Binance X BinanX

Start Your Crypto Journey Right!

Sign up on Binance and receive up to $1,000 in rewards after completing KYC.

Join Now
HomeCryptocurrency NewsLegacy Product Update | BinanX News
Binance X BinanX

Start Your Crypto Journey Right!

Sign up on Binance and receive up to $1,000 in rewards after completing KYC.

Join Now

Legacy Product Update | BinanX News

Since launching the first DAO framework in 2017, Aragon has been at the forefront of advancing on-chain governance. Our journey over the past seven years has provided valuable insights that have led to the development of our next-generation technology stack: Aragon OSx and Aragon App.

Consolidating our product portfolio is essential to maintaining our focus and momentum. By focusing our efforts on the most impactful governance technology (the Aragon DAO framework), we can continue to innovate on-chain governance and drive adoption. That’s why we’re making some changes to our legacy product support.

We are discontinuing initial support for Aragon Court, Govern, and Voice on December 1, 2024.

Users with ANT activated in Court of Aragon can withdraw their ANT, and users with ANJ activated in the first version of the Court of Aragon they can withdraw their ANJ and convert to ANT. All token holders can redeem ANT for ETH until November 2, 2024 in the ANT Redemption Initiative of the Aragón Association. The front portions of Aragon Court will only become obsolete once the exchange initiative has concluded.

Why are we recalling these products?

In 2021, Aragón presented Court, Government and Voice of Aragón. This product line aimed to address high gas costs and voter apathy through a more efficient, but debatable, governance process:

  • Aragon Voice: Functioned as the legislative branch, where token holders could propose and signal votes off-chain for free.
  • Government of Aragon: Operated as the executive branch, responsible for implementing the will of the community with on-chain transactions.
  • Court of Aragon: Functioned as a judicial branch, resolving disputes that arose when Government transactions contradicted La Voz signals.

While these products introduced novel concepts and captured the headspace, they were too prescriptive and complex for widespread adoption compared to the success of the aragonOS protocol and the Aragon Client application. After redoubling efforts in the evolution of the aragonOS line, Aragon’s flagship DAO framework, and receiving positive feedback from the market in this direction, it is the right time to completely shift our focus towards modular solutions that offer the flexibility needed in a changing landscape. increasingly complex chain.

Aragon Client will be supported until active DAOs are safely migrated to the new Aragon stack.

Aragon Client is the user interface for aragonOS, the industry’s first DAO framework. Thousands of DAOs, including industry leaders like Lido, Curve, and Decentraland, have been built on this framework. However, adapting and evolving these DAOs has been challenging due to the rigidity and lack of updates to the original frameworks.

We’ve addressed some of the biggest pain points and redesigned the Aragon DAO framework with Aragon OSx from the ground up, making it easier for DAOs to design their own custom governance and evolve securely over time. We are committed to supporting aragonOS and Aragon Client users during this transition. Our team is ready to assist with migration solutions, ensuring a smooth and secure transition to the new stack.

If your DAO depends on the Aragon Client front-end, contact us to explore migration solutions. We will not leave anyone behind.

Our team continues to focus on Aragon’s next-generation DAO framework: Aragon OSx. After just over a year, thousands of new DAOs have been released, including Polygon Governance Hub, several Morpho Vault Guardian DAOs, and a handful of other interesting custom development projects that have yet to be announced.

Our modularity-focused roadmap will begin by focusing on:

  • Multi-body governance in stages: One-size-fits-all solutions don’t work for on-chain governance. Different organizations have different stakeholder groups with different needs and will not succeed with a monolithic technology stack. For example, rather than a complex jurisdiction-based dispute resolution system like we had with the Court, we are developing modular building blocks across the stack that introduce multiple stages with their own governing bodies. This will allow projects to create custom, out-of-the-box governance models that fit their needs, including but not limited to optimistic governance.
  • Optimistic governance: Optimistic governance remains an ideal solution to enable teams to operate quickly, overcome voter apathy, and still provide the checks and balances that more participatory forms of governance offer. Our staged governance model allows any governance process to become optimistic, allowing the DAO to specify any group of stakeholders, such as token holders, as vetors of a proposal.
  • Frictionless chain voting: We believe that free and frictionless chain voting is something that is in play. By leveraging messaging bridges and censorship-resistant proof of storage, we are working to make seamless on-chain voting a reality, where DAO members can vote with any token, on any chain, for free, using one interface. perfect user interface.

Aragon’s biggest contribution is its DAO framework, one of two industry-leading on-chain governance frameworks. By continuing to evolve it into increasingly flexible and modular primitives, we are unlocking solutions to persistent governance challenges, paving the way for the next generation of on-chain governance.

  • Legacy users: If you are using any of Aragon’s legacy products, including aragonOS and Aragon Client, please get in touch to explore a migration solution. We offer discounted DAO migration solutions for Aragon clients.
  • ANT and ANJ holders: If you were an Aragon Court user, we urge you to withdraw your ANJ tokens as soon as possible and convert them to ANT. ANT holders should redeem them for ETH. You have until November 2, 2024. The front-end will be supported so that users can make withdrawals. ANT either ANJ from the Court of Aragon to the redemption period. If you have any questions, please contact: [email protected].

follow us on unknown For the latest announcements, hop on our Discord for help and register on our fact sheet for monthly summaries.

RELATED ARTICLES
Binance X BinanX

Start Your Crypto Journey Right!

Sign up on Binance and receive up to $1,000 in rewards after completing KYC.

Join Now

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment - Image Description

Most Popular