Proposal to help fund the development of Gardens v2

Giveth Proposals
6

Hi Giveth,

Quick update on our v2 work from the Gardens Swarm - our first big milestone is to rebuild Conviction Voting using Allo Protocol v2 with some key improvements from Gardens v1.

This rebuild is nearly done and has LOTS of really nice improvements:

  • Point Systems. CV in gardens v1 only allows for 1 token = 1 vote. In v2, communities can pick between 4 different point systems for voting weight.
    • Fixed Points: all members get the same voting weight
    • Capped Points: 1 token = 1 point, up to a capped limit of points
    • Unlimited Points: 1 token = 1 point, no limit (our current system)
    • Quadratic Points: # of points = square root of tokens staked
  • No more Abstain Proposals. Instead, community members will activate / deactivate their voting weight for a CV instance.
  • Better visualizations for proposal statuses and support. Support across funding proposals in v2 will be compared to each other in a way that more intuitively expresses how much support + conviction different funding proposals have, and how much they need to pass.
  • Add or remove support across all proposals at once. Instead of changing support proposal-by-proposal, v2 CV lets you adjust your voting weight between all active proposals at once. See prototype of this feature on youtube.
  • Choose which proposal types (Funding, Signaling, Streaming) are available in the CV instance: This opens up the ability to easily set up a CV poll, which can be used for things like a continuous election for the signers of a Gnosis Safe, or allocating token weights in a Portfolio.
  • Fix for unintended effects of the “Minimum Effective Supply” parameter: A lesser known CV parameter meant to slow-start Conviction Voting instances until enough people stake voting weight has been kicking in for mature DAOs, making it harder to pass proposals (Of the existing Gardens only 1Hive is affected). V2 has an update for this parameter that will fix this issue.

We built a demo version of this new Conviction Voting application for the Allo on Arbitrum hackathon, where it won first place in the “Best Novel Funding Distribution Tool” category.

We’re still targeting end of March for our first beta gardens v2 release, and hope the Giveth community will be able to support us with funding and feedback.

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