Dash Nexus Goes Live, Brings Evolutionary Upgrades to Dash Governance
Dash Nexus was funded a few months ago to overhaul the user interface and experience of the Dash governance mechanism and just went live today after a couple months of testing.
The first change that users will notice upon visiting the live site from the previous test site is that there is an updated navigation bar to save more screen space. The navigation bar enables users to go to either the Leaderboard, Active Proposals, Concepts, or Dashboard. The Leaderboard functions similarly to the version on test site with net votes, vote margin, and vote margin as a percent. Users can now submit an active proposal or concept directly on Dash Nexus.
Dashboard currently includes a few widgets to improve analysis, such as total budget allocation, categories, and voting deadline countdown. The team hopes to add more widgets as development continues.
“We believe that the aggregate data presented on the Dashboard will serve as an additional tool for the MNOs to have a ‘bird’s eye view’ of the Treasury.”
“Having this wholistic perspective will allow the stakeholders to evaluate individual proposals within a broader context, which we hope will lead to a balanced allocation of funds and maximum ROI for the Dash network. (This mostly relates to the Category widget, but also will come from future additions, such as a ‘Map’ widget to show the geographic distribution of funds)”.
“Furthermore, Proposal Owners will be able to use some of the widgets, such as the Future Budget Allocation to better plan and time their proposal submissions”
Proposal Owners are now encouraged to create and edit proposals on Nexus, rather than import, to fully utilize its complete set of features such as the budget table breakdown rather than only a total budget line. Yuri from the Nexus development team is happy to have Dash Central as backup as some bugs may emerge as with any new custom software product, but him and his team expect Nexus to function well and to be the primary governance option going forward.
“Starting today, we will encourage people to begin using Nexus as their primary option”
Improving the governance interface
Dash Central was launched a couple years ago as a way to make Dash governance easier to understand through a friendly user interface and now Dash Nexus takes that mission to the next level. The Nexus team wants to ensure the platform serves the Dash community so they have been utilizing a feedback portal and encourage community members to continue to submit feedback.
The Nexus team was also the first to submit a new proposal on the live Dash Nexus system, which will fund continued maintenance and polish in addition to prioritized new features.
1. Integrated DashWatch reports – working with their team to have their reports accessible directly on Nexus. Our goal here is to increase the view count on their reports, so they generate even more value for the Dash community.
2. Automated Proposal Payout Reports – we will calculate the USD total each proposal received in payouts and show how under or over funded it is. This is particularly valuable for multi-month proposals, where the total payout can vary dramatically from the initial ask/cost assumption.
3. Price Volatility Scenarios – allowing proposal owners to state their intentions for handling price volatility
They also see the widget section as an expansion opportunity to provide a single location for high value-added data informing Dash community members of key insights. Some possible upgrades on their list include:
- add dollar treasury price
- make Category chart interactive by adding a Requested/Approved toggle, as well as mouseover animations
- ‘Add to Calendar’ button on the Voting Deadline chart dollar treasury price
They also want to pull data from another site they put together that includes more Dash budget data. Additionally, they plan to add “a dedicated landing page that gives an overview of the Dash Governance model and the purpose Nexus serve”, which “will be particularly important as we begin to promote the platform to new users outside the Dash community”.
Dash investing in its own future
One of Dash’s key competitive advantages is having one of the first and longest running DAOs in the cryptocurrency space. However, it has largely been a complex service with a lot of its workings obscured in code and across many chat forms/groups. Dash Nexus is aiming to make the governance platform more transparent and productive by grouping all the information together into a very user-friendly interface. Dash Nexus will also help make the network more robust by encouraging greater participation and information collaboration so less knowledge slips through the cracks of hard to find chat conversations or data.
“The Nexus MVP provides the functionality that was previously fulfilled several disparate Dash governance services in a unified platform with a modern UI. It also lays the foundation for future expansion of the platform’s functionality, so that it can continue to evolve and serve the needs of the Dash network as it expands.”
Dash Nexus can be considered a microcosm of Dash since Dash is attempting to make cryptocurrency usable for everyday transactions by average consumers. Thus, the governance system has to be transparent not only for active Dash community members, but also for the average consumer that either wants to participate or observe the decentralized budget decision making process. This will further help keep Dash transparent and honest to all stakeholders within the ecosystem and is a testament to what Dash can achieve with its unique structure.