Proposal for Profile-Based Governance Voting

Introduction

This proposal aims to leverage Sanctum’s existing Profiles feature to create a more personalized and engaging governance voting experience. By integrating governance functionalities directly into user profiles, we can enhance community participation, informed decision-making, and overall platform engagement.

Objectives

  1. Increase User Engagement: Personalize the governance process to make it more accessible and engaging.
  2. Improve Informed Voting: Enable users to follow and learn from experienced community members.
  3. Strengthen Community Involvement: Encourage broader participation in governance decisions.

Features

  1. Follow Influential Profiles:
  • Allow users to follow influential community members and view their voting patterns and governance activity.
  • Provide notifications and updates on governance proposals that these profiles engage with.
  1. Voting Transparency:
  • Display voting records and rationale for decisions made by influential profiles.
  • Allow users to comment on and discuss these decisions, promoting transparency and accountability.
  1. Proposal Endorsements:
  • Enable profiles to endorse governance proposals, which will be highlighted to their followers.
  • Track the number of endorsements a proposal receives to gauge community support.
  1. Governance Analytics:
  • Provide analytics tools to users, showing their voting history, impact, and alignment with other profiles.
  • Display trends and patterns in voting behaviour across the community.

Benefits

  1. Enhanced Engagement: Users are more likely to participate in governance if the process is personalized and engaging.
  2. Informed Decisions: Access to experienced members’ insights and voting patterns helps users make better-informed decisions.
  3. Community Strength: Increased transparency and interaction incentivize a stronger, more cohesive community.

Risks and Mitigations

  1. Echo Chambers: There is a risk of creating echo chambers where users only follow and mimic a few influential profiles. To mitigate this, promote a diverse range of profiles and encourage users to explore different viewpoints.

  2. Manipulation: Influential profiles could sway votes disproportionately. Implement checks and balances, such as limiting the number of endorsements a single profile can make.

5 Likes

@fplee I really do think this could be a way to create a better governance tool?

Say if we utilise a formula, something like this:

Since we are still exploring innovative idea, what if we see if that’s agreeable in the community? Tie it with S2 and how those staking CLOUD could reward earnest direct support of those staking.

6 Likes

This could help in its use for the Community Pool…

Some community members had issues with “The Whales will Win”.

Well, by rewarding the stake a multiplier factor with say…

  1. Research.Sanctum.So activity (The higher the more trust)
    Can even add Likes as a factor to further increase Earnestness Score
  2. Previous Socials Activities:
    Using the Discord, Twitter & Telegram activity count of users within Sanctum post-S1 End, as per previous Earnest Scoring.

This idea I can get behind if there’s the capacity for the team to integrate as to empower the Sanctum - Profiles IP and ability to grow MAU. This can pontentially increase TVL as adoption grows.

I think there are even more interesting cases of Utility for CLOUD propping up in the forums that we’d love the community to check out:

Implementations:
i. Ideas of a Futarchy:
The ultimate CLOUD utility: Futarchy Governance - $CLOUD - Sanctum Research

ii. Utilisation of LVT:
Proposal: Creation of Liquid Voting Tokens (LVTs) - Sanctum Community (SanctumDAO) - Sanctum Research

iii. ASR Governance Vote Mechanism:
[Proposal] Active Staking Rewards (ASR) similar to JUP - Sanctum Community (SanctumDAO) - Sanctum Research

iv. LST- Index’d ETFs:
[Proposal] Expanding Sanctum’s Infinity Token Ecosystem - Sanctum LSTs - Sanctum Research

Feedback:
i. Season 2 LST League:
Proposal [Cloud Utility Ideas] - $CLOUD - Sanctum Research

ii. Consideration of Locked Tokens Voting Power:
Proposal for staking of CLOUD Earnestness allocation - Sanctum Community (SanctumDAO) - Sanctum Research

iii. NFT-fication of Pets as LST (PathFinder):
Wonderland NFT Collection - Sanctum Products - Sanctum Research

iv. AMAs on LSTs:
AMA and New LST information - Sanctum Community (SanctumDAO) - Sanctum Research

Many of these proposals would benefit greatly in a fairer way to distribute votes accordingly, to the Community, to the Sanctum Aligned and Earnest.

^ Open to contra views to find a middle ground.^

@eggpanned @fplee @Alkine @cwchan

4 Likes

Quantitatively measuring earnest will lead to gamification.

  1. A better way would be to have an elected body, that qualifies users’ acitivity through their linked socials. Of course, there would have to be guidelines and avenues for disputes if taking this approach.

  2. Another approach would be to use AI to scan thr socials, but that’s additional dev cost if the tech doesnt already exist.

Earnest overall is quality based and needs an intelligent interpretation.

4 Likes

expensive to monitor social media. also expensive if sanctum profiles have a financial incentive to farm engagement (supposing scanctum posts will be a thing, ppl will cross post from social media)

I like the idea of sanctum becoming an alternative web3 social media platform, but think it could be better to iterate slowly on that at first

4 Likes

Very fair point.

Slow and steady if it is indeed integrated… Would be a shame for Profiles to not be used for something.

3 Likes

I like the idea of sanctum becoming an alternative web3 social media platform, but think it could be better to iterate slowly on that at first

oth, if it cost $cloud to post to a sanctum profile :thinking:

3 Likes

what if you linked a wallet to your profile HERE, and then voting was within the research forum, it’d herd people to the discussion place and to the proposals to directly vote on them.

4 Likes

Seems like the choice is picking steam:

Check & Vote here :smiley:

Would be keen to know what your plans are if you had funds to further develop your proposal and potential plans for growth for CLOUD?

2 Likes

So first off, linking wallets to profiles would make voting way easier—everything could happen right inside the research forums, which should push people to actually engage in discussions and proposals. It’s a natural step toward integrating CLOUD into governance stuff like voting and endorsements, giving the token real utility while making the whole process smoother.

Growth-wise, we’d roll this out gradually. Start small with basic governance features, then build up to things like weighted voting or tiered access based on how much CLOUD you’re holding. By going slow, we can avoid issues like echo chambers or a few whales controlling everything. It also gives us time to test things in the real world without crashing the system.

Down the road, we could tie CLOUD to cool perks like community rewards, exclusive content, or even paid features like posting within Sanctum profiles—giving people a reason to contribute more thoughtfully. AI for verifying social activity is something we might look into later, but the main goal is still solid, fair governance. We want to make sure whatever we build stays aligned with what CLOUD and Sanctum are all about.

1 Like

HawkFi integration like how @richard_ISC did the INF x ISC Pool?

I think might be good if Community Grant winnings be utilised for that sort of incentives :smiley:

Will depend on Community Vote though!

3 Likes