As a seasoned crypto investor with a penchant for Web3 gaming and blockchain technology, I find the recent partnership between Xai Foundation and Gauntlet to be a promising development. Having closely followed both projects, it’s evident that this collaboration represents a significant stride towards refining governance structures in the decentralized gaming ecosystem.
The Xai Foundation, a significant player in the development of the gaming-centric blockchain network Xai, has formed a strategic alliance with Gauntlet. This collaboration aims to strengthen the governance structure and treasury administration within the Xai protocol.
As an analyst, I’m sharing that, based on a joint announcement, the governing body responsible for the gaming blockchain is planning to utilize Gauntlet’s proficiency in areas such as financial modeling, risk management, research, and optimization. This strategic move aims to enhance the overall efficiency and performance of our network.
Restructuring Governance
The foundation has assigned Gauntlet the role of creating a shareholder-influenced decision-making structure, aimed at overhauling Xai’s current governance setup.
As a proud holder of the XAI token, I have the unique opportunity to actively engage in the decision-making process for this network’s evolution. The governance model empowers us, the token owners, to shape the future direction by voting on potential upgrades and development proposals within the ecosystem. This system ensures that our voices are heard before any new initiatives are put into action.
Instead, the foundation aims to enhance its governance model by establishing defined rules for handling the network’s finances, distributing the ecosystem budget, and supervising key updates, paying special attention to Xai Sentry Node owners.
Advanced Treasury Strategies
To ensure that Xai effectively navigates risk, maintains its cash flow, and takes advantage of market prospects, the company plans to employ a full spectrum of strategic approaches. This encompasses using sophisticated financial management methods like Time-Weighted Average Pricing (TWAP) for stablecoins, as well as exploiting the benefits of ETH staking to strike a balance between maximizing returns and reducing risk.
1. It’s anticipated that these strategies will be rolled out by the end of this year; however, an exact implementation date is still unknown. On the other hand, Sby, a key figure in the Xai blockchain community, views the collaboration with Gauntlet as a significant milestone for the network’s progression.
“Soby stated that partnering with Gauntlet marks an important step towards enhancing Xai’s governance system. This partnership will encourage more community-centric projects and cultivate a flourishing Web3 gaming environment, empowering the community to hold the power.”
Gauntlet’s Proven Track Record
As a blockchain analyst, I can affirm that the Xai blockchain is not new to leveraging Gauntlet’s proficiency in enhancing governance and treasury support. In fact, this company has already collaborated with several notable blockchain protocols, including Arbitrum, NEAR, and Uniswap.
From the start, Gauntlet has provided financial modeling and optimization services that have aided in safeguarding more than $43 billion worth of cryptocurrencies spanning multiple networks.
Jake Au Jus, a key strategist at Gauntlet, highlighted that their collaboration with Xai is in line with the company’s larger objective to foster the development of Decentralized Finance (DeFi).
“Working together with Xai supports our goal of promoting decentralized decision-making and securing long-term viability within the DeFi sector. By leveraging our deep expertise in ecosystem development and financial management, we aim to help Xai prosper in the rapidly evolving world of blockchain gaming,” Au Jus stated.
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2024-08-21 19:18