Summary
Few months ago Alchemix enabled Governance delegation with the goal of improving vote participation and further decentralizing the DAO.
Karma is a powerful tool for DAOs that enables the onboarding of governance contributors and delegates, and allows them to manage their profiles. It indexes contributions from various sources such as Snapshot, Forum, and Discord, and presents the resulting data in a public dashboard. This data-driven approach to governance enhances accountability and streamlines decision-making processes for not only delegation but other use cases such as voting power allocation, permission granting, and contributor rewards.
We would like to integrate and setup a Dashboard for Alchemix to help the DAO realize this goal.
A few notable implementations are:
- Delegation Dashboards for Starknet, Gitcoin and Optimism. You can find all the DAOs we work with here.
- ENS and Gitcoin DAOs use Karma’s discourse forum plugin to display the governance stats of DAO participants inside their forum.
- dYdX uses contributor dashboard to incentivize participation in their DAO
Details
The implementation of the product suite requires 4 steps explained below: 1) Indexing contributions, 2) Contribution scoring, 3) Custom contribution dashboard and 4) Activation/automation. Details of each component are provided below:
1) Indexing Contributions
Karma can index Alchemix DAOs sources relevant to DAO governance contributions. These can include (but are not limited to):
- Voting contract
- Snapshot
- Forum
- Discord
2) Contribution Scoring (optional)
For a simplified review of governance activity and possible follow-up actions (e.g. allocation of voting power), Karma aggregates different contribution data and calculates respective scores.
An example of the scoring model used by Gitcoin can be found here: https://github.com/show-karma/reputation-scores/blob/main/src/score/gitcoin-health-score.provider.ts. Final scoring results can be seen here: Gitcoin DAO Contributors Leaderboard
Note: As governance contributions vary from DAO to DAO and have different significance to them, the scoring will be customized in close coordination with the DAO. The scoring logic is open source so that the DAO can audit and verify the scores at all times. The aggregated data is exposed through APIs and can be freely integrated with other applications as needed.
3) Actionable Insights via custom Contribution Dashboard
A custom dashboard (hosted on Alchemix DAO’s subdomain) will be set up to display contributor stats.
Features of the custom dashboard include (but are not limited to):
- Contributor details (ENS, Twitter, Forum, Discord Handle)
- Delegation Pitch
- Voting stats, history and voting reasons for each proposal
- Forum stats
- Contribution Scores (optionally)
- Delegate directly from the dashboard
4) Activation / Automation
Once the dashboard is implemented, governance participants can sign up on the site. DAO can perform various actions based on contributor activity such as. distributing rewards, allocating voting power or issuing permissions.
Note: Karma is fully composable and believes in the power of DAO Governance Legos. The Karma system is also modular and can be extended as desired, e.g. additional sources for tracking.
Team Members
Mahesh Murthy (Founder of Karma) - Twitter, LinkedIn
Andre Mury (Full stack dev) - Linkedin
Arthur Ulhoa (Backend dev) - Linkedin
Amaury Maghales (Frontend dev) - Linkedin
The contact person for this project will be Mahesh Murthy. My contact information is mahesh@karmahq.xyz and Discord handle is mmurthy | karmahq.xyz#4254
Funding Milestones and Payments
Milestone 1 (2 weeks)
Identify all the sources of integration (tracking) and agree on the approach with the team. This will include Snapshot, Forum, Discord and anything else the DAO would like us to index.
Deliverable: Shared Doc with the outlined tracking and scoring requirements.
Payment: Not required
Milestone 2 (2 weeks)
Implementation of custom Dashboard that will allow delegates to sign up and add their info and token holders to delegate their tokens.
Deliverable: Handover of custom Dashboard incl. accountability thread in forum to update the community and collect feedback.
Payment: $10k for setup and maintenance for one year.
Accountability
We will create a thread on the forum and post regular updates on progress. We will share relevant docs and links to the dashboard as soon as it is up and running. We will attend community calls to update the community on our progress.
Useful Links & Media
Home page: https://karmahq.xyz/ 1
DAOs we currently support: karmahq.xyz/daos
Twitter: https://twitter.com/karmahq_
