Coinspeaker Xai Foundation Teams Up with Gauntlet to Improve Governance and Treasury Management
Xai Foundation, a core contributor to the gaming-focused blockchain network Xai, has entered into a strategic partnership with Gauntlet to enhance the governance and treasury management of the protocol.
According to a shared press release, the foundation, which oversees the gaming blockchain, will leverage Gauntletâs expertise in financial modeling, risk management, research, and optimization to improve the overall performance of the network.
Restructuring Governance
The foundation has tasked Gauntlet with developing a stake-weighted governance framework to revamp Xaiâs existing governance system.
Currently, the networkâs governance model allows holders of the native token XAI to participate in consensus on potential upgrades and future developments within the ecosystem. This system gives token holders the ability to vote on proposals and reach decisions before implementing new initiatives.
However, the foundation plans to refine this governance structure by introducing clear guidelines for managing the networkâs funding streams, allocating ecosystem budgets, and overseeing strategic upgrades, with a particular focus on Xai Sentry Node holders.
Advanced Treasury Strategies
To help Xai manage risk, maintain liquidity, and capitalize on market opportunities, the company will also implement comprehensive strategies. This includes deploying advanced treasury management techniques such as time-weighted average pricing (TWAP) for stablecoins and leveraging ETH staking to optimize returns while minimizing risk.
These strategies are expected to be implemented later this year, though a specific date has not yet been disclosed. Soby, a core contributor to the Xai blockchain, sees the partnership with Gauntlet as a major step forward for the network.
âOur collaboration with Gauntlet represents a significant milestone in our journey to refine Xaiâs governance structure, helping to drive more community-first initiatives and foster a thriving Web3 gaming ecosystem where the power is in the hands of the community,â Soby said.
Gauntletâs Proven Track Record
The Xai blockchain is not the first network to enlist Gauntletâs expertise in improving governance and treasury support. The company already works with prominent blockchain protocols such as Arbitrum, NEAR, and Uniswap.
Since its inception, Gauntlet has used its financial modeling and optimization services to help secure over $43 billion in crypto assets across various networks.
Gauntletâs Senior Protocol Strategist, Jake Au Jus, emphasized that the partnership with Xai aligns with the companyâs broader mission to support the growth of decentralized finance (DeFi).
âPartnering with Xai aligns with our mission to advance decentralized governance and ensure long-term sustainability across DeFi ecosystems. We will bring our extensive experience in ecosystem optimization and treasury management to help Xai thrive in the dynamic blockchain gaming space,â Au Jus said.
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Xai Foundation Teams Up with Gauntlet to Improve Governance and Treasury Management