Gauntlet, a financial modelling platform for crypto, shares to collaborate with Xai Network, a blockchain-based gaming network. This collaboration aims to innovate the Xai Network and both firms will work for the growth of the Xai Network in terms of governance and treasury management of the protocol.
Gauntlet proudly shared this news today through the X account. As per the announcement, Gauntlet will mainly focus on improving the stake-weighted DAO governance. Additionally, this collaboration aims to improve treasury management through Aera Finance, an on-chain treasury management protocol.
Xai Network Tasks Gauntlet to Restructure the Governance
Xai Network partners with Gauntlet, and entrusts Gauntlet to restructure the stake-weighted governance network to improve the existing governance system of Xai Network. Speaking of Xai’s current governing system, it allows XAI token holders to vote and decide the upgrades and future developments.
However, the firm is planning to restructure and improve the governance system and partnering with Gauntlet is the major step in this regard. Stake-weighted DAO governance, the new governance system will introduce a clear set of instructions for efficiency, accountability, and transparency.
Treasure to be Managed Through Aera
Gauntlet, being the guardian of Aera, will implement advanced strategies for Xai Network to hedge risk, calculate market upside and manage liquidity. Additionally, Gauntlet will employ liquidity management strategies and risk-aware strategies like levered Ethereum staking and TWAP.
Till now, both firms have not disclosed the exact date of implementation of said advanced strategies but assured their user base about the implementation this year. Soby, the major contributor to Xai Network, consider this collaboration as a big achievement for the Xai Network which will ultimately benefit their user base.
