[1IP42] Karma Delegate Dashboard for 1inch DAO

Author: @mmurthy

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. New addition: The dashboard will also have a new page to display recognized delegates eligible for compensation for each month.

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 image image image Example: Optimism Delegation Dashboard

4.Recognized delegate program support 1inch DAO has a new recognized delegate program and we would like to expand the scope of the Karma Dashboard to track and display various metrics necessary for compensation. Below are additional features we are proposing building:

1. Have a clear indicator on dashboard to mark delegates as recognized and display the Tier they belong to.
2. Have a compensation page that displays all the delegates who have qualified for that month's compensation along with the following metrics

• Total Unicorn Power held that month
• Communication %
• Voting %
• Anything else that needs to be tracked for qualification.

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 $20k for one year (updated from $15k because of additional scope). 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