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DAO Tools

Cardano

Paideia

Author: Emir Olgun

Date: 19 April 2023

People at Paideia are developing a DAO management tool called Paideia. Paideia supports creating a DAO, token distribution, treasury management and much more. It is being developed for Ergo and Cardano blockchain currently. The platform is currently running on Ergo blockchain and is being developed for Cardano. We contacted the team behind Paideia and they currently cannot give a certain date for the Cardano launch but they are working on the tool. They also plan to have the same or very similar properties on Cardano blockchain as they have on Ergo. I have done the deep dive on the Paideia White Paper and the .

What Does It Do?

Paideia is a web app designed for DAO management. It is an open-source project. Users need to connect their wallet in order to use it. Paideia supports the features below:

Governance Management

DAOs can choose the style of governance they want and create tokens and distribute them with their community.

Proposals

Members with the authority can create proposals.

Voting

Voting can be done on Paideia and and the type of voting can be chosen. The types of voting are:

Token-based quorum voting: In this system members with governance tokens can participate in the vote. The admin can choose a quorum for the vote. For example, if the quorum is set to 50%, the minimum positive votes have to be at least 50% of the all votes.
Quadratic Voting: This method uses calculation to optimize voting power. In this method number of participants have more effect than voters with power. It can be used to prevent the domination of whales.
Single Choice Voting: Voters can only allocate their entire voting power to only one choice.
Approval Voting: Voters can choose multiple choices and their each choice has equal weight.
Ranked Choice Voting: Voters can have multiple choice but they have to rank these choices. First choice has the highest weight, second and third have less.
Weighted Voting: Voters can spread their voting power across multiple choices.

Token Creation/Issuance

DAOs can mint and distribute tokens according to their preferred mechanism.(Direct sale, dutch auction, airdrops et cetera)

Tokenomics

DAOs can control the number of tokens that are distributed or withheld for specific groups, their vesting schedules and visualize them by graphs and tables.

Staking Tools

Paideia supports staking of the tokens.

Reputation System

Paideia supports building of reputation and validation information. It can also incentivize people by giving bonuses.

Treasury Management

Paideia allows proposals that include treasury staking, providing liquidity to earn LP revenue. It also allows other smart contract interactions through DAO management panel.

Paideia Platform

Paideia has a very user friendly user interface which is very informative at the same time. Platform has a Dashboard for the DAO. that page gives brief information about the DAO, Token stats, active proposals and latest activity. There are also pages for Proposals, Financials, Members, Activity, and DAO Config.

The proposals page displays all the proposals the DAO has generated with a search function that can show different categories of proposals.

Financials page shows information about the token of the DAO. A lot of different information can be found on this page like token price change and market cap. There is also graphs for tracking the price changes of the token.

Members page shows the members of the DAO as the name suggests.

Activity page shows comments, proposals, transactions and staking. This page can be very informative to catch up with the DAO.

The DAO Config page is the most important page. Here the admins of the DAO choose the voting mechanism of their choice, adjust the parameters for the voting system. The design of the DAOs page can also be manipulated here. By design, I mean colours and logo. The DAO can also be terminated in this page.

Road Map

Paideia seems to be on track on their milestones so far. For 2023, some of their plans are:

Implementation of cross-chain functionality.
Creation of side-chain and stand-alone DAO management tool outside of the Paideia website.

Discussion

Both Cardano and Ergo smart contracts are written in functional programming languages. These kind of languages are quite difficult and not widespread. I believe tools like Paideia are of utmost importance for the popularity of blockchains increase of the number of DAOs. There are projects like Clarity Protocol and Summon Platform on Cardano for the DAO governing and management problem and more projects will definitely bring down the entry barrier for new DAOs.

Additional Links

Crystal

Author: Emir Olgun

Date: 18 April 2023

Decision making in DAOs are quite difficult in general because unlike traditional organizations, DAOs make their decisions with their community. DAOs distribute special tokens to the community for the voting process and only members with these tokens are allowed to vote. Number of owned tokens also have effect on the voting, people with more than a specific amount of these tokens can also make proposals. The number of tokens needed to make proposals and the weight of the tokens during voting are determined by the DAO itself. Almost every DAO struggle with decision making as it can be time consuming, expensive. Development of smart contracts, that are rather difficult to create, and a front-end for their community to participate in the governance process is needed. Crystal is a DAO tool developed by Clear Contracts and Clarity community. Clarity community is also the power behind Clarity Protocol. Crystal makes the process of voting easy and customizable enough. This document will dive deep into this app and try to answer how it works, what it does, what the roadmap for this tool is, and how DAOs can benefit using this tool.

What Does It Do?

There are ways to set up DAOs. Difficult to set up but easy to use way is to write the specific smart contracts and to set up the platform that is connected to those smart contracts. This way is easy to use for members but very difficult to set up and require people with different set of technical skills. This way can be advantageous because DAOs can be in full control of their system.

Crystal allows communities to conduct off-chain voting. This off-chain voting system can utilize governance tokens just like on-chain voting. DAOs can customize the powers these tokens have. For example, people with more than 100 tokens can be admins. Communities can start their governance process very easily by setting up their DAO in Crystal platform.

Off-chain voting is done on the Crystal platform and the variables of deadlines, proposals and voting can be set up easily.

How Does It Work?

Crystal uses on-chain data to conduct off-chain voting. Voting is done based on one or more governance tokens. The Policy IDs of the governance tokens are kept in Crystal and governance token information is fetched from the wallet connected to the platform and used to calculate the weight of the vote, and ability to make proposals. Admins can also decide if they want to reward the community for participating in the voting process. The off-chain voting has two main steps, proposal, submission and voting.

Proposal: Proposal creation can only be done by the admins of the DAO. The platform distinguishes admins from the other members by the amount of governance tokens. Proposals are usually a statement of a problem. After proposal is created, the submission period begins right away.

Submission: Members of the DAO submit possible solutions to the problem stated in the proposal during the submission period. The creator of the proposal decides who can submit during the proposal creation step. Either all members can submit or only admins can. The submission period lasts for the time specified by the creator of the proposal. This date is specified during the proposal creation. After the submission period ends, the voting period begins. During this step, the proposal will show Accepting-Submissions" status.

Voting: After the submission, the voting period begins where all members of the DAO can cast and retract votes on the submissions. This period also has a time limit specified by the creator of the proposal during the proposal step. During this period, the proposal will show Voting status.

After the voting deadline, no more votes will be counted and the result will be final.

A member is required to connect their wallet to Crystal platform in order to participate in the voting process. This is essential because the governance token information is required in the voting process.

Pros and Cons

Cardano is famous for being a quite difficult platform for development. Setting up a platform is already challenging task and having a blockchain integration especially Cardano blockchain integration is even more challenging because of Plutus programming language. Crystal offers a solution for this problem but I don't believe Crystal is the optimal solution for the governing problem but it is definitely a very useful tool. Tools like Crystal brings down the entry barrier to Cardano very significantly.

Pros

Off-chain voting is free. On the other hand on-chain voting requires transactions and these transactions have fees.
Brings down the entry barrier for new DAOs significantly.
DAOs can start to function in a short time.

Cons

This platform is not decentralized entirely because of the off-chain voting.
DAOs do not have the full control of their governing system.
Crystal does not have testnet support. People who want to test it out need mainnet tokens but Clarity Community is a very helpful community and will probably help.

Conclusion

Crystal is one of the much needed tools in the Cardano ecosystem. It brings down the entry barrier for people with ideas but no technical backgrounds. Even though I believe Crystal is good for new organizations on blockchain, these organizations should eventually migrate to their own governance system as their community grow. Crystal is being developed by the Clarity Community continuously and it should be followed closely.

Additional Links

Clarity Protocol

Author: Emir Olgun

Date: 18 February 2023

Introduction

Clarity community is working on a protocol called Clarity Protocol that aims to ease the process of building DAOs by providing the infrastructure of Smart Contracts and Tokens. The infrastructure is based on a protocol called Agora Protocol. We will see what Clarity Protocol does, how it works and why would it be beneficial for new DAOs. We will also dive deep into the concepts of Smart Contracts, DAO governing, DAOs and Tokens in order to understand Clarity more in this report.

Deep Dive

DAO

DAO stands for Decentralized Autonomous Organization. It is an organization that is governed by a set of rules encoded as computer programs on a blockchain. DAOs are designed to be decentralized, meaning that no single person or entity controls the organization. Instead, decisions are made by consensus among the members of the DAO, who typically hold tokens or shares in the organization.

DAOs operate using smart contracts. These smart contracts automate many of the processes and decision-making functions of the DAO, including voting, budgeting, and allocation of resources.

Smart Contract

A smart contract is, in the most basic terms, an executable program running on the blockchain. This program is a contract that checks for certain conditions, which are pre-determined, to execute a transaction. The importance of smart contracts is they provide trust between opposite parties of the transaction as the conditions of the contract can be seen by anyone and these conditions are not alterable. If the conditions of the smart contract cannot be met, the funds locked in the smart contract can never be accessed by anyone, it is absolutely impossible. For example, locking a DAO’s treasury in a smart contract, which only allows withdrawal when a number of people sign the contract, can provide a very high level of security and prevent a member with a high level of governance power to spend the money on things which the community does not agree on.

Tokens

In most Blockchains, there are two types of assets; native asset and the assets that are created by third parties to run on the blockchain. In Cardano, the native asset is ADA. The other tokens can be minted by users and used as a means of exchange or can have much more properties than the native assets. Some of these properties are, DAO governance, a password like ticket for accessing certain Smart Contracts, Websites or DAOs. NFTs are also a specific form of a token.

DAO Governance

How to govern? This question is as old as humankind. Almost all systems we created are based on delegation. Because we cannot participate all the time and the decision-making process can be very long, we chose to give the power of governing to a smaller number of people. With the help of Blockchain technology, we can now participate in the decision-making process easily. We can create proposals, vote on proposals and execute successful proposals as members of a decentralized community. Blockchain technology also provides transparency for our communities. The treasury of the DAOs can be visible to anyone and the control of it does not have to lie with a single member.

Clarity Protocol

Features

Clarity Protocol provides very useful services which are;

Smart Contracts for managing DAO treasury.
Smart Contracts for voting for proposals.
Governance Tokens for the DAOs.

In the future more features are expected and some of them are explained in the #future-plans.

What does it do?

Clarity protocol is a library that provides the smart contracts and Tokenomics for governing DAOs. In a DAO every member has a right to vote on proposals. This voting system is similar to the weighted voting system where every individual has different voting power. Clarity Protocol uses tokens for this system. In this protocol, members with sufficient tokens can also create proposals for other members to discuss and vote on.

How does it work?

Every member’s voting power is determined by how many governing tokens they have in their wallet. A user deposits their governance tokens into stakes, which allows them to create and vote on proposals. Staked amount determines the voting weight. Those proposals can be the management of the DAO’s treasury, changing on-chain parameters of the DAO or minting tokens or NFTs. Any proposal on vote has a default state of fail unless certain conditions are met. These conditions are usually a level of approval votes, so it does not work like our traditional voting systems where the majority of the vote decides what happens. For example, if the approval level requirement is 2 million tokens, the proposal will fail if the majority voted positive and the tokens marked with approval are less than the barrier.

How would a new DAO benefit?

Forming a DAO for non-technical people can be quite challenging and open to fraud. A service for setting up the infrastructure of a new DAO can be extremely useful and more importantly bring down the barriers of entry to the blockchain ecosystem significantly. With services like Clarity Protocol, new DAOs can create their own governing tokens, other tokens and NFTs. Set up their governing system and treasury management protocols quite easily.

Tokenomics

Clarity community is planning to have the Clarity token as the governing token for the Clarity ecosystem. The total supply will be 2,000,000,000 with a 6-decimal precision.

20% Team:

The team is the founding members which include core groups of founders, developers and contributors of the Clarity Protocol. The team is on a 2-year linear vesting period.

5% Advisors:

The advisors are the industry professionals who provide value to the DAO either through networks, research or specialized knowledge.

20% DAO Treasury:

This treasury can only be spent with the approval of the DAO through and on-chain vote. This treasury pays out rewards to Clarity DAO members for participating in governance or opting in the DAOs incentive structure.

3% Airdrops:

Tokens allocated for community airdrops.

7% Yield Farming:

Tokens allocated for incentivizing liquidity.

10% Ecosystem Partnership:

Tokens allocated to create relationships, support other organizations and projects and fund educational initiatives.

35% Future Development and Investors:

Tokens allocated for funding the future development of the ecosystem such as developer support, marketing, fundraising and administration.

Future Plans

Clarity Smart Contract Marketplace

Most DAOs have different needs and the generic smart contracts for DAO governing might not provide their needs correctly. Users or organizations will be able to write their own proposal features as the Plutus language allows and put them in the marketplace for other DAOs to browse and use. The usage of other smart contract features will be rewarded on the marketplace.

Voting Rewards

DAOs will be able to implement a system where members of the community will be rewarded when they take part in voting on proposals and participating in DAO activities. The reward amount and denomination would be set by the DAOs themselves or Clarity. The rewards may be provided by the DAO itself or by Clarity for participation in a Clarity-powered DAO.

Sub DAO/Woking Group Formation and Destruction

Creating sub-working groups for specific tasks in DAOs can be quite efficient and effective. Rapid organizational change allows the organization to easily adapt the needs. The sub-working groups will be able to have their own funds or can be funded by their DAOs. When the sub-group is no longer needed, the group can be disassembled and the remaining funds can be allocated to another part of the DAO.

Identity-Based Voting

Currently, Clarity protocol determines a user's vote weight by the amount of governance tokens staked, further plans include calculating voting power using different mechanisms. One example is a reputation mechanism.

Conclusion

Clarity Community is addressing a very important problem of the blockchain ecosystem. Non-technical people have a hard time entering the ecosystem and this problem blocks the ecosystem to achieve its potential. A service to set up the infrastructure of a DAO would bring those barriers down and enlarge the blockchain ecosystem significantly. One problem that comes to one’s mind is, how would a non-technical DAO could trust the smart contracts that are on the Clarity marketplace to do what they want or not have a backdoor for certain individuals to access DAOs finances or decision-making mechanisms. The Smart Contracts should have auditing mechanisms by other organizations and the non-technical DAOs might need a technical advisor for vetting the contracts they use.

Additional Links

Relevant Links:

Disclaimer: The content is for informational purposes only, may include the author’s personal opinion, and does not necessarily reflect the opinion of littlefish Foundation. Most of the information covered in this article was obtained from Clarity Community Whitepaper and was analyzed independently.

Summon Platform

What is Summon Platform ?

Summon Platform originates from the ADAO Community which is a Cardano DAO focused on open-source software development. Summon Platform aims to help Cardano communities on building their own on-chain DAOs. This service is particularly beneficial for communities that do not have experienced web3 developers, as it provides them with the necessary tools and resources to create and manage a DAO.

What is a DAO ?

A DAO, or Decentralized Autonomous Organization, is a type of organization that operates on a blockchain and is run through a set of predetermined rules that are encoded into smart contracts. DAOs are decentralized, meaning they are not controlled by any single individual or entity, but rather operate based on the collective decision-making of their members.

Generally, DAOs are used for managing a community, making decisions about the distribution of funds or resources, or voting on proposals. One of the fundamental principles of Decentralized Autonomous Organizations (DAOs) is the idea that "code is law", meaning that the rules and functions of the organization are encoded into its underlying code and enforced automatically through the execution of smart contracts on the blockchain. They are designed to be transparent and efficient and this allows for greater accountability and transparency, as all actions and decisions can be easily traced, audited and accessed by anyone.

One of the key considerations when a community decides to create a Decentralized Autonomous Organization (DAO) is to clearly define the purpose and rules for the organization. This includes determining the specific functions and goals of the DAO, as well as how it will be governed and how decisions will be made. The next step is to write the code for these rules and functions in a smart contract and deploy it to the blockchain. This will allow the DAO to exist and function on the blockchain, and will ensure that the rules and operations of the organization are transparent and open to inspection.

Smart Contracts

As mentioned previously, smart contracts are a digital representation of the rules and conditions that will govern the DAO. These contracts are written in code and stored on the blockchain, allowing for the automatic execution of the agreed upon terms. It's important to note that writing the code for smart contracts can be a complex and technical process. It requires a strong understanding of programming languages such as Plutus, as well as other specific requirements and constraints put in place by the Cardano blockchain.

When a DAO smart contract is deployed to the blockchain, it will continue to execute according to the rules and functions that are encoded into. However, it is possible that the DAO may need to be updated or modified over time in order to address changing circumstances or address unforeseen issues. This could involve updating the smart contract code in order to add new features or modify existing ones.

Updating a DAO smart contract can be a complex process, as it will require modifying the underlying code and deploying the updated version to the blockchain. This typically requires the support and approval of the DAO community.

In order to effectively create and maintain a Decentralized Autonomous Organization (DAO), a community will likely need the ongoing support of experienced developers who are proficient in Plutus programming language and familiar with the Cardano blockchain platform.

Features of Summon Platform

The Summon Platform MVP offers a range of services for creating and managing a Decentralized Autonomous Organization (DAO), including the generation of tokens, the ability to stake tokens using smart contracts, the management of proposals, and the execution of transactions. It also includes an advanced Native script multi-signature wallet for securely storing and managing tokens. Lets analyze this 5 services one by one:

Token generation: A DAO may use tokens as a means of representing ownership or membership in the organization, and may issue tokens to members or stakeholders as a way of incentivizing participation and aligning incentives. Token generation refers to the process of creating and issuing these tokens.
Smart contract token staking: Token staking refers to the process of holding tokens in a smart contract as a way of demonstrating commitment to the organization and aligning incentives. A DAO may use smart contract token staking as a way of ensuring that members are committed to the success of the organization and have skin in the game.
Proposal management: Proposal management refers to the process of creating, reviewing, and voting on proposals within a DAO. This can be used to make decisions about the direction and operations of the organization.
Transaction execution: Transaction execution refers to the process of executing and recording transactions within a DAO. This can include transferring tokens, updating the smart contract code, or taking other actions as required by the rules of the organization.
Advanced Native script multi-signature wallet: A multi-signature wallet is a type of digital wallet that requires multiple parties to sign off on a transaction before it can be executed. An advanced Native script multi-signature wallet is a particularly secure and flexible type of multi-signature wallet that can be used to store and manage tokens within a DAO.

Overall, the Summon Platform offers a comprehensive suite of tools and resources that enable communities to create and operate a DAO effectively. With these services, communities can create and manage a DAO in a decentralized and automated way, allowing them to effectively coordinate and direct their activities.

-D.

Voteaire

Author: Donald

Date: 19 Apr 2023

Voteaire Protocol

Democratizing Governance Through Blockchain: Introducing Voteaire

Democratizing governance through blockchain technology has become an exciting endeavor, championing the principles of decentralization and transparency. Enter Voteaire, a user-friendly platform designed to facilitate the creation and operation of on-chain voting systems within the Cardano ecosystem. As an embodiment of these principles, it is transforming traditional governance models, highlighting transparency, decentralization, and accessibility for all, while eliminating the need for central authorities.

Decentralization and Transparency

By employing blockchain's decentralization feature, Voteaire helps protect the voting process against undue influence or manipulation, distributing decision-making power across a vast network of participants. Moreover, the platform ensures accountability and openness by permanently recording all transactions, including proposals and votes, on the blockchain. Every piece of information, including data specifications, are openly accessible in a public, open-source repository for verification purposes.

Redefining On-Chain Voting

Voteaire redefines on-chain voting, leveraging the immutable nature of blockchain technology. Based on the initial concept introduced by SPOCRA for their board of directors' vote, it operates by extending this fundamental principle. The platform employs transaction metadata to permanently store ballot proposals and votes on-chain, with the 'metadata key 1916' as an homage to the year Canadian women first gained suffrage. Anyone with the necessary technical proficiency can probe the blockchain directly to validate the voting results, ensuring transparency and immutability.

User-Friendliness and Accessibility

In terms of accessibility, Voteaire stands out by prioritizing user-friendliness, enabling even non-technical users to create and participate in proposals effortlessly. By connecting their wallets and submitting a transaction, users can actively engage in community decision-making processes. Voteaire supports three different wallet types: GeroWallet, Eternl, or Nami, with a minimum of 1 ADA to cover transaction fees.

Voting Process

For voting, the process starts with the user signing in to Voteaire using a compatible wallet. After signing in, the user views the list of submitted ballots, selects a ballot, reads its description, and chooses their preferred option before submitting their vote. Note that users can only vote for ballots marked as "ACTIVE."

Voteaire offers three types of ballots — SIMPLE, DELEGATED, and POLICYID — each with slightly different voting procedures and weightings. In a SIMPLE ballot, the vote's weight depends on the amount of ADA in the user's wallet at the time of the snapshot. A DELEGATED ballot requires delegation to a specified pool for the vote to count, with the vote's weight depending on the size of the user's delegation to the pool. In a POLICYID ballot, the vote's weight is determined by the number of tokens associated with a specific POLICYID in the user's wallet at the snapshot.

Security Measures

The platform addresses the so-called "Franken-Address Vulnerability," which could allow a malicious user to manipulate voting results. By requiring votes to be attached to a delegation transaction rather than a standard payment transaction, it ensures that voters cannot misrepresent the amount of funds they control, adding another layer of security to the process.

Voting Periods and Conditions

Voteaire employs Cardano epochs to define voting periods, providing flexibility to voters. It uses snapshot dates in the Cardano blockchain ledger to weight the votes for SIMPLE and DELEGATED ballots. For POLICYID ballots, snapshots are directly taken by the platform itself.

Moreover, Voteaire has established essential conditions to ensure vote validity and maintain user delegation status and rewards integrity. It only recognizes the first vote if a user attempts to cast multiple ones, and it requires votes to be part of a delegation transaction. Also, when a vote is cast, Voteaire re-delegates to the same pool the user is currently affiliated with, avoiding any negative impacts on delegation status or rewards.

Conclusion

In conclusion, Voteaire is leading the blockchain-powered shift toward more democratic governance models. By utilizing blockchain's transparency and immutability, it offers an innovative platform for voting, emphasizing the significance of each vote while ensuring users maintain control over their delegation status and rewards. As the platform evolves, it promises to become an indispensable tool for those aiming to shape a more equitable future through the power of blockchain technology.

Additional information

Relevant Links:

Official Voteaire Website

Official Voteaire Github Account

Agora Protocol

Author: Emir Olgun

Date: 19 February 2023

Introduction

DAO governing is a very important and challenging task for any DAO, especially for DAOs of non-technical communities. There are many projects and organizations that aim to ease the process of establishing organizations on the blockchain. Agora protocol is a library of smart contracts that aims to provide an easy and functional DAO government. Unlike other documents we created that inspect DAO governing organizations and projects, Agora is not a DAO, it does not have tokenomics or a token. Agora is just a library for governance. We will examine what Agora does and how Agora works. Also, we will have a deep dive into staking. You can check #dao-governing and #smart-contract as they can be informative for understanding this document.

Staking

Staking is a process in blockchain networks where users hold a certain amount of cryptocurrency or tokens in a specialized wallet, known as a staking wallet. Staking one's assets serves as an incentive to ensure that one has a stake in the proposal one votes on for the context of governing or for more general cases, one has a stake in the network's proper functioning. Staking also helps to prevent malicious actors from attacking the network, as their staked assets would be at risk of being forfeited if they engage in nefarious activities.

Agora

What does Agora do?

Agora library is created to be a one-size-fits-all governance library for projects on the Cardano blockchain. It aims to be a modular and flexible library. The library includes the smart contracts for the management of a treasury containing ADA and other assets like Tokens and NFTs, changing on-chain parameters for the DAO and the minting process of particular tokens. These traits are arbitrary and can be added to the system at any point. This is very important because proposals can adapt to any change. When a proposal is created, it must clearly define what its effects will be if passed and members are incentivized to read about the proposal before they vote. Those proposals are time-sensitive and start with a review phase. Members can read and make their decision in this phase. After the review phase, members vote on the proposals with their governance tokens.

How Does Agora Work?

In Agora, proposal voting system works with stake pols and voting tallies. When a user votes with their stakes, the stake is added to the stake pool and voting tally is updated accordingly. In Agora, governance starts with stakes. Members deposit their governance tokens into a stake. Every member's stake creates the staking pool. Members, at any time, can withdraw from their stake. This staking pool provides the ability to manage the relationship between voting weight and the governance tokens. All members are free to withdraw their stake before the voting process. Voting is done by transactions. These transactions lock the voters' stakes and tag them with the proposal they voted on. The transactions also add the voters' contribution to the vote tally so there is a mutual locking mechanism. This mechanism prevents double voting using stakes without creating unnecessary locks on stakes. If a voter decides to withdraw their staked tokens, they have to retract their vote before the withdrawal so the vote tally always represents the sum of all actively locked tokens behind a specific vote. Members can also vote on multiple proposals because the lock only prevents withdrawing and depositing governance tokens.

When the voting closes, the final vote tally becomes frozen and the proposal encodes several possible outcomes. All proposals have one common negative outcome which is no action. The proposals can have, depending on the DAOs rules, a quorum for the votes and if any of the actions do not reach the quorum, the proposal fails. If any of the actions of the vote reaches quorum, the action that is encoded for the majority vote has to be taken.

When an action that is not no action comes out of the vote, the effect comes in. The proposal encodes a list of effects that must take place. Unlike the traditional systems where an elevated actor implements the effects, any member is able to implement the effects of the proposal. In practice, this actor is most likely going to be someone deeply involved with the particular DAO but technically any member can do it. The executive power for the specific action is temporarily extended to the actor who wishes to implement the changes but there are also checks in place that guarantee the change is done correctly.

Possible Drawbacks of On-Chain Governance

There are possible drawbacks of on-chain governance that may result in low participation in projects.

Very few things live on-chain. Implementing effects properly which are off-chain cannot be guaranteed. As not all decisions have on-chain effect, most decisions are to be made in the spot.
On-chain governance is by nature public and visible which is a good thing mostly but this can also lead to coercion, intimidation and bribing to achieve a desired outcome.
Exploitation of DeFi protocols can also cause being able to vote without having a stake.
Participation can be limited due to the low incentives involved. Transaction costs can lead to voters with low amount of governance tokens not participating due to their low influence and the voters with higher amounts of governance token are incentivized to vote.

Conclusion

Agora aims to solve an important blocker for most people which is setting up the infrastructure of the on-chain organizations. The Agora Library can be very useful for new and existing DAOs and can be used by other projects for more detailed and tailored governing infrastructures.

Additional Links

Relevant Links:

Disclaimer: The content is for informational purposes only, may include the author’s personal opinion, and does not necessarily reflect the opinion of littlefish Foundation. Most of the information covered in this article was obtained from several links above mentioned and was analyzed independently.

TosiDrop

Author: Emir Olgun

Date: 19 April 2023

Token distribution is an important task for DAOs. It can be a time consuming task to distribute to all members safely. TosiDrop is a token distribution platform developed for Cardano and Ergo blockchains. They offer a service for communities to distribute tokens to their members in a secure manner. They also have their own tokens called cTOSI and eTOSI. cTOSI runs on Cardano and eTOSI runs on Ergo. The

What Does It Do?

On Cardano, TosiDrop offers two ways to distribute tokens. Airdrop and Vending Machine style. On Ergo blockchain, only airdropping method is available.

TosiDrop platform also has stake pools. Users can delegate to support them and pay no fee on claims.

Airdrop: TosiDrop offers a service of airdropping tokens to the community members through uploading a list of addresses via a CSV file.
Vending Machine: On this method, members of a community sends ADA to an address and receives tokens in return.

Tokenomics

There are two billon tokens. One million of them is cTOSI on Cardano and one million is eTOSI on Ergo. These tokens are used for governance and revenue sharing. 10% percent of the tokens are allocated to the core team and 30% are being distributed to NETA/cNETA community. 60% are being distributed to the public.

Revenue Model

TosiDrop charges communities a fee for using TosiDrop services. These fees generate revenue in the form of ADA and ERG and will be enjoyed by holders of the TOSI tokens.

How to Use TosiDrop as a DAO

Currently the TosiDrop platform does not support adding your project to their platform. Only way to use it to distribute tokens as a DAO is to contact the developers of TosiDrop. They will have a different method in the future.

Discussion

Token distribution is a very important thing for DAOs. They can generate funds for their projects via these tokens. TosiDrop is a platform to make this task easy and safe. Token distribution is one of the services needed by DAOs and there are platforms on Cardano that aim to solve more of those problems. I believe those tools can be much more helpful for DAOs.

Additional Links

Author: Emir Olgun

Date: 19 April 2023

What Does It Do?

On Cardano, TosiDrop offers two ways to distribute tokens. Airdrop and Vending Machine style. On Ergo blockchain, only airdropping method is available.TosiDrop platform also has stake pools. Users can delegate to support them and pay no fee on claims.

Airdrop: TosiDrop offers a service of airdropping tokens to the community members through uploading a list of addresses via a CSV file.
Vending Machine: On this method, members of a community sends ADA to an address and receives tokens in return.

Tokenomics

Revenue Model

TosiDrop charges communities a fee for using TosiDrop services. These fees generate revenue in the form of ADA and ERG and will be enjoyed by holders of the TOSI tokens.

How to Use TosiDrop as a DAO

Discussion

Additional Links

DripDropz

Author: Donald

Date: 19 Apr 2023

DripDropz: Democratizing Token Distribution on the Cardano Ecosystem

A new player has entered the Cardano ecosystem, aiming to revolutionize token distribution for blockchain projects. Introducing DripDropz, an intuitive platform that offers token dispensing services to projects of all sizes within the Cardano community. The platform welcomes delegates to reap the rewards by providing the ability to withdraw a variety of tokens while remaining delegated to a community pool.

DripDropz Tokenomics and the $DRIP Token

DripDropz has introduced a native utility token, $DRIP, with a maximum supply of 45 billion tokens. These tokens are allocated exclusively for users of the platform, distributed through DripDropz at a flat rate. Each delegate will receive 1,000 $DRIP tokens per epoch, with the possibility of tokens rolling over when the Hydra back payment feature is implemented.

To receive $DRIP tokens, delegates must have a minimum of 10 ADA staked to any stake pool. There is no maximum ADA limit for user wallets. Wallet splitting is allowed and encouraged to a degree, as long as users continue to delegate to community pools.

How to Withdraw Tokens on DripDropz

To withdraw tokens on DripDropz, users should follow these steps:

Visit the DripDropz site and enter your wallet receive/stake address in the search bar.
Select up to 10 tokens for withdrawal based on your wallet's ADA amount and delegated pool.
Confirm your selection and pay the required fee to complete the withdrawal.

The withdrawal process repeats every epoch, allowing users to maximize their token rewards.

Cost and Service Fee Breakdown

DripDropz applies a small fee for each withdrawal, which serves as the platform's sole revenue source. The fee structure depends on the number of tokens withdrawn and covers Cardano transaction fees, Phyrhose processing fees, and DripDropz service fees.

Referral System: Earn $DRIP by Inviting Friends

DripDropz offers a referral system that rewards both the referrer and the referred user with 1,000 $DRIP tokens. To participate in the referral program, users must create an account on DripDropz, which will grant access to the referral page where they can input their referral payout address.

In conclusion, DripDropz presents an innovative approach to token distribution in the Cardano ecosystem, benefiting both blockchain projects and community members. By simplifying the process of token withdrawals and providing incentives for users to engage with the platform, DripDropz is set to make a significant impact on the Cardano landscape.

A Comprehensive Description of the Platform

In the world of digital currency, the DripDropz platform stands as a noteworthy innovation. This platform is beneficial to various stakeholders in the Cardano blockchain, particularly the delegates. All delegates, irrespective of their pool, are entitled to receive a variety of tokens or a "grab bag". This is an incentive to delegates to stay in community pools while still receiving highly sought-after tokens.

Community pools also benefit from the DripDropz platform. Usually, token distribution is limited to a pool's delegates. However, DripDropz allows for retention or addition of delegation to a pool by extending the distribution beyond the pool itself. As a result, pools hosting token drops can reward their delegates with additional token bonuses.

DripDropz also creates an opportunity for token projects to distribute their tokens without needing to run a pool. The token projects can also choose their token distribution level, whether to distribute tokens to specific pool delegates or all delegates across the blockchain. This system allows token projects to attract new users onto their platform and acquire new consumers via wide token distribution.

The DripDropz platform utilizes its utility token, $drip, which has a maximum supply of 45 billion. The tokens are allocated entirely for DripDropz users and are distributed via the platform. The platform distributes $drip tokens at a flat rate, with each delegate receiving 1000 $drip tokens per withdrawal per epoch. These tokens, however, will not roll over when the Hydra back payment feature is implemented.

DripDropz also encourages wallet splitting to a degree, allowing delegates to acquire the most $drip tokens and maximize token rewards. Even with multiple transaction fees due to wallet splitting, delegates are encouraged to spread their delegation to community pools.

In terms of governance, DripDropz aims to become a truly self-governed Decentralized Autonomous Organization (DAO). DripDropz users will be able to vote on all future decisions related to the platform, starting with token onboarding. Holders of $drip tokens will vote on which token projects to add to the platform, and subsequently, on offboarding of tokens. Once the initial rounds are completed, the community can use $drip tokens to vote on all business matters pertaining to DripDropz. The platform will then transition from a Limited Liability Company to a Decentralized Autonomous Organization.

DripDropz also introduced the Coin Desirability Index (CDI), a measurement of a project's or token's desirability. The CDI measures the number of views or impressions versus withdrawal rate. This tool should mitigate the issue of spam tokens and, combined with phase 2 voting, allow users to remove undesirable tokens from the platform.

DripDropz offers solutions to technical difficulties, such as stuck transactions. Users experiencing such issues can manually push through any stuck transactions by contacting DripDropz. Furthermore, the platform allows anyone to distribute their token projects without charging any onboarding or distribution fees. DripDropz recognizes addresses with active stakes in a pool, which can be any pool on the Cardano blockchain. Users do not need to send Ada from the same address they are claiming tokens with, making the process more flexible.

The DripDropz platform operates on an epoch calendar. Each epoch, rewards reset and reload, and users need to visit the platform every five days to withdraw that epoch’s rewards. Though the platform does charge a fee, it aims to keep costs low by combining two or three standard transactions into one, thus lowering fees for everyone in the transaction and processing data more efficiently. This operational design aims to address the challenges of Cardano Stakepool default setups and the limitation of mempool sizes, contributing to the overall efficiency of the blockchain.

However, the Cardano blockchain's surge in demand has led to some challenges, including long delays in transaction completion and intense competition to get individual transactions on chain. Every transaction has an equal chance to arrive on the chain; it simply has to find its way to a mempool, get in line, and find a peer that will produce a block soon. To address this issue, DripDropz is working on the efficiency of its transaction handling, particularly focusing on optimizing its approach to two-part transactions.

In conclusion, DripDropz represents a significant innovation in the Cardano blockchain ecosystem. It offers benefits to delegates, community pools, and token projects while striving to improve the efficiency of transactions. By aiming to be a self-governed DAO and promoting wide token distribution, DripDropz is a pioneering platform in the digital currency world.

Additional information

Relevant Links:

Mercurychat.io

What is it?

Mercurychat is a wallet to wallet communication dapp that can be integrated into other apps or dapps.

Features:

As of 17th Nov, 2022, they support:

one-to-one chats (off-chain & on-chain/NFT messaging)
group chats (friends and family)
community chats (NFT gated and non-gated), categories & individual channels
can be integrated into any platform (APIs available)

User Guide:

Go to https://mercurychat.io/chat
Connect wallet (Supported wallets: Nami, Eternl, Flint, Typhon, Gero & NuFi)
Start new converstion (you need to enter public address), Browse Communities, or Create Community.

Start a new conversation/create group:

Click on 'Start new conversation'
Enter one or more public addresses/$handles
Click on 'Start chatting'

Browse & Join Communities:

Click on the 'search/magnifying glass' option on the side menu
Pick a community and start chatting (Note: You'd be able to join 'some' only if you have the specific NFT in the wallet )

Create Community:

Click on the 'add/plus sign' on the side menu
Name your community
Set up gating permissions based on: a. NFT Polocy ID b. Stakepool ID (wallets stked with the pool can join)
Create categories and channels in each category (similar to discord): Click on 'settings/gear' icon by the community name --> Name & Create category --> Click on 'settings/gear' icon by the category name --> Create Channel Note: Individual category/channel permissions are not yet available.

Profile Settings:

Click on the 'settings/gear' icon at the bottom the screen by your wallet address.
Click on the default profile pic and choose an NFT in your wallet as your profile pic.
Click on 'Select Handle'and choose a handle as your profile name.
Message Notifications (Email): Click on 'preferences' in the side menu and enter email adddress to get notofications (once per day) when you receive a message.

Integrating Mercurychat (into other platforms):

Link to NMP Packages Note: The below NMP packages are available for mercury chat integration.

Things to Note:

Mercury Chat database is centralized at the moment. The team will look for solutions in the future
The team is very open to ideas and take community feedback. Needs to be seen if feedback is implemented.
The UX/UI is slightly rough (small typos & ease of use) since the team is focusing on building functionality at the moment
The team has kept the rodamap and timeline open for the time being
Personally I'd recommend the app for individuals and platforms as long as personal/sensitive information is not shared

Bro Clan

Author: Emir Olgun

Date: 14 June 2023

Bro Clan is an open-source multisig wallet on Cardano Blockchain. Even if it is called a "wallet", the multisig wallets and normal Cardano wallets are profoundly different and their use cases have almost nothing in common. A multisig wallet opens the possibility of keeping assets in a more secure and, most importantly, a true decentralized safe. A multisig wallet is more like a safe in a bank. These "safes" are essential for DAOs because keeping DAO funds in a normal Cardano wallet would give a single individual a tremendous power and it is against the philophy of decentralization.

Bro Clan wallet currently is in beta test. It supports Mainnet, Pre Production and Preview Testnets. It allows the user to configure the provider. The provides are Blockfrost, BroClan and Kupmios(Kupo and Opmios). The Kupmios choice turns Bro Clan wallet into a full-node wallet.

Multisig

In order to understand multisig concept, we need to understand how a normal Cardano wallet works. A Cardano wallet, in most basic terms, is a safe that keeps assets inside. Like a physical safe, accessing the assets inside the wallet, the owner needs a key. When you make a transaction, you create a transaction by the assets in your wallet and then sign this transaction to be processed. Multi-signature or Multisig is a special type of wallet. In order to access the assets in these wallets, you need multiple keys very similar to vault in banks. A multisig wallet needs two or more different keys to sign the same transaction. This significantly increases security and decentralization. Also, multisig keys can have time limit. For example, some keys would only work until a specific date or they can be activated after a specific date.

Wallet

Multisig

You can add as many signatories as you like for the wallet.

Timelock

Timelock is a very useful feature. It is used to limit the timeframe the wallet can be used. You can specify a specific date or even a slot for the wallet to activate and a date or slot for the wallet to lock permanently. Be careful, if the expiry date is passed, all the assets inside the wallet will be irreversibly locked.

Custom Multisig Policy

This is a very important feature. With this feature, you can specify how the transaction will be signed. For example, the transaction might require only one of the signatories, at least a number of signatories or all signatories.

Nested Policy

With this feature, you can get the customization to the next level. You can give some signatories a specific timeframe to be able to sign transactions, create a requirement of specific signatories and much more. Basically, your imagination is your limit here. It is a little hard to use this feature, be careful when setting it up.

Multisig Support

We have tested the multisig wallet with different light wallets. Light wallets are very easy to use with Bro Clan, the signing process very simple and require no funds from these wallets as the transaction fees are paid by the multisig wallet.

Reviewer's Notes

Creating the signing logic is a little complicated. [Round Table] wallet definately does it better. Bro Clan supporting downloading transaction information is useful, but sharing the transaction with other people is difficult. It seems all participants will have to load the wallet and sign. Having a transaction URL to share would be more convenient. Also, we tried to import the transaction on some wallets and failed. Overall, Bro Clan is a wallet with significant potential. We will definately be following it when it becomes live on Cardano Mainnet.

Additional Links

Round Table

Author: Emir Olgun

Date: 31 May 2023

Round Table is an open-source wallet on Cardano blockchain. Unlike any other ordinary wallet on Cardano, Round Table aims at making multisig more accessible to its users. Multisig wallets can be one of the most essential tools for DAOs. DAO treasury management is usually run by a single individual with the wallet credentials. Multisig wallets can distribute the responsibility to a group of people and not a single individiual can override others power. DAOs aim decentralization but normal wallets can not provide the financial decentralization but multisig wallets are a perfect solution to this problem.

Multisig

In order to understand multisig concept, we need to understand how a normal Cardano wallet works. A Cardano wallet, in most basic terms, is a safe that keeps assets inside. Like a physical safe, accessing the assets inside the wallet, the owner needs a key. When you make a transaction, you create a transaction by the assets in your wallet and then sign this transaction to be processed. Multi-signature or Multisig is a special type of wallet. In order to access the assets in these wallets, you need multiple keys just like those fancy super secure vaults in banks. A multisig wallet needs two or more different keys to sign the same transaction. This significantly increases security and decentralization.

Features

Personal Wallet
Multisig wallet
- Multisig
- Timelock
- Custom multisig logic
- Nested Policy

Personal Wallet

You can use Round Table just like any other Cardano light wallet. Round Table personal wallet only supports 24 words recovery phrases. ADAO has a video tutorial about creating a personal wallet with Round Table.

Multisig Wallet

This is where Round Table differs from other Cardano wallets.

Multisig

You can add as many signatories as you like for the wallet.

Timelock

Custom Multisig Policy

Nested Policy

Multisig Support

We have tested the multisig wallet with different methods. We have used popular Cardano light wallets, Round Table personal wallet, and cardano-cli wallets. Light wallets are very easy to use with Round Table, the signing process very simple and require no funds from these wallets as the transaction fees are paid by the multisig wallet. These are the light wallets supported by Round Table:

Round Table personal wallet works flawlessy with the multisig wallet as expected.

How to Use Round Table

Using the web app is the most convenient way because setting it up on local machine requires some knowledge about web apps and require installation of various tools. Using the web app for the multisig wallet does not seem to have any security concerns since the signing keys are in your wallet of choice not on Round Table.

Here you can watch this video tutorial about how to use Round Table Wallet.

How DAOs Can Use Round Table

Treasury management is very important for DAOs. It needs to be safe. Not a single individual should be able to in full control of it. The organization might choose how to operate their resources off-chain but without the multisig wallets, these decisions cannot be on-chain in other words, treasury cannot be fully safe. Multisig wallets like Round Table solve the on-chain problem.

DAOs need to be careful using Round Table though. Round Table operates on Smart Contracts and by their nature, smart contracts are irreversible. If the organization set wrong timelocks, they might not access their funds until the timeframe begins or if the timeframe ends so soon, they can lose their funds forever. The loss of one of the signatories can also lead to the loss of funds permanently. Organizations should be extremely careful setting multisig wallets up and avoid any mistake to avoid the loss of funds.

Round Table is an open-source application. DAOs can customize it to their own interests and integrate it into their own platforms.

Reviewer's Notes

Summary

Round Table fills a much needed gap in the Cardano Community with its multisig feature. Multisig transactions are usually very complex transactions to build and having a tool that allows multisig conveniently and easily is very important for a lot of DAOs. Multisig wallets hugely improve security of funds and contribute decentralization.

Additional Links

Author: Emir Olgun

Date: 31 May 2023

Multisig

In order to understand multisig concept, we need to understand how a normal Cardano wallet works. A Cardano wallet, in most basic terms, is a safe that keeps assets inside. Like a physical safe, accessing the assets inside the wallet, the owner needs a key. When you make a transaction, you create a transaction by the assets in your wallet and then sign this transaction to be processed. Multi-signature or Multisig is a special type of wallet. In order to access the assets in these wallets, you need multiple keys just like those fancy super secure vaults in banks. A multisig wallet needs two or more different keys to sign the same transaction. This significantly increases security and decentralization.

Features

Personal Wallet
Multisig wallet
- Multisig
- Timelock
- Custom multisig logic
- Nested Policy

Personal Wallet

Multisig Wallet

This is where Round Table differs from other Cardano wallets.

Multisig

You can add as many signatories as you like for the wallet.

Timelock

Custom Multisig Policy

Nested Policy

Multisig Support

Round Table personal wallet works flawlessy with the multisig wallet as expected.

How to Use Round Table

Here you can watch this video tutorial about how to use Round Table Wallet.

How DAOs Can Use Round Table

Round Table is an open-source application. DAOs can customize it to their own interests and integrate it into their own platforms.

Reviewer's Notes

Summary

Additional Links

Other Chains

Why SourceCred Failed

You are on the right place if, you:

As a DAO tool maker building a tool to coordinate the DAOs efforts,
would like to learn about why SourceCred failed,
so you can decide if you want to implement it in your DAO.

What is SourceCred

2 things

Technology to make labour of individuals visible and rewardable with the necessary nuance.
Organization which was using that technology to improve it and organize its work (That is gone now)

A bit of history

The origin story goes to 2017 when Juan Benet did not know how to pay contributors outside his company Protocol Labs and he connected with Dandelion who was working in google at the time and was working on SourceCread as his side project. One have money and the other one the algorithm … love was made.

Problems it solves?

There is no good enough metric to reward a permission-less organization

Objective metrics are too gamable
- i.e. Per commit, Per line of code
Subjective approaches are biased and do not scale
- i.e. Contributors review each other, Give rating to each contribution

The Solution

Use page rank - google algorithm for ranking search engines based on interconnections and interactions, but adjust it for people.

To prove the concept community was created which was rewarded based on that experimental technology. The experiment ran for almost 2 years and we can now say that the algorithm works at-least in some of its intended functions.

It is now proven that it can increase community engagement
And unlock side projects previously impossible.

How SourceCred Works/Worked

The technology is responsible for a non-transerable individual score called Cred and transferable token called grain. Work created is represented as a “node Graph”, were more connections mean more value, parameters can determine what the community values more and therefore where the rewards flow. Based on that value Cred score is calculated and based on the Cred, Grain is rewarded. Cred measures the value of your contribution and can be corrected in time, grain is there to reward you for your current score and to allow for external parties to support your project.

Examples of how a project might use Grain:

Paying contributors - If project has funds to pay.
Creating a project-specific currency, that can bring additional investments
Creating an internal currency for support of features/ideas.

Each project / community has its own Cred and Grain. The technology in its current state is able to calculate Cred based on data from Git-hub, discourse and discord plugins.

The organisation

Used cred to pay their contributors for SourceCred development
Had tone of interaction on discord, deep contributions on discourse and was developing the software on Github.
It is dissolved now

The Cred distribution

Source cred is usually set up to distribute based on combination of different policies. Those are

Balanced (Lifetime distribution)
Immediate (Last Week) distribution
Recent distribution - introduces a decay rate to immediate, last week distribution

The original recommended setting was 80/20 Balanced/Immediate distribution In 2021 Recent distribution was introduced and the new recommended setting became 25/75 Balanced/Recent.

Core assumptions

value doesn’t exist in isolated artifacts or events, and you can’t measure value by counting events
instead, you need to look at the relationships between contributions to understand their value
contributions are valuable if they are connected to, or depended on by, other valuable contributions

Why did SourceCred winddown?

The organization that is SourceCred has been struggling for a long time now, reads the post announcing the dissolution of the organization … dated Mar 28 2022.

The main reason stated is a lack of interest to continue from the community members themselves. The community was not sure if it makes Sence to push forward. So why would that be?

Apparently it, time to time, Felt like a black mirror episode, a dystopia where everyone is rating each other. We are lucky that the experiment where studied by university researcher which is giving a breakdown of the main reasons that they noticed when talking with team members.

CredRank was complex and making it legible didn’t happen - Difficult to understand your cred score. There were not tools that would easily visualize and align the community around a common goal. That was creating anxiety in the community…
What was rewarded did not always further the product - being loud about your contributions was important, some thought that social interactions were rewarded over work that would progress the product.
Invisible work that was not, or rewarded based on discord likes - organizing meetings, helping with alignment, design, project management … was rewarded only if a person would shout out about it on discord, being introvert would not pay off.
No boundaries for membership - anyone can come and claim funds, creating chaos and anarchy, that can be to detriment of things and makes finding alignment around a goal that much more important, but there we no tools to do so.
Income volatility - people want some stability in life, it is hard to leave anxiety behind when your next pay check will be determined by algorithm. There are some interesting ideas how to deal with that problem.:
- Salaries for core members
- Coordinape?
- Algorithmic - Algorithm where you trade potential rewards for more stability.

What do I take from it as an external observer?

Forums are packed with ideas and discussions dating back to 2019, where until today many of that ideas were clearly never realized.
Discussion include long massive interactions and yet they did not lead to decisive / productive action. Too much talking can be contra productive, but in SourceCred talking was important tool to create rewards and credit.
The whole story is about technology, it is and technology first approach, where the team looks what culture the technology created. It feels that the community should first know what kind of culture they want to have, but that was not the point of the experiment. So for future projects I would recommend to set up the vision of the culture you want to have first and then measure if your technology is getting you there or not.

Case Studies

MakerDAO

Implementation trough DAO forum to reward contributions to the community. No need to register and immediately you are aligeble for rewards, the moment you get 10 USD or more you can ask for them to be send.

Each month 5000 Dai is being distributed, discontinued in 2022. Although activity is still measured. https://makerdao.sourcecred.io/#/explorer

FWB

Does no longer operate, project is gone.

TEC

Still a test run, committee is being prepared. Implemented for github and discourse. Rewards split 59:40 between praise and sourcecred … 10% is for other rewards and to reward the reward board. Github Main Actions

Make an Issue
Make a comment

Interactions In this case “something” can be an issue or a comment

Something is being authored
Something is being merged
Something is being referenced

Discourse Main Actions

Make a topic
Make a post
Give a like

Interactions

You get a reply to your post
You make a reply
Someone makes something with your topic
You make a topic
Your topic is contained in a post
Your topic is referenced
Your post is liked
Your post is referenced
You are being mentioned

MetaGame

Used in the core of metagame, first as experiment than adopted in the core. Sourcecred in its curent form is used but is not working, the more you work the less time you have to report in and therefor the less you get paid. Metagame is therefore restructuring, making source cred the 1st step for casual contributors and newcommers, thinking about adding 2 new layers.:

Coordinape
Stable pay

More about Metagame, the DAO onboarding game how to play life: https://metagame.substack.com/p/wait-wtf-is-metagame

1Hive

Anyone writhe proposal to decide how to distribute faucet to the community. 1 of such proposals is honey being distributed to the community. Rewards interaction on Discord, Forum and Github. Similar issues to SourceCred and Maker, but conviction to persist, post from 2022. Polen distribution - 2.6 mil USD/year begining 2022 Asking for new distribution every 5 weeks, can not get the results from Nov 20. Even in that ask is stated things on fire with people gaming the system, finally quieted down, because the funding run out, time to ask for new rewards.. Token allocations (Gitcoin, Agave) Metacred

Source, interesting articles, Youtubevideos

Attachment, similar tools to SourceCred

Sourcecred - A tool for communities to measure and reward value creation.
Coordinape - Scale your community with tools to reward contributors, incentivize participation and manage resources
Dish Praise - The simplest tool for rewarding contributors. From the Commons Stack, you explicitly mention others.

Chromia Notes

Main Features
Relational Database Model
2.1. Technical Aspect 2.2. Ok so What?
Hybrid Consensus Mechanism
3.1. practical Byzantine Fault Tolerance (pBFT)
Ethereum Virtual Machine (EVM)
4.1. Solidity Programming Language
Further Reading

1. Main Features

Chromia is a decentralized, open source blockchain platform which:

utilizes a Relational Database Model to store its data.
designed to be scalable and flexible.
uses a hybrid consensus mechanism that combines Proof-of-Stake (PoS) and practical Byzantine Fault Tolerance (pBFT) to ensure security
built on top of Ethereum Virtual Machine using Solidity Programming Language, hence supporting smart contracts.

In the following sections you will find a breakdown of the features mentioned in the above. Explanation of key technical terms as well as the benefits or drawbacks they pose.

2. Relational Database Model

2.1. Technical Aspect

This database model is one of the most popular ones. Relational Databases are flexible, easy to understand and to use. They organize data points with defined relationships into tables of rows (tuples) and columns (attributes). Relationship between data is defined using keys. There exist two types of keys:

Primary Keys - a unique identifier for each row in the table
Foreign Keys - a field in one table which is used to reference a primary key on another table.

This allows different tables to be combined and queried in a single database query. Relational model is used by popular database management systems, such as MySQL, Oracle, and Microsoft SQL Server.

2.2. Ok so What?

The technical features mentioned above provide the certain benefits when using them.

A well defined and easy to understand and use Structure.
Keys ensure Data Integrity so there is no inconsistency.
Changes on one table won't affect the other tables hence ensuring Data Independence for an easy to modify database structure.
Structured Query Language (SQL) can be used for Efficient Querying.
Can handle large amount of data and users.
Its popularity offers a larger community support and compatibility in a variety of systems.
Allows user authentication and data encryption hence increased Security.

3. Hybrid Consensus Mechanism

At the current state our community is based on Cardano which uses a Proof-of-Stake consensus mechanism. Therefore, I can safely assume that everyone is aware of the PoS benefits, and there is no need to include them in this document.

3.1. practical Byzantine Fault Tolerance (pBFT)

The pBFT algorithm working principle super simplified: pBFT works by replicating a database across multiple nodes. Each node acts as a replica of the database and communicates with other nodes to maintain consistency and reach consensus on the state of system. In addition, the algorithm uses some kind of voting system to ensure that the replicas agree on the state of the system.

This algorithm on top of being fairly easy to implement, deliverers a high performance (high number of transactions per second). Moreover, it is designed with a "Fault Tolerance" mechanism which in case of crashes or malicious attacks on some nodes allows the overall system to maintain its integrity.

Pos combined with pBFT account for increased security, higher performance and energy efficiency.

4. Ethereum Virtual Machine (EVM)

EVM is a runtime environment for executing smart contracts on the Ethereum Blockchain. Some features that make it a good environment for executing smart contracts are:

It allows smart contracts to be executed in isolated environments hence preventing interference.
It makes possible that all contracts are executed in the same way despite the environment. This feature is called Deterministic Execution and allows to predict the outcome of the contract with a high degree of certainty.
It is resistant to tampering therefore increased Security

4.1. Solidity Programming Language

Solidity is a high level programming language, designed especially for writing smart contracts. It is the most popular language among developer in Ethereum Blockchain. Some of its strengths include:

well-established ecosystem with a wide variety of libraries, tools and a large community.
strict rules for declaring/using variables and data types.
high level syntax and similarity to Javascript and C++ make it easy to learn, read and understand.

Solidity, given its high-level design may pose some disadvantages such as reentrancy, integer overflow/underflow, uninitialized storage pointers, lack of input validation etc. However, the good news is that these can be avoided by employing "best practices" and using certain libraries or tools.

5. Further Reading

Proof-of-Stake consensus mechanism has a major security benefit worth mentioning when compared to Proof-of-Work or practical Byzantine Fault Tolerance. It provides a solution to "Nothing at Stake" attacks.

Before explaining what "Nothing at Stake" attack is it is important to know what a "Forked Blockchain" is.

"Forked Blockchain" is considered the situation where a blockchain is split in two or more chains for whatever reason, including changes in the consensus algorithm or disagreement among chain members. There are 2 types of chain forks:

Soft Fork --> backward-compatible changes in the protocol, meaning the addition of new blocks to the chin while keeping the old ones still valid.
Hard Fork --> NOT backward-compatible changes. This one occurs by creating a new chain while the old one becomes incompatible.

Coti

Exploring COTI

Author: Donald

Date: 18 Feb 2023

1. What is COTI?

The world of finance is witnessing an unprecedented transformation with the advent of the web3 revolution, and COTI is at the forefront of this movement. COTI, which stands for Currency of the Internet, is a revolutionary Layer-1 DAG-Based Blockchain Ecosystem^1^ that has been optimized for payments, with the aim of completely transforming the payment industry.

COTI's mission is centered around making payments faster, more secure, cheaper, and more personalized than ever before. What sets COTI apart from other blockchain ecosystems is its unique consensus mechanism, Proof of Trust (PoT)^2^, which replaces the traditional Proof of Work (PoW) or Proof of Stake (PoS) mechanisms. This innovative feature allows COTI to reduce costs and increase throughput, providing a more efficient and streamlined payment process.

COTI, despite being an independent blockchain ecosystem, has been designed with the capability to interact seamlessly with other blockchain networks. To this end, COTI has developed a cross-chain bridge solution that allows for the transfer of assets between COTI and other blockchains. The current implementation of this solution connects COTI with the Cardano blockchain, facilitating the exchange of assets between the two networks. For more on COTI Cardano Partnership click here.

The cross-chain bridge is just one example of COTI's partnerships with other leading blockchain networks and projects. By teaming up with projects such as Chainlink, Fantom, Simplex etc., COTI is expanding its ecosystem and paving the way for new use cases for its innovative technology. Check out for more information on COTI's Partnerships

These strategic partnerships have enabled COTI to establish itself as a key player in the blockchain space, and demonstrate its commitment to driving innovation and collaboration in the industry. With a strong focus on cutting-edge technology, creative solutions and collaborative approach, COTI is positioned to disrupt the traditional financial landscape and usher in a new era of digital finance.

2. How COTI Works?

Understanding the inner workings of COTI may seem like a daunting task for those new to the cryptocurrency scene. However, there are two crucial terms underlined in the previous section that are essential to comprehend in order to gain a deeper understanding of COTI.

The following section is designed specifically to further explain these concepts in order to fully comprehend the technicalities of COTI and the cryptocurrency market as a whole.

2.1. Layer-1 DAG-Based Blockchain Ecosystem

Layer-1 blockchain systems are considered to be the foundational layer of blockchain architecture. They are standalone blockchain systems that provide the infrastructure for processing and validating transactions. Bitcoin, the world's first cryptocurrency, is a prime example of a layer-1 blockchain system. Other examples include Ethereum, Litecoin, and Bitcoin Cash.

One of the key features that makes layer-1 blockchain systems so special is their ability to provide a decentralized and secure payment infrastructure without relying on intermediaries. This means that transactions can be conducted directly between individuals or organizations, without the need for a central authority or third party. This makes layer-1 blockchain systems particularly attractive for use cases that require trustless and transparent transactions.

Another advantage of layer-1 blockchain systems is their immutability. Once a transaction is recorded on a layer-1 blockchain, it cannot be altered or deleted. This ensures that all transactions are permanent and transparent, and cannot be manipulated or reversed.

However, the number of transactions that can be processed on a layer-1 blockchain system is limited by the block size, which can result in slow transaction times and high fees during times of network congestion.

To address this challange, the COTI team has employed a Directed Acyclic Graph (DAG) which is a data structure that represents objects and their relationships in a one-way, non-repeating structure. In a DAG, each object is represented as a node, and each relationship between objects is represented as a directed (one-way) edge between nodes.

Traditional blockchain systems operate under a sequential model (diagram on the left) in which only one transaction can be processed at a time. Each new transaction is added to the queue and is only processed once the preceding transaction is completed.

On the other hand, the unique structure of DAG permits multiple transactions to be processed simultaneously in a parallel manner (diagram on the right), allowing for a more efficient and scalable approach to transaction validation.

The COTI team has adopted an innovative approach, enabling its users to participate in the original layer-1 blockchain system without any compromise on transaction speed. This unique strategy allows users to enjoy the full benefits of blockchain technology while still ensuring fast transaction processing times.

By implementing this approach, COTI is addressing one of the most significant challenges faced by blockchain systems - speed. The team has effectively created a system that strikes a balance between the advantages of a decentralized, trustless network and the speed of centralized systems. This has the potential to open up a range of exciting new possibilities for blockchain applications, such as secure and fast micropayments, that were previously unattainable due to slow transaction processing times.

2.2. Proof of Trust (PoT)

The DAG structure is built from transactions connected through time by harnessing trust-based algorithms to create a unique consensus-based confirmation mechanism called Proof of Trust (PoT).

COTI's Trustchain Algorithm uses Trust Scores to validate and confirm transactions faster, and it grows as new transactions attach to prior transactions with similar degrees of trust.

The Trust Scores are calculated using a unique machine-learning algorithm that takes into consideration the network participants' historical behavior data and objective information about them. The Trust Score Algorithm ensures optimal performance of the Trust Score-based Source Selection Algorithm. The recommended level of trust for a transaction is 1000, and transactions created by highly trusted network participants (i.e. TrustScore = 85) need at least 12 confirming transactions, while transactions from low trusted network participants (i.e. TrustScore = 12) need at least 84 confirming transactions in the chain.

The DAG-based distributed ledger technology, also known as the Cluster, reaches faster consensus when confirming transactions by using COTI's Trustchain Algorithm. Eventually, the Cluster will be able to validate and confirm hundreds of thousands of transactions per second. All accounts in the payment network have a Trust Score, which is changed according to a user's payment statistics and several event types. The Trust Score Nodes collect transaction and other statistics to continuously update participants' Trust Scores.

COTI's innovative approach allows for fast and efficient transaction processing, low fees, and network security without the need for traditional mining (such as the cas of PoW). Every user is incentivized to engage in trust-building behavior due to the benefits associated with having a high level of trust, such as faster confirmation times. COTI's unique combination of DAG-based technology and trust-based algorithms provides a secure and efficient network for various applications.

2.3. MultiDAG Layer

The COTI multiDAG layer consists of multiple interconnected DAGs, each of which is responsible for processing a different type of transaction. This design enables the platform to process various types of transactions efficiently, including payments, data transfers, and smart contract executions.

3. Use Cases of COTI

Until now I believe that it has been established that COTI (Currency of the Internet) provides fast, scalable, and secure payment solutions.

As already mentioned on the section above, COTI's multiDAG (Directed Acyclic Graph) layer is the backbone of the platform, enabling it to process various types of transactions quickly and efficiently. The multiDAG layer consists of multiple interconnected DAGs, each responsible for processing a different type of transaction, including payments, data transfers, and smart contract executions.

One of the most significant advantages of COTI is its ability to support microtransactions. Microtransactions are small transactions, typically less than a dollar, that are often used in gaming, digital content, and other online services. COTI's platform can process microtransactions quickly and cheaply, making it an ideal solution for businesses that rely on these types of transactions.

COTI also offers feeless transactions, which means that users do not need to pay transaction fees when using the platform. This feature is beneficial for businesses that process a high volume of transactions and want to save on fees. If you are asking yourself how do they prevent spam transactions take a look at this article.

Another key feature of COTI is its instant settlement capability. This means that transactions on the platform are settled immediately, without the need for confirmation from other nodes. Instant settlement enables businesses to receive payments quickly and efficiently, without the risk of chargebacks or delays. Trustchain enables COTI to process up to 100,000 transactions per second, making it one of the fastest. blockchain platforms on the market.

COTI's platform can also be used in the e-commerce industry, where instant settlement and feeless transactions are essential. The platform's technology can enable businesses to process payments quickly and efficiently, while also saving on transaction fees.

4. Partnership with Cardano

In May 2021 COTI and Cardano announced a partnership aiming to develop a new payment solution by leveraging the strengths of both platforms. The primary goal of the partnership was to create a bridge between the COTI and Cardano networks, enabling users to transact seamlessly between the two platforms.

The partnership between COTI and Cardano combines the unique strengths of both platforms. COTI offers fast and scalable payment processing, with cutting-edge features such as feeless transactions, instant settlement, and support for microtransactions. Meanwhile, Cardano provides a decentralized and secure infrastructure for building decentralized applications (dApps) using a proof-of-stake consensus mechanism. Cardano also offers advanced features like smart contracts and interoperability, enabling seamless integration with other platforms. Together, the partnership is positioned to create a new payment solution that will offer fast, secure, and scalable transactions, while also fueling the growth of digital assets and decentralized finance (DeFi) solutions.

Leveraging these strengths, the COTI Cardano partnership is expected to develop a new payment solution that will enable users to transact seamlessly between the two networks. COTI will leverage Cardano's scalability and interoperability features to expand its payment solutions, while Cardano will tap into COTI's innovative features like instant settlement and feeless transactions. The partnership's success is expected to accelerate the adoption of blockchain technology and drive the growth of the broader blockchain ecosystem, opening up new opportunities for businesses and individuals alike.

The partnership has already created a new stablecoin called DJED. It aims to be a stable and transparent digital asset that can be used for transactions within the COTI and Cardano ecosystems. For more on this topic, read my other article where I take a deep dive into DJED stablecoin.

All in all, the COTI Cardano partnership is a significant development in the blockchain industry, as it brings together two leading platforms to create a new payment solution. It is expected to enable fast, secure, and scalable transactions while also facilitating the adoption of digital assets and decentralized finance (DeFi) solutions. The success of the partnership could pave the way for future collaborations between blockchain-based platforms and help to drive the growth of the broader blockchain ecosystem.

5. COTI's Roadmap for 2023

Please find below a condensed version of COTI's roadmap Medium article. For a more comprehensive understanding of the roadmap, we recommend visiting the original article. Please note that some details may be excluded in this summary.

COTI has an exciting roadmap for 2023 with some significant improvements planned for its ecosystem. The platform has already launched the DJED stablecoin in early February, marking the first step on its ambitious roadmap. Moving forward, COTI plans to launch a new Treasury governance token called $gCOTI, followed by an upgrade to Treasury 2.0. COTI will also be fully implementing COTIPay Business, providing businesses with a comprehensive suite of payment solutions. The most significant milestone of the roadmap is upgrading the entire ecosystem to COTI v2, which promises to be the largest revamp since COTI's release in the mainnet in 2019. Lets take a brief look to these new features:

5.1. $gCOTI

$gCOTI, a Treasury governance token, will be launched with the aim of providing multiple benefits to loyal COTI community members and Treasury contributors. These benefits include governance participation, an APY booster, and participation in liquidation rewards. The $gCOTI token will be distributed at no cost to eligible community members, and the platform will release more details about the launch campaign soon.

5.2. Treasury 2.0

COTI's Treasury, which was launched in 2022, has been a massive success, attracting over 490 million $COTI tokens to date, accounting for more than 44% of COTI's circulating supply. COTI plans to further enhance the Treasury's capabilities with the introduction of Treasury 2.0, allowing for new tokens to be deposited and locked. To support sustainability and efficiently manage liquidity, COTI will introduce a new component to the Treasury ecosystem, the Treasury Reserve Fund, which will collect fees from all Treasury components and hold $COTI tokens. The Stability Pool will expand the Treasury's reach to other networks and incentivize Stability Providers with rewards in $gCOTI and $COTI tokens. $gCOTI holders will have the opportunity to participate in the liquidation process, benefiting from discounted $COTI. Finally, the Treasury will offer token swaps to users, adding more value to its participants and extending its reach to other network participants and token holders. These enhancements are poised to increase the value captured by the Treasury and open up new use cases for its participants.

5.3. COTI v2

COTI v2 is the next version of COTI, which will innovate on both the tech stack level and the use case level. The new version will be a Layer 1 that is compatible with multiple chains, offering smart contracts and a programming language that can expressively capture regulatory requirements. COTI aims to offer building blocks for those who wish to develop freely in a future that will most likely be regulated. To support its growth and usability, COTI has revisited its current emission schedule and adjusted it to include flexible and more attractive rewards to node operators over time. COTI v2 is expected to require new tokenomics that will support the growth and expansion of the new network. The team has pledged to release a comprehensive whitepaper within the year, providing in-depth information and details on the new developments.

6. Additional information

Relevant Links

Official COTI Website

Official COTI Twitter Account

Official COTI Medium Account

Official COTI Github Account

Official COTI YouTube Account

Disclaimer: The content is for informational purposes only, may include the author’s personal opinion, and does not necessarily reflect the opinion of littlefish Foundation. Most of the information covered in this article was obtained from COTI Technical Whitepaper and was analyzed independently.

Kleoverse

Exploring Kleoverse

Author: Uli

Date: 07.03.23

What is Kleoverse?

Kleoverse is a Web3 platform provider that helps individuals to find a source of meaningful work in the Web3 space. It allows users to create a professional identity with on-chain verified skills, build a Web3 portfolio, and land their dream job. Additionally, Kleoverse has a DAO project management and resume-building tool that can be used to search for open projects and apply for them. Through the platform, users can also track their progress and receive rewards as NFTs. At the moment there are around 2100 listed organizations, 560 job offerings and 68000 listed contributors.

What's the team behind Kleoverse?

Kleoverse is a Web3 startup from Finland. They are founded in 2021 and launched their product also called Kleoverse in early 2022. Their values are passion, freedom, trust, transparency and long term thinking.

How to us this tool

As a organization

Register as a DAO by filling out the following and determine the DAO Maintainers.
Add picture, description and social media accounts to your DAO profile.
Add information how contributors can join of the DAO.
Organize your project as bounties for which contributors can apply for and earn rewards.
Post job offering and get connected with web3 developers.

As a contributor

Register as contributor with your wallet and create a profile.
Become a member of a registered DAO and contribute to projects by resolving Bounties.
Earn Badges for your work an your skills and create a reputation and a web3 resume.
Follow other contributors and organizations and send Kleoverse internal messages to them.
Keep an overview of your applications for bounties and jobs.
Keep an overview of your notifications.

Features

Connect Wallet

You have to connect with Metamask, Coinbase Wallet or Wallet Connect.

Badges

Badges are NFTs that are minted on the Polygon mainnet and have to be paid with Matic. You can mint them to prove your talent. Available Badges are:

Identity Badges (Github passport, StackOverflow passport)
Skill Tokens (Typescript skill, Rust skill, Python skill, Solidity skill)
Course Badges
and multiple other Badges showing your contributions to organizations and projects

Bounties

As a DAO you can organize your projects tasks in Bounties (manageable pieces of work) for which contributors can apply to. You can distinguish between internal (only for DAO member) and external Bounties that everyone can apply to.

Jobs

There is a Job board where organizations can list job offerings and contributors can apply to.

Organizations

You can search for listed organizations based on

Categories (DEFI, PRODUCT, GAMING, COLLECTOR, SOCIAL, PROTOCOL, SOCIAL CAUSE, SERVICE, CLUB)
Chains (ETHEREUM, BINANCE SMART CHAIN, SOLANA)
other Setting (with Bounties yes/no, with Jobs yes/no, claimed DAO yes/no)

Profiles

Shows the profiles of the registered contributors, their social media links, their badges (Proof of Work, Proof of Talent) and their NFTs. You can follow the profile and send a contact message to the contributor.

Showcase

Leaderboard

A Leaderboard shows the contributors ranked by their skill tokens and Proof of Talent Badges ind the categories Typescript, Rust, Python, Solidity.

Profile creation

You can create your own profile page that includes

profile pictures
bio information
interests ( to choose from categories: Backend Developer, Blockchain Developer, Frontend Developer, Business Developer, Writing, Designer, Marketer, Community Manager, Content Creator, Auditor, Degen, Founder, Product Manager, Governance, Analytical, Data Scientist, Finance, Operations)
references to other channels (Twitter, Discord, Telegram, Website, Email, Github, StackOverflow, Lens)
current work status (hiring, looking for work, providing service)

Comparison to DeWork

It seems that you need an ETH address and one of the supported wallets to participate.
A lot of listed organizations don't look very well maintained, including the Kleoverse DAO, that means no jobs and no bounties available .
As a contributor you can apply to a bounty, but you don't have an overview of the other bounties of a project that are in progress or in review like in DeWork.
I tried to create a DAO but I get a server error so I cannot test something like bounty creation.
When you apply to a bounty you have to give your Discord name and some details why you should be chosen for this bounty and links to your previous work and expertise.

Wonderverse

Author: Creed

Date: 14 March 2023

Introduction

If you do not already know what Wonderverse is, here's a glimpse of what the tool brings to Web3 space; Wonderverse is one of the groundbreaking native DAO tool that combines a handful of critical pieces for managing any kind of participation in a DAO.

Additionally, Wonderverse exists to build a community-led platform that'll nurture collaboration between organizations, and contributors - in the meantime, allowing users to own a share of equity.

How does it works?

Having known what Wonderverse is, let's dive into how the DAO tool works. So, firstly, when Wonderverse is launched, it will become a place where people can seamlessly manage, and track their DAO activities without any hurdles. With Wonderverse, users and DAOs can integrate Crypto into the project management - that's interesting right?

Comparison between Wonderverse and other platforms(Dework)

Currently, Wonder tokens are being used to reward contributors on Wonder - while on other platforms like Dework, DAOs have their own personal token. Additionally, even if your DAO doesn't have its own token, users can still create tasks, and attach points to them. This might be a downside of Wonderverse over other platforms like Dework.

Wonderverse is still in its early stage, it cannot integrate with some DAO tools - but, with other DAO tools like Dework, you can integrate easily. You can import projects from Notion, Trello, Github etc.

How to use wonderverse:

If Wonderverse is completely foreign to you, there's no problem - here's how you can use Wonderverse without any hurdles. Anyone looking to revolutionize the world with his/her idea can launch Web3 project with Wonderverse.

Input your name and description:

Give your DAO a unique name, and tell the world what you have to offer them in the description box. Just so you know; the name you input will be the name of your organization - be sure it is unique though. Your name will be displayed at the top of your workspace, and basically elsewhere in Wonderverse. In the description box, tell the world why you exist, what value you'll bring to the world as well as what your organization's goals are - this information will be displayed in the header of your Wonderverse workspace, and it will be visible to all Wonder users.

Progressively, you'll need a nice looking logo and header image to help your own brand stand out from the crowd. Your header image could be a means of brand awareness or even for adverts - it's up to you anyway.
Select Organization Category:

Categories is another way of describing what your brand is all about, it's more like a niche - this way, users will have a peek of what your organization is focused on. With your categories, you will be able to pair your DAO with several contributors; just to mention a few.

Connect Discord:

Discord is no longer a new phenomenon; it is one of the tools used by decentralized autonomous organizations for managing their DAO activities - with Discord, you can import roles alongside other cool stuff.

Review: Take a minute to review all the information you've put down and that's all; pretty simpler than you can ever imagine. Don't worry! You can still edit your workspace once it has been created.

What are the possible problems to encounter when using Wonderverse instead of dework?

There is still a problem with the automation and integration of DAO tasks on Wonderverse; For instance, when DAO posts a task, and it is claimed by a contributor - it doesn't integrate with other tools the DAO uses - examples, Discord or Notion.

Conclusion

Wonderverse's mission is to make the world a global village while creating opportunities for many people to have a better life. With Wonderverse, be sure that your project will be a success in the market.

Additional Links

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of littlefish Foundation.

Clarity Project Management Tool

Author: Newman5

Date: 1 March 2023

"Clarity is the simplest workspace for remote teams. Easily plan projects, track tasks, and stay organized with a simple all-in-one workspace that automates tedious project management work."

⚒️Here's how it works -

Base is the starting or top level view. Each Base has a home, roadmap, wiki, groups and roles section / menu item.

Home is a place to add documents as well as resources like web links and hashtags (which search the entire base). Collections are placed on the home area (and can be created / edited there).

Roadmap is table of tasks with milestone sections.

Wiki is like a library or a like the Littlefish vault, a knowledge base for documents and resources that grows organically with the organizations work.

Groups & Roles - are sort of like folders for 'Bases'. You can create several groups. Each group has an overview (an activity feed), work (task kanban board or a projects list ), Docs (a listing of documents) and Settings page.

Settings - Each base has privacy settings. Token gating is built in. You can have a custom domain name. There are default roles and roles can be customized, also with token requirements (ETH based tokens and NFTs). There are three core plug-ins at this time (March 2023) - Rewards, Milestones and Weekly. Weekly is a weekly newsletter / announcement feature. There is a discord integration (similar to Dework)

Additional - Views, Tags and Payouts.

Creating Documents and other actions

Clarity uses a block based editor. This allows for commenting, block level linking, and on the fly task creation. Uses MD formatting in a WYSIWYG editor. Title and tagging is done in a semi - automatic way.

Other actions: Tagging creates a page in the wiki and in the Tags view. But I can't find a section that actually says 'Wiki' - so it seems that the only way to navigate it is via tags.

Creating Tasks (in a document and from the task board)

Creating Projects and Roadmaps

Creating Goals

Creating groups (pods)

Creating tags

Creating views

Creating Collections

⚖️Comparison to Dework. Why should we or should we not switch to this platform

Dework and Clarity are similar and perform many of the same tasks.

Clarity seems to be more 'user friendly', less intimidating, and less polished. The app doesn't feel as mature as Dework. The admin seems straightforward and does advanced things (like token gating) in a simple way. I am not sure if Dework has a token-gating feature, that is to say permissions set according to a token held in a wallet. You can sign in to Dework with a wallet.

For instance, the Kanban / Tasks board on Clarity is more intuitive to me than Dework. The Clarity interface is cleaner and less confusing. The Dework interface seems overloaded and unfocused.

Clarity's focus seems to be on 'contributor community' and the sub-groups within the larger community. This would be equivalent to the working teams in typical DAO structures. Sharing and visibility between groups is a highlighted feature. For instance, if there is a goal or proposal that includes work from several different 'groups' or 'pods' then the activity can be shared on the community wide roadmap.

Payouts can be done at the group level.

The power of the Clarity might be in the document creating features, which are not available in Dework. Many communities use a separate app for document sharing (GoogleDocs, HackMD, Obsidian, Dropbox, etc.) and the features may overlap. However there may be a workflow that includes Clarity with these other apps. Perhaps plugins / integrations are on the way.

Dework uses the power of the platform of other Network Orgs. A user's profile on Dework is accessible on all other organizations using Dework. Clarity is not set up this way, as I understand it.

Clarity makes onboarding a priority thru a wiki system and configurable 'Base home screen'. You can pin resources to a 'collection' which can include several types of resources like web links, documents, etc.

Allows users to create tasks and assign them to team members, as well as set deadlines and priorities.
Offers multiple views, filters and sorts where users can see all their tasks and deadlines in one place. Kanban and List views are featured.
Has a real-time progress tracker that allows team members to see each other's progress and stay up-to-date on the status of a project.
Offers the ability to create projects and group tasks by project.

Clarity.so:

Allows users to create articles, which can be used as tasks or action items, and assign them to team members.
Offers a list and Kanban board view that allows users to see all the articles in a project, as well as their status (such as "To Do," "In Progress," and "Done").
Provides a search function that allows team members to find relevant articles quickly.
Has a user permissions system that allows administrators to control who can edit and access articles.
Offers the ability to create and manage projects.

Overall, both Dework.xyz and Clarity.so provide tools for managing tasks and coordinating group work, but they do so in different ways. Dework.xyz offers a more traditional task and project management system, while Clarity.so focuses more on creating and organizing knowledge bases and action items.

:shrug: Possible Problems

Moving to another tool has inherent problems. However the two tools have many of the same metaphors - Tasks, assignees, etc. There are slight differences in terms. For instance, Dework spaces are similar to Clarity groups. A 'Base' in Clarity would be similar to an account in Dework. It's worth noting that both tools integrate with Discord.

I don't think it would be huge shock to move to another system. The block based editor might be a challenge for some. A fresh start might be an incentive to the community to embrace the task / project management tool.

Reference

Charmverse

Author: Newman5

Date: 1 March 2023

Charmverse is a cloud-based project management tool that enables teams to collaborate on tasks and projects in real-time. The tool is designed to help teams stay organized, track progress, and improve productivity.

Tag lines for Charmverse - "Web3 operations platform - tasks, docs, bounties and voting". And, "Onboard and engage web3 communities"

Charmverse includes a member directory feature that allows users to easily search and sort through members of the community based on different criteria, such as role or activity level. The directory also includes role-based access, which ensures that sensitive information and permissions are only accessible to authorized users.

A forum feature that allows users to tag and filter discussions based on specific topics. The forum also supports threaded conversations, which means users can reply to specific messages within a discussion thread. Additionally, users can vote on the usefulness of a particular message by clicking on either the up or down arrow next to it. This feature allows users to prioritize the most relevant and valuable information within a discussion.

A task board feature that allows users to post bounties for specific tasks. This feature supports crypto payments, which means users can offer a cryptocurrency reward to anyone who completes a task.

⚒️Here's what you can do

Sign in with a ETH wallet or with Discord account
Create a page - for teams or projects or a general shared document
Create a task
create a new tasks view with a different layout (board, table, gallery, or calendar)
create a filter or sort for the tasks
Create a new template for tasks
View the calendar
Create Calendar items
View the NFT Gallery
Create new NFT profiles (not actually minting NFTs)
Invite a new member
Create a proposal
Create a stand alone bounty
Create a bounty
Create a forum post
Create a comment on a forum post
Up or Down vote a forum post
Add a new category for the forum posts
Change settings - for account, profile, or 'Space'

⚖️Comparison to Dework. Why should we or should we not switch to this platform

Writing proposals is not available on Dework. Dework does have the community suggestions area, but it is not equivalent.

Charmverse organizes its community through Spaces, which are similar to the "DAO" in Dework and the "Server" in Discord. Your account profile follows you across different Spaces, allowing for a consistent experience across the platform.

There is an interactive onboarding document with quality explainer videos under 2 minutes long.

Charmverse has several features that make onboarding new users simple and seamless. Users can invite others to the platform using invite links, which can be shared via email, social media, or other communication channels. Additionally, Charmverse has a token-gate feature that requires users to hold a certain crypto assets in their wallet in order to access the platform. Onboarding to Charm is smoother than Dework, in my opinion.

Charmverse makes it easy to import roles from Discord, which can save time and effort when setting up roles and permissions for different users.

Charmverse has a unique way of navigating its folder structure that's worth mentioning. On the left column of the interface, you'll find a familiar file tree layout similar to what you'd see in Windows OS or IDEs like VSCode. This is where you can organize your projects and functional groups, with an interface that resembles a standard file and folder structure. The metaphor used is intuitive and easy to understand.

Charmverse is open source. Dework is not.

🤷‍♂️ Possible Problems

Resistance to change and learning curve are common problems when switching software. My opinion is that the learning curve will not be very steep because both tools have a similar feature set and the UX of Charmverse is less clunky than Dework. If you understand Dework, then it will be no problem to pick up Charmverse.

Charmverse might have some overlapping features with other tools used by most community organizations. Charmverse can replace Dework for project and task management. But what about the calendar, forum and knowledge base features?

While its UX is intuitive, the block document editing will require the most adjustment, in my opinion. However, I believe that we will be able to adapt quickly to this new way of working should we choose to switch to Charmverse.

❓Questions and Notes🤔:

❓Is seems like this might be a replacement for Discord with the forums feature? Does Charmverse integrate with discord?

❓Token-gating is interesting. I wonder how hard it would be to use a Cardano coin. Perhaps Milkomeda could help.

🌎 Reference

Swae

Swae an Organizational Tool

Author: Donald

Date: 14 Mar 2023

Introduction

Swae is a cutting-edge platform that offers an all-in-one decision making and governance tool, designed to empower the next generation of Web3 DAO (Decentralized Autonomous Organization) communities. Swae provides a user-friendly interface that streamlines the decision-making process, making it easier for DAOs to manage their operations and foster collaborative decision making among their members. With Swae, DAO communities can make informed decisions, manage their resources more effectively, and build a more transparent and decentralized future. Swae is part of the broader SingularityNET ecosystem.

To learn more about DAOs, please check out my other article where I explain everything in detail.

Initially, Swae was not explicitly engineered for DAOs or blockchain technology; rather, it was crafted to cater to conventional organizations. A noteworthy feature of Swae is its ability to facilitate the ascension of promising ideas from the grassroots level to the upper echelons of management. Consequently, this empowers leadership with well-prepared concepts primed for execution.

The procedure for sifting through promising ideas and presenting them to the leadership for assessment consists of six stages:

Formulate a mission and establish performance indicators.
Gather proposals through crowdsourcing.
Refine the pitches utilizing artificial intelligence (NLP and GPT-3) and collective editing.
Employ crowd voting to filter the most viable ideas.
The most compelling concepts naturally rise to the forefront for decision-making.
Leadership is supplied with well-prepared proposals, primed for implementation.

Some Features of Swae Platform

By clicking the "Create a New Proposal" button at the top, users are directed to a form where they can input the required information for their proposed idea. The subsequent section gives an example of the proposal creation process.

The image to the left displays Swae platform's primary menu. The first tab, labeled "My Feed," caters to users by showcasing missions relevant to their areas of interest. This tailored approach ensures that users remain engaged with the topics they are most passionate about.

The Missions tab displays various objectives available on the platform.

The Decisions tab reveals the choices made by community members throughout every stage of the process.

The Insights tab is exclusively accessible to users who possess administrative privileges for a particular mission.

Create a Proposal

This section is designed to be self-explanatory, requiring minimal clarification. The team has meticulously prepared it to streamline the proposal-writing process, ensuring an effortless experience for individuals eager to submit their ideas.

Upon completing a proposal, users can access AI assistance located on the right-hand side of the screen. The accompanying image displays the initial tab, which is the AI analysis. This feature provides valuable feedback on the proposal, including aspects such as sentiment, emotion, estimated reading time, and overall readability.

Adjacent to the tag displayed in the image, a second tag provides a concise 30-second summary of the proposal.

The third tag offers valuable feedback on grammar and vocabulary usage.

Collaboration With DAO Member:

Employee Management: Decentralized organizations need this tool to help them engage with employees for greater organizational health. It is believed that giving employees a voice creates an engaged culture. These employees are 66% more productive and having them as part of your team will rapidly help your organization grow faster. When it comes to managing employees in one single platform, Swae is one of the platforms you can always count on.

For Smart Remote Meetings: Swae is important for decentralized organizations because Swae it is reliable when it comes to working remotely and collaborating with your team members in a virtual manner. Swae works like other remote meeting software out there - Zoom, Google Meet, but, it offers more advanced features.
Customer Crowdsourcing:

What if I told that most successful global brands in the world have one thing in common! For a brand or businesses to reach business goal, they usually include their customers in their ideation and decision-making process as well. Swae can significantly help decentralized organizations tap into their customers for more informed decisions that will make their organizations grow faster. Keep in mind that customers have the answer to your most challenging problems, and want to be asked some few questions often times; either to improve user experience or whatever case it might be, be sure to always carry your customers along.

Additional information

Relevant Links:

-D.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of littlefish Foundation.

Ensuro

Author: Creed

Date: 27 Feb 2023

Introduction

It is known that Ensuro is a decentralized insurance platform built on the Ethereum blockchain. The platform is designed to provide a more efficient, transparent, and secure way for individuals and businesses to buy and sell insurance policies.

The Ensuro platform operates using smart contracts, which are self-executing contracts with the terms of the agreement between the buyer and the seller being directly written into lines of code. This eliminates the need for intermediaries such as brokers and underwriters, which can lead to faster and more cost-effective insurance transactions.

Ensuro

How Does Ensuro Work?

It might interest you to know that Ensuro protocol exists to help us build liquidity pools to lid insurance risk. In the meantime, users are allowed to become an insurer, it also helps to provide a fast and convenient path to capital for insurtech companies as well as risk model providers who are looking to striking products. And also, it's also flagrant that Ensuro might reach the level of the current Decentralized Finance (DeFi) space.

Ensuro is a decentralized insurance platform that aims to provide affordable and accessible insurance services to individuals and businesses. The platform is built on Ethereum blockchain and uses smart contracts to automate insurance policies, claims processing, and payments.

The traditional insurance industry is plagued by high costs, low transparency, and a lack of innovation. Insurance companies often charge high premiums and are slow to process claims, leaving customers frustrated and dissatisfied. Ensuro is more efficient than traditional trading because it utilizes cutting-edge technology to automate the entire trading process, meaning transactions can be completed much faster than manually executing orders. This automation also helps to keep costs down since Ensuro has a low cost-per-trade structure. In addition, its liquidity pooling system ensures that the market is highly liquid and enables traders to access the best available prices while providing additional layers of security. The combination of automation and liquidity pooling make Ensuro one of the most efficient and secure trading platforms available.

Ensuro seeks to address these issues by using blockchain technology to create a more efficient and cost-effective insurance system. Since the advent of blockchain, a lot has evolved - millions of people from all walks of life are leveraging it already. Needless to say, the web3 industry is growing progressively plus, we've also heard of different possible ways to earn money through them.

Tokenization made its debut during the era of web3 - this gave people their own rights to digital assets. That being said; ensuro also adopted the tokenization technology.

What Does Ensuro Undertake?

The Ensuro protocol has some series of actions it takes; the first set of actions is the deposit action. With the deposit action; all users can seamlessly deploy capital in any of the liquidity pools - the deposit action could be to update index, update user balance, or token interest rate.

On the other hand, the withdraw action is the second set of actions Ensuro carries out - in this case, users are allows to exchange insert amount to withdraw, update index, withdraw amount just to mention a few.

Ensuro has two main features which I'd talk about in a couple of minutes - the first which is referred to as π-eTokens:

The π-eTokens is one of the technologies used by Ensuro - it is worth knowing that each of the π seamlessly corresponds to a different cashback period. In one sense; whenever a user deploys a capital in any pool, the π automatically sends a withdraw transaction, once it is accepted, they would have to wait for a little while longer - the waiting time could be as long as the cashback period of the pool.
The second technology used by Ensuro is known as Tokenization - the word is no longer a new phenomenon. Tokenization is used to provide access to ownership. For the sake of clarity, we could say that Tokenization is the process of converting the rights to an artwork into a digitalized token.

The Ensuro platform allows anyone to create and purchase insurance policies without the need for intermediaries or middlemen. Smart contracts are used to automate the insurance process, from policy creation to claim processing and payment. This eliminates the need for paperwork, reduces administrative costs, and increases transparency.

The Ensuro platform uses a unique risk pool model to determine the premiums for insurance policies. A risk pool is a group of policyholders who share the risk of potential losses. The premiums are calculated based on the size of the risk pool and the likelihood of a claim being made.

This means that policy holders only pay for the actual risks they face, rather than being charged a flat rate that may not reflect their actual risk profile. One of the key advantages of Ensuro is its transparency. All policy terms and conditions are stored on the blockchain, which means they are accessible to anyone and cannot be altered or tampered with.

This provides customers with peace of mind and helps to build trust in the insurance process. Ensuro also uses a decentralized claims processing system. When a claim is made, it is automatically processed by the smart contract and paid out to the policyholder. This eliminates the need for claims adjusters and reduces the time it takes to process claims. Additionally, because the claims process is automated, there is less chance of fraud or errors.

Ensuro's platform is built on Ethereum blockchain, which is known for its security and reliability. The use of smart contracts also ensures that policies and claims are processed in a secure and transparent manner. This provides customers with a high level of trust in the Ensuro platform. In addition to its benefits for individual policyholders, Ensuro also provides opportunities for businesses to participate in the insurance market.

Businesses can create their own risk pools and sell insurance policies to their customers. This can help businesses to differentiate themselves from their competitors and provide additional value to their customers.

Conclusion

Currently there is not a project that does what Ensuro does in Cardano Ecosystem but Ensuro can still be useful for the organizations on Cardano Ecosystem.

Ensuro's decentralized insurance platform has the potential to revolutionize the insurance industry. By using blockchain technology and smart contracts, Ensuro is able to create a more efficient, cost-effective, and transparent insurance system. The platform's focus on risk pools and decentralized claims processing helps to reduce costs and increase transparency, while its use of the Ethereum blockchain ensures security and reliability.

Overall, Ensuro is an exciting development in the world of insurance. As more individuals and businesses become aware of the benefits of decentralized insurance, it is likely that Ensuro will continue to grow and evolve. If you are interested in learning more about Ensuro and its platform, you can visit the company's website or join the community on social media.

Additional Information

Relevant Links:

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of littlefish Foundation.

Coordinape - App for Action Rewarding

Coordinape is an application that brings a solution by approaching the traditional action and reward system with a different approach. Generally, the payment system in DAOs is controlled by an authorized persons. Those people distribute the determined payment amounts to their members on the basis of their contributions. Coordinape changes this traditional structure, allowing team members formed for a task to distribute the determined payments to each other.

1. How it Works ?

Create Circles

Circles are group of contributors within a DAO, they have a budget to distribute among themselves.

Create an Epoch

Epoch is the period when team members interpret each other and distribute the determined budget to each other on a specified date. Each Circle member receives a specific quantity of GIVE tokens at the beginning of the Epoch . As a compensation for the value they add to the Circle, members distribute tokens to one another throughout the Epoch.

* Opt Out

Team member who is already paid via other channels and does not want to be get paid during the epoch

* Opt In

Team member who wants to receive GIVE* during epoch period.

GIVE is a non-pecuniary token, created to represent transactions within the Coordinape.

Distrubute Rewards

Distribute Gift Circle and Fixed Payments through Vaults or export them as CSV.

2. How to Use ?

The design of the Coordinape application is simple and easy to use for the users.

2. CoVaults

You can avoid exporting the Coordinape CSV in order to carry out batch payments using third-party programs by using Coordinape Vaults. Coordinape offers a panel where admins can track and manage their team's and send multiple transactions with ease.

CoVaults offers 2 payment methods, fixed and action based.
Vault only supports ERC-20 tokens, DAI or USDC

3. Dework Integration

Coordinape provides Dework integration, there is detailed documentation on how to do it on their web site.

4. Additional Notes

In order to use the Coordinape application, it is necessary to have an Ethereum wallet.

Discord Bot is Available

Detailed documentation on usage and use cases is available on the website.

5. DAOs using Coordinape

- Masq Network MASQ_ is the Polygon-powered privacy ecosystem that gives users anonymous access to the uncensored global web from anywhere in the world.

- Bankless DAO BanklessDAO is a decentralized community with one mission: Help the world "gobankless".

- PoolTogether PoolTogether is a blockchain protocol for prize savings.

- Forefront Forefront is content and insights aggregator on social tokens and tokenized communities.