You’ll not have a reason to overlook another governance election when the decentralized autonomous organization (DAO) calls or texts to badger you to definitely election.
The Notifi Network is banking about this concept to assist improve abysmal participation rates in governance votes. Launching with Solana DAOs, it combines popular centralized methods utilized by the Web3 community for example Telegram and Discord pings with increased traditional, and harder to disregard notifications like telephone calls, texts or emails.
Supported by crypto investment capital firms Race Capital and Hashed, on April 24 Notifi applied its notification plan to all DAOs that launch around the Solana Realms DAO platform.
Did someone request Telegram notifications??
hehehehe… appears like it’s already here pic.twitter.com/YCYefCiLIt
— Notifi (@NotifiNetwork) April 26, 2022
Notifi founder Paul Kim told Cointelegraph that his project’s mission is straightforward:
“We wish to promote communities to become more active. You purchased the tokens, so you need to use them.”
Because it stands, forums on Telegram and Discord are signs ways DAO participants keep active in the work. However, Kim feels this process is inefficient because he stated “most users maintain their crypto chats muted because of the high amount of messages.”
This will make it challenging for users to understand when new proposals happen to be produced in time to create a election.
Kim wishes to turn the tide on low participation by permitting DAO participants on Realms to select other ways they may be notified whenever a governance proposal continues to be issued. These notifications could begin with Telegram or Discord direct messages, but Kim stated they may be “escalated” to email, texts, or even a telephone call if they don’t initially respond.
Although email, SMS, and particularly telephone calls are often observed way of communication within the Web3 world, Kim believes they ought to serve an essential function for DAOs.
“For some reason we simply skipped around email from Web2 whenever we hopped into Web3. Are we able to challenge the paradigms of Web3 by utilizing Web2 primitives?”
There’s clearly an issue with voter participation on Solana DAOs. Based on data from DAO tracker DeepDAO, less than 1% of governance token holders on Solana’s top three DAOs — UXDProtocol (UXP), Mango DAO (MNGO), and Serum (SRM) — are active people. You will find 500 DAOs on Realms having a collective treasury worth of $1.5 billion based on Kim.
Within an Apr 24 blog publish by Notifi, Solana Labs DAO Software Engineer Sebastian Bor agreed that notification services are presently not pulling how much they weigh for DAOs. He mentioned, “Notifications are a fundamental element of informing community people about DAO activity.”
Related: Decentralized finance: The how to participate and operate
Eventually, Kim stated his service “could be utilized for those on-chain activity including trades and airdrops, sells, and liquidation alerts.” However, for the time being “Realms may be the showing ground” to determine if his solution can enable users to step from their keyboard:
“We’re wanting to see exactly what the data shows us and just what trends really exist about messaging platform utilization.”
