KarmaAnnouncing Karma and funding round
We are building Karma - a reputation system for DAO contributors. The DAO ecosystem is growing exponentially with hundreds of DAOs being formed and thousands of contributors participating in this ecosystem. This brings with it a number of opportunities and challenges. DAOs struggle to understand who their most active contributors are and contributors don’t have a way to showcase their work, get rewarded for their work and get discovered by other DAOs. Our goal is to build a reputation system ...
KarmaKarma governance forum plugin supported by ENS DAO grant
Distinguishing signal from noise in DAO governance forums can be difficult for even the most active contributors. A useful data point when considering a post in a governance forum is the delegated voting power a particular poster holds. It is accepted that the top (~30) Delegates have limited time and attention to direct towards building the necessary context to be able to follow threads on proposal discussions. In the ENS forum for example, posts can have in excess of 50 comments. Adding mor...
Karma is an on-chain reputation system for DAO contributors
KarmaAnnouncing Karma and funding round
We are building Karma - a reputation system for DAO contributors. The DAO ecosystem is growing exponentially with hundreds of DAOs being formed and thousands of contributors participating in this ecosystem. This brings with it a number of opportunities and challenges. DAOs struggle to understand who their most active contributors are and contributors don’t have a way to showcase their work, get rewarded for their work and get discovered by other DAOs. Our goal is to build a reputation system ...
KarmaKarma governance forum plugin supported by ENS DAO grant
Distinguishing signal from noise in DAO governance forums can be difficult for even the most active contributors. A useful data point when considering a post in a governance forum is the delegated voting power a particular poster holds. It is accepted that the top (~30) Delegates have limited time and attention to direct towards building the necessary context to be able to follow threads on proposal discussions. In the ENS forum for example, posts can have in excess of 50 comments. Adding mor...
Karma is an on-chain reputation system for DAO contributors
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Element Finance is innovating in their governance with the introduction of Governance Steering Council (GSC) and the new concept of voting vaults. Delegates play a vital role in the governance of the DAO and it is essential for everyone to have clear visibility into delegate activity. It is also important to have a streamlined process to onboard delegates and make the process of delegation simple by presenting relevant information about the delegates. To achieve this goal, Element Finance has teamed up with Karma to develop the Element Delegation Dashboard, which also serves as the wider foundation for a data-driven governance hub. _______
Karma’s custom Delegation Dashboard for Element Finance displays delegate information including delegate pitch, voting statistics, detailed voting history with reasons and forum activity. The insights displayed on the dashboard can be used by token holders to choose the right candidate to delegate their tokens.
The Dashboard can be hosted on a sub-domain of the Element Finance website and serves as a foundation for a modular and expandable governance hub, e.g. KPI overview on governance health.
For a simplified review of governance activity and as the basis for follow-up actions (e.g. allocation of permissions), Karma aggregates contribution data and calculates contributor scores. The scoring logic is open source so anyone can audit and verify the scores at all times. The aggregated data is also exposed through APIs and can be freely integrated with other applications as needed, e.g. showing governance stats in the forum.
Element Finance is innovating in their governance with the introduction of Governance Steering Council (GSC) and the new concept of voting vaults. Delegates play a vital role in the governance of the DAO and it is essential for everyone to have clear visibility into delegate activity. It is also important to have a streamlined process to onboard delegates and make the process of delegation simple by presenting relevant information about the delegates. To achieve this goal, Element Finance has teamed up with Karma to develop the Element Delegation Dashboard, which also serves as the wider foundation for a data-driven governance hub. _______
Karma’s custom Delegation Dashboard for Element Finance displays delegate information including delegate pitch, voting statistics, detailed voting history with reasons and forum activity. The insights displayed on the dashboard can be used by token holders to choose the right candidate to delegate their tokens.
The Dashboard can be hosted on a sub-domain of the Element Finance website and serves as a foundation for a modular and expandable governance hub, e.g. KPI overview on governance health.
For a simplified review of governance activity and as the basis for follow-up actions (e.g. allocation of permissions), Karma aggregates contribution data and calculates contributor scores. The scoring logic is open source so anyone can audit and verify the scores at all times. The aggregated data is also exposed through APIs and can be freely integrated with other applications as needed, e.g. showing governance stats in the forum.
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