The NEAR Foundation (NF) is embarking on a crucial phase in its evolution, with a focus on reshaping its governance structure to propel the NEAR ecosystem into a new era of expansion. To support this mission, NF has joined forces with Gauntlet, a renowned expert in optimizing ecosystems, modeling incentives, and engaging communities. Together, they aim to introduce a fresh governance framework and implement initiatives that foster significant economic activity on the blockchain.
Excitement fills the air as we announce our partnership with @NEARFoundation to develop a novel governance framework and drive the growth of the @NEARProtocol ecosystem. We are fully committed to NEAR’s mission of constructing a resilient and transparent blockchain ecosystem that is shaped by the community’s collective efforts.
Redefining Governance for Sustainable Growth
A key objective of this collaboration is the design of 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 previous capital deployments and governance initiatives to optimize future endeavors 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 players in crypto governance, 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 lay the groundwork for the development of an optimized governance model.
Boosting Ecosystem Growth and Onchain Activity
The second focus of this partnership is to assess and implement initiatives that encourage 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, providing recommendations to improve liquidity and stimulate economic activity.
Wrap Up
The collaboration between the NEAR Foundation and Gauntlet represents a significant stride toward redefining governance and fostering long-term ecosystem growth. By introducing a stake-weighted governance framework and promoting meaningful onchain economic activity, this partnership aims to ensure the sustainable development of the NEAR ecosystem.
Tags: NEAR