Xai Foundation, a key player in the gaming-focused blockchain network Xai, has announced a strategic partnership with Gauntlet, a company specializing in financial modeling and risk management for cryptocurrency protocols.
This partnership aims to develop a stake-weighted governance framework for Xai and establish risk management strategies to enhance the Web3 gaming experience.
Gauntlet is known for its services in economic research, market risk management, and quantitative optimization for DeFi protocols and DAOs. With a track record of securing $43 billion in cryptocurrency assets, Gauntlet’s expertise will be instrumental in refining Xai’s governance structure.
Soby, a core contributor to Xai, expressed the significance of this collaboration in driving community-first initiatives and fostering a thriving Web3 gaming ecosystem. By leveraging Gauntlet’s expertise, Xai aims to implement state-of-the-art practices that empower the community and drive growth in alignment with players’ preferences.
The partnership will focus on two main objectives. First, Gauntlet will develop a stake-weighted governance framework for Xai, emphasizing transparency, accountability, and operational efficiency. This framework will provide guidelines for managing funding sources, allocating budgets, and overseeing strategic improvements, with a specific focus on Xai Sentry Node Holders.
Secondly, Gauntlet, as a Guardian on Aera, a non-custodial treasury management protocol, will establish comprehensive strategies for Xai to manage risks, optimize liquidity, and leverage market opportunities. This will involve implementing risk-aware treasury practices like time-weighted average pricing for stablecoins and leveraged ETH staking.
The Xai Foundation’s primary goal is to support builders and games within the blockchain ecosystem. As the overseer of Xai and its native token, the foundation ensures the platform’s integrity and promotes real economies and open trade within video games. Xai, powered by Offchain Labs’ Arbitrum technology, offers an open and decentralized network for individuals to participate in governance activities and earn rewards.