Suppose you are a creator and suddenly have an idea to write an article. Then you can go to the DAOrayaki community and create a pre-proposal. If your idea is good, the community members will vote for you and give valuable feedback. When the pre-proposal period is over (3 days), as long as more than two people are voting for you and you get more than 51% yes-votes, your pre-proposal will be a proposal and the community editor will verify it.
DAOrayaki’s community editors comprise community members with a certain number of YAKIDs and are responsible for reviewing community proposals, assisting in revising the proposal format, etc. The community editor ranks proposals based on their vote ranking and the number of governance tokens (YAKID) that proposer held to selects the top 10 proposals which will get an official DCP number.
At this time, your proposal will be voted by YAKID-holding community members in the prediction market, and the top N highest-priced proposals (under the Weekly Grant plan) will be eligible for grant. But don’t worry, you will attract enough members to vote for you if your idea is attractive enough.
Let’s switch gears. If you were an observant and information-gathering community member. Moreover, you always accurately predict which proposals will eventually be selected and completed. So, congratulations, this is the stage for your grand plans.
In the DAOrayaki content prediction market section, you can see all current proposals. The price of a proposal reflects the probability that the market thinks the proposal will pass and be completed. If you buy the assets of one DCP, and it is selected and completed on time, you will get a return for every share you buy.
Note: all the proposals in the forum are in English.
Phase 1: Pre-proposal
This phase facilitates an initial, informal content discussion on DAOrayaki Forum regarding potential proposals to DAOrayaki. This phase requires proposals to be posted in the Content Proposals category using the Content Proposals Proposal (DCP) template.
Before the proposal is formally submitted, the proponent needs to format the content of the proposal according to the community template, and clarify the research topic/problem, background, meaning, demand, output, task time, and grant amount applied for. Voting must include two options which are support (Let’s do this!) and against (Don’t do this!).
Duration: 3 days
Passing Requirement: In order to successfully pass from Phase 1 to Phase 2 for proposals, there is template requirement. As well, the “yes” vote must be at least 51% and two votes must be cast.
Template(The information marked in red is the template content)：
[poll type=regular results=always close=yyyy-mm-dd<Add two days to your filling date>T23:59:59.000Z]
* Let’s do this!
* Don’t do this!
[/poll]
```
title: <title>
author: <a list of the author’s or authors’ name(s) and/or username(s), or name(s) and email(s), e.g. (use with the parentheses or triangular brackets): FirstName LastName (@GitHubUsername), FirstName LastName <foo@bar.com>, FirstName (@GitHubUsername) and GitHubUsername (@GitHubUsername)>
status: <Pre-proposal>
type: <Grant>
tag: <Translation / Cover project/ Origin>
duration: <7 days>
created: <date created on, in ISO 8601 (yyyy-mm-dd) format>
language: <English/ Chinese>
wallet address:<your BSC address>
```
## Abstract
A short (~200 words) description of the research.
## Specification
The contribution and research plan.The specification should be detailed enough to allow for it to be reasoned about by participants in the DAOrayaki.
Phase 2: Proposal
At the end of the first phase (3 days), community editors will conduct a format review and preliminary review of the pre-proposal content entering Phase 2, filtering out proposals with obvious offensive intent and sensitive topics. If approved, the proposal will be assigned an official DAOrayaki Content Proposal Number (DCP-N).
Duration: 1 day
Passing Requirement: Review proposals that enter the proposal queue. Review criteria: whether the proposal follows the requirements of the template, whether it contains content that violates the community convention, etc.; For approved proposals, the community editors selected the top 10 proposals based on their votes (which were also ranked by their YAKID) and assigned them the official number DCP-X to proceed to Phase 3. If the proposal is not screened out, the proposal fails and the process stops.
Phase 3: Content prediction market(Futarchy betting)
The top 10 proposals will enter the DAOrayaki content prediction market. The content prediction market will be set to, “Which proposal will pass and be finished in time?” Each YakID holder can bet on the proposal according to the beliefs! The duration is 3 days.
Duration: 3 days
Passing Requirement: Price is an expression of faith. Top-N price proposals will enter the pre-funding queue and enter the Phase 4. Any remaining proposals will be considered as failed and the process will stop. N (0 < N < 10) depends on the current Grant plan. The selected N will be the maximum positive integer that makes the sum of Grant applications for the TOP N proposals less than or equal to the current Grant plan.
Phase 4: Pre-grant
In this step, the proposer is required to complete the research described in the proposal within 7 days. Research results should be submitted via a shared file (Google Doc or Shimo Doc). After submitting the results, the proposer is required to change the status of the proposal.
Duration: 7 days
Passing Requirement: For a proposal to pass successfully from phase 4 to Phase 5, the study must be completed and the results submitted on time. If the article is not completed on time, it will not proceed to Phase 5.
Phase 5: Pre-grant
This step is the review and vote stage. Vote by DAOrayaki Snapshot. The editorial board reviews and votes on the content, and articles that pass the voting will be granted. Voting mechanism: Moloch voting mechanism. A result will proceed to Phase 6 if that it get more than 51% yes-votes of the editorial board. Otherwise, it is not process stopped.
Duration: 6 days
Passing Requirement: Getting more than 51% yes-votes of the editorial board. Otherwise, it will not be accepted and closed.
Phase 6: Grant and award disribution
Creators will receive the grant amount they applied for and receive YAKID awards. The successful better (voter), who bets on the proposal that gets the final grant, will be rewarded according to their share of assets, with one YAKID (1/N YAKID for N correct answers) for each unit of assets, and the other voters will lose their betted tokens. In addition, all voters who bet will receive additional YAKID participation rewards.
Duration: 1 day
End of activity
Additional Resources
If you have any questions about how to use DAOrayaki platforms, please go to DAOrayaki offical website（DAOrayaki Governance Tool v2.0 or DAOrayaki Discord Server (DAOrayaki).
