What’s going on with DXdao’s Accessible Governance Framework DAVI?
DAOn the Governance Rabbit Hole with DXdao’s truly decentralized on-chain governance framework to govern your DAO
With a long on-chain history dating back to 2019, DXdao places the utmost importance on autonomous on-chain governance. DAOs that are able to utilize on-chain tools and actionable proposals are able to harness the full extent of their autonomy. We view this as a crucial step in advancing decentralization in the DAO space. That is why we are so excited to share the developments we have made in building out the mechanisms needed by DAOs to do just that!
Over the past few years DXdao has been building two very unique on-chain governance mechanisms, DXdao Guilds and Gov 2.0. Guilds is a flexible token governance mechanism with the ability to do liquid token staking or soulbound token governance. Guilds was designed for the purpose of spinning out DXdao products, soon to be Swapr, into self governing protocols. Gov 2.0 will be a hybrid of our current soulbond token governance, REP, and liquid token staking voting, DXD. Each token will be weighted accordingly through a New Voting Power Equation.
A user interface was one of the components needed for both these governance systems. The DXgov team recognized that complex on-chain activity can be challenging and overwhelming for non-technical users.
They realized they needed an interface that presented the various aspects of on-chain governance in an easy to use and understandable manner. It would be a game changer in the field of autonomous on-chain governance to deliver this type of interface on top of our powerful decentralized backend voting mechanisms. It would most definitely help in overcoming barriers to participation and adoption of decentralized on-chain governance in the DAO space.
We completed our Guilds Governance and merged it with the new interface creating DAVI. DAVI is a Decentralized Autonomous Voting Interface which uses a simple modular natural language front end over fully on-chain governance contracts. It affords users the opportunity to participate in governance without technical hurdles. They can now create, view, vote and execute proposals in a safe, secure and stressless governance environment.
DAVI is complemented with its own decentralized forum as a result of its recent integration of Orbis. Orbis is a web3 social protocol that lets you own your content and profile to be truly self-sovereign on what you are doing on DAVI. Their advanced SDK and flexible modules have made it possible to build a fully decentralized forum within DAVI.
At the time of writing this article, DAVI is actively being used by DXdao in the governance of its newly formed “Guilds”. At the end of 2022, DXdao embarked on a major restructuring effort that drastically changed its operational structure. Since the reorganization, squads have evolved into more autonomous Guilds in the DAO, with some smaller squads merging into larger guilds and others remaining as is. Active contributors of each Guild have been allotted a set amount of Guild REP according to their length of contribution. Each guild has been authorized by the greater DAO to govern its own treasury, goals and objectives.
DAVI is an out-of-the-box governance tool that will be front and center to a range of other DXdao products aiming to give web3 participants the opportunity to bring autonomous decentralized governance to their communities with the ease and convenience of simply choosing to do so.
We are excited for the journey ahead and will keep you informed as we progress. Be on the lookout for the public beta release where you and your community can dive in and organize your cause in a truly decentralized and permissionless manner.
About DXdao: DXdao is a decentralized collective that builds, owns, and governs DeFi and governance products. Reputation (REP) is voting power in DXdao, and DXD is the financial token with a claim on profit from DXdao products.
DXdao products include Omen (prediction markets), Carrot (programmable incentives), DXgov (governance framework), and Swapr (governance-enabled AMM). DXdao believes in governance and decentralization.