Comprehensive Staking-Based Reputation System
Comprehensive Staking-Based Reputation System Enhance Colony’s reputation system by allowing reputation to be earned and managed through token staking. This includes mechanisms for vesting, time-based accrual, proportional adjustments, and staking decay. These improvements align reputation with users’ financial commitment and sustained participation in the DAO. Secondary Suggestions: Vesting Period for Staked Reputation Description: Introduce a vesting period for reputation earned through token staking. Reputation accrues gradually and becomes fully vested only after a specified time (e.g., 1 month). How It Works: Time-Based Vesting: Reputation from staking accrues over the vesting period, with partial vesting during the period and full vesting at the end. Forfeit on Early Withdrawal: If tokens are unstaked before the vesting period is completed, users forfeit the reputation tied to those tokens. Why It’s Useful: Prevents users from quickly gaining and removing reputation by staking and unstaking, ensuring that reputation reflects long-term commitment. Time-Based Reputation Accrual for Staked Tokens Description: Allow reputation to accrue incrementally over the staking period, with reputation growth tied to both the amount and duration of staking. How It Works: Incremental Accrual: Reputation from staking grows daily, weekly, or monthly, providing a steady increase as tokens remain staked. Decay During Accrual: Decay applies continuously during staking, so users must keep tokens staked to maintain their accrued reputation level. Adjustment for Early Withdrawal: If users withdraw tokens before a defined staking period, the accrued reputation adjusts to reflect only the time tokens were staked. Why It’s Useful: This structure incentivizes users to stake tokens for longer periods to maximize reputation gains, aligning reputation with sustained involvement and commitment. Proportional Reputation Loss on Unstaking or Selling Tokens Description: Implement a system where users lose reputation proportionally if they unstake or sell tokens after the vesting period, reflecting the reduced commitment. How It Works: Reputation Adjustment on Withdrawal: When users sell or unstake tokens after the vesting period, a proportional amount of reputation decays based on the number of tokens removed. Customizable Proportion Settings: Allow DAOs to define the percentage of reputation loss when tokens are unstaked or sold, creating a flexible system based on their governance goals. Why It’s Useful: This feature discourages users from selling tokens without a corresponding effect on their reputation, ensuring that reputation remains an accurate indicator of commitment. Direct Staking-Based Reputation Description: Allow DAOs to base reputation primarily on staked tokens, with configurable accrual rates and decay tied to staking activity. How It Works: Staking-Based Reputation Generation: Users gain reputation as they stake tokens, with configurable multipliers for time, token amount, or pool requirements. Decay Linked to Staking: Reputation decays as tokens are unstaked, ensuring that reputation reflects ongoing commitment to the DAO. Why It’s Useful: Directly ties reputation to staking, creating a balanced approach that values both financial commitment and active contributions. Summary of Benefits These staking enhancements provide a holistic approach that: Encourages Long-Term Staking: Through vesting periods and time-based accrual, users are incentivized to stake longer to maintain reputation. Discourages Manipulation: Proportional reputation loss discourages users from buying and selling tokens simply to manipulate their influence. Reflects True Commitment: By linking reputation directly to staking and financial commitment, the DAO ensures that reputation accurately represents genuine involvement. This comprehensive staking system aligns reputation with both active participation and financial commitment, supporting a fair and balanced governance model. Let me know if you’d like any additional details or adjustments!
Kelvin McDaniel About 1 month ago
Comprehensive Staking-Based Reputation System
Comprehensive Staking-Based Reputation System Enhance Colony’s reputation system by allowing reputation to be earned and managed through token staking. This includes mechanisms for vesting, time-based accrual, proportional adjustments, and staking decay. These improvements align reputation with users’ financial commitment and sustained participation in the DAO. Secondary Suggestions: Vesting Period for Staked Reputation Description: Introduce a vesting period for reputation earned through token staking. Reputation accrues gradually and becomes fully vested only after a specified time (e.g., 1 month). How It Works: Time-Based Vesting: Reputation from staking accrues over the vesting period, with partial vesting during the period and full vesting at the end. Forfeit on Early Withdrawal: If tokens are unstaked before the vesting period is completed, users forfeit the reputation tied to those tokens. Why It’s Useful: Prevents users from quickly gaining and removing reputation by staking and unstaking, ensuring that reputation reflects long-term commitment. Time-Based Reputation Accrual for Staked Tokens Description: Allow reputation to accrue incrementally over the staking period, with reputation growth tied to both the amount and duration of staking. How It Works: Incremental Accrual: Reputation from staking grows daily, weekly, or monthly, providing a steady increase as tokens remain staked. Decay During Accrual: Decay applies continuously during staking, so users must keep tokens staked to maintain their accrued reputation level. Adjustment for Early Withdrawal: If users withdraw tokens before a defined staking period, the accrued reputation adjusts to reflect only the time tokens were staked. Why It’s Useful: This structure incentivizes users to stake tokens for longer periods to maximize reputation gains, aligning reputation with sustained involvement and commitment. Proportional Reputation Loss on Unstaking or Selling Tokens Description: Implement a system where users lose reputation proportionally if they unstake or sell tokens after the vesting period, reflecting the reduced commitment. How It Works: Reputation Adjustment on Withdrawal: When users sell or unstake tokens after the vesting period, a proportional amount of reputation decays based on the number of tokens removed. Customizable Proportion Settings: Allow DAOs to define the percentage of reputation loss when tokens are unstaked or sold, creating a flexible system based on their governance goals. Why It’s Useful: This feature discourages users from selling tokens without a corresponding effect on their reputation, ensuring that reputation remains an accurate indicator of commitment. Direct Staking-Based Reputation Description: Allow DAOs to base reputation primarily on staked tokens, with configurable accrual rates and decay tied to staking activity. How It Works: Staking-Based Reputation Generation: Users gain reputation as they stake tokens, with configurable multipliers for time, token amount, or pool requirements. Decay Linked to Staking: Reputation decays as tokens are unstaked, ensuring that reputation reflects ongoing commitment to the DAO. Why It’s Useful: Directly ties reputation to staking, creating a balanced approach that values both financial commitment and active contributions. Summary of Benefits These staking enhancements provide a holistic approach that: Encourages Long-Term Staking: Through vesting periods and time-based accrual, users are incentivized to stake longer to maintain reputation. Discourages Manipulation: Proportional reputation loss discourages users from buying and selling tokens simply to manipulate their influence. Reflects True Commitment: By linking reputation directly to staking and financial commitment, the DAO ensures that reputation accurately represents genuine involvement. This comprehensive staking system aligns reputation with both active participation and financial commitment, supporting a fair and balanced governance model. Let me know if you’d like any additional details or adjustments!
Kelvin McDaniel About 1 month ago
Dynamic Scaling for Multi-Domain Activity
Dynamic Scaling for Multi-Domain Activity Suggestion: Implement Dynamic Scaling of Reputation for Cross-Domain Participation Description: Introduce a feature that allows users to gain increased influence in governance as they contribute to multiple domains. This would allow for scalable reputation, where users who participate across domains have a more holistic influence in general governance decisions. How It Works: Cross-Domain Reputation Scaling: Each additional domain a user actively participates in would provide a small scaling boost to their reputation in Governance or in other relevant domains. Customizable Scaling Factor: DAOs could set scaling factors for each additional domain, allowing active multi-domain participants to gain influence without overwhelming single-domain experts. Domain Contribution Thresholds: Set minimum contribution requirements for each domain before scaling is applied, ensuring that the system rewards genuine multi-domain participation. Why It’s Useful: This incentivizes cross-domain contributions and provides more balanced governance by recognizing members who engage broadly, while still respecting expertise in specific domains.
Kelvin McDaniel About 1 month ago
Dynamic Scaling for Multi-Domain Activity
Dynamic Scaling for Multi-Domain Activity Suggestion: Implement Dynamic Scaling of Reputation for Cross-Domain Participation Description: Introduce a feature that allows users to gain increased influence in governance as they contribute to multiple domains. This would allow for scalable reputation, where users who participate across domains have a more holistic influence in general governance decisions. How It Works: Cross-Domain Reputation Scaling: Each additional domain a user actively participates in would provide a small scaling boost to their reputation in Governance or in other relevant domains. Customizable Scaling Factor: DAOs could set scaling factors for each additional domain, allowing active multi-domain participants to gain influence without overwhelming single-domain experts. Domain Contribution Thresholds: Set minimum contribution requirements for each domain before scaling is applied, ensuring that the system rewards genuine multi-domain participation. Why It’s Useful: This incentivizes cross-domain contributions and provides more balanced governance by recognizing members who engage broadly, while still respecting expertise in specific domains.
Kelvin McDaniel About 1 month ago
Cross-Domain Weighted Voting
Cross-Domain Weighted Voting Suggestion: Implement Cross-Domain Voting Power with Adjustable Weight Ratios Description: Introduce a flexible cross-domain weighted voting system that allows users to apply partial voting influence from one domain in another. For instance, a user with reputation in Development could have a portion of their Development reputation count toward Governance votes, providing a more nuanced influence system. How It Works: Domain Weight Ratios: Add adjustable weight ratios between domains, which would allow users to participate in cross-domain votes with partial influence. For example, Development reputation could apply at 40% in Governance, while Marketing might apply at 30%. Customizable for Each DAO: Make weight ratios configurable, so DAOs can determine the influence each domain has on others based on their governance needs. Example Use Case: A developer could participate in Governance votes with 40% of their Development reputation, while community members in Governance could have 25% of their Community reputation apply to Marketing. Why It’s Useful: This allows for more flexible participation and prevents siloing, ensuring that users with deep expertise in one domain still have a voice in broader governance decisions.
Kelvin McDaniel About 1 month ago
Cross-Domain Weighted Voting
Cross-Domain Weighted Voting Suggestion: Implement Cross-Domain Voting Power with Adjustable Weight Ratios Description: Introduce a flexible cross-domain weighted voting system that allows users to apply partial voting influence from one domain in another. For instance, a user with reputation in Development could have a portion of their Development reputation count toward Governance votes, providing a more nuanced influence system. How It Works: Domain Weight Ratios: Add adjustable weight ratios between domains, which would allow users to participate in cross-domain votes with partial influence. For example, Development reputation could apply at 40% in Governance, while Marketing might apply at 30%. Customizable for Each DAO: Make weight ratios configurable, so DAOs can determine the influence each domain has on others based on their governance needs. Example Use Case: A developer could participate in Governance votes with 40% of their Development reputation, while community members in Governance could have 25% of their Community reputation apply to Marketing. Why It’s Useful: This allows for more flexible participation and prevents siloing, ensuring that users with deep expertise in one domain still have a voice in broader governance decisions.
Kelvin McDaniel About 1 month ago
In Progress
Transfer funds across chains
With Colony adding multi-chain support for colonies, it will be essential for colonies to be able to manage and transfer funds on the various chains. This should be built into the app and support all available decision methods, providing an intuitive, and secure way for fund management, regardless of chain.
Arren Vidal About 1 month ago
In Progress
Transfer funds across chains
With Colony adding multi-chain support for colonies, it will be essential for colonies to be able to manage and transfer funds on the various chains. This should be built into the app and support all available decision methods, providing an intuitive, and secure way for fund management, regardless of chain.
Arren Vidal About 1 month ago
Raw transaction log
It would be really good if we could see a list of every single transaction that has been performed in my colony, that should provide full transparency.
Amethyst Chipmunk About 1 month ago
Raw transaction log
It would be really good if we could see a list of every single transaction that has been performed in my colony, that should provide full transparency.
Amethyst Chipmunk About 1 month ago
Use ERC-721 (NFTs) for voting
There is a need to support ERC-721 for voting power computation. This is essentially to support projects that want to release a limited edition ERC-721 to gain governance rights.
Acajou Gecko About 1 month ago
Use ERC-721 (NFTs) for voting
There is a need to support ERC-721 for voting power computation. This is essentially to support projects that want to release a limited edition ERC-721 to gain governance rights.
Acajou Gecko About 1 month ago
PopupDAO, Burner DAO, TempDAO
The ability to create a temporary DAO for short term projects, events, client work, etc. It could use templates so that it is quick and easy to setup a PopupDAO It would allow for easy shutting down of the DAO based on a date, condition, or manually. It could have configurations that make things happen quicker, e.g. motions, earning reputation, decaying reputation, etc.
Arren Vidal About 1 month ago
PopupDAO, Burner DAO, TempDAO
The ability to create a temporary DAO for short term projects, events, client work, etc. It could use templates so that it is quick and easy to setup a PopupDAO It would allow for easy shutting down of the DAO based on a date, condition, or manually. It could have configurations that make things happen quicker, e.g. motions, earning reputation, decaying reputation, etc.
Arren Vidal About 1 month ago
Token swapping
Description Be able to swap between tokens within a colony using a colony’s decision methods. e.g. Be able to exchange ETH tokens for USDC. Requests "Is it possible to swap tokens?" - via Discord "will there be ways for dex trading as a community like on CoWSwap because of MEV? like it could give a dao the possibility to engage easier on the market. or even set limit orders as a dao on dex's" - via Discord
Arren Vidal About 1 month ago
Token swapping
Description Be able to swap between tokens within a colony using a colony’s decision methods. e.g. Be able to exchange ETH tokens for USDC. Requests "Is it possible to swap tokens?" - via Discord "will there be ways for dex trading as a community like on CoWSwap because of MEV? like it could give a dao the possibility to engage easier on the market. or even set limit orders as a dao on dex's" - via Discord
Arren Vidal About 1 month ago
Contribute (Tasks/Projects/Objectives)
"Contribute" enables Colonies to define, organize, and reward work that needs to be done in order for the colony to achieve it's objectives. "Contribute" should allow autonomy for contributors to get involved efficiently. Tasks will likely be one of the first places contributors visit to determine if there is a place for them in a colony, or if there are ways for them to get involved. It will also be a place where followers will be able to see the colony’s progress. So, it should also provide an overview of what is getting done, such as showing stats on what is in progress, has been completed, outstanding, total paid out, etc. “Contribute” is made up of 4 different types; Objectives, Projects, Tasks, and Roles. There is also a component of work accountability with the “Status” component. Creating a full process for getting work done with recruiting, accountability, task completion and team transparency tool for colonies.
Arren Vidal About 1 month ago
Contribute (Tasks/Projects/Objectives)
"Contribute" enables Colonies to define, organize, and reward work that needs to be done in order for the colony to achieve it's objectives. "Contribute" should allow autonomy for contributors to get involved efficiently. Tasks will likely be one of the first places contributors visit to determine if there is a place for them in a colony, or if there are ways for them to get involved. It will also be a place where followers will be able to see the colony’s progress. So, it should also provide an overview of what is getting done, such as showing stats on what is in progress, has been completed, outstanding, total paid out, etc. “Contribute” is made up of 4 different types; Objectives, Projects, Tasks, and Roles. There is also a component of work accountability with the “Status” component. Creating a full process for getting work done with recruiting, accountability, task completion and team transparency tool for colonies.
Arren Vidal About 1 month ago
Integrate Coin Machine with Colony
With Coin Machine being the primary funding mechanism created for DAOs on Colony, there should be a direct integration between the stand-alone Coin Machine and the Colony app.
Arren Vidal About 1 month ago
Integrate Coin Machine with Colony
With Coin Machine being the primary funding mechanism created for DAOs on Colony, there should be a direct integration between the stand-alone Coin Machine and the Colony app.
Arren Vidal About 1 month ago
Gating / Access with NFTs & Tokens
Use NFTs as a way to gate membership and access to join a Colony or specific teams within a Colony. It could also be used to enable special perks or status within their Colony.
Orchid Duck About 1 month ago
Gating / Access with NFTs & Tokens
Use NFTs as a way to gate membership and access to join a Colony or specific teams within a Colony. It could also be used to enable special perks or status within their Colony.
Orchid Duck About 1 month ago
In Progress
Finances Dashboard
Incorporating financial reporting features and tools is designed to provide a focused interface on the financials of a decentralized team, offering real-time insights into balances, transfers, and general health of the organization. Users can easily access historical trends, generate future projections, and produce comprehensive financial reports. By providing this functionality, Colony empowers teams to make data-driven decisions. The dashboard also enables essential financial actions like fund transfers, payments, accounts management, and token management, with alert systems for financial red flags and in-depth analyses of income sources and expenditures.
Arren Vidal About 1 month ago
In Progress
Finances Dashboard
Incorporating financial reporting features and tools is designed to provide a focused interface on the financials of a decentralized team, offering real-time insights into balances, transfers, and general health of the organization. Users can easily access historical trends, generate future projections, and produce comprehensive financial reports. By providing this functionality, Colony empowers teams to make data-driven decisions. The dashboard also enables essential financial actions like fund transfers, payments, accounts management, and token management, with alert systems for financial red flags and in-depth analyses of income sources and expenditures.
Arren Vidal About 1 month ago
Support a DAO (Tips & Donations)
Want to support a DAO project and what they are doing? It could be a charity based DAO, an artist, creator, or anything else. This would provide a simple user experience to support DAOs with contributions, donations, without receiving tokens in return.
Arren Vidal About 1 month ago
Support a DAO (Tips & Donations)
Want to support a DAO project and what they are doing? It could be a charity based DAO, an artist, creator, or anything else. This would provide a simple user experience to support DAOs with contributions, donations, without receiving tokens in return.
Arren Vidal About 1 month ago
Token Supplier
Control the automatic supply of your colony’s token. Set the rate at which you'd like your colony to mint new tokens, set a max limit to stop minting when the target supply has been reached.
Arren Vidal About 1 month ago
Token Supplier
Control the automatic supply of your colony’s token. Set the rate at which you'd like your colony to mint new tokens, set a max limit to stop minting when the target supply has been reached.
Arren Vidal About 1 month ago
Planned
Nested Teams
Right now, Colony just has a single layer of teams possible under the Root team. With this feature, it will be possible to nest teams inside of teams to create more elaborate org structures. Providing teams and contributors to be more autonomous and efficient with decision making. For example: Marketing Branding Advertising Development Frontend Backend
Arren Vidal About 1 month ago
Planned
Nested Teams
Right now, Colony just has a single layer of teams possible under the Root team. With this feature, it will be possible to nest teams inside of teams to create more elaborate org structures. Providing teams and contributors to be more autonomous and efficient with decision making. For example: Marketing Branding Advertising Development Frontend Backend
Arren Vidal About 1 month ago
In Progress
Multi-Chain Support
It has become increasingly important for decentralized platforms to operate across multiple chains. Colony platform aims to meet this demand by enabling users to seamlessly operate a colony on any one of the Colony-supported chains. Multi-chain functionality will allow users to carry out essential operations, such as receiving funds, making payments, and performing transactions, without being restricted to a single chain. This feature addresses the needs of an expanding user base that prefers diverse blockchain environments based on their specific project or community goals. By expanding support beyond one chain to other blockchains, Colony will become more competitive in the decentralized space, catering to a wider range of users and projects. By supporting multiple chains, it will provide enhanced flexibility and accessibility. Users will no longer face barriers due to chain incompatibility, and they will be empowered manage their colonies on the chain that best suits their needs, whether it be Ethereum, Arbitrum, Polygon, or others.
Arren Vidal About 1 month ago
In Progress
Multi-Chain Support
It has become increasingly important for decentralized platforms to operate across multiple chains. Colony platform aims to meet this demand by enabling users to seamlessly operate a colony on any one of the Colony-supported chains. Multi-chain functionality will allow users to carry out essential operations, such as receiving funds, making payments, and performing transactions, without being restricted to a single chain. This feature addresses the needs of an expanding user base that prefers diverse blockchain environments based on their specific project or community goals. By expanding support beyond one chain to other blockchains, Colony will become more competitive in the decentralized space, catering to a wider range of users and projects. By supporting multiple chains, it will provide enhanced flexibility and accessibility. Users will no longer face barriers due to chain incompatibility, and they will be empowered manage their colonies on the chain that best suits their needs, whether it be Ethereum, Arbitrum, Polygon, or others.
Arren Vidal About 1 month ago
Discord Integration
Two way integration for Discord allowing notifications to be sent to Discord about what is happening in their colony, as well being able to trigger the creating actions from Discord.
Red Gnu About 1 month ago
Discord Integration
Two way integration for Discord allowing notifications to be sent to Discord about what is happening in their colony, as well being able to trigger the creating actions from Discord.
Red Gnu About 1 month ago
Planned
Contributor & Creator Onboarding
Onboarding into Colony and DAOs in general needs to be improved. There is too much expectation on the user to understand the concepts and nomenclature of Web3. Also, with the current Colony creation process, users are left with a empty DAO and no clear instructions as to what the next steps are. The Colony creation and onboarding process needs to provide a more informed and clear process as well as aim to have a more complete and setup colony at the end. It should also provide recommendations on good next steps and help guide the user moving forward.
Arren Vidal About 1 month ago
Planned
Contributor & Creator Onboarding
Onboarding into Colony and DAOs in general needs to be improved. There is too much expectation on the user to understand the concepts and nomenclature of Web3. Also, with the current Colony creation process, users are left with a empty DAO and no clear instructions as to what the next steps are. The Colony creation and onboarding process needs to provide a more informed and clear process as well as aim to have a more complete and setup colony at the end. It should also provide recommendations on good next steps and help guide the user moving forward.
Arren Vidal About 1 month ago