Abstract
This initiative proposes implementing an automated governance tracking bot to bridge the communication gap between SafeDAO’s onchain governance activities and the broader community. The system will automatically distribute governance updates across X and Telegram, enhancing participation and awareness in SafeDAO’s governance process.
Our main goal is – increase voter participation and engagement. This happens when you communicate to active community members on their preferred social channels i.e. X for content and Telegram for communication.
Through the bot we want to bring active participation from – X/Telegram → Snapshot/Tally.
This will kickoff a flywheel.
More engagement → More participation → More engagement.
Aligned Strategy
[Strategy 5] Increase governance participation
Funding Request
9,000 SAFE tokens (equivalent to $10,200)
Upfront Funding
3000 SAFE (equivalent to $3,400)
Relation to Budget
Less than 50% of the budget of $21,000.
Metrics and KPIs
- Governance Participation
- Voting Engagement:
- Target: 20% increase in unique addresses participating in governance votes within 3 months
- Metric: Number of unique addresses participating in Snapshot votes
- Proposal Awareness:
- Target: 90% of active proposals receive automated notifications across platforms
- Metric: Percentage of proposals successfully tracked and broadcasted
- Social Media Integration
- Platform Reach:
- Target: 50+ impressions per post
- Metric: Average impressions and engagement rate per automated governance update
- Telegram Engagement:
- Target: Active read rate on Telegram notifications
- Metric: Message view rates and click-through rates on proposal links
- System Performance
- Bot Reliability:
- Target: 99.5% uptime for the notification system
- Metric: System uptime and successful notification delivery rate
- Information Accuracy:
- Target: Zero false or incorrect governance updates
- Metric: Error rate in automated updates and required manual corrections
- Response Time:
- Target: < 5 minutes from proposal creation to social media notification
- Metric: Average time between governance action and notification delivery
- Community Feedback
- User Satisfaction:
- Target: High satisfaction rate among governance participants
- Metric: Monthly survey results from active governance participants
- Information Clarity:
- Target: 90% of users report clear understanding of governance updates
- Metric: Feedback scores on notification clarity and usefulness
Initiative Description
The initiative involves developing and deploying a governance tracking bot that will:
- Monitor and report SafeDAO’s onchain governance activities on X and Telegram
- Access and process public governance data from Snapshot and Tally
- Operate under a seperate SafeDAO governance accounts [SafeDAO GovBot]
- Provide automated proposal summaries and reminders
- Report voting outcomes
- Integrate with existing Safe governance infrastructure
Current Status
This is a new development initiative. PYOR has implemented data tools for protocols like – Compound, EigenLayer, ICP, and Arbitrum – to track capital efficiency and governance activities.
Risks
- Technical Risks:
- System downtime potential
- Mitigation: Implementing redundant monitoring systems and backup notification channels
- Community Adoption Risks:
- Possibility of low initial engagement
- Mitigation: Phased rollout with community feedback loops
- Information Accuracy Risks:
- Potential for incorrect data reporting
- Mitigation: Multiple verification layers and manual oversight
Timeline and Milestones
Total timeline = 2 months.
Week | Activity | Target Audience | Goals |
---|---|---|---|
Week 1-2 | Technical implementation of tracking system | Development team | Core system implementation completed |
Week 1-2 | Initial system architecture setup | Development team | Core system implementation completed |
Week 1-2 | Social media API integration | Development team | Core system implementation completed |
Week 3-4 | Beta release deployment | Selected community members | System stability verified |
Week 3-4 | Limited functionality testing | Selected community members | Initial metrics collected |
Week 3-4 | Performance metrics collection | Selected community members | User feedback documented |
Week 3-4 | Community feedback gathering | Selected community members | User feedback documented |
Week 1 | Full feature rollout | All stakeholders | All features operational |
Week 1 | Performance monitoring | All stakeholders | Full community access |
Week 1 | Community-wide launch | All stakeholders | Regular reporting established |
Week 2-4 | System optimization | All stakeholders | Optimized system performance |
Week 2-4 | Regular performance reports | All stakeholders | Regular reporting cycle established |
Week 2-4 | Ongoing community feedback collection | All stakeholders | Community feedback integration |
Initiative Lead
Aakash Athawasya, Lead Researcher at PYOR
Team
Aakash Athawasya (Project Manager): Aakash will be the lead project manager for this. Building a pipeline for the proposals + content accompanying the governance proposals, and managing the success metrics accomplishment.
Nihar Thummar (Researcher): Nihar is a distinguished governance researcher in the DeFi space. He will work on tagging the governance docs and the template content that will flow from Snapshot/Tally to X/Telegram. Read his work here.
Akshat Jain (Lead Engineer): Akshat will be the lead engineer on this, building the bot on Telegram and the account on X with API integrations from Snapshot and Tally. He has previously built a trading bot on Telegram.
Additional support/resources
• Access to necessary API endpoints for Safe’s onchain governance forums
• Support and amplification from Safe’s social accounts
• Feedback from Safe’s community and council
• Initial activation boost (especially on Telegram) from the community