Solution to Improve DAO Governance Efficiency

1. Motivation:

I believe Bancor DAO is very serious about the its Governance Process and involving community in making key decisions as evidently by the amount of work has go into this document (A Guide to BancorDAO Due Process)

I’m a co-founder of Syncvote. I believe our tool can add tangible value to the implementation of Bancor ’s governance process without any changes to the current setup. The goal is to let admins and members focus on making decisions instead of getting lost in tech stuff.

2. Problem Now:

I see 3 existing problems in implementing Bancor governance process:

  1. The proposer must remember all the technical details of the governance process to avoid making mistakes.
  2. The proposer has to bounce around different platforms, such as Discord, Forum,… for each step of the process.
  3. Any solution that could potentially consolidate everything into one platform for consistency and ease of navigation would require the DAO to abandon its current setup and adopt a new one.

3. How We Solve It:

Syncvote provides a chrome extension. It works as a unified front-end for any DAO member that wants to make a proposal to Bancor. It acts like a central hub, no more bouncing between different platforms. Members can kick off and handle proposals, watch progress, and move through stages – all in one interface.

Why Syncvote will fit nicely into the current Bancor practice:

  1. Non-invasive, there isn’t any new platform to familiarize with, just open the extension and click “start new proposal” to start.

  2. The extension works with all the platforms DAO has been using, so you don’t need to make any changes to your current setup.

  3. It’s free, our goal is to eventually put every DAO to operate completely on-chain, so until Bancor decides to write data on-chain; it won’t cost you anything.

My co-founder’s created this video to illustrate how the plugin works for a DAO: Syncvote Demo

4. Next Steps to Implement:

To implement this transformative solution for Bancor, we propose the following steps:

  1. After the proposal has been passed, I will convert the Governance Process into a format compatible with Syncvote. An administrator/coreteam member can help me to follow-up and also check its accuracy.
  2. After that, Bancor will start announcing to community members on forum, announcement channels on discord and twitter… that they can start using Syncvote extension to make new proposals from then on.

In conclusion, I see this as a straightforward implementation that helps to smooth governance experience for Bancor community members. I would be grateful if Bancor adopts Syncvote.

Thank you for reading my post. I would like to have your feedback on this topic.

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Hi @Como,

It seems you have already started two posts on the same topic:

It seems more efficient to keep the conversation in one place.

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yes you are right, because we update our product so I up a new proposal

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Hello mates,

Can admin or any community members instruct on how to make a product demo to show how Syncvote could really fit into DAO governance?

I want to emphasize that Syncvote is designed to bring tangible value to DAO operations. I see there’s no feedback and suggestion for a while, so just come again to ask about your thought on Syncvote.

After the last post, Syncvote has improved some UI features to smooth community member’s experience on DAO’s governance. I think that a demo would be a good way to show how Syncvote could fit for Bancor’s operation

Could you suggest any idea on that? I would love to discuss more for Bancor,

Hi, there have a been a handful of these posts on more than one thread. I assume by the Syncvote team.

I think that lack of response indicates people might not be very interested or they find this marketing approach a bit awkward.

Please keep the conversation limited to protocol governance. This is not the right place to market your product.

Thank you.

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Thank @foxsteven for your feedback, and it is reasonable.

Actually, each proposal has different approach to each other, since we are proposing only one specific feature in 1 proposal, to deal with specific issues of DAO. As you can see, the last proposal is about redraw the governance process to make it friendly to community members, while this one is about a hub to unify the member’s activity into one platform.

Bancor has really active community, and I believe that Syncvote could contribute to that.

What do you think? Would love to discuss more.

Bro, its marketing and its annoying.

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