Please describe your proposed solution.
We are essentially building https://deepdao.io/organizations for Cardano and adding an index which measures how decentralized and autonomous an organization is by synthesizing relevant data points.
For each DAO operating on chain and the Cardano DAO ecosystem at a whole; we will measure:
- Total Assets under management
- Governance token holders
- Active voters and proposal makers
- Decisions
- Votes
- We will also have the capability and need to measure other metrics, but this is just an initial list. It might even be beneficial to use web2 APIs to gather further information on a DAOs operations.
We will then create a formula using these metrics and other metrics (Ideas below) to create a quantifiable metric that measures the decentralization ratio, automation index, and governance index. It is important to note that this is an early idea and we want to have community interaction, feedback, and participation when building this Index.
The list below is just some early ideas of things to think about in each category. We will continuously be iterating on this proposal to try to accomplish the goal of creating a metric that helps to provide a fair understanding of how decentralized and autonomous a DAO is.
Clarity Index
- Decentralization ratio
- Revenue distribution
- More to come from upcoming IOG whitepaper
- Distribution of ownership
- Automation index
- How much of your processes require manual intervention
- How defined are the processes
- How automated are the above processes
- Are middle men needed?
- Governance index
- Proof of community
- Level of activity
- Individuals involved in pull requests
- Diffusion of Activity
- Governance token holder
- Active voter and proposal makers
- Decisions made
- Votes cast
Please describe how your proposed solution will address the Challenge that you have submitted it in.
This informative dashboard will increase the number of communities engaged and informed in collaboration using Cardano DAO tools.
This informative dashboard will help educate and thereby increase the amount of ADA coming from DAOs transaction fees.
This informative dashboard will help communicate the number of DAOs that use Cardano as a governance/management chain.
This informative Dashboard will bring a Cardano competitor to DAO information products that operate on Ethereum and other chains.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
Creating and connecting to the APIs to query the correct data on the chain
To mitigate this risk we are actively communicating with the Engineers of the Clarity Protocol who are contributing by creating APIs so anyone can access this on chain data.