Analyzing and scoring Synthetix with the DAO Index V0.9
Please refer to Decentralized Autonomous Organization (DAO) by Samer Hassan and Primavera De Filippi.
Synthetix is a new financial primitive enabling the creation of synthetic assets, offering unique derivatives and exposure to real-world assets on the blockchain.
I recently updated the DAO Index questionnaire to Version 0.9. You can find the original post on the update here.
You can find Version 0.9 of the questionnaire below or here.
Additional note: Some of the questions in the DAO Index V0.9 are meant to be aspirational, to help direct DAOs towards better practices advancing or adhering to the principles.
An organizing principle for DAOs, specific to the particular version of the DAO Index in use
An area that indicates where a DAO is or can turn the principle into practice
The identification number of the question, per principle.
A yes/no question written in text to assess whether a DAO’s practices adhere or advance a principle
A response to the Question in English (or natural language).
Yes/No/Partial/Does not answer the question, N/A
The numeric score received for the question, corresponding to the Plain-English response.
A brief explanation of why the DAO received a certain Plain-English and Point response
The sources referred to in drafting a response
The rater(s) or respondent(s) to the Question
Respondent(s) notes regarding a question
The difficulty in searching for documents to reference to respond to a Question
The documents cited in a Response
The snippets cited in a Response
This pub covers the preliminary analysis and scoring of Gitcoin with the DAO Index Version 0.9.
You can find the responses to the DAO Index V0.9 questionnaire for Gitcoin in the embed below.
The embed includes the scores (Points and Plain-English response) and explanation for each question’s response.
Synthetix received an overall score of 2500/4500 (55.55%).
Synthetix had an N/A score of 0 (i.e., every question was applicable to Gitcoin).
There were 10 questions that could not be answered because of an inability to locate sources or their non-existence.
Synthetix’s overall score and score per principle are summarized in the table below.
Broad stakeholder participation
Practicing DAO cooperativism
Cultural patterns and Brand
Information & Data Transparency
Human-centered Algorithmic Governance
I completed this analysis while concurrently working on Optimism and Synthetix. I found it much easier to work on multiple DAOs concurrently, rather than working on one DAO at a time. It was a bit easier to formulate explanations for each question as I could think about my response in three different contexts.
I added tags to the responses for Gitcoin, Optimism, and Synthetix to make it easier to navigate the responses. For example, OT-04’s response is tagged with Snapshot and Synthetix Governance Module.
I found the search difficulty to be pretty minimal with Synthetix for the majority of the questions (33 questions had a search difficulty between Easy to Medium). Only 2 questions had a search difficulty rating of Hard.
The documents referenced for each response can be found under the Document field or the Documents table. I did not include any snippets for Gitcoin, Optimism, and Synthetix analyses so that I could speed up my analysis.
I could not find a definitive source for the following eleven questions:
If you are interested in the DAO Index and the analysis of Synthetix, I encourage you to consider reviewing the completed questionnaire (reviewing responses and questions for veracity, language, etc.) or providing other feedback on the analysis of Synthetix.
If you or someone you know is interested, please send me a message on Twitter or via email ([email protected]) and I will add you as an editor to the DAO Index Base table. Otherwise, you can make your own copy of the completed questionnaire and review the responses for:
accuracy (Points and Plain-English),
accuracy and quality (Explanation), and
relevancy and quality (Documents and Snippets).