Please describe your proposed solution.
The Catalyst community could find it difficult to find a good dRep that is truly representing their opinion. People actually don’t want to take the time to analyze every project seriously to vote well, and they would prefer to delegate to an actively involved dRep. Sadly, there’s a lack of good description of the dReps, and there are several new ones that appear.
The main issue that we found was that it is really hard to find the different dReps, even with some research, there is no information about the different dReps and their purpose.
Our goal is for now to try to group the information about the different dReps by making them come to us, we would like to incentivize the different dReps to come and give us some of their information by the bias of a form that they will need to fill up. All the info will be summarized in a doc or/and an Excel file that will be shared to the community and visible for all.
In our opinion, this will bring a lot more voters to delegate their voting power since the information on “Who is voting with my name?” will be very clear and accessible for everyone.
For the marketing and advertising of the website, we have a few ideas in mind :
- During the TownHall, we want to be speakers so we can talk about our project and incentivize some dReps to come to us
- Use the help of the Challenge team of the dRep challenge to do some communication and help us contact some existing dReps
- Being shared by the dReps themselves
- Talk about it when presenting Catalyst in other proposals or contexts
It will be beneficial for the dReps to come to us so I think if we do our communication well we shouldn’t have any problem to group them. Moreover, there are around 300 dReps, the ones that will follow up on us would be the most active ones and will be much more exposed to the community.
Projects for the Future :
Our vision for the future funds would be to create a website that groups all of the dReps that we have worked with with some information and details.
The second option would be to collaborate with Catalyst and add the information that we gathered on the voting app, so everything is 100% open and accessible for everyone and the dReps would have much more visibility.
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
“How much did it contribute to increasing the number of delegates to dReps?” This is a key metrics of the success of this year's challenge around dRep improvement. We truly believe that our project can be the main solution for bringing a great answer to this question.
We also believe that this project can be a really amazing dRep related initiative that will improve the Catalyst ecosystem.
Our solution will make it easier to understand and to choose where to delegate the vote. Delegating a vote can be difficult because of identity. People don’t want to give their voting power to someone that is not representing their opinion well. Unfortunately, they don’t necessarily have the time to analyze the projects to vote with their own beliefs. Doing a website that is bringing them light on the existing dReps, their impact and main beliefs, and why it could be interesting, would definitely allow the Catalyst community to be more involved through its voting power, without having to take too much time.
To finish, the fact that there are more dReps and votes can be a kind of “good pressure” for the proposers, that could incentivize them to bring quality to their proposals in the next funds, which is also good for the Catalyst ecosystem.
How do you intend to measure the success of your project?
We will measure the success of the proposal based on several aspects :
- The number of dReps found
- The diversity of expertise domains from these dReps
- The accuracy of the information (how truthful it is)
- The feedbacks given from the community about the planned project for Fund 11
Please describe your plans to share the outputs and results of your project?
We will share the Excel sheet with all the data gathered from the contacted dReps (contact, their domains…)
We will also share information about how our researches are going through the monthly reports as well as gather all the information on the closing report / video. We’ll also explain the methods we used to check the information if those are not publicly published (for instance, we checked the diploma of a dRep owner, but he doesn’t want to share his identity).