MakerX is company built/financed by Adri to provide xGov platform? I have not seen any product from them yet.
In opossition, i have tried to propose transparent voting 2 years ago… See this thread on this very forum for example. From this i have created the first version of the vote coin project and deployed to mainnet in summer of 2021 (one of the winner projects at encode hack). Algorand foundation ignored this as a whole and implemented the governance platform later that year with simple model (only vote casts are stored to the blockchain). No questions onchain, no delegation of voting power,… In Dec 2021 i was lucky to be in the encode accelerator with with the vote coin project, and i created basically platform for daos to manage their own daos with their tokens. I have started the VoteCoin DAO and the vote coin token.
I was lucky to receive a grant for the vote coin project to implement encrypted voting. The requested grant amount was cut in half by the foundation because start of the bear market, and real money received was like 80% of invoiced amount because algorand has the moving average price calculation and do not pay according to the invoices. But the project was delivered and now anyone can cast votes onchain in encrypted form.
At the start of this year I was asked to provide “Request for proposal”, where they wanted to do the NFT council onchain. I did not win that competition even though my proposal would not have any price impact on algorand (i offered them to buy vote coins, and vote coin/algo price went up like 50% since than) and i have the product basically ready for them. However MakerX won that competition. I have still not seen their product (the RFP has strict deadline end of february). Anybody can share some technical specs how they do it? I have asked them to publish the winning RFP, but i was not lucky with it. My conspiracy theory is that the Adri/AF has selected them even before the competition and they tried to do RFP just to feel more compliant…
Right now the vote coin token is in top 10 tokens at vestige (currently 7th between Bank token and Vestige token). There has been over 1000000 transactions with vote coin token, because it is perfect for arbitrage opportunities… There are low LP fee pools of Vote/Algo, Vote/USDC, Vote/GoBTC… We are distributing Vote coin to Vote coin holders (10% APY), and vote coin AMM LP holders 10% - 50% APY according to the LP fee (1% = 10%, 0,01% = 50%)… With this we try to help algorand DeFi ecosystem to grow.
I recomend going to the original proposal… There is more information. Adri copies here only the abstract.
Milestones:
GitHub tool to start onchain voting question.
Github tool to track the result of the question and approve or deny Pull Request
This technically means that when someone creates a Pull Request to DAO managed codebase on github, the DAO question will be put to the blockchain and DAO members can vote on it.
When the voting session is finished, the pull request can me merged to the codebase.
Benefits for the community
- Transparent Decision-Making: The integration of onchain voting tools using Vote Coin standard on Algorand will bring transparency to the decision-making process within the GitHub community. Developers will have visibility into proposed changes, discussions, and voting outcomes, fostering trust and accountability. This transparency will enhance community collaboration, enabling stakeholders to contribute meaningfully and have a say in the direction of software projects.
- Inclusive Participation: The onchain voting tools will promote inclusive participation by giving developers of all levels of experience an equal opportunity to contribute to decision-making processes. By providing a user-friendly interface and educational resources, the tools will empower individuals to actively engage in shaping the development of software projects, regardless of their technical background or previous governance experience.
- Efficient Consensus-Building: The decentralized nature of the onchain voting system will facilitate efficient consensus-building among community members. Rather than relying on traditional off-chain discussions and consensus mechanisms, the tools will enable real-time voting and decision-making, accelerating the feedback loop and reducing the time required to reach agreements. This efficiency will result in faster iterations and smoother project progression.
- Community Empowerment: The introduction of onchain voting tools will empower the algorand community by decentralizing decision-making processes. Developers and stakeholders will no longer need to rely solely on project maintainers or centralized authorities to make crucial decisions. Instead, the tools will enable collective decision-making, allowing the community to shape the project’s direction and prioritize features or improvements based on the majority’s consensus.
- Enhanced Project Governance: By integrating Vote Coin and utilizing Algorand’s blockchain capabilities, the onchain voting tools will provide a robust and tamper-proof governance framework. The immutability and security offered by blockchain technology will ensure the integrity of voting results, preventing manipulation or fraudulent activities. This enhanced project governance will instill confidence in the community, attracting more contributors and fostering long-term project sustainability.
- Ecosystem Growth: The introduction of innovative GitHub tools that leverage blockchain technology and decentralized governance will position the GitHub ecosystem at the forefront of cutting-edge software development practices. This advancement will attract developers and communities seeking transparent and democratic decision-making processes, thereby expanding the GitHub user base and fostering a vibrant and thriving ecosystem.
- Additionally, the integration of onchain voting tools using Vote Coin on Algorand will contribute to the growth and recognition of the Algorand ecosystem as a whole. Leveraging the advanced features of Vote Coin, such as delegation of voting power and encrypted voting, will showcase the robustness and versatility of the Algorand blockchain technology.
- Furthermore, as the GitHub community embraces the onchain voting tools and experiences the benefits of decentralized decision-making, it will create a positive feedback loop for Algorand. Increased adoption and usage of Algorand’s blockchain for governance purposes will foster network effects, attracting more developers, organizations, and stakeholders to explore and utilize Algorand’s technology stack. This, in turn, will contribute to the growth and expansion of the Algorand ecosystem, establishing it as a leading blockchain platform for decentralized applications and governance solutions.
- Vote Coin project boost: Marketing from grant application from the Foundation will lead to more awareness of the Vote Coin standard for onchain voting and DAO management. This will have positive impact on all algorand onchain communities, the vote coin project, and the Algorand ecosystem as a whole.
Overall, the implementation of onchain voting tools using Vote Coin on Algorand will bring numerous benefits to the community, including transparency, inclusivity, efficiency, empowerment, enhanced project governance, and ecosystem growth. By embracing decentralized governance principles, the GitHub community can tap into the collective intelligence and creativity of its members, leading to better software projects and a more engaged and fulfilled developer community.
Additional information
It is ok for us to be paid after the project is developed and working.