Metallicus, the lead developer of the XPR Network, is excited to announce the beta launch of the Governance Dashboard. This innovative platform is set to redefine the way decisions are made within the XPR Network ecosystem, underscoring our dedication to transparency, inclusivity, and community-driven development.

The beta version of the XPR Network Governance Dashboard offers real-time data, equipping users with up-to-the-minute insights into network proposals, voting statistics, and referendum outcomes. The platform ensures complete visibility into the governance process, which is paramount for promoting transparency and accountability in decentralized systems.

One of the standout features of the XPR Network Governance Dashboard is its intuitive interface that comes loaded with an array of functionalities. Acknowledging the complexities inherent in blockchain governance, we’ve endeavored to simplify participation through this dashboard, making it more convenient for users to engage, provide feedback, and contribute to shaping their communities.

Moreover, organizations operating within the XPR Network can utilize the beta dashboard to foster engagement within their communities, receive valuable feedback, and actively influence their future direction. The beta launch of the XPR Network Governance Dashboard marks a significant step in our journey towards empowering individuals and organizations to play an active role in governance. We’re thrilled to share this tool with the XPR community, and we look forward to its full-scale deployment upon successful testing and improvements.

XPR Network Governance Dashboard features

Let’s take a closer look at some of the key features offered by the XPR Network Governance Dashboard:

No Gas Fees: We believe that community participation should be accessible to all. That’s why the XPR Network Governance Dashboard allows you to participate in governance without any gas fees. While communities can set fees for submitting proposals, the platform itself ensures that engagement and voting transactions are entirely gasless.

Verifiable Votes: Every vote cast on the XPR Network Governance Dashboard is recorded on the blockchain using XPR Network @names. This means that all votes are transparent and can be verified, enhancing the integrity of the decision-making process.

Multiple Voting Systems: We understand that different organizations have unique needs and preferences when it comes to voting systems. The XPR Network Governance Dashboard offers a variety of versatile voting systems, such as single choice, weighted, or approval, enabling organizations to tailor the voting experience to their specific requirements.

Flexible Voting Strategies: To ensure a fair and inclusive process, communities can incorporate multiple voting strategies that align with their goals. These strategies are uploaded as JavaScript functions, allowing for the calculation of scores, determination of quorums, and assessment of account balances. With flexible voting strategies, the XPR Network Governance Dashboard accommodates diverse organizational structures.

Discussions: Meaningful dialogue is a cornerstone of effective governance. The XPR Network Governance Dashboard provides a space for users to leave comments on proposals, fostering open discussions and encouraging community members to voice their thoughts and feedback. By facilitating dialogue, this platform enables organizations to tap into the collective wisdom of their stakeholders.

Custom Branding: We believe in empowering communities to cultivate their unique identity. With the XPR Network Governance Dashboard, organizations can upload their own logos and add links to their community page, giving them the ability to personalize their presence on the platform.

Introducing Communities

In the context of the XPR Network Governance Dashboard, a community is akin to an organization’s open account that is accessible to all platform visitors. It acts as a centralized repository for all proposals related to the organization, providing a comprehensive overview of ongoing discussions and decision-making processes. 

Communities function as a hub where users can engage actively in governance activities, such as submitting proposals, casting votes, and commenting on discussions. It’s a forum for users to engage in discourse, exchange ideas, and collaborate on making collective decisions, thereby nurturing a cooperative and dynamic environment.

What are the benefits of joining a community?

As a member, you will have the ability to leave comments on proposals and participate in community discussions. This can provide valuable opportunities to engage with other community members and help shape the decision-making process.

Learn more about communities in our documentation.

What is a proposal? 

A proposal is a crucial element of the voting system, as it suggests changes that pertain to a specific organization and allows eligible users to cast their vote. Additionally, a specific voting system – such as single choice, weighted, or approval – can be selected individually for each proposal. 

The voting power for each user is determined by the voting strategies chosen in the community settings.

Who can submit a proposal?

Each community setting has defined specific validation strategies for eligible users. 

In the XPR Network community, for example, to submit a proposal, you will need to pay 100,000 XPR.

Learn more about proposals in our documentation.

Voting strategies

The XPR Network Governance Dashboard allows community administrators to upload JavaScript functions as voting strategies that can calculate scores for all participants, return the quorum and account balances. These strategies are then available for use when creating proposals on the platform.

Communities may have several voting strategies defined, but only one can be selected at a time when creating a proposal. The selected strategy will be used to determine the eligibility of users to cast their votes. Strategies are frequently employed to determine the final outcome of a proposal.

For the XPR Network community for example, users who hold both staked and un-staked balances of XPR are eligible to cast their votes. Users without XPR holdings will not be able to vote on proposals.

Voting strategies are unique to each community and are intended to determine eligibility of users to cast their votes.

Learn more about voting strategies in our documentation.

Voting options

Communities are able to choose their own voting options:

Single-choice voting: Allows a user to select only one option with 100% voting power.

Approval voting: Allows a user to select several options, and each option has the same voting power of 100%.

Weighted voting: Allows a user to spread their voting power across any number of choices, from one to all.

Basic voting: Allows a user to select between a yes or no choice.

Quorum

In each community, the concept of quorum is employed to set a minimum threshold of voters necessary for a proposal to pass. This threshold ensures a sufficient level of community engagement and participation. For example, a 60% quorum may require that 60% of the total voting power must be exercised. If the quorum is reached, the decision with the highest number of votes prevails. Proposals fail if the quorum threshold is not met.

The quorum for the XPR community is set at 25%.

The quorum for the LOAN community is set at 20%.

The quorum for the XMT community is set at 40%.

The quorum for the XPR Network Grants community is set at 15%.

During the beta phase, it is possible that the quorum parameters, which determine the minimum threshold of voters required for a proposal to pass, may be adjusted. The purpose of setting a quorum is to ensure an adequate level of community engagement and participation in each community. By adjusting the quorum parameters, we aim to strike the right balance that encourages meaningful community involvement and decision-making. These adjustments are intended to enhance the effectiveness and representativeness of the decision-making process within the platform.

Discussions

Discussions and comments are crucial components of the XPR Network Governance Dashboard as they provide a platform for community members to voice their opinions, ask questions, and engage in meaningful dialogue about proposals. 

By fostering open discussions and encouraging feedback, the dashboard promotes transparency, accountability, and inclusivity in decision-making processes. 

Additionally, comments and discussions enable community members to provide valuable insights and perspectives, which can help organizations make better-informed decisions that align with the interests of their stakeholders. 

Overall, the ability to leave comments and engage in discussions is essential for creating a truly democratic and participatory governance framework.

Which communities are available on launch?

Among the first communities to go live on the XPR Network Governance Dashboard are XPR, Proton LOAN, XPR Grants, and XMT. In the next phase, other organizations will have the opportunity to join and create their own communities. This expansion will further enhance the diversity and inclusivity of the XPR Network ecosystem.

XPR Network Community:

The XPR Network community can now utilize their XPR tokens for voting and actively shape the future of the protocol, propose enhancements, and participate in decision-making processes. To submit a proposal within the XPR Network community, the cost is set at 100,000 XPR.

To vote within the XPR community, users must possess a balance of XPR tokens and/or staked XPR tokens. Each XPR token held represents one vote. The voting power is proportional to the number of tokens held, ensuring a fair and democratic governance process. The community will determine the specific quorum threshold required for proposals to pass.

To become a part of the XPR community, simply visit the XPR governance page and click on the “Join” button to become a member. You can read the complete XPR community details in our documentation.

LOAN Community:

The LOAN community empowers individuals who hold LOAN tokens to actively participate in shaping the Loan protocol. By utilizing their LOAN tokens for voting, users can influence key decisions, steer the direction of the protocol, and exercise community control over this DeFi platform. To submit a proposal within the LOAN community, the cost is set at 1,500,000 LOAN.

The scope of proposals within the LOAN community is focused on aspects related to platform management, operational changes, and protocol enhancements. These proposals encompass a range of topics, including new token listings, emission rate staking rewards, rewards for coin borrowing/lending, interest rate curves, and the management of the Treasury. Additionally, community members can submit feature requests to express their desired improvements to the platform.

To be eligible to vote within the LOAN community, users must possess a balance of LOAN tokens and/or staked SLOAN tokens. Each LOAN token and SLOAN token held equates to one vote. The voting strategy is designed to ensure fair and proportional representation for participants. The Loan community follows a quorum voting system, with the specific quorum threshold yet to be determined.

To become a part of the LOAN community, simply visit the LOAN governance page and click on the “Join” button to become a member. You can read the complete LOAN community details in our documentation.

XPR Grants Community:

The XPR Grants community provides an opportunity for XPR token holders to engage in community grant applications. By utilizing their XPR tokens for voting, community members can actively influence the approval of community grant applications and direct funding towards projects that enhance the XPR Network ecosystem. To submit a proposal within the XPR Grants community, the cost is set at 100,000 XPR.

The scope of proposals within the XPR Grants community revolves around supporting or rejecting new community grant applications for development on the XPR Network. These applications undergo a review process conducted by the consortium and core developers to ensure the suitability of the proposed projects. The final approval of funds to be distributed rests with the Consortium.

To vote within the XPR Grants community, users must hold a balance of XPR tokens, whether they are liquid or staked. Each XPR token held represents one vote, enabling community members to participate in the decision-making process. The community will establish a specific quorum threshold to determine the minimum level of participation required for proposals to pass.

To become a part of the XPR Grants community, simply visit the XPR Grants governance page and click on the “Join” button to become a member. You can read the complete XPR Grants community details in our documentation.

Metal DAO (XMT) Community:

The Metal DAO community brings together individuals who hold XMT tokens and are passionate about shaping the Metal Dollar protocol. By utilizing their XMT tokens for voting, community members can actively influence the protocol’s direction, propose changes, and contribute to the community’s governance. To submit a proposal within the Metal DAO community, the cost is set at 100 XMT.

The scope of proposals within the Metal DAO community focuses on protocol changes, specifically related to the addition or removal of stable coins from the Metal Dollar basket, determining the minimum supply per stable coin, setting the fee to swap to/from Metal Dollar (XMD), and other relevant aspects. These proposals enable community members to express their preferences and help guide the development of the Metal Dollar protocol.

To participate in voting within the Metal DAO community, users must hold a balance of XMT tokens. Each XMT token represents one vote, ensuring proportional representation for all community members. The specific quorum threshold for the Metal DAO community is yet to be determined.

To become a part of the Metal DAO community, simply visit the Metal DAO governance page and click on the “Join” button to become a member. You can read the complete Metal DAO community details in our documentation.

Mutual Respect and Collaboration

While respecting the established structures, it is important to note that Metallicus, like any other entity involved in the XPR network ecosystem, operates within a framework of mutual respect and collaboration.

At the core level, the governance of the XPR Network rests in the hands of its Block Producers, who are responsible for crucial decision-making. We encourage all participants to actively exercise their voting rights and take on the responsibility of selecting validators with due diligence and careful consideration.

Voting responsibly for validators is a key element in shaping the direction and future of the XPR Network. Your vote holds the power to determine the individuals and entities entrusted with maintaining the network’s integrity, security, and performance.

Suppose there is a proposal to upgrade to new software in the XPR community. In such a scenario, voters do not possess the ability to physically compel Block Producers (BPs) to adopt the proposed changes. However, the polling mechanism and the community’s ability to rally behind an idea can exert significant governance influence and create pressure on the relevant parties to consider and potentially implement the proposal.

At Metallicus, we believe in the power of the XPR Network community and its collective wisdom. The XPR Network Governance Dashboard provides a platform for users to express their opinions, vote on proposals, and rally support for ideas they believe will benefit the ecosystem. This democratic process is designed to encourage active participation and enable the community’s voice to be heard.

How can I participate?

To start using the XPR Network Governance Dashboard, simply create a free XPR Network account via the WebAuth Wallet available on Android, iOS, and web. Once you have an account, you can log in and begin casting votes, discussing proposals, and even submitting your own proposals.

And the best part? The XPR Network charges no gas or mining fees to end-users. All transactions on XPR Network are free, including voting and commenting functions. However, communities do have the option to set fees for creating proposals, which are clearly displayed during the proposal creation process.

What’s coming next for the XPR Network Governance Dashboard

Looking ahead, we have exciting plans for the future of the XPR Network Governance Dashboard. In the next phase, we aim to enable other organizations to list their communities on the platform, empowering them to upload strategies that align with their unique needs. This will grant community members the ability to submit proposals, cast votes, and leave comments on proposals, further enhancing the inclusive decision-making process.

At Metallicus, we believe that transparent governance is the key to building thriving communities. The XPR Network Governance Dashboard is a major step forward in our mission to empower individuals and organizations with the tools they need to make informed decisions and create a brighter future. Join us today and be part of the transformative journey toward transparent and accountable governance on the XPR network.