{"title": "Gobying", "logoImg": "bafkreib63yxy7cpsffsvuvqk6a2d3nl6ymifmdgic3exyokj4eqp53tg3u", "website": "https://github.com/Kanoopz/gobying/tree/main", "bannerImg": "bafkreif3prtzwebixz5zzuzklyh5gthokhx77lxwsooyq3irkz7iypvjfm", "createdAt": 1713325719497, "userGithub": "Kanoopz", "credentials": {}, "description": "**Research impact of new uses for a better governance transparency.**\n\n**Tldr.** Research the creation and impact of a marketplace where delegates and stakeholders can transparently bid for more governance delegation or support a delegate to enhance transparency and participation.\n\n\nBribing and lobbying are two distinct practices that have an impact in governance and policy making. The impact can be compared and contrasted to measure when they are postive or negative. Decentralization will only be enhanced when more transparency and more participation is introduced.\n\nThe **Gobying** project is researching the ramifications of creating a market mechanism for delegation within any decentralized protocol governance. \nThis research includes several phases, beginning with preliminary literature research and analysis that lead to the development of an impact document detailing the hypothesis, data, analysis and conclusions to then create a Minimum Viable Product (MVP). \n\nThis MVP aims to create a marketplace where delegates can allocate a pre specified amount of tokens or USD to be distributed among all the votes that are assigned or delegated within a defined timeframe. Additionally, there will be a market were other participants can allocate their own capital to support a delegatee (directly sending public gratifications or) allocating this funds being distributed to all delegated votes within a set period.\n  \n![Graf](https://i.ibb.co/JH5DQM9/GABRIEL-GRAFICA-1.jpg)\n\nThe research encompasses an economic and incentives structure analysis to assess the potential benefits and drawbacks of such a system.\n\nOur thesis posits that enhanced transparency in the protocol will prevent the formation of a clandestine bribery market that could steer the protocol towards undisclosed objectives. Furthermore, the protocol will increase the participation of token holders in the governance process, thereby promoting decentralization. A final predicted outcome is the evolution of the delegate authority. \n\n\n\n**Who are we?**\n**@0x_cripto**: Tradfi economist, 7 year of involvement in crypto markets, co-founder of ETH Monterrey @eth_mty.\n**@yoSoyDev_eth** / **Erezedor**: fullStackDappDeveloper, smartContractAuditor, co-founder of ETH Monterrey @eth_mty.\n\n**Where are we now/recent milestones**\n- Research started and first draft for the protocol architecture:\nhttps://github.com/Kanoopz/gobying/tree/main\n\n\n\n**How will you share progress?**\n•\tThe community can track the repository progress on Github\n•\tWe will develop the front end web page for the protocol in more advanced stages\n•\tX/Twitter spaces\n•\tResearch impact analysis \n\n\n**How does the Project support public goods?**\nEnhancing governance transparency and the utility of tokens through participatory involvement in research and open development.\n\n\n**What are funds for?**\nLead and researcher + Backend dev + Frontend dev\n4 month / 10 hours week work per contributor.\n$40 USD per hour rate\n$40 * 10hours * 3contributors * 12 weeks = $14,400usd \n\n\n**Previous project funding sources.**\nNone\n\n\n\n**Total prior funding for the project in USD.**\n0\n\n\n\n**Next steps**\n- Enhance protocol architecture and its development \n- Research literature on bribing and lobbying to create an analysis on impacts to develop conclusions on possible outcomes from these market dynamics\n\n", "logoImgData": {}, "bannerImgData": {}, "projectTwitter": "0x_cripto"}