We’re living through interesting times, when we can clearly see

that there’s a lot of issues with the ways our different societies govern themselves. Seemingly rational individuals make up nations and states that do some really weird irrational stuff. How come? The thing is humanity could never govern itself properly, when you have a group with more than 150 individuals in it (Dunbar number) group dynamics change in ways we still can’t control. The history of humanity is the history of attempts to figure out how we can manage ourselves in such a way that we don’t murder each other immediately.

With decentralized ledgers we may have seen the light at the end of the tunnel. Transparency, that decentralized ledgers provide, is able to help with the decision makers accountability, making our hierarchies less prone to corruption. The question remains though, what else, besides transparency, we need in order to build better governance.

Current blockchain governance models obviously don’t work even for managing DeFi protocols and DAO’s, let alone trying to use them IRL. Simple token governance allows you to turn your project founder advantage or just your funds into a way to manipulate the on-chain governance, that is just too simple to withstand that.

It can be fixed, though. Transparency is not everything, you need to have accountability and get the decision makers to have skin-in-the-game. If you’re fit to govern you have to prove it. Once you have established yourself as an actor that can make the right governance decisions you get to obtain more governance power. If you don’t perform your power is taken from you. You are being slashed.

This is governance with slashing. It is inspired by the blockchain protocols themselves, where you need to possess a certain resource in order to participate in the consensus process. If you misbehave it can be taken from you. As a matter of fact, slashing does not really work for L1 protocols, there are many reasons for this. It will work for less rigid governance applications, though.

Partially it is also inspired by futarchy, a model where prediction markets are used for the decision making process. Futarchy has obvious flaws due to prediction market inefficiency, but the idea of crowd-based intelligence based on KPI’s is still valid.

In a nutshell the protocol will operate like that (I hate DAO abbreviation but let’s use it for now)

- DAO actors (decision makers, officers, active members) have a vested interest in DAO performance by locking their DAO tokens. They can be slashed in case of poor performance, and they can receive more tokens if DAO meets its goals.
- Each DAO has a KPI set that it strives to achieve. It is determined at the DAO initiation stage. KPI performance is tracked by a separate group of DAO actors. In case of their malicious performance KPI voting can be elevated to the global community of the whole DAO’s family.
- For-profit DAO’s buy back the main DAO token with their profits and reward DAO actors in case of success. Non-profit DAO’s are sponsored and have a stake of DAO tokens to be distributed if they are successful.
- Voting process in DAO's is based on the voter stake in the main DAO token. Successful decision-makers earn more tokens during DAO’s operation and increase their voting power.

The goal of the platform is to quantify decision making power and create a structure where decision makers have “skin-in-the-game” (can be slashed) , are chosen on their merit (and it is quantifiable), and operate in a fully transparent way.

We will build a new decentralized governance platform that will make sure that decision makers have a strong incentive to align their goals with the community interests, and the community can be in charge at all times. The protocol is explicitly meant to be multi-purpose, potentially reaching beyond crypto applications. It is inspired by blockchain consensus, but will go beyond blockchains.

We’ve never had the power since we lived in tribes. It’s time to take the power back!

$POWER.

It is inspired by blockchain consensus, but will go beyond blockchains. We’ve never had the power since we lived in tribes. It’s time to take the power back! 🔥🔥🔥 Not words, it's diamonds 🔹