DefiLlama launches Governance Dashboard to Enhance User Experience

According to reports, the encrypted data platform DefiLlama has announced the launch of a governance dashboard that will provide governance activity indicators for over 290 protocols and allow users to highlight important proposals by sorting them by dispute.

DefiLlama launches a governance dashboard, providing governance activity indicators for over 290 protocols

The rapidly growing DeFi ecosystem has made it difficult for investors to track governance activity across different protocols. DefiLlama, the encrypted data platform that tracks the total value locked in DeFi protocols, has now launched a Governance Dashboard to provide a comprehensive view of governance activity indicators for over 290 protocols. This new feature aims to improve the user experience by providing a more efficient way of accessing information and highlighting important proposals.

What is a Governance Dashboard?

Governance in DeFi is the process by which token holders make decisions about the future direction of a protocol. This can involve voting on proposals, changes to the protocol’s code, and allocation of funds. Governance Dashboards provide users with a bird’s eye view of all the important governance activities happening across multiple protocols. With the new DefiLlama Governance Dashboard, users can now easily identify and track governance events across various DeFi protocols.

Features of the DefiLlama Governance Dashboard

Governance Activity Indicators for 290+ Protocols

The Governance Dashboard provides governance activity indicators for over 290 protocols. This includes key metrics like the number of active proposals, voting participation, and the current percentage of tokens staked. Users can filter the protocols based on various criteria like the percentage of tokens staked, the total value locked, and the number of active users.

Highlight Important Proposals

The Governance Dashboard allows users to highlight important proposals by sorting them by dispute. This feature will help users to be more aware of critical proposals that require their attention. It will also help to avoid overlooking essential governance activities.

Historical Data

The Dashboard provides historical data on governance activities over specific periods, which helps users to make informed decisions. The historical data will help in tracking voting participation, historical proposals, and other important events that took place in the past.

User-Friendly Interface

The platform has a user-friendly interface that displays all key information. The simple dashboard design makes it easier for users to navigate, access data and track governance events from different protocols.

Benefits of the DefiLlama Governance Dashboard

Efficient Tracking of Governance Activities

The Governance Dashboard enables investors to track key governance activities across different protocols easily. This wholistic view allows them to make informed governance decisions. It also saves time and effort that would otherwise be spent visiting individual protocols’ websites.

Easy Access to Essential Information

The DefiLlama Governance Dashboard provides all of the required information about multiple protocols on one platform. This saves time, effort, and ensures that investors don’t miss critical governance activities.

Improved User Experience

The new feature reinforces DefiLlama’s goal of providing the best user experience possible for investors. The Governance Dashboard demonstrates the platform’s continued commitment to providing easy-to-use, top-of-the-line analytical services.

Conclusion

The introduction of the DefiLlama Governance Dashboard will undoubtedly enhance the DeFi user experience. The complete view of governance activities coupled with the user-friendly design will allow users to more easily make informed decisions. The governance dashboard underscores DefiLlama’s commitment to providing top-tier analytics and services to its loyal customer base.

FAQs

1. Can I add multiple protocols to the dashboard?
– Yes, you can select protocols that you want to track by filter and add them to your watchlist.
2. Is the dashboard updated regularly?
– Yes, the platform is updated in real-time, and users can rely on the governance dashboard to display current activity indicators.
3. Will the dashboard cost extra?
– No, the Governance Dashboard feature is integrated with the DefiLlama platform and is available to all users of the platform.