DAO-Driven Risk Assessment for Community-Governed Coverage

Why This Topic?

Uno Re’s governance model allows token holders to influence key decisions. By introducing a DAO-driven risk assessment, the community can play an active role in evaluating and approving coverage for emerging risks, enhancing both decentralization and trust.


Discussion Points

  1. The Case for DAO-Driven Risk Assessment:
  • Traditional insurance relies on centralized underwriters. A DAO-based approach leverages collective intelligence to assess risks.
  • This aligns with the ethos of decentralization and empowers the community.
  1. How It Could Work:
  • Proposal Submission: Users or protocols submit coverage proposals, detailing potential risks.
  • Community Voting: Token holders vote on whether to underwrite the risk, using transparent criteria and data.
  • Risk Staking: Community members stake tokens to back approved risks, earning rewards proportional to their contributions.
  1. Benefits for Uno Re:
  • Enhanced community engagement and buy-in.
  • A diversified risk assessment process, leveraging global perspectives.
  • Greater transparency, which builds trust with users and protocols seeking coverage.
  1. Challenges and Solutions:
  • Complexity: Simplify voting mechanisms to ensure accessibility for non-technical participants.
  • Bias or Manipulation: Implement safeguards, such as requiring data-driven justifications for votes.
  • Education: Provide resources to help token holders understand risk evaluation principles.
  1. Community Input:
  • Should risk assessment be entirely DAO-driven, or should there be a hybrid model with expert oversight?
  • What incentives would encourage more community participation in the process?
  • Are there specific tools or platforms that could facilitate effective DAO governance for this initiative?

Next Steps:

  • Host a community poll to gauge interest in DAO-driven risk assessment.
  • Develop a pilot program for one type of risk (e.g., smart contract vulnerabilities) to test the model.
  • Collaborate with existing DAO governance platforms like Snapshot or Aragon for seamless integration.