For the purpose of creating and managing efficient DAOs, the DeXe Protocol is a network of more than fifty smart contracts. DeXe’s main innovation is its strong functionality that balances incentives for all parties involved, combats centralization, and promotes competence.
The protocol employs the DEXE token and is managed by the DeXe Protocol DAO.
Decentralized Autonomous Organizations (DAOs) offer the potential to bestow actual governance power upon all members, or holders of governance tokens, enabling them to propose and vote on ideas and see them through to completion. As demonstrated by a number of factors, including low voter and delegate involvement, voting manipulation for airdrop purposes, a lack of real control over treasuries and/or important DAO decisions, centralization, plutocracy, and more, existing DAOs are not fulfilling their potential. A multitude of new products and integrations, as well as the simple formation and control of DAOs designed for beneficial activity and long-term growth, are made possible by the DeXe Protocol of interoperable smart contracts.
Procedure DeXe With more than fifty smart contracts, the DeXe Protocol is a DAO constructor and governance toolset in and of itself. DAO oversees the Protocol’s development and enhancement. Since these smart contracts are open source, the only thing limiting their implementation are the creative ideas of industry developers. Together, they may be used to construct a variety of products, including flexible, efficient, and rewarding decentralized autonomous organizations (DAOs).
The design of DeXe intended to operate on all EVM blockchains. Driven by key contributors and a large community of individuals enthusiastic about DAO formation, governance, and education, DeXe functions as a DAO.
DeXe is a very versatile open-source library of modular smart contracts. Numerous use cases, both inside and outside of DAOs, are made possible by the logic in and among those contracts. The settings of each vote type, for instance, can be very precisely defined by the DAO creators. It is possible to make delegation more meritocratic by granting specialists more voting power, anti-plutocratic by limiting the number of votes that an individual may accumulate, and rewarding by boosting rewards for token holders who delegate in accordance with the aforementioned guidelines.
Many DAOs are poorly administered as a result of the difficulties in running a DAO in a democratic and efficient manner. Using various tools from many sources is a major component of that: multi-sig wallet/safe, reputation management, discussion forums, delegation platforms, on-chain and off-chain voting, etc. With an ever-expanding library that includes all the well-known DAO tools along with a ton of other fascinating features, the DeXe Protocol is beautiful.
Products that are based on the DeXe Protocol are also adding new features. For instance, on/off-chain proposals, comprehensive statistics and analytics, notifications, and much more were added to the DeXe DAO Studio, which was created by a few of our active community members.
A DAO can be governed by tokens, NFTs, or both with the help of the smart-contracts offered by theDeXe Protocol. During the DAO formation process, in fact, governance tokens can be issued. DeXe makes it simple to give your community a voice and establish various voting power levels by enabling any existing token or NFT collection to be used for governance. Giving dependable members’ NFTs greater voting power is one example.
There are suggestions that might need a larger quorum, early vote completion, on/off-chain voting, secondary vote review by reliable validators, and so forth. The DeXe Protocol replaces all of that compromise between ineffective ways with an extremely flexible approach that enables each DAO to optimize every facet of its governance procedure. Then, if they so choose, they can alter it through the proposal and vote circuit.
The DEXE Token
The DeXe Protocol is governed by the DeXe Protocol DAO using the $DEXE token, with which the DAO’s members propose and vote in their governance of the Protocol. This keeps the DAO fully decentralized and autonomous.
The first product created on the DeXe Protocol by a group of individuals from the DeXe Protocol DAO community was called DeXe DAO Studio. Without requiring coding knowledge, users may take full advantage of all of the Protocol’s features thanks to the Studio.
The DeXe Protocol’s smart contracts are used by the Studio. On the front end, it is a practical, one-stop workspace that helps users create and maintain DAOs simply and provides answers to frequently asked problems by DAO creators. Using the Protocol’s math and algorithms, users can use the Studio to design DAOs that meet their particular requirements and are both decentralized and efficient.
Following the protocol’s release, the next steps are to keep refining it and advancing DAO education generally. The goal of the DeXe Protocol DAO is to increase the decentralization, transparency, and efficacy of DAOs. In order to achieve this, DeXe intends to keep developing the Protocol’s framework by incorporating new features, goods, and overall enhancements.
The DAO will provide grants and other initiatives authorized by the DAO proposal and voting process to support the Protocol in both technical and pedagogical capacities.
-Reference by Dexe protocol & Binance