Phantom DAO Launches Governance Platform in Collaboration With Commonwealth

Commonwealth Team

• 2 min read
Phantom DAO Launches Governance Platform in Collaboration With Commonwealth

Phantom DAO is partnering with the team at Commonwealth to use our all-in-one governance platform. As a community-owned high APY fork inspired by Olympus, Phantom brings its own unique twist to DeFi and Fantom. We can’t wait to see their project grow on Commonwealth.

Phantom DAO: Olympus’ Partner in the Fantom Ecosystem

Phantom Dao intends to leverage Fantom’s growing user base and capabilities. As Fantom has surpassed Polygon in TVL with over 100 million transactions. With investment continuing to pour in, Phantom DAO believes its platform will outperform in the future. The Phantom DAO community is particularly excited about Fantom’s compatibility with the Ethereum network and its mission to provide services to power smart cities. Phantom DAO envisions a world where it facilitates the exchange of value from crypto assets to real-world items.

Phantom DAO’s Risk-Free Value and Protocol Owned Liquidity will function similar to Olympus, with more coins offered from the outset. They have protocols in place to prevent whale dumping, encourage sustainable adoption of Phantom DAO, and ensure the project is community-driven from day one.

To learn more about Phantom DAO, check them out on Medium, Twitter, and Discord.

Commonwealth: Enabling Decentralized Community Growth

Commonwealth is the governance tool and crypto-native community used by many of the top DeFi projects to discuss, vote on, and fund their initiatives. Our platform combines the DAO use cases of Telegram, Discourse, and Snapshot with additional functionality. This means we’ve created an all-in-one solution for DeFi projects seeking one platform to run their community.

Phantom DAO’s community operations will be fundamentally improved by moving to Commonwealth. Everything from discussions to crowdfunding to executing proposals can happen here, giving Phantom DAO a streamlined governance process on a multi-functional platform.

Phantom DAO’s Commonwealth platform was built custom for their ecosystem and includes the following capabilities:

  • Crypto-Native Token Forum: The Phantom DAO community on Commonwealth comes with full forum capabilities including threaded discussions, upvotes, user profiles, and more.
  • Snapshot Integration: As part of the seamless governance experience that Commonwealth offers, Phantom DAO’s platform includes full integration with their Snapshot. By joining Commonwealth, the community can move from discussion post to proposal with complete transparency along the way. This enables the Phantom DAO community to consider the entire discussion leading up to the Snapshot proposal when deciding on their vote.

Participate in Phantom DAO’s Commonwealth Forum

The Phantom DAO Commonwealth forum is now live and actively used by their community. Users are encouraged to participate in the ongoing discussions on the new platform.

The latest discussions include:

  • An introductory discussion explaining how to join the Commonwealth forum and what the team hopes to accomplish on the platform before launch
  • An overview of how Phantom DAO will be governed, including a detailed structure document where the community members are proposing changes or additional language for clarity.

The live forum can be found at https://commonwealth.im/phantom-dao/