As a founding-member of Carib DAO, I’m excited to share that we’ve embarked on a journey to test Dexe Protocol ($DEXE ) for on-chain governance, and in the future, semi-autonomous crowdfunding. This initiative, set to last between six to twelve months, is a significant step towards the future of decentralized governance and crowdfunding within our community.

Why Dexe Protocol?
In short, the #DeXeProtocol provides cutting-edge solutions for decentralized autonomous organizations (DAOs) where proposals, discussions, and execution can occur directly on-chain. We have been deep diving into their docs, audits, and contracts for the past few months and have found that the DeXe Protocol (DeXe DAO Network) is potentially a great foundation to build our proposal system, in-line with our Lite Paper.
Benefits to Carib DAO
By testing the Dexe Protocol, we stand to gain valuable insights into the workings of on-chain governance. This hands-on experience will allow us to understand the strengths and weaknesses of the protocol, enabling us to make informed decisions about our governance structure in the future. The feedback from the community will also provide us with a clearer understanding of our members’ preferences and concerns, which can be addressed to improve our governance model.
Benefits to Dexe Protocol
On the other hand, Dexe Protocol also stands to benefit from our testing phase. The feedback and data gathered from the test will provide them with real-world insights into how their protocol performs under different conditions. This information can be invaluable in identifying areas for improvement and making necessary adjustments to enhance the protocol’s effectiveness and user-friendliness.
The Test Phase Begins!
To kickstart this process, we’ve posted our first three proposals:
Adding Carib DAO's Basic InformationEnabling Community RewardsAdding Validators

In addition, we’re hosting a competition to incentivize voting and gather feedback from the community.
🧧 $250 Voting Contest
The top 20 voters will share a $250 BNB and CARIB reward pool. This approach not only encourages active participation but also ensures that the feedback received is comprehensive and representative of our community’s views.
My Initial Feedback
After voting on all three proposals, I found the process to be easy and straight forward. The gas fees can range from $2 to $5 in total, so try to max your vote with the least amount of transactions in order to save on gas. As always, I suggest using a hot wallet along with Wallet Guard when interacting with any contract.
While we’re not in a partnership or collaboration with Dexe Protocol, it's clear that our independent yet interconnected activities present a mutually beneficial scenario. Through this testing phase, both entities are going to gain valuable insights that can drive their respective growth and evolution. It’s a testament to the power of the web3 ecos, where independent projects can mutually benefit from shared activities without formal partnerships, its...
Reciprocation.
How to get involved?
If your'e interested in joining Carib DAO and/or participating in our voting contest, simply join us on Discord and follow the instructions below:

CaribDAO.com

You're invited to our weekly live chat about Web3 in the Caribbean!

Time: WED, 27 March 2024 @ 8 PM EST (THURS 1 AM UTC)
Hosts: @BNB_SANTA @DP Carib
Speakers: @tropic vibes
Topic/s:
Web3 Market Updates: BTC TA + Alts To WatchCarib DAO: member voting on $DEXE Protocol, rewards, and covering gas feesUpcoming Events: @null speaking at #NFTNYC2024 Alpha: $CAKE :#CARIB Community PoolGaming Guild: Nemesis Downfall $ND on @PancakeSwap

Every Wednesday, we host an open discussion where you can ask questions about blockchain technology, share your project, and get feedback. Everyone is invited and welcome to speak, speakers are also encouraged to pin their projects.
🎁 Watch-to-earn on Binance Live
Caribbean Crypto Chat is streamed live on Binance Live each week by DP_Carib. Mobile viewers are rewarded with Binance Gift Boxes in the live chatroom.
🎗 Set a Reminder ➡️ https://www.binance.com/en/live/video?roomId=2184125
🎙 Want to participate?
We do ask to keep our space clean, respectful, and insightful. Our Spaces are recorded, and foul language will not be tolerated.
🎗 Join the conversation on 𝕏 Spaces ➡️ @CaribDAO (link in stream details)

🧧 $250 Carib DAO Voter Contest
If your'e interested in joining Carib DAO and/or participating in our voting contest, join us on Discord and follow the instructions below:

*Note: Top 20 share a BNB & CARIB Prize Pool, and all gas fees will be covered for participants.

#HotTrends #Caribbean #CaribDAO