The NEAR Foundation (NF) is embarking on a crucial phase in its evolution, aiming to revamp its governance structure to guide the NEAR ecosystem towards a new era of expansion. In support of this goal, NF has joined forces with Gauntlet, a prominent figure in optimizing ecosystems, modeling incentives, and engaging communities. This partnership is focused on introducing a fresh governance framework and launching initiatives that will stimulate significant on-chain economic activity.
Excitement abounds as we team up with the @NEARFoundation to shape a new governance framework and propel the growth of the @NEARProtocol ecosystem. Committed to NEAR’s vision of establishing a resilient and transparent blockchain ecosystem… – Gauntlet (@gauntlet_xyz) June 4, 2024
Revamping Governance for Sustainable Progress
Crafting a Stake-Weighted Governance Framework
A key objective of this collaboration is to design a stake-weighted governance framework. Gauntlet will offer expertise and guidance to ensure that the governance structure prioritizes transparency, accountability, and efficiency. The framework will concentrate on:
– New Governance Structure: Establishing a governance system that effectively oversees funding streams, ecosystem budgets, and strategic upgrades to fuel sustainable growth.
– Grant Analysis: Assessing previous capital allocations and governance endeavors to optimize future projects and glean insights from past experiences.
– Community Engagement: Working closely with delegates and other stakeholders to cultivate an active and robust governance process. This includes engaging major crypto governance players, gathering feedback on community proposals, and evaluating the efficacy of ongoing initiatives.
Through an in-depth examination of NEAR’s infrastructure and the existing Near Digital Collective (NDC) model, Gauntlet will pinpoint trends and areas for enhancement. This analysis will serve as the foundation for a refined governance model.
Boosting Ecosystem Expansion and Onchain Activity
Fostering Onchain Economic Activity
The partnership’s second focus is on evaluating and implementing initiatives that encourage meaningful onchain economic activity. Gauntlet will:
– Contribute to Ecosystem Governance: Engage actively in devising and executing dynamic incentive programs that propel ecosystem growth.
– Assess and Enhance Liquidity Programs: Continuously evaluate the impact of liquidity mining and incentive programs, offering recommendations to boost liquidity and drive economic activity.
In Conclusion
The collaboration between the NEAR Foundation and Gauntlet represents a significant stride in reshaping governance and promoting long-term ecosystem growth. By introducing a new stake-weighted governance framework and stimulating meaningful onchain economic activity, this partnership aims to ensure the sustainable progress of the NEAR ecosystem.