Please describe your proposed solution
Problem Perception:
- The problem you’re addressing is the inefficiency and lack of transparency in communication, decision-making, and governance within DAOs and Stake pool communities.
- Specifically, community members struggle with:
- Limited channels for feedback and proposals.
- Unclear decision-making processes.
- Lack of engagement from DAO/SPO with token holders/delegators.
Approach Rationale:
- Integration: Embedding Tempo directly into community websites ensures a seamless experience for users.
- Transparency: On-chain voting records maintain transparency.
- Off-Chain Voting: Reducing costs while maintaining community engagement.
- Customization: Allowing each community to set its own rules.
Unique Aspects of Our Solution:
- Dual Voting Mechanism: Supporting both on-chain (Cardano blockchain) and off-chain voting.
- Token-Based Voting Power: Calculating voting power based on token holdings/delegated staking amounts. Tokens need not be locked; the DAO can configure how to calculate voting power, whether based on tokens held solely in wallets or including tokens in wallets, farms, boots, and liquidity pools
- Community-Specific Rules: Customizable governance rules for each community.
- Seamless Integration: Tempo becomes an integral part of community websites.
Key Features: The essential features of Tempo include
- Community Governance Setup:
- Establish community rules within Tempo.
- Define governance tokens, eligible proposal creators, voting participants, and quorum thresholds.
- Temperature Checks and Community Feedback:
- Polls allow community members to gauge sentiment and gather feedback before formal proposals.
- Comments enable ongoing discussions, suggestions, and clarifications within the community.
- Create Proposals:
- Token holders seamlessly create polls and proposals directly within their community website.
- Transparent On-Chain Voting:
- Voting takes place on-chain, ensuring immutable decisions.
- All voting records are stored transparently on the Cardano blockchain.
- Flexible Voting Methods:
- Off-chain voting options provide cost-effectiveness for less critical decisions.
- Tailor the voting approach based on the nature of each proposal.
- Token Holder Influence:
- Token holders and delegators actively participate in decision-making.
- Voting power is calculated from tokens held in wallets, farms, boosts, and liquidity pools in DEXs such as Minswap, WingRider, VyFinance, Spectrum, Muesliswap, Sundaeswap,… (based on DAO settings).
- No locking of tokens is required, encouraging continuous participation.
- Efficient Governance:
- Proposals are discussed, voted upon, and efficiently implemented.
- SPOs use voting outcomes to adapt pool rules based on community preferences (e.g., adjusting rewards, parameters, or policies).