[1IP 42] Karma Delegate Dashboard for 1inch DAO

**Title: **[1RC] Karma Delegate dashboard for 1inch DAO

Summary

Karma would like to implement a custom delegate dashboard that can be used by the 1inch DAO and the community to onboard delegates, get visibility into their activities, hold them accountable, improve voting participation and further decentralize the DAO.

Abstract

Karma will set up the delegate dashboard for contributors to sign up and update their profile. Our team will work with the DAO and index all the systems where delegate activity can be tracked. This will include Snapshot, CommonWealth forum, Discord and any other systems that contributors are active in. The aggregated stats will be updated on a daily basis and displayed in the dashboard for the community to monitor. Token holders can utilize this information to find the right candidate to delegate their voting power to.

Motivation

Effective governance in a DAO requires a diverse group of governance participants, each bringing their unique perspectives and expertise to the table. To ensure that all voices are heard, it’s crucial to remove any friction that may discourage potential delegates from signing up to participate.

At the same time, token holders need guidance in choosing the right delegates to represent their interests. Once elected, delegates have a duty to act in the best interests of the DAO, and transparency is key to building trust and accountability within the community. By providing visibility into their activities and decision-making processes, delegates can earn the trust of the token holders they serve.
To help delegates improve their participation and overall governance, it’s essential to track and analyze key metrics. This data can be used to identify areas of improvement and optimize decision-making processes, ultimately leading to better outcomes for the DAO.

At Karma, we understand the importance of these issues and have developed a dashboard that addresses them head-on. Our platform streamlines the delegate sign-up process, provides guidance for token holders, and offers detailed metrics and insights to help delegates improve their performance. With Karma, we believe that effective governance in a DAO is not just possible, but within reach.

Specification

The implementation of the dashboard involves 3 steps which are explained below.

1) Indexing Contributions
Karma will index 1inch DAOs sources relevant to DAO governance contributions. These can include (but are not limited to):

  • Snapshot voting
  • Snapshot delegation
  • Commonwealth Forum
  • Discord

b) Contribution Scoring (optional)
For a simplified review of governance activity and possible follow-up actions (e.g. allocation of voting power), Karma aggregates different contribution data and calculates scores for each delegate.
An example of the scoring model used by Gitcoin can be found here: https://github.com/show-karma/reputation-scores/blob/main/src/score/gitcoin-health-score.provider.ts
Final scoring results can be seen here: Gitcoin DAO Contributors Leaderboard
Note: As governance contributions vary from DAO to DAO and have different significance in them, the scoring will be customized in close coordination with the 1inch team. The scoring logic is open source so that anyone can audit and verify the scores at all times. The aggregated data is exposed through APIs and can be freely integrated with other applications as needed.

c) Insights and Delegation on custom Contribution Dashboard

A custom branded dashboard (hosted on 1inch DAO’s subdomain) will be set up to display delegate stats.

Features of the custom dashboard include:

  • Delegate onboarding flow
  • Ability to link social handles (Twitter, Forum, Discord Handle)
  • Update delegation pitch and interests
  • Display Voting stats, history and voting reasons for each proposal
  • Display Forum stats
  • Contribution Scores (optionally)
  • Integration with Snapshot delegation
  • Ability for token holders to delegate directly from the dashboard
  • In Depth insights about delegates
  • Auto tag inactive delegates

Example: Optimism Delegation Dashboard

Rationale

We are confident the seamless onboarding and deep insights we provide about the contributors will help attract more contributors, strengthen governance and ultimately help the DAO grow.

Considerations

The cost for implementing and managing the dashboard will be $15k for one year.
Our team has experience building large scale applications in the blockchain ecosystem for many years. We have already implemented dashboards for a number of DAOs. You can find all the custom delegate dashboard we have built at https://www.karmahq.xyz/daos.

Note: Created this new thread to follow the proposal guidelines. Previous discussion can be found at https://gov.1inch.io/discussion/9764-datadriven-governance-via-karma

5 Likes

We support this Karma Dashboard for Delegates; we believe that accurately tracking governance contributions will be of immense value to the 1inch DAO, especially as we seek to scale community contributions as the DAO decentralizes.

1 Like

Hi @mmurthy!

If used, I think Karma would add value to 1inch DAO. However, I think having a formalized delegate program, like the one proposed by DAOplomats, should be a prerequisite to this proposal. Without a structured way to onboard new delegates, we wouldn’t be using Karma to its full potential.


I have a couple of other questions:

  • How long would it take to create the dashboard after the proposal passes?
  • I see that $15k is the cost for the first year. How much would the second and third years cost?
2 Likes

Thanks @RoundElephant, that makes sense. We definitely want to see the product used well, so can wait for a formalized delegate program to launch.

To answer your questions:

  1. We can have it up and running in two weeks. This will include set up the infrastructure, start indexing data, QA with your team and launch.
  2. The second and third year cost would be $12k/year.

Let me know if you have any other questions.

I had a call with DAOplomats team and they suggested the next step is to create a poll. The poll is up, please cast your vote.

1 Like

Update:
Temp Check to move the proposal to Phase 4 will end in 8Hrs.

1 Like