Slingshot DAO: 6 month review

Dear Slingshot DAO Community,

Time flies when you’re having fun, and it’s been an incredible six months since SlingShot first launched on May 5th. It’s with great pleasure to be able to share the latest updates and insights that reflect the SlingShot growth and the exciting path ahead for all community members.

TLDR 🎙️:

• Slingshotdao.com now boasts over 20,000 registered users, marking a staggering 1,900% growth since September 30, 2023.
• SlingShot’s first community selected idea has been turned into a playable game and is currently in beta in Roblox.
• Four upcoming games are set to launch, bringing diverse and engaging experiences to the SlingShot platform.
• Leaderboard Round 6 was the closest race that has been witnessed to date, with multiple swings in the last 24 hours. Olympus eventually took the crown by a whisper.
• In response to the passing of Slingshot Improvement Proposal #8, a Liquidity Pool (LP) is being deployed.
• Initial growth strategies, including affiliate partnerships and ad campaigns, have been incredibly successful.

Growth 📈

From 1,048 users in September to 20,007 users today, the SlingShot community has grown exponentially. This growth is attributed to successful pilot campaigns with Roblox YouTube influencers and effective growth initiatives.

The following metrics are from August 5th — November 5th

Community Metrics:

Discord members: 708 to 1720 (143% increase)

Twitter followers: 1735 to 1760 (1.4% increase)

Ideas submitted:

Round 6: 12 ideas

Round 7: 203 ideas!

Unique token holders: 830 to 22,138 (2,567% increase)

Round 5 participation rate: 49.03%

Round 6 participation rate: 94.59%

$SLING Metrics

Total $SLING locked: 72.4m to 86.6m (19.6% increase)

Avg Lock Duration: 26.4m to 26.14m (-0.96% decrease)

Governance:

4 proposals advanced to Snapshot in the last 3 months.

All 4 passed with a clear majority.

8.61% average governance vote participation rate.

The proposals in question were:

SIP-6 Affiliate Program Proposal

SIP-7 Remove The Sandbox Leaderboard

SIP-8 Official SLING USDC LP on QuickSwap

SIP-9 Change to Monthly Leaderboards

Engineering Updates:

Improved login with Roblox, discord and google SSO

Store.slingshotdao.com

Play.slingshotdao.com

Many small QOL improvements and bug fixes

Website:

Users: 3300 to 32,000 (870% increase)

Sessions: 6,000 to 39,000 (550% increase)

Avg engagement time: 1m 47s to 59s (-44.8% decrease)

Suggestion Box 💡

Community input is the cornerstone of Slingshot DAO. We encourage you to share your ideas and feedback through our Discord channels:

• #slingers-chat: Drop by to say ‘hi’ and connect with our global community.
• #support: Need assistance? Our community is here to help.
• #proposals: Share your ideas and contribute to our governance discussions.

Recap of the Past Six Months:

Reflecting on the past six months, SlingShot has come a long way since the last three-month review:

• Community Engagement: Discord events have evolved, and the community has grown from 1,048 to over 20,000 members.
• Product and Tech Updates: Significant progress has been made, including the abstraction of clunky web3 login, introduction of a Liquidity Pool and soon the release of SlingShot’s first few games!
• Governance: The community has actively participated in 4 proposals, shaping the direction of Slingshot DAO.
• $SLING Metrics: The total $SLING locked continues to rise and our governance participation continues to be robust.

Keep Slingin’

As this journey is just beginning to heat up, you are invited to lock, vote, discuss, play, and repeat. Your participation and enthusiasm drives the SlingShot dream forward.