Hey @Jenya_K & @FranklinDAO , thank you for your questions.
We realized we have not shared ennough information about the team and our work before. Please find them below:
About PYOR:
At PYOR, we enhance blockchain protocols, DAOs, and dApps with targeted research and analytics. Our services cover capital efficiency, technical analysis, and governance strategies, helping projects like Arbitrum, Cosmos, and Compound refine their operations. We’re backed by industry leaders including Castle Island Ventures and Coinbase Ventures, etc.
PYOR is an official delegate for Wormhole and zkSync, committed to contributing to the success of both DAOs.
You can view our proof of work in this notion document
Here are our responses to your queries:
The problem we’ve identified is:
There is an information gap between Lido’s governance activity and the discussions on social media platforms (particularly Twitter). This information gap results in people on Twitter – not knowing what is happening, and hence they are missing out on voting or delegating their LDO tokens. This leads to idle voting power that would otherwise be beneficial in the governance of the Lido DAO. We aim to address this information gap.
The solution we’ve curated:
We are governance crawlers. We spend time on the Lido’s governance forum going through discussions, and proposals, and reading the fine print, which is in the comments from members. This is where the real discussions happen before they’re put to vote.
Our solution is to take these discussions and showcase them to LDO token holders and potential voters through video.
GovCheck is a weekly video series that:
- Summarises all that is happening within the Lido Governance forum
- Deep dives into one crucial discussion/proposal
This video series will be – informative, entertaining, and ultimately persuade the viewer to – check out the community, and use their tokens to vote.
We are focusing on raising primary awareness. Most token holders stay informed through X, followed by Discord, with the most engaged members participating in the forums. Our goal is to move the first two groups to register on the forums, delegate their tokens, or vote.
While having an active community is crucial for any project, there is often little innovation or effort put into addressing this need. We believe this could be due to the following reasons:
- Many crypto users don’t engage deeply with the ecosystem.
- Projects often need partners with expertise to drive governance initiatives.
Across the industry, there are excellent examples showing how engaging initiatives can increase token holder participation in governance:
Jupiter Uplink: Jupiter Uplink’s initiative, which created a series of educational videos and dynamic content, significantly boosted community engagement. By producing tutorials, updates, and explainer videos, and sharing interactive content like infographics and summaries, they made complex governance processes more accessible. Recently, they were granted over 2.5M JUP (~$552K) to continue their community initiatives. Link
Wintermute DeFi Governance Digest: Wintermute Research produces a weekly governance digest covering key proposals, decisions, and commentary for major DeFi protocols. This helps the community stay informed on governance developments.
Wintermute Governance Digest
User-Generated Content: Small creators and KOLs (Key Opinion Leaders) produce governance-related content to educate their followers.
Examples:
How Are We Different?
Consistency – Our plan is to produce content once a week for 48 weeks to maintain a long-term perspective from the start.
Governance Focused – Many community initiatives lose focus on governance. GovCheck’s sole mission is to simplify governance for token holders.
Video-First – While most content has moved to video, governance-related content has not caught up. GovCheck is is creating dynamic, actionable content that keeps the community informed without fluff.
Well-Researched Videos – GovCheck won’t just summarize forum updates. We take the extra step to research and break down complex topics covered in proposals, explaining them with animations.
Here are sample videos showing how GovCheck episodes might look:
Over 54 weeks, GovCheck will produce:
- Total Episodes: 48
- Governance Updates: 24 videos
- Delegate Spotlights: 12 videos
- Optimism How-To: 12 videos
- Promotional Content:
- 3 clips (30 seconds each) = Total 144 clips
- 48 Twitter threads
- 48 infographics/carousels
Public Framing of the Relationship:
Is GovCheck a show commenting on the DAO, or is it representing the DAO?
Answer: GovCheck will act as a partner to the DAO, offering clear, objective summaries of governance discussions and proposals aligned with the DAO’s objectives. Our episodes will not influence token holders to vote for or against any proposal. Instead, our goal is to provide accurate coverage, explain what the proposal means for the community, and summarize the discussions.
By delivering accurate, engaging content about the DAO’s governance processes, GovCheck will enhance transparency and encourage active participation from token holders.
How Will We Manage Oversight on Published Content?
Answer: We propose finalizing a standard operating procedure (SOP) and guidelines for all episodes before launch. The team will use this SOP as the single source of truth to produce GovCheck content. Additionally, we suggest quarterly meetings with the working group committee to gather feedback and discuss improvements. We are committed to transparency and are willing to share minutes of meetings (MOMs) with the community.
Continuation of the Initiative Post-Engagement
Answer: We are proposing a year-long governance initiative, demonstrating our commitment to supporting the Lido DAO’s growth. Upon successfully completing the initiative, we aim to secure follow-up funding or sponsorships to continue the effort.