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Getting Aleph Zero ready for governance

Jul 11, 2024

AI Summary

Here's your AI summary of Getting Aleph Zero ready for governance on Aleph Zero blog

Top 10 key takeaways:

  1. On-Chain Governance Implementation: Aleph Zero is collaborating with Syncra to implement on-chain governance, enhancing decentralization and community influence.

  2. Syncra Partnership: Syncra, a modular DAO-as-a-Service platform, will simplify the governance process with its no-code, highly-modular system.

  3. Privacy Voting: Syncra’s undisclosed voting feature ensures security and confidentiality in DAO decisions.

  4. Treasury Management: Syncra’s advanced tools will enable effective financial resource management, secure budget allocation, and financial transparency.

  5. Governance Framework: The governance framework will be deployed on gov.alephzero.org, featuring seamless on-chain voting.

  6. First Community Votes: Initial votes will focus on adjusting AZERO’s economic parameters, such as the inflation rate, and launching the community treasury ecosystem fund.

  7. Current Inflation Rate: The current yearly inflation is 30M AZERO, with 90% allocated to validators and nominators, and 10% to the community treasury fund.

  8. Community Grant Treasury: Funded with 10% of all inflationary coins, the community grant treasury will be available for community grants once treasury management features are incorporated.

  9. Governance Access: The community grant treasury is accessible only via governance functions, ensuring no single entity controls it.

  10. Community Participation: Community members can create and vote on proposals for fund utilization, fostering active participation in Aleph Zero’s development.

AI Summary

Aleph Zero’s on-chain governance is getting closer. Here’s how we’re making it work with Syncra!

Aleph Zero is collaborating with Syncra, a modular DAO-as-a-Service (DaaS) platform, to implement on-chain governance. Core benefits of working with this grantee of the Aleph Zero ecosystem constitute utilizing privacy voting and a high degree of user experience optimizations.

Decentralization is one of the core principles that Aleph Zero was founded on—and we’re happy to announce that the Aleph Zero community will have the opportunity to increase its influence on certain areas of Aleph Zero’s development.

We’re rolling out an intuitive governance framework to empower Aleph Zero community members who stake AZERO with a vote to help shape a future where the network is fair, transparent, and resilient. 

This also follows the launch of the Foundation Nomination Program, an initiative to further decentralize the network and support community validators by delegating Aleph Zero Foundation’s stake to them.

Working with Syncra on Aleph Zero governance

In creating this governance framework, we’re collaborating with ecosystem partner and next-generation DAO-as-a-Service (DaaS) platform Syncra. Built on Aleph Zero, Syncra simplifies the governance process and is at the forefront of DAO innovation wave with its no-code, highly-modular platform, with the goal of  streamlining the creation and management of DAOs. 

We’ll utilize Syncra’s core system and customize it to our needs. Most importantly, we’ll be taking advantage of Syncra’s undisclosed voting feature, ensuring security, and complete confidentiality in your DAO decisions. Additionally, Syncra’s advanced treasury management tools enable effective management of financial resources, secure budget allocation, and financial transparency.

The governance framework will be deployed on gov.alephzero.org.  It will feature seamless on-chain voting, with the first community votes centering on:

  • Adjusting economic parameters of AZERO, such as the inflation rate;
  • Preparing to launch the community treasury ecosystem fund with over 6 million AZERO in it at the time of writing.

What is the current AZERO inflation rate? Getting ready for the first vote

Currently, there is a yearly inflation of 30M AZERO, which are released as staking rewards. 90% of the rewards are allocated towards validators and nominators, and 10% is being channeled to the community treasury fund. In the first vote, you’ll be able to voice your opinion on if this number should stay the same or change—and how it should change. 

What is Aleph Zero’s community grant treasury? Having your say in how we grow

The community grant treasury was created with a public key at the genesis of the Aleph Zero blockchain. This treasury wallet is funded with 10% of all inflationary coins (3M AZERO per year) and will be made available for the community to provide grants throughout the ecosystem once treasury management features are incorporated. 

Neither The Foundation nor the core contributors possess the seed phrase for this account as it is accessible only via governance functions. As a community member, you’ll be able to create and vote on proposals for how these funds should be utilized. 
So, get ready to vote and make your voice heard. Start the discussion and submit your proposals on the official Aleph Zero Governance Discord.

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