Please describe your proposed solution.
We will generate an underprivileged DREPs campaigning center, for 5 DREPs that will have to apply, contest and be voted by the community (LATAM).
In F8, the total registered Stake was ADA 3,680,777,012 that means that 1%=36,807,770 each DREP should get as delegation in order to be Saturated and optimize de System.
If we consider that in that same Fund, in a Challenge such as Developer Ecosystem, that awarded ADA 1,000,000. The Average positive voting for a proposal to WIN was ADA 151,600,000. then it makes sense to support and help those 5 DREPs to help and vote for the proposals that the underprivileged countries cares the most, securing its representation in Catalyst.
The Campaigning center will act as the DREPs office, coordinating their agendas, looking to create bridges and connections for places to promote their candidacy and ideas. Organizing events, talks and marketing campaigns for those ideas to reach the proper audience.
A webpage will be created to support the candidacy, explaining the DREPs background, expertise, focus in Catalyst and intention of voting in F10.
Also this center will be reporting on the progress, results and actions taken, so the community can also be engaged and aware of the status and good use of the funds.
After the voting, the center will make publicly available all the DREPs votes, and how the funds where used in each case.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
in order to function, the DREPs system, is based on Liquid Democracy, as it was explained in the first DREPs workshop by IOG: (https://docs.google.com/presentation/d/1jg6XyoRW8akg1HGR-KaxEcSMHZE1-tu4DT-YTQUH5zs/edit#slide=id.gdfa3e222b6_0_567 )
For Liquid Democracy to be efficient and reach its goal to maximize voting of the total registered stake, each DREP should be delegated 1% of that stake.
This is well expressed in the Challenge objectives, quote
"(1) The participation rate of Catalyst voting is less than 20%.
(2) Statistics show that 30% of Catalyst voters randomly vote without reading the proposals.
(3) It is difficult for Catalyst users who are not necessarily skilled in technology and English to judge nearly 1,000 proposals.
(4) Potential relevance to Decentralized Consortium Funding and roadmap approval voting through 2025.
For the dRep to function better, the following four elements are necessary
(1) dReps must be diverse.
(2) There should be many dReps.
(3) High delegation participation rate.
(4) Appropriate selection of dReps for delegation.
Failure to achieve (1) and (2) is centralization, and failure to achieve (3) and (4) is Catalyst dysfunction."
This proposal is fully aligned with the challenge objectives.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
RISK1: DREPs system is not yet ready for F10, out of IOG decision or roadblocks
MITIGATION: The campaigning office will still be able to produce lots of impacts, first to seek and engage committed people in LATAM that are willing to reach out to wider audiences and take the LATAM story and its message abroad. Second we will be engaging more people into the Cardano family out of the marketing efforts to reach out. As per our understanding DREPs are here to stay, so if not in F10, it will be F11, so all the efforts and investments seems reasonable in pro the community.
RISK2: There are no 5 individuals that come forward as DREPs nominee in LATAM
MITIGATION: It will be unlikely, as we already spoked to several people that would like to become DREPs (more than 5), but even that, the risk is there. So if that's the case, the funds will be equally split into the voted DREPs in the program, seeking to at least reach out to as many ADA delegated as possible, representing LATAM.
RISK2: The saturation levels for delegation in each DREPs are not achieved
MITIGATION: The whole purpose of the campaigning office is exactly to avoid that situation, so its mechanisms should directly aim to avoid that situation. The progress reports and constant monitoring of the campaign will give enough early signs to be able to react and correct the course of actions in case the goals are in jeopardy.