Please describe your proposed solution.
Context and problem.
The ETHDAO or ARBDAO has proposed to withdraw the ecosystem fund with a value of hundreds of millions of Dollars or one of the effects that led to the collapse of LUNA-UST with 1 approved governance proposal. without anyone knowing and participating.
CIP-1694 has been implemented since the beginning of 2023 and achieved very good results, but the number of communities participating in official contributions is not much. At least when compared with the number of participants holding ADA through the statistics of the number of ADA stake wallets.
I also encountered this problem, when participating in the sharing and propaganda of CIP-1694 in our community. Most people do not understand what a decentralized governance system must have, what is considered a decentralized governance.
Besides, decentralized governance is extremely complex, different in the size of a project as well as the type of project. For example, the governance of an L1-based blockchain is certainly very different from that of a Dapp.
DAO documents are often only found through the project's own sources and are incompletely reported in the media. There is not a single source that describes, statistics, analyzes, and compares decentralized governance models.
Our solution
Solution 1
1.We will share knowledge about decentralized governance, DAO, and Voltaire regularly in the communities where we are admins or reputable people
Example: Cardano ADA VietNam Facebook group – 46k members
Telegram group – 550 members
Many telegram groups in Vietnam Cardano community
2. Organize mini-games to encourage the community to use Cardano DAO tool (For exp: https://summonplatform.io/)
- A very simple game like we will promote a game that the reward will be Cardano native tokens and the community will vote to choose which token will be the reward.
- This will give the community a taste of how basic decentralized governance works.
- We will collaborate with other projects or communities to join games too
Solution 2
1. We will create a set of documents about typical decentralized governance models in many forms so that the community can learn and increase awareness in the best way.
2. The document will introduce and describe the decentralized governance model of 9 projects. These 9 projects will be divided into 3 sets,
The structure of each set will include
- 2 projects are being developed on Cardano, and 1 project develops in another ecosystem.
- The articles introduce and analyze each project. (from 1-2 articles, each article has a length of 1000-2000 words)
- Articles comparing projects with each other (1 article is 1000-2000 words in length)
- Short clip introduces a project for the community to understand visually. (whiteboard clip with duration 8-10 minutes)
- Short questions for readers to check their own knowledge. (5 questions for each post)
- Live sharing and answering livestream (1-2 hours per session)
Solution 3
To increase efficiency and spread, we will cooperate with other projects and communities through forms such as:
- Collaborating with other projects to make clips
- Cooperate in posting articles
The impact
- The knowledge in the aggregate and diversity helps the community have a comprehensive view of decentralized governance.
- Once understood, it also means that people will actively participate in decentralized governance.
- Using the DAO tools ( like summonDAO tools, etc.,) will not only help the community get acquainted with on-chain voting but also introduce DAO tools developed on Cardano.
- The mini-games will help evaluate how effective the implementation of DAO tools of decentralized governance is in small communities and the cooperation between communities or projects.
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
This proposal address the challenge criteria below:
Number of Communities engaged in collaboration using Cardano DAO creation tools
If this proposal is approved, it will have the following benefits:
- Help the community have knowledge and insight into decentralized governance. Thereby everyone can participate in contributing and building for Cardano-Voltaire
- Knowledge will help the community understand the project they are investing in, helping them make more informed decisions.
- The division into sets also makes it easy for learners to track and compare. This will make it more efficient to read-only documents from the project's source.
- The expression of diverse knowledge in different forms will also serve the needs of each person at different times.
- The community will also be introduced to the decentralized governance model of projects that developing on Cardano.
How do you intend to measure the success of your project?
- Number of participants using Cardano's DAO tools
- Number of Cardano projects with good decentralized governance model introduced to the community.
- Number of interactions with articles, clips, social media channels.
- Number of collaborative projects or communities
Please describe your plans to share the outputs and results of your project?
- Our websites: Articles will be published on our 2 websites (vcoincheck.io and cardanolibrary.net)
- Cardano community official site: https://www.essentialcardano.io/
- Youtube: posted short clip, live stream clip (Vcoincheck and Whiteboard Cardano channel)
- Social platforms: We share activities, project information through social networking platforms
Twitter:https://twitter.com/VCoinCheck
Telegram: https://t.me/ADA_VIET
Facebook: https://www.facebook.com/groups/cardanoviet
- Cooperation with other partners: We co-develop this proposal with 2 other projects also funded by catalyst.