The NEAR Foundation (NF) is embarking on a crucial phase in its evolution, with a focus on revolutionizing its governance structure to propel the NEAR ecosystem into a new era of expansion. To aid in this endeavor, 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 stimulate significant economic activity on the blockchain.
The future looks promising for NEAR! We are thrilled to announce our partnership with the @NEARFoundation to contribute to the development of a new governance framework and drive the growth of the @NEARProtocol ecosystem. We are fully dedicated to NEAR’s mission of constructing a resilient and transparent blockchain ecosystem that is shaped by…
Redefining Governance for Sustainable Growth
One of the main goals of this partnership is to design a new governance framework that takes stake into consideration. Gauntlet will offer 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: The creation of a governance system that effectively manages funding streams, ecosystem budgets, and strategic upgrades to foster 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 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 studying NEAR’s infrastructure and the existing Near Digital Collective (NDC) model, Gauntlet will identify patterns and areas that can be improved. This research will serve as the foundation for developing a new and optimized governance model.
Boosting Ecosystem Growth and Onchain Activity
The second aspect of this partnership focuses on evaluating and implementing initiatives that encourage meaningful economic activity on the blockchain. Gauntlet will:
Contribute to Ecosystem Governance: Actively participate in the development and implementation of dynamic incentive programs that drive ecosystem growth.
Evaluate and Improve Liquidity Programs: Continuously assess the effectiveness of liquidity mining and incentive programs, offering recommendations to enhance liquidity and encourage economic activity.
Wrap Up
The partnership between the NEAR Foundation and Gauntlet represents a significant milestone in redefining governance and fostering long-term ecosystem growth. Through the introduction of a new stake-weighted governance framework and the promotion of meaningful economic activity on the blockchain, this collaboration aims to ensure the sustainable development of the NEAR ecosystem.
Tags: NEAR