Solution to Improve DAO Governance Efficiency

1. Motivation:

I believe Balancer is very serious about the its Governance Process and involving community in making key decisions as evidently by the amount of work has go into this document (link)

I’m a co-founder of Syncvote. I believe our tool can add tangible value to the implementation of Balancer’s governance process without any changes to the current setup. The goal is to let admins and members focus on making decisions instead of getting lost in tech stuff.

2. Problem Now:

I see 3 existing problems in implementing Balancer governance process:

  1. The proposer must remember all the technical details of the governance process to avoid making mistakes.
  2. The proposer has to bounce around different platforms, such as Discord, Forum,… for each step of the process.
  3. Any solution that could potentially consolidate everything into one platform for consistency and ease of navigation would require the DAO to abandon its current setup and adopt a new one.

3. How We Solve It:

Syncvote provides a chrome extension. It works as a unified front-end for any DAO member that wants to make a proposal to Balancer. It acts like a central hub, no more bouncing between different platforms. Members can kick off and handle proposals, watch progress, and move through stages – all in one interface.

Why Syncvote will fit nicely into the current Balancer practice:

  1. Non-invasive, there isn’t any new platform to familiarize with, just open the extension and click “start new proposal” to start.

  2. The extension works with all the platforms DAO has been using, so you don’t need to make any changes to your current setup.

  3. It’s free, our goal is to eventually put every DAO to operate completely on-chain, so until Balancer decides to write data on-chain; it won’t cost you anything.

My co-founder’s created this video to illustrate how the plugin works for a DAO: Syncvote Demo

4. Next Steps to Implement:

To implement this transformative solution for Balancer, we propose the following steps:

  1. After the proposal has been passed, I will convert the Balancer Governance Process into a format compatible with Syncvote. An administrator/coreteam member can help me to follow-up and also check its accuracy.
  2. After that, Balancer will start announcing to community members on forum, announcement channels on discord and twitter… that they can start using Syncvote extension to make new proposals from then on.

In conclusion, I see this as a straightforward implementation that helps to smooth governance experience for Balancer community members. I would be grateful if Balance radopts Syncvote.

Thank you for reading my post. I would like to have your feedback on this topic.


Posted a few comments/questions below.

  1. The Balancer Maxis automatically take care of any techincal/payload work required from any BIP posted on the forum starting with BIP-XXX as part of our governance facilitation process. If you ask Balancer proposers, figuring out how to do the tech coordination is not a thing. We have a great group of people helping to make governance work.

  2. The only platform required for governance is the forum, all someone has to do is post a BIP, for many BIPs this is the only point of contact. We also have contributors available on telegram and discord to help users learn about balancer, figure out how to build optimal pools, and help people understand our governance process, but this contact not part of the governance process and is more about community and people talking to each other.

  3. Do you have examples of folks who have proposed stuff to Balancer Governance and think this consolidation is neccessary? I don’t see the need, but maybe I’m being blind, deaf or ignorant.

I don’t see any request for funding here. If you think you have a thing that helps, and find some users that see a problem, feel free to set it up and present, with those users, the problem and how this makes their life easier. Then perhaps it is worth discussing more.

Dear Tritium, thanks for your comment.
This tool is absolutely free and what I’m trying to say is for general member, making a proposal could be complicated and Syncvote could help simplify that.

Feel free to setup a demo and/or dm me on discord/telegram to show me how it works. If you want a bit more input into some processes that could be made easier or someone to give feedback your thing once it’s setup, feel free to get in touch

I don’t think there is a proposal to accept or deny at the moment. I think what you’re proposing is that you try to make governance easier for users and then we market your solution a bit if it does so. I’m happy to spend an hour or two seeing where that leads.