LayerK DAO

The LayerK DAO On-chain Referendum and Polls system represents a significant advancement towards more direct and transparent community involvement in decision-making processes.

LayerK DAO: On-chain Referendum and Polls System

Introduction

This area presents the On-chain Referendum and Polls system developed for the LayerK DAO. This system is designed to enhance community engagement and decision-making processes through two types of polls: Referendum-Based Polls and Normal Polls. Referendum-Based Polls have on-chain actions associated with them, enabling the direct implementation of decisions, while Normal Polls gather community sentiment on various topics without triggering immediate actions.

Objectives

1. Enhance Community Engagement: Create an inclusive environment where community members can actively participate in decision-making.

2. Improve Decision-Making: Leverage community insights to make informed decisions.

3. Implement Direct Actions: Facilitate the execution of decisions through Referendum-Based Polls.

4. Gather Community Sentiment: Use Normal Polls to understand community preferences and opinions.

System Overview

Components

1. Poll Creation Interface: A user-friendly interface for creating and managing polls.

2. Voting Mechanism: A secure and transparent voting system.

3. On-Chain Actions: Mechanisms for executing on-chain actions based on Referendum-Based Poll outcomes.

4. Sentiment Analysis Tools: Tools to analyze and visualize data from Normal Polls.

Poll Types

1. Referendum-Based Polls

   • Purpose: Enable direct implementation of community decisions.

   • Mechanism: Once a Referendum-Based Poll concludes with a majority vote, a predefined on-chain action is executed.

   • Examples:

     • Allocation of treasury funds.

     • Approval of governance changes.

     • Implementation of new features or policies.

2. Normal Polls

   • Purpose: Gather community sentiment and preferences.

   • Mechanism: Results are used for advisory purposes and do not trigger immediate on-chain actions.

   • Examples:

     • Feedback on proposed features.

     • Community preferences on marketing strategies.

     • Sentiment on potential partnerships.

Technical Implementation

Blockchain Integration

• Smart Contracts: Develop smart contracts to manage poll creation, voting, and on-chain actions.

• Transparency: Utilize blockchain's transparency to provide an open voting process.

User Interface

• Dashboard: Develop a comprehensive dashboard for creating polls, voting, and viewing results.

• Notifications: Implement clear on-page visibility to inform members about new polls they haven’t participated in and outcomes.

Voting Mechanism

• Token-Based Voting: Utilize governance tokens to weight votes, ensuring proportional representation.

• Real-Time Results: Display real-time voting results with data visualization tools.

Governance and Moderation

• Proposal Submission: Allow community members to submit proposals.

• Moderation: Establish a fair moderation system on the user interface.

• Transparency: Publish guidelines and criteria for proposal approval to maintain trust.

The LayerK DAO On-chain Referendum and Polls system represents a significant advancement towards more direct and transparent community involvement in decision-making processes. With a robust infrastructure and a clear distinction between referendum and normal polls, LayerK is poised to facilitate a democratic and inclusive environment for all its members.