The NEAR Foundation (NF) is embarking on a pivotal phase in its evolution, committed to reshaping its governance structure in order to propel the NEAR ecosystem into a new era of expansion. To aid in this mission, NF has joined forces with Gauntlet, a leading expert in optimizing ecosystems, modeling incentives, and engaging communities. The objective of this collaboration is to introduce a fresh governance framework and implement initiatives that foster significant economic activity on the blockchain.
Excitement fills the air as we announce our partnership with the NEAR Foundation, working together to develop a new governance framework and drive the growth of the NEAR Protocol ecosystem. Our dedication lies in NEAR’s mission to construct a resilient and transparent blockchain ecosystem that is shaped by…
— Gauntlet (@gauntlet_xyz)
June 4, 2024
Revolutionizing Governance for Sustainable Expansion
Crafting a Governance Framework Based on Stakeholder Influence
One of the main goals of this partnership is to design a novel governance framework based on stakeholder influence. Gauntlet will provide guidance and expertise to ensure that the governance structure promotes transparency, accountability, and efficiency. The framework will prioritize the following:
New Governance Structure: Establishing a governance system that effectively manages funding streams, ecosystem budgets, and strategic upgrades to drive sustainable growth.
Grant Analysis: Evaluating previous capital deployments and governance efforts to optimize future initiatives and learn from past experiences.
Community Engagement: Collaborating with delegates and other stakeholders to cultivate an active and robust governance process. This entails generating interest from influential figures in crypto governance, gathering feedback on community proposals, and analyzing the efficacy of ongoing programs.
By thoroughly researching NEAR’s infrastructure and the existing Near Digital Collective (NDC) model, Gauntlet will identify patterns and areas for improvement. This research will serve as the foundation for the development of an optimized governance model.
Boosting Ecosystem Expansion and Onchain Activity
Driving Meaningful Onchain Economic Activity
The second aspect of this partnership focuses on evaluating and implementing initiatives that encourage significant onchain economic activity. Gauntlet will:
Contribute to Ecosystem Governance: Actively participate in the development and implementation of dynamic incentive programs that foster ecosystem growth.
Evaluate and Enhance Liquidity Programs: Continuously assess the effectiveness of liquidity mining and incentive programs, providing recommendations to improve liquidity and stimulate economic activity.
In Conclusion
The collaboration between the NEAR Foundation and Gauntlet signifies a significant stride towards redefining governance and propelling long-term ecosystem growth. Through the introduction of a stake-weighted governance framework and the cultivation of meaningful onchain economic activity, this partnership aims to ensure the sustainable development of the NEAR ecosystem.
Tags: NEAR