Hello Alchemix,

Summary:

By partnering with Commonwealth, Alchemix would experience an upgraded ecosystem platform specifically built for this community. Commonwealth is looking to increase the amount of decentralized communities that are on the Common platform.

Abstract:

A governance platform with more capabilities than Alchemix current processes will allow this community to get more done and inevitably grow the Alchemix ecosystem. I am proposing that Alchemix move their governance & general community activities to Commonwealth where this community will be given more tools to grow the Alchemix ecosystem. The major changes are as follows:

  1. Organize all of the community activities that Alchemix does to increase efficiency and expand higher community engagement rates into more areas of governance. I.e.: bucket all hiring activities, discussions, governance proposals, , etc. into unique channels.
  2. Create a community fund built into the governance platform where Alchemix community members can invest in projects that they determine to benefit the Alchemix ecosystem.
  3. Efficiently reach more of the community and expose more on-chain, off-chain, and member data to allow the entire community to make informed decisions.

Commonwealth isn't just a governance interface, it has the capabilities to become the decentralized hub for all of the community activities taking place within Alchemix. Commonwealth is already doing this with a couple other decentralized communities.

Key Feature Upgrades:

  • Crypto-native discourse with an integration to Snapshot voting, staking dashboard and other new features to Alchemix's governance.
  • In-depth transparency & analytics for both thread activity and profiles. Profile transparency includes forum activity history, past votes, and more.
  • On-chain integrated governance dashboard built specifically for decentralized communities. Everyone can receive notifications if they want to and Commonwealth can integrate with Telegram and Discord.

What is Commonwealth?

A few stats / facts:

  • Is already the go-to-governance interface in the Polkadot Ecosystem, onboarding an average of 1 parachain per week since 2021.
  • We are rolling out the solution to the Ethereum Ecosystem. The founders of Opyn, SportX, Marlin Protocol, Injective Protocol, Showtime, and many more are in the latest round and will be using Commonwealth as their governance experience, as we roll out to the ecosystem.
  • Have a growing network effect and have 5k+ signups in alpha and a waiting list of 100+ additional communities that want to use Commonwealth.

Next Steps

The Alchemix team get in touch with Commonwealth to build a testnet on the Commonwealth platform and get the Commonwealth team to build any custom features that the Alchemix community wants to see in the new community forum. Once that's done the existing forum data would be migrated over to Commonwealth.

Should Alchemix test out Commonwealth?

Right now we use Discord, this forum site, and snapshot. It's a fairly simple workflow of discussion (Discord) -> proposal (forum) -> vote (snapshot).
1) By adopting Commonwealth, how would this workflow change?
2) How exactly does this benefit users? Your first three major changes all seem like things we already have, and the "Key Feature Upgrades:" seem fairly vague. More details would be appreciated.
3) How would Commonwealth store/access/transmit data? If it is a middleman is it possible that it could corrupt/change data?

Thanks for the great questions! I'll answer these in-line:

1) By adopting Commonwealth, how would this workflow change?

This workflow will only get easier. You will do all discussion and proposals in one forum. On the specific threads, you will see all discussions for the topic. Additionally, voting is only one additional click. While voting you can also check the governance activity (comments, votes, etc.) of those submitting, commenting, and voting on the proposal. In short, you go from 3 sites to one and have easy transparency and tracking along the way.

2) How exactly does this benefit users? Your first three major changes all seem like things we already have, and the "Key Feature Upgrades:" seem fairly vague. More details would be appreciated.

Ultimately, we make it really easy for anyone to participate in governance for any project. A couple clicks can get you to the governance forums and proposals for a range of projects. I've listed out our core functionality below, but are also a crypto-native tool with a team of 30 actively improving this every day. Discord and Discourse aren't even crypto tools and have made no indication at improving the functionality for crypto users.

Feature Overview

  • For Alchemix Core:
    • Four Tools in One: We are a crypto-native discourse, with an integration to Snapshot voting, staking dashboard, and more.
    • Staking Dashboard: Along side governance and discussions, we can offer a full staking dashboard. And include chain notifications when you earn a reward / get slashed and more. See Example on Previous UI.
    • Off-chain to on-chain governance integration: We have full on-chain governance support already for COMP, AAVE, & Substrate Governance. We're able to quickly turnaround (2 - 3 weeks) any customization necessary.
    • Integrations with Existing Social Channels: We allow you to create webhooks across Telegram, Discord, Slack, and Element to automatically show new proposals and more.
    • Full Community Analytics: New Address, Forum Posts, Visits, as well as % of Token Holder Participating
  • For Alchemix Ecosystem Projects:
    • Same "full stack" community experience: We can offer the same all-in-one experience of on-chain governance and more
  • For token holders:
    • In-App & Email Notifications: We give all users on-chain notifications in-app, through email, allow users to subscribe to watch interesting on-chain events such as votes and large trades.
    • Profiles: Explore the voting history, discussion history and on chain activity for any Alchemix holder.

3) How would Commonwealth store/access/transmit data? If it is a middleman is it possible that it could corrupt/change data?

We are a blockchain project ourselves, built on the Edgeware blockchain. All activity is tracked on-chain preventing corruption.

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