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CompoundCompoundby0x7AE109A63ff4DC852e063a673b40BED85D22E585CalBlockchain

Proposal To Improve Governance Discussion and voting processes with Commonwealth

Voting ended over 3 years agoSucceeded

Overview

Blockchain at Berkeley is partnering with Commonwealth to migrate Compound governance discussions to the Commonwealth platform. We are excited to support more transparency in the governance process by sponsoring this proposal on Commonwealth's behalf. This proposal aims to outline a plan to improve Compound’s current community governance discussion and voting processes. Adopting Commonwealth as the governance forum for Compound will increase governance discussion, engagement and transparency.

Commonwealth consolidates multiple community tools into one place by offering a fully crypto-native forum and voting interfaces (polls, Snapshot, and on-chain governance) all in one platform. Commonwealth is completely free to use and will soon be fully-decentralized.

We respectfully submit this proposal for your consideration, and we are looking forward to your questions and feedback.

Proposal

Migrate the current Compound governance forum from Discourse to Commonwealth.

Voting Options

In favor:

Migrate to Commonwealth

Against:

Do nothing

About Commonwealth

Commonwealth consolidates forum discussions, snapshot voting and on-chain voting into an all-in-one platform for decentralized communities to run themselves.

We power over 900 DAOs including dYdX 1, Stargate 1, Osmosis, Element Finance 1, Axie Infinity 1, and Redacted Cartel 1. Commonwealth has raised $20M+ from Dragonfly, Parafi, Polychain, Framework, Hashed, Nascent, Spark, Balaji, Stani, and others.

Compound Commonwealth 2 min Feature Walk Thru 5

Commonwealth Key Benefits & Solution

  1. Hosting all community discussions, snapshot votes and on-chain governance on one platform improves access to information and reduced tooling friction
  2. Linking previous forum discussions to their respective proposals improves voter education and transparency, enabling members to make informed decisions, thus increasing voter turnout
  3. Enabling users to access all of their communities via a single interface and the consolidated user dashboard increases participation and allows users to easily stay up to date with current community governance initiatives
  4. Ability to own your community platform for free and stop paying rent to web2 platforms
  5. Robust token gating + wallet login helps prevent spam and social engineering attacks
  6. High-touch customer service to quickly resolve any issues and implement new features, check out our roadmap at the bottom to see what we’re actively pushing
  7. Ability to create separate, but linked subDAOs for more complex org structures

Commonwealth Transition Process

Migrating to Commonwealth takes a few minutes:

  1. Download a back data dump of the Compound Discourse Forum
  2. Commonwealth imports the Compound forum to Commonwealth (maintains all content, profiles and past activity)
  3. Commonwealth integrates the Compound Governor Bravo governance contracts and Snapshot (creates bidirectional governance interfaces)
  4. Community owned and run forum

For users, using Commonwealth is simple:

  1. Link your wallet via Metamask or Wallet Connect
  2. Join the Compound Commonwealth forum
  3. Link the same email you used for Discourse to claim your old account
  4. Begin discussions

Commonwealth Roadmap

Commonwealth is a Web3 platform working to empower Web3 projects.

We’re continuously building key features and workflows based partner feedback to improve DAO engagement, empower DAO growth and increase DAO success.

Upcoming Commonwealth Product Initiatives

  • Notifications
    • We are building out more robust in-app, email, and push notifications. EPNS has already begun deploying governance notifications for Commonwealth activity.
  • Moderation
    • We are enabling more complex community moderation functionality. This includes time-bans, rule logic for community roles, and spam prevention methods.
  • Common API
    • Our soon to be launched API enables other tools and projects to tap into the social data from the Commonwealth platform.
  • Common App Store
    • Roll out an app store offering full composability of DAO tools within a single interface. This will enable DAOs to process payroll, manage their treasury, create POAPs, etc. without needing to flip applications.

If you have a key feature you’d like to see on the Compound Forum, we’d love to chat and build out the functionality to empower Compound.

Further Resources

Why Commonwealth

Website

Docs

Twitter

Leadership Team

Dillon Chen - Founder - prev. VC at Dorm Room Fund, web3 wifi founder

George Beall - Head of Business - prev. web3 Social Founder, growth at Fortune 10 company

Jake Naviasky - Head of Engineering - prev. Bloomberg, Carnegie Mellon

Zak Hap - Head of Product - prev. DeFi founder, Columbia

Aden Bailey - Head of Design - prev. Product Design Professor

Off-Chain Vote

Migrate to Commonwealth
100.09K COMP100%
Do Nothing
1.86 COMP0%
Download mobile app to vote

Discussion

CompoundProposal To Improve Governance Discussion and voting processes with Commonwealth

Timeline

Sep 20, 2022Proposal created
Sep 20, 2022Proposal vote started
Sep 27, 2022Proposal vote ended
Jan 31, 2026Proposal updated