ongoing development or a clear future roadmap.
Founder: Bao Mai (also known as Baoskee), currently Founder of daos.fun. Previously worked as a Software Engineer at Kong Inc., Design Engineer at DaoDao and JunoSwap, Product Engineer at Compound, and founded Scalesheets. Graduated from UC Berkeley.
No reliable information on other co-founders or current core executives.