The NEAR Foundation (NF) is embarking on a crucial phase in its evolution, dedicated to revolutionizing its governance structure in order to guide the NEAR ecosystem towards a new era of expansion. To support this mission, NF has joined forces with Gauntlet, a leading expert in optimizing ecosystems, designing 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 is bright for NEAR! We are thrilled to announce our partnership with the @NEARFoundation to assist in the development of a new governance framework and drive the growth of the @NEARProtocol ecosystem. We are committed to NEAR’s mission of building a resilient and transparent blockchain ecosystem that is shaped by its community.
Redefining Governance for Sustainable Growth
Crafting a Stake-Weighted Governance Framework
One of the primary objectives of this partnership is to design a stake-weighted governance framework. Gauntlet will provide guidance and expertise to ensure that the governance structure promotes transparency, accountability, and efficiency. The framework will focus on the following areas:
New Governance Structure: Creating an efficient governance system that 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 previous experiences.
Community Engagement: Collaborating with delegates and other stakeholders to foster an active and robust governance process. This involves generating interest from major crypto governance actors, gathering feedback on community proposals, and analyzing the effectiveness of ongoing programs.
By thoroughly examining NEAR’s infrastructure and the existing Near Digital Collective (NDC) model, Gauntlet will identify patterns and areas for improvement. This research will inform the development of an optimized governance model.
Boosting Ecosystem Growth and Onchain Activity
Driving Meaningful Onchain Economic Activity
The second pillar of this partnership focuses on evaluating and implementing initiatives that encourage significant 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, providing recommendations to enhance liquidity and stimulate economic activity.
Wrap Up
The collaboration between the NEAR Foundation and Gauntlet represents a significant stride towards redefining governance and fostering long-term ecosystem growth. By introducing a new stake-weighted governance framework and promoting meaningful onchain economic activity, this partnership aims to ensure the sustainable development of the NEAR ecosystem.
Tags: NEAR