Last updated 5 months ago
Voters still have the problem of making their decision from a large number of proposals and reviews are not seen by many people as a reliable source of information about the quality of proposals.
This is the total amount allocated to Reputation Scores for Catalyst Proposers & Reviewers [by Lidonation & TrustLevel]. 1 out of 4 milestones are completed.
1/4
Research and Data Analysis
Cost: ₳ 30,000
Delivery: Month 1 - Apr 2024
2/4
Reputation Framework Development
Cost: ₳ 30,000
Delivery: Month 2 - May 2024
3/4
Testing and Optimization
Cost: ₳ 25,000
Delivery: Month 3 - Jun 2024
4/4
Project Completion
Cost: ₳ 15,000
Delivery: Month 4 - Jul 2024
NB: Monthly reporting was deprecated from January 2024 and replaced fully by the Milestones Program framework. Learn more here
We will develop a POC to link roles, expertise and reputation in Catalyst. The reputation scores will be integrated into the Lidonation Catalyst Explorer tool and published as badges and filters.
No dependencies.
The open-source license model will either be the Apache 2.0 license or the MIT license.
Extended Problem Statement:
Voters in the Cardano community face challenges in making informed decisions due to the overwhelming number of proposals, compounded by a lack of trust in community reviews. Evaluations of Fund 10 reveal low participation rates and limited engagement, indicating a fundamental issue in assessing the reliability of individuals and parties within an open system. The absence of a straightforward reputation system poses a risk to the quality of collective decisions within the Catalyst ecosystem, even with the introduction of DReps.
Evaluations of Fund 10 show:
Source: https://twitter.com/LidoNation/status/1709916495550030191
The fundamental issue is that assessing the trustworthiness and reliability of individual persons and parties in an open system requires great efforts. Trustless systems that involve human actions and interactions require some sort of process to build reputation. Without a simple reputation system that makes past actions and decisions visible and links them to their outcomes, Catalyst is prone to poor collective decisions and runs the risk of not supporting the best teams and ideas.
Proposed Solution
To address these challenges, our proposed solution involves a comprehensive approach:
1. Research:
Utilizing data from previous funding rounds up to Fund 10, we conduct a thorough analysis. Leveraging Catalyst Testnet, Ideascale Platform, Milestone Reporting, and Community Reviewing data, we aim to:
The current available data set (cast a wide net of catalyst data):
2. Proof of Concept (POC):
We will develop a framework as a proof of concept to link roles, expertise and reputation. Starting with the [proposal, reviewer] role, we will generate reputation. Reputation will be integrated and published to the lidonation catalyst explorer tool as a badge and filter. The [proposal, reviewer] role can serve as a template to build reputation for other catalyst roles in the future.
Building upon the research phase, the Proof of Concept (POC) is a crucial step in demonstrating the feasibility and effectiveness of our proposed reputation system within the Catalyst ecosystem. The POC involves the following key components:
a. Framework Development:
b. Reputation Generation:
c. Integration with Catalyst Explorer:
1. Project Impact on the Cardano Community:
Without a simple reputation system that makes past actions and decisions visible and links them to their outcomes, Catalyst is prone to poor collective decisions and runs the risk of not supporting the best teams and ideas. We address the challenges faced by the Cardano community in making informed decisions about proposals in the Catalyst voting process. By implementing a reputation system, we seek to enhance trust in the decision-making process, ultimately leading to better support for high-quality teams and ideas.
2. Measurement of Impact:
Quantitative Measures:
Qualitative Measures:
3. Sharing Outputs:
Our team has proven its experience in various technical projects:
Lidonation:
The Lido Nation team has delivered 9 Project Catalyst projects, and is fully invested and involved in the community, at both virtual and in-person events. Darlington is a Cardano Ambassador and a full-stack Software and DevOps Engineer with experience running his own company.
TrustLevel:
The TrustLevel team is building a Universal Reputation Protocol (URP) based on AI and Blockchain technology that is designed to provide a decentralized and transparent system for rating the trustworthiness of individuals and organizations. Their protocol can be used in various domains such as (social) media, research, e-commerce, and finance.
2. Track Record and Trustworthiness:
Our team members have been actively engaged since Fund 3 in Project Catalyst. We have been involved in multiple funded projects in Catalyst. Darlington already operates the most widely used Catalyst community website.
3. Fund Management:
We will use Dework to manage and track the progress of our proposal. This will also include a transparent overview of the received payments from the treasury and the payment to our team.
We propose a four-month timeline for implementation of all milestones, assuming a start date of March 1, 2024.
Research and Data Analysis (6 Weeks)
Reputation Framework Development (6 Weeks)
Reputation System Testing and Optimization (4 Weeks)
Project Completion
Name: Dominik Tilman
Role: Project Management, Data Analytics
Links: https://www.linkedin.com/in/dominikstumpp/; www.trustlevel.io; www.conu21.com
Description: Founder of TrustLevel.io & Conu21.com, 15+ years experience in innovation management and company building.
Name: Darlington Wleh
Role: Technical Lead
Links: https://www.linkedin.com/in/profd2004/
Description: Darlington is an engineer by day, at all times, a dancer, humanitarian, idealist, and entrepreneur. Darlington is a Cardano Ambassador, who contributes by writing articles, podcasting, hosting Twitter Spaces and live meet-ups. Darlington has deep knowledge about blockchain technology and broad experience in the Cardano ecosystem. Darlington have been helping and leading architecting and delivering of software solutions to small and medium size enterprises for the last 15+ years.
Total Cost for Milestone 1: $16,000
2. Milestone: Reputation Framework Development (6 Weeks)
Total Cost for Milestone 2: $16,000
3. Milestone: Reputation System Testing and Optimization (4 Weeks)
Total Cost for Milestone 3: $6,000
Final Milestone (1 week)
All close-out and project completion activities: $2.000
Overall Budget: $40,000
Calculated with 1 ADA = 0.4 USD
Total Budget: 100.000 ADA
Expertise and Complexity:
Costs reflect fair compensation for specialized skills in data analysis and software development. The budget allocations align with prevailing rates in the industry, determined by the experience and skill set of professionals.
Strategic Investment:
The budget represents a strategic investment in the Cardano ecosystem, ensuring a high-quality reputation system with long-term positive impacts on governance and community trust.
Risk mitigation:
As a team, we willingly accept the currency risk of being paid in ADA, demonstrating our commitment and adaptability in a dynamic cryptocurrency environment. A decrease in the ADA price is a risk we bear, while any increase allows us to expand the scope.