Boardroom: DeFi Governance Tool, Cross-Protocol Seamless Governance Portal｜Project Introduction
Original title: "3 minutes to understand the cross-protocol seamless governance solution Boardroom"
Original source: Lianwen
"Governance" in the DeFi field is a topic that participants are very concerned about. However, pain points such as the complexity of the governance process, poor communication between stakeholders, untimely feedback, and inconvenience when participating in the governance of different DeFi protocols also need to be resolved urgently.
The Boardroom that Lianwen will introduce today is a solution to these problems Pain point DeFi governance solution project. The goal of Boardroom is to provide simple and flexible governance solutions for DeFi projects, so that token issuers, holders, and DeFi protocol representatives can understand the governance process they participate in, and flexibly participate in the governance process of different DeFi protocols.
What is a Boardroom?
Boardroom can be understood as a seamless governance across DeFi protocols that integrates governance and communication (including on-chain and off-chain ) management portal, providing a common governance dashboard and SDK for DeFi and cryptocurrency protocols, providing stakeholders with an easy and flexible solution for exchanging governance information and seamlessly participating in the governance of multiple protocols.
The Boardroom team designed this project with the intention of making it a An infrastructure layer used to facilitate governance processes such as communication and voting among stakeholders such as pledge holders, so as to facilitate the smooth progress of the governance of DeFi projects.
In other words, with the help of Boardroom, users can understand the governance process and participate in governance And view and interact with the status of current proposals in real time. Boardroom also provides governance information, voter information, proposal information, protocol representative profiles, and proposal Q&A for each protocol.
What has Boardroom accomplished?
On August 7 this year, Boardroom released an Alpha version. Since then, Boardroom has continued to work with multiple DeFi protocol teams to help these projects integrate Boardroom. Currently, the DeFi protocols supported by Boardroom include Compound, yEarn Finance, Powerpool, Rarible, Yam, Aave, and Balancer, but Curve is not yet supported.
This means that users of these agreements can now participate in governance on the Boardroom dashboard, including understanding the agreement governance process, querying real-time dynamics of proposals and voter voting rights, and connecting wallets to participate in voting, etc. Delegate your own votes to protocol representatives.
In addition to the dashboard, users can also apply to become an agreement management representative on the "Delegates" interface on the Boardroom.
Additionally, Boardroom is continuously adding new function, will be implemented in the future All of the following features (partially implemented):
Protocol info: governance type, minimum number of votes required to pass, and more Relevant information;
Voter information: voter-related addresses, voting rights, and agreement representatives;
Proposal information: proposal content and results, Q&A;
Governance rewards: proposal incentives, reputation and experience accumulation, etc.;
User and protocol politician dashboard: proposed proposals, user reminders, protocol politician information entry, user API data entry, etc. (A protocol politician refers to a governor who participates in the governance of the DeFi protocol, proposes changes to the DeFi protocol, and conducts public voting.)
Protocol politician overview: historical voting participation activities, which DeFi protocol is more active , related tweets and articles, interactions such as Q&A, and information such as comments.
Boardroom's future development process
Considering the inconvenience of governance caused by the diversification of DeFi protocols, the disconnection of governance data and DeFi applications, maintenance Due to the high cost and the need for manual integration and other pain points, Boardroom decided that in addition to the governance management portal, it will also build the Boardroom SDK for developers in the next few months, that is, provide a decentralized encryption governance and communication ecosystem. critical middleware. Boardroom believes that wallets, exchanges, aggregators, and validators should have full access to standardized governance data, functions, and components across protocols without sacrificing convenience.
The SDK provides a single solution requiring only a Code allows developers to display standardized data and engagement modules across protocols to users while retaining their native application interface.
According to the project roadmap released by Boardroom in July, Boardroom plans to Kyber components will be released in October to support Kyber protocol governance, mStable components and Synthetix components will be released in November, and Boardroom SDK will be released in the next few months.
The origin and team of Boardroom Background
Boardroom started as a project in the Ethereum hackathon in October 2018, when the project was called "Kora". Kora is an on-chain governance tool for structuring project governance conversations that facilitates the governance process of DeFi projects. Project developers Young Joong Kim and Kevin Nielsen were previously involved in building governance and ecosystem tools for Tier 1 projects at TQ Tezos, which drives the adoption of Tezos, and Parity, a major technology development company in the Polkadot ecosystem. After that, the two developers gradually realized that simple and abstract governance tools and services are extremely important to promote the large-scale adoption of ecological governance systems by projects.
In early July this year, Kevin Nielsen proposed a DAO about Boardroom Proposal, which proposes to build a general governance dashboard and launch an MVP (Minimum Viable Product), has received support from MetaCartel Ventures, a decentralized autonomous investment agency.
After that, Boardroom began to formally develop products. MetaCartel Ventures also provided 3000 DAI to support the development of the Alpha version of Boardroom.
In mid-October, Boardroom obtained the $2.2M Seed Round Led by Crypto financing, CoinFund, IDEO CoLab Ventures, Framework, Slow Ventures and other institutions also made follow-up investment. The funding will be used to design governance tools, Boardroom said.
The governance of DeFi protocols has become a new normal. Solution infrastructure and service tools are expected to play a key role in this.
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