The NEAR Foundation (NF) is embarking on a crucial phase in its evolution, as it seeks to transform its governance structure and propel the NEAR ecosystem into a new era of expansion. To accomplish this ambitious goal, NF has joined forces with Gauntlet, a renowned authority in optimizing ecosystems, modeling incentives, and engaging communities. This collaboration aims to introduce a fresh governance framework and implement initiatives that foster substantial economic activity on the blockchain.
The future holds great promise for NEAR!
We are delighted to announce our partnership with the @NEARFoundation as we work together to develop a cutting-edge governance framework and drive the growth of the @NEARProtocol ecosystem. Our commitment aligns perfectly with NEAR’s vision of building a resilient and transparent blockchain ecosystem, one that is shaped by…
— Gauntlet (@gauntlet_xyz)
June 4, 2024
Revolutionizing Governance for Sustainable Progress
Creating a Stake-Weighted Governance Framework
One of the key objectives of this partnership is to design a novel stake-weighted governance framework. Gauntlet will provide invaluable guidance and expertise to ensure that the governance structure promotes transparency, accountability, and efficiency. The framework will focus on 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 past capital deployments and governance efforts to optimize future initiatives and learn from past experiences.
Community Engagement: Collaborating with delegates and other stakeholders to foster an active and robust governance process. This involves generating interest from prominent crypto governance figures, gathering feedback on community proposals, and analyzing the efficacy of ongoing programs.
By conducting thorough research on NEAR’s infrastructure and the existing Near Digital Collective (NDC) model, Gauntlet will identify patterns and areas for improvement. This research will lay the foundation for the development of an optimized governance model.
Fueling Ecosystem Growth and Onchain Activity
Catalyzing Onchain Economic Activity
The second aspect of this partnership focuses on evaluating and implementing initiatives that stimulate meaningful onchain economic activity. Gauntlet will:
Contribute to Ecosystem Governance: Actively participate in developing and implementing dynamic incentive programs that drive ecosystem growth.
Evaluate and Enhance Liquidity Programs: Continuously assess the effectiveness of liquidity mining and incentive programs, offering recommendations to bolster liquidity and encourage economic activity.
In Conclusion
The collaboration between the NEAR Foundation and Gauntlet signifies a significant milestone in the redefinition of governance and the pursuit of long-term ecosystem growth. By introducing a stake-weighted governance framework and nurturing meaningful onchain economic activity, this partnership aims to ensure the sustainable development of the NEAR ecosystem.
Tags: NEAR