- DeXe’s underlying protocol enables the creation of equitable, meritocratic DAOs
- It rewards meritocracy by adjusting voting power based on expertise
Most existing DAOs are centralized to an extent. Their barriers of entry are high: according to Chainalysis, a user must hold between 0.1% and 1% of an outstanding token supply to create a proposal. This exclusivity implies that only 1 in 1,000 to 10,000 token holders can initiate one, and an even narrower segment can approve it.
To meet this challenge, DeXe, an expert in DAO governance, emerges to offer DeXe Studio: a comprehensive, intuitive tool for constructing and managing advanced, sustainable governance structures, Bankless Times learned from a press release.
The next chapter in DAO management
As the modern version of Hammurabi’s Code of Laws, DeXe’s underlying protocol enables the creation of DAOs that would be equitable, meritocratic, and effective in the long term. Operating under a Swiss Association legal wrapper, DeXe ensures its decisions have weight in the traditional legal system. This intersection of technology and law provides a unique, holistic governance model that is innovative and compliant.
The protocol rewards meritocracy by adjusting voting power based on expertise and increasing the rewards for those who delegate to experts. It also fights centralization by lowering the voting and reward incentives for one person to avoid accumulating too much power in one person’s hands. DeXe promotes a system where expertise leads to greater influence, and members contribute meaningfully to the DAO’s growth.
Introducing DeXe DAO Studio
DeXe Studio is the first product built on the protocol. This dApp provides an all-encompassing, user-friendly workspace designed for accessibility and utility, consolidating all aspects of DAO management on a single platform. DeXe significantly lowers the entry barrier: through a five-step onboarding process, users can have a functioning DAO without the need for coding skills.
A high level of adaptability provided by the protocol enables DAOs to devise a governance structure that suits their specific needs and boosts user engagement. With DeXe Studio, users can:
· Engage in comment threads directly under each proposal, streamlining discussions within the platform.
· Receive timely notifications tailored to their specific governance interests.
· Customize voting parameters, including quorum size, early voting options, validators, and more, for each proposal type.
· Govern utilizing any token or NFT collection or generate a new governance token in a matter of seconds.
This all-in-one solution empowers users to shape and manage their DAOs according to their unique preferences and requirements, marking a significant advancement in the field of DAO governance.
DeFi governance, remastered
By lowering barriers to entry and offering unprecedented customization, DeXe is setting the stage for a more inclusive and effective decentralized governance model. As other platforms inevitably follow suit, we’re looking at a new chapter where efficient DAO governance can help unlock the full potential decentralized autonomous organizations have to offer.
