Monetary modeling platform Gauntlet has been awarded a grant from Uniswap Basis to enhance DAO incentive mechanisms, in accordance with an announcement from Gauntlet.
Very excited to announce our engagement with @gauntletnetwork and their new Utilized Analysis Group!
Gauntlet will likely be targeted on designing and specifying incentive packages to learn the Uniswap Protocol. https://t.co/RjzV02hFhf
— Uniswap Basis (@UniswapFND) April 11, 2023
Gauntlet describes itself as a “crypto-native monetary threat administration options supplier.” It makes use of financial fashions to optimize charges and rewards for decentralized finance (DeFi) protocols, in accordance with the announcement. The corporate is creating a brand new division, Gauntlet Utilized Analysis, which is able to particularly give attention to issues associated to the rising decentralized autonomous group (DAO) ecosystem.
In its announcement, Gauntlet mentioned that it’ll present three items of analysis to UniswapDAO. The primary will likely be a quantitative framework that the DAO can use to judge the success or failure of the Uniswap protocol. The second will likely be an evaluation of dealer and liquidity supplier habits, and the third will likely be at the very least three proposals for incentive mechanisms to permit the DAO to attain its objectives.
Gauntlet mentioned that it expects all three of those deliverables to be accomplished by June 2023.
Devin Walsh, govt director of Uniswap Basis, expressed hope that Gauntlet’s analysis will assist to enhance not solely the Uniswap protocol, but in addition the crypto ecosystem as a complete, stating:
One in every of our objectives on the Uniswap Basis is to construct long-term relationships with probably the most gifted and values-aligned groups within the house, and work with them on probably the most advanced and attention-grabbing questions dealing with the Uniswap Protocol.
DAOs have develop into a primary function of the crypto financial system over the previous few years, with DAO analytics supplier DeepDAO at the moment itemizing over 2,300 current DAOs. Most DAOs are ruled by token holders, who’re allowed to vote straight on the blockchain to assist or reject proposals for modifications to a protocol.
Nonetheless, token-based DAO governance has additionally been criticized by some trade specialists, together with Ethereum Founder Vitalik Buterin, who acknowledged that this method may result in “vote-buying” and “outright assaults.”
Over the previous few months, some DAOs have tried to offer higher incentive mechanisms within the hopes of stopping vote-buying assaults. For instance, MakerDAO handed a structure on March 27 to formalize governance processes and supply checks and balances to forestall focus of energy.
