A DAO to make Web3 fair (for users, by users)
EtherScore aims to decentralize its governance over time through a DAO. Using tokenized voting, EtherScore users will be able to make proposals and vote for governance decisions.
Proposals can represent anything. They might concern the management of the DAO’s treasury, the issuance of EtherScore’s badge collections, adjusting badge prices, fee distribution ratios, hiring or changing or adding to protocol parameters.
EtherScore intends to experiment with new paradigms of governance by using EtherScore Badges in addition to ERC20 tokens. Several models will be explored to find an appropriate combination of capital and reputation that balances everyone's interests.
To check EtherScore DAO and proposals, click here. To vote in EtherScore DAO, please follow this tutorial.
Here is a breakdown of the planned phases for EtherScore DAO:
The initial iteration of our DAO operates on a straightforward model: one badge equals one vote. Early proposals enabled us to gauge community engagement and address various topics, such as adding or removing badges, setting thresholds, and determining bonuses for EtherScore Reputation Tiers members. More details about the alpha version here:
🌱Alpha VersionThe next step involves defining different vote weights for EtherScore badges based on their eligibility conditions. Intuitively, the strategy would be that the more challenging a badge is to acquire, the greater its weight should be. However, Web3 communities do not all value the same actions equally; some prioritize trading volume as the most important metric, while others may value active participation in DAO proposals more highly.
Our goal is to develop a model that is flexible and inclusive enough to support the entire community. More details will be released soon—stay tuned!
🌳Beta versionOur vision is to allow for a more inclusive and democratic participation in DAOs by prioritizing on-chain reputations over capital. EtherScore's commitment to representing the concerns of our curated users, regardless of their token amounts, fosters a community-driven and transparent governance model.
In the first period, the EtherScore team will be responsible for DAO proposal votes and justification. Over time, we expect to experiment with processes to include our community of curated users to discuss votes decisions (and vote with their onchain reputation to express their disapproval if required)
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