{"title": "GoodGov", "logoImg": "bafkreigtlngfni3rkvpntyzoioy2oxbjnssnocq2ztncs3zzmohlmockua", "website": "https://goodgov.my.canva.site/", "bannerImg": "bafkreicndnleofcq5ykgtn3zdq3toa7lp3eew4dqze6kxytgkom3q4y4eq", "createdAt": 1743529580336, "userGithub": "heyheyitsnma", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"type": "EthereumEip712Signature2021", "created": "2025-04-01T18:03:25.337Z", "@context": "https://w3id.org/security/suites/eip712sig-2021/v1", "proofValue": "0x82ac81809c7eeca6301dfeb206f7e9bd30267692e55b3aa6941fefdb8357bc621179c04eb6db6d9512bfb738cdcb9066b576d744412b1841e7efd6342dd672131b", "eip712Domain": {"types": {"Proof": [{"name": "@context", "type": "string"}, {"name": "created", "type": "string"}, {"name": "proofPurpose", "type": "string"}, {"name": "type", "type": "string"}, {"name": "verificationMethod", "type": "string"}], "@context": [{"name": "nullifiers", "type": "NullifiersContext"}, {"name": "provider", "type": "string"}], "Document": [{"name": "@context", "type": "string[]"}, {"name": "credentialSubject", "type": "CredentialSubject"}, {"name": "expirationDate", "type": "string"}, {"name": "issuanceDate", "type": "string"}, {"name": "issuer", "type": "string"}, {"name": "proof", "type": "Proof"}, {"name": "type", "type": "string[]"}], "EIP712Domain": [{"name": "name", "type": "string"}], "CredentialSubject": [{"name": "@context", "type": "@context"}, {"name": "nullifiers", "type": "string[]"}, {"name": "id", "type": "string"}, {"name": "provider", "type": "string"}], "NullifiersContext": [{"name": "@container", "type": "string"}, {"name": "@type", "type": "string"}]}, "domain": {"name": "VerifiableCredential"}, "primaryType": "Document"}, "proofPurpose": "assertionMethod", "verificationMethod": "did:ethr:0xd6f8d6ca86aa01e551a311d670a0d1bd8577e5fb#controller"}, "issuer": "did:ethr:0xd6f8d6ca86aa01e551a311d670a0d1bd8577e5fb", "@context": ["https://www.w3.org/2018/credentials/v1", "https://w3id.org/vc/status-list/2021/v1"], "issuanceDate": "2025-04-01T18:03:25.335Z", "expirationDate": "2025-06-30T18:03:25.335Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xE416dE13e7859Ba860de0DE3563dA1e4e97dbd97", "@context": {"provider": "https://schema.org/Text", "nullifiers": {"@type": "https://schema.org/Text", "@container": "@list"}}, "provider": "ClearTextTwitter#GoodGov_", "nullifiers": ["v0.0.0:ns+1ghtMwZEb6lB/oa3o45FjFKmmxLwnajS2IZRCT4M="]}}}, "description": "Project Name: GoodGov\n\nSummary: GoodGov is a decentralised application (dApp) designed to enhance $G utility by increasing long-term staking, boosting governance participation, and rewarding active users. It aims to strengthen GoodDAO decision-making, improve staking incentives, and create a more engaged and sustainable ecosystem.\n\nProblem Statement: Many GoodDollar holders do not actively stake or engage in governance, leading to low participation from $G holders in GoodDAO decision-making, underutilised staking potential, and reduced incentives for long-term holding.\n\nLow Governance Engagement – Many $G holders do not participate in GoodDAO decision-making, from both a lack in education, engagement and opportunities, leading to centralised influence over key proposals and a decrease in long-term engagement from wider participants.\n\nUnderutilised Staking Potential – Users hold $G without staking, limiting ecosystem sustainability and financial incentives. This also means that there are missed opportunities to create more composability to staked $G such as single-sided liquidity provisions.\n\nLack of Long-Term Commitment – Users frequently stake for short periods or exit due to insufficient rewards and engagement incentives. This is different from “set-and-forget it” users, as there isn’t a sufficient incentive for them to continue utilising the platform, which also affects them being involved in supporting the broader GoodDollar ecosystem.\n\nWithout addressing these challenges, GoodDAO risks reduced decentralisation, inefficient governance, and financial instability within the GoodDollar ecosystem.\n\nSolution: GoodGov incentivises users to stake $G for longer durations and actively participate in governance through:\n\nTiered Rewards Model: Users earn variable rewards based on their level of participation in governance activities, incentivizing consistent and meaningful engagement. Higher tiers offer greater rewards, encouraging users to contribute more actively over time. This model ensures long-term retention by aligning user interests with the platform’s growth and stability.\n\nOn-Chain Reputation Tracking: A transparent, immutable system tracks and quantifies user contributions to governance, such as voting, proposals, and community engagement. Reputation scores evolve based on the quality and frequency of participation, ensuring fair recognition. This mechanism helps distinguish committed stakeholders from passive holders, fostering a meritocratic ecosystem.\n\nGovernance-Linked Staking: Users stake $G tokens to participate in governance, earning additional rewards proportional to their involvement. The more a user engages in voting and decision-making, the higher their staking rewards, creating a direct incentive for active participation. This system ensures that stakeholders are financially aligned with the platform’s success while discouraging passive holding.\n\nDecentralized Voting Mechanism: A secure, tamper-proof voting system ensures that all governance decisions are transparent and verifiable on-chain. Voting power is weighted by reputation and staking commitment, preventing manipulation by large token holders. This democratic approach guarantees that key decisions reflect the collective will of the most engaged and invested community members.\n\nEducational and Engagement Tools: Interactive dashboards provide real-time insights into governance proposals, voting trends, and user contributions, making participation more accessible. Learning modules and tutorials educate users on governance processes, lowering the barrier to entry for newcomers. These tools foster an informed and engaged community, driving higher participation rates and better decision-making.\n\nKey Features:\n\nA. Staking & Rewards System: Users stake $G for predefined durations. The rewards that are distributed to users, increase based on staking duration, participation in governance and other metrics too. With automated smart contract execution it ensures fair distribution of staking yields.\n\nB. Governance Participation Incentives: This can evolve into stakers receiving weighted voting power based on reputation and staking amount. Users who consistently vote, propose changes, and contribute to governance gain higher influence. The rewards will be adjusted based on engagement levels.\n\nC. On-Chain Reputation Tracking: Users build a Reputation Score based on governance activity and staking history. Higher reputation unlocks governance privileges and additional rewards.\n\nD. Decentralised Voting & Proposal Mechanism: Token holders can submit proposals on key decisions. The reputation and staking volume of the user influences voting power. The eventual voting results are stored on-chain for transparency.\n\n\nE. User-Friendly dApp Interface: Intuitive UI for staking, governance participation, and tracking rewards. Live analytics to showcase governance impact\n\nExpected Impact: GoodGov transforms GoodDollar into a more decentralised, participatory, and resilient ecosystem. Increased governance participation and staking, will lead to better decision-making, and a stronger ecosystem will emerge with long-term user retention and engagement. \n\n\n\n", "logoImgData": {}, "bannerImgData": {}, "projectGithub": "heyheyitsnma/GoodGov", "projectTwitter": "GoodGov_"}