you425
November 13, 2024, 10:15am
50
Maarten posted earlier about monitoring the dApp Staking project.
It was mentioned that we need an entity to monitor the project (right now the management function is not working since it is community driven), and I believe the DAO Collective will be formed around the same time as the implementation of Gavanance v1.
Strengthening dApp Staking and Ecosystem Growth
dApp staking is a fundamental feature of the Astar Network, and while Soneium will not have a direct equivalent, projects will be able to leverage Astar’s dApp staking capabilities through third-party messaging bridges. This integration is already in progress, with two projects committed to using this feature on Soneium, and more are expected to join. When users engage in dApp staking within the Soneium ecosystem, they will actually be interacting with the Astar Network through these bridges, ensuring seamless functionality across both platforms.
Cleansing the dApp Staking Platform:
To ensure the continued success and relevance of ASTR, Maarten (Head of Astar Foundation) wants to propose a proposal to undertake a thorough review of the dApp staking projects. Only those that bring real value to ASTR will remain part of this unique staking mechanism. This “house cleaning” will involve strong due diligence and proposals to delist underperforming projects, ensuring that ASTR continues to thrive within the ecosystem.
Since the Astar Foundation must remain neutral, we will establish a ‘DAO Collective’ to spearhead this initiative. To form this collective, we will launch an open application process where anyone can apply to participate in this first task. All applications will be reviewed by a selection committee organized by the Astar Foundation, and this process will be conducted transparently on the forum. Over time, this collective will evolve into the Astar Network DAO Collective, playing a crucial role in strengthening Astar’s position in the market. The Foundation envisions this collective becoming a key decision-maker in the upcoming Astar Gov1, overseeing critical areas such as dApp staking, the DAO Treasury, and the forthcoming Ecosystem Fund.