Recently Project Catalyst Fund12 ended. For those who don't know - we can call Project Catalyst a DAO in the Cardano ecosystem. There are already results. You can check them here https://projectcatalyst.io/funds/12/voting-results
You can always join Project Catalyst at any time. You can choose your role and prepare for Fund 13. And now I want to explain how I voted and why.
So I voted for 1205 proposals and now I want to share my experience both as an ordinary user and somebody who has been in Project Catalyst since the beginning (since the Fund1).
Although I voted before in previous Funds, I need to admit that I voted not in every fund. Sometimes I didn't have enough ADA, and other times my amount of ADA was really small and I knew it would have almost 0 impact.
Now, the main reason why I voted with my small amount of ADA is because I'm preparing to be dRep (delegated representative). Yes, this notion is new and it's not clear when in which Fund this will be implemented. But when I heard that this innovation is being considered - I decided to try to become dRep. I read and analyzed thousands of proposals. I've been in almost all roles in Project Catalyst. I hope I might be good dRep. So this Fund12 I voted as if I'm already dRep and I will explain how I voted to my voters (delegators) and everyone interested.
1 . Voting in Catalyst app is very time-consuming. Just to vote for all proposals it will take hours, Yes, really hours, and maybe even days - it depends on the ones' speed of navigation. So having a professional dRep who will go deep into proposals, and whose time will be compensated - that's really good idea.
2 . In this Fund I was a Community Reviewer and I analyzed around 20 proposals. So these proposals I read in all the details, I wrote a review on them. That's good that I left notes in google doc and then it was easy for me to find these proposals and vote for them "Yes" or "Abstain" with confidence.
3 . Then with a Search I found proposals related to the people and companies whom I know in the Cardano ecosystem. And I don't mean guys whom I know personally. I know not so many people and now I can't travel and I can't even maintain the necessary communication. I mean projects and individuals whom I have known since Fund1 and I know their results, projects that are valuable to the Cardano ecosystem in my opinion.
4 . Then I went from category to category and voted for all the other proposals. Yes, I read the whole basic information that is displayed on the proposal. Sometimes I opened additional details, but not very often. Imagine you need to spend 10 minutes on every proposal - this would be 12050 minutes (or 200 hours). So imagine working 10 hours a day on this and it will be 20 days!
5 . On the large number of proposals I voted "Abstain" because I had no time (and sometimes not enough knowledge) to analyze them. Also when I felt I didn't like something about the proposal - I also selected "Abstain" and moved to another one.
6 . Due to the limited time of the Voting period, I think it would be good to start deciding your votes as soon as Project Catalyst starts. Then note your decision in a spreadsheet so you can easily transfer your decisions to votes.
So that's it. Let me know if you voted and what is your experience with Project Catalyst or any other crypto DAO.