Please describe your proposed solution.
dReps will vote on the vast majority of proposals within Project Catalyst and enhance the quality of decision making within each Fund
To do that, dReps have to convince ADA holders to gain delegation from communities. The people who are likely to gain the trust of the community are usually influencers, KOLs or admins of the communities.
Many influencers, KOLs and community admins do not have much experience, time and knowledge to be able to assess proposals and make accurate voting decisions.
Therefore, we create references to the proposals in each fund to help dReps who have the ability to call the delegate community but do not have enough experience, time and knowledge. dReps can refer to this document to make correct voting decisions
Please describe how your proposed solution will address the Challenge that you have submitted it in.
This proposal will help to address 2 key Metrics of the challenge
(Number of dReps) How many dReps were onboarded? We'll make it easy to become a dRep. dRep does not require too much time, knowledge and experience. Therefore, almost anyone can become a dRep if they are able to convince people to delegate
(Accuracy of delegate decisions) How well did we create content and tools to make it easier to consider dReps? This reference will help dRep with more information and assessments of the proposals. dRep will be able to make more accurate decisions
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
This reference can increase centralization if too many dRep use the same reference without making individual assessments.
<u>Solution:</u> We will make this reference public so the community can compare it with dRep's voting decisions and rational assessment . This will help ADA holders know if the dRep is using the document for reference or 100% copy. Thereby reducing the reputation of dRep.
The assessments in this reference are subjective as they are based on the experience and knowledge of the reviewer.
<u>Solution:</u> This is a reference. It is for reference only, not decision making for dRep. Therefore, dRep still has to evaluate the proposal according to dRep's opinion. If dRep has comments on references, you can email us and we will answer their questions.