Governance in Decentralized Platforms and DAOs: Braintrust Case

What is a DAO? What makes a platform decentralized?

  • Decentralized, the rules can’t be changed by a single individual or centralized group;
  • Autonomous, they operate based on a smart contract, meaning they will continue functioning as long as the underlying blockchain continues to function;
  • Organizations, coordinated activity among a community of stakeholders: ex: developers and users on a specific blockchain network; Ethereum, Avalanche, Tezos etc.

Decentralized platforms of Web3 uses Discord as the workspace.

Inside the Discord Server of Braintrust
  • Having a well structured governance system and documenting it
  • Making clear statements about how to participate in governance
  • Using a good voting system like Snapshot
  • Having appropriate amount of active and past proposals
  • Having communication spaces like Forum or specific subchannels on Discord under the name of ‘Governance’ for community members where they start discussions and have conversations about proposal ideas

Governance allows any community member to propose an idea that can improve the platform+contributors.

  • Control the future of the network,
  • Decide which categories it expands into,
  • How disputes should be resolved,
  • What platform fees should be,
  • What the platform rules should be,
  • Other network governance topics you want any change.
Governance subchannels
  • It all starts with an idea that materializes into a proposal, which is a write-up of the idea in more detail with description and arguments.
  • Community then express their opinion on the proposal by voting with the tokens they hold in their crypto wallet (Metamask, Rainbow etc.). More tokens you have=more voting power you will have.
  • If the results of the voting process for a proposal are favorable, the proposal gets executed via code on the blockchain and a new governance goes live.
Proposals of Braintrust on Snapshot
  1. Some community members of Braintrust started a conversation around fees.
  2. Discussion went deeper and they turned the convo into a proposal.
  3. The proposal went live on Snapshot, which is a decentralized voting system.
  4. Token owners voted and the proposal passed.
Proposal on Snapshot: Changing the fee payment model for Braintrust

As a result of the proposal:

In conclusion:

Ownership in centralized platforms is highly concentrated between a few people and investors.

More about governance:

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