TL;DR
You can think of the Renpo DAO like a decentralized take on a credit union that lends exclusively to on chain early stage projects.
The renpo community is largely made up of founders looking for capital for their new product and founders that “made it” and now want to use the money they earned to give back to the ecosystem.
For Founders
Pitch your project to a member of the DAO, or share to the online application.
Find DAO members that are interested in funding the project
Determine the terms of the loan with the investors.
Capital will be put into a mango locker and unlock as you build.
Build! Every time you hit a milestone new capital injection will be released from the mango locker.
For Investors
Join the DAO and learn about interesting new projects.
Find a project that you’d like to see come into the market.
Determine the terms of the loan with the Founder.
Send funds to the mango locker to be unlocked at each milestone
Check in on the team, see if your network can be useful to them, but most of all, get out of the way and leet them build!
The purpose of this process and structure is to enable capital to move quickly, builders to not have to stress and investors to get access to some of the best projects growing in the ecosystem.
If you’re a founder looking for more information for how to get the process started, please head over to the founders page. If you’re an investor, please head over to the investor page.