The “House of Stake” proposal outlines a comprehensive governance framework for the NEAR Ecosystem. It focuses on designing a structure emphasizing transparency, accountability, efficiency, and most importantly, protocol alignment. The primary goal is to equip NEAR holders with a governance structure that permits equitable and sustainable growth.
NEAR Protocol’s “House of Stake” initiative introduces a structured approach to community governance, emphasizing transparency, accountability, and efficiency. Central to this framework is the vote-escrowed token model, known as veNEAR, which allows users to lock their NEAR tokens for periods ranging from three months to four years. The longer the tokens are staked, the greater the voting power conferred, incentivizing long-term commitment and aligning stakeholders’ interests with the protocol’s sustainable growth.
To streamline decision-making and maintain governance efficacy, the House of Stake proposes the establishment of a Screening Committee. This body is tasked with initiating delegate selection processes, pre-screening grant proposals, and continuously evaluating the effectiveness of governance mechanisms. Additionally, a delegate framework is outlined, defining the roles and responsibilities of Endorsed Delegates. These delegates are selected based on their engagement and adherence to compliance standards, serving as crucial operatives in the governance process.
