Proposal: Solution to Improve DAO Governance Efficiency

Governance Proposals
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  1. Motivation:

I believe Frax Finance DAO is very serious about the its Governance Process and involving community in making key decisions as evidently by the amount of work has go into this document (Frax Finance Governance Process)

I’m a co-founder of Syncvote. I believe our tool can add tangible value to the implementation of Frax Finance DAO’s governance process without any changes to the current setup. The goal is to let admins and members focus on making decisions instead of getting lost in tech stuff.

  1. Problem Now:

I see 3 existing problems in implementing Frax Finance DAO governance process:

  1. The proposer must remember all the technical details of the governance process to avoid making mistakes.

  2. The proposer has to bounce around different platforms, such as Frax Finance, for each step of the process.

  3. Any solution that could potentially consolidate everything into one platform for consistency and ease of navigation would require the DAO to abandon its current setup and adopt a new one.

  4. How We Solve It:

Syncvote is a chrome extension that can provide a unified front-end for any DAO member that wants to make a proposal to Frax Finance DAO. It acts like a central hub, no more bouncing between different platforms. Members can kick off and handle proposals, watch progress, and move through stages – all in one interface.

Why Syncvote will fit nicely into the current Frax Finance DAO practice:

  1. Non-invasive, there isn’t any new platform to familiarize with, just open the extension and click “start new proposal” to start.

  2. The extension works with all the platforms DAO has been using, so you don’t need to make any changes to your current setup.

  3. It’s free, our goal is to eventually put every DAO to operate completely on-chain, so until Frax Finance DAO decides to write data on-chain; it won’t cost you anything.

My co-founder’s created this video to illustrate how the plugin works for a DAO: Syncvote Demo

  1. Next Steps to Implement:

To implement this transformative solution for Frax Finance DAO, we propose the following steps:

  1. After the proposal has been passed, I will convert the Frax Finance Governance Process into a format compatible with Syncvote. An administrator/coreteam member can help me to follow-up and also check its accuracy.
  2. After that, Frax Finance DAO will start announcing to community members on forum, announcement channels on discord and twitter Frax Finance that they can start using Syncvote extension to make new proposals from then on.

In conclusion, I see this as a straightforward implementation that helps to smooth governance experience for Frax Finance DAO community members. I would be grateful if Frax Finance DAO adopts Syncvote.

Thank you for reading my post. I would like to have your feedback on this topic.

Godwin.

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Hi, have you looked at the frxGov solution which is in the process of being deployed? We’ve formalized a lot of the services here with the new gov structure.

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hi @ssmccul , currently I’m looking at this gov process: Frax Governance Process - Governance Proposals - Frax Finance Governance. It looks like an official one.
However, it seems like it is not the one that you mentioned. Could you send me a link to that? I would love to discover more.

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Hello mates,

I would love to have some of your comments on the topic. The proposal aims to make the governance process be something easy for every community member to take part in.

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Morning mates,

I want to emphasize that Syncvote is designed to bring tangible value to DAO operations. I see there’s no feedback and suggestion for a while, so just come again to ask about your thought on Syncvote.

After the last post, Syncvote has improved some UI features to smooth community member’s experience on DAO’s governance. I think that a demo would be a good way to show how Syncvote could fit for Fax DAO’s operation

Could you suggest any idea on that? I would love to discuss more for FraxFinance,

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Hey Godwin,
Thanks a lot for participating in our Governance process. I think your product can be useful for active participants of our DAO, But since it is a tool that can be used parallel to what we have at the moment in our governance process, I don’t think that it needs a governance proposal. I would be happy to have a call with your team to see how we can incorporate your tool for interested participants.

Thanks

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hey @amirnader , thank for feedback.

For Syncvote plugin to work properly, it requires API key to connect to the tools that DAO is using. Thats why I think it needs governance proposals to pass on.

I would be happy to have a call with you too. Please drop a message to my discord: 909746462861176882, so we could arrange the call to discuss more.

Look forward to that,

Thanks

1 Like