The NEAR Foundation (NF) is embarking on a crucial phase in its evolution, with a focus on transforming its governance structure to propel the NEAR ecosystem into a new era of expansion. To accomplish this mission, NF has joined forces with Gauntlet, a leading expert in optimizing ecosystems, modeling incentives, and engaging communities. This collaboration aims to introduce a fresh governance framework and implement initiatives that cultivate significant economic activity on the blockchain.
The future is bright for NEAR!
We are delighted to partner with the @NEARFoundation to help create a new governance framework and drive the growth of the @NEARProtocol ecosystem.
We are committed to NEAR’s mission of constructing a resilient and transparent blockchain ecosystem shaped by…
— Gauntlet (@gauntlet_xyz) June 4, 2024
Reimagining 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 concentrate on the following areas:
Revitalized Governance Structure: Establishing a governance system that effectively manages funding streams, ecosystem budgets, and strategic upgrades to drive sustainable growth.
Grant Analysis: Assessing past capital deployments and governance initiatives to optimize future endeavors and learn from previous experiences.
Community Engagement: Collaborating with delegates and other stakeholders to foster an active and robust governance process. This includes engaging major crypto governance entities, gathering feedback on community proposals, and analyzing the effectiveness of ongoing programs.
By studying 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.
Fueling Ecosystem Growth and Onchain Activity
Propelling 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 executing 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 improve liquidity and promote economic activity.
Conclusion
The collaboration between the NEAR Foundation and Gauntlet represents a significant stride towards redefining governance and fostering long-term ecosystem growth. Through the introduction of a stake-weighted governance framework and the promotion of meaningful onchain economic activity, this partnership aims to ensure the sustainable development of the NEAR ecosystem.
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