Xai Foundation, a core contributor to the gaming-focused blockchain network Xai, has announced a strategic partnership with Gauntlet to enhance the governance and treasury management of the protocol.
Restructuring Governance
The foundation has tasked Gauntlet with developing a stake-weighted governance framework to revamp Xai’s existing governance system. Currently, the network’s governance model allows holders of the native token XAI to participate in consensus on potential upgrades and future developments within the ecosystem, giving them the ability to vote on proposals and reach decisions before implementing new initiatives. The foundation plans to refine this governance structure by introducing clear guidelines for managing the network’s 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.
Gauntlet’s Proven Track Record
The Xai blockchain is not the first network to enlist Gauntlet’s 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. Gauntlet’s Senior Protocol Strategist, Jake Au Jus, emphasized that the partnership with Xai aligns with the company’s broader mission to support the growth of decentralized finance (DeFi).
The partnership between Xai Foundation and Gauntlet represents a significant step forward in governance and treasury management for the Xai gaming blockchain network. It aims to support the community and develop the Web3 ecosystem.
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