Nov 2024: Introducing the Aragon Foundation

Introducing the Aragon Foundation, launching Puffer and Mode's governance, and final 24 hours of the ANT Redemption Initiative.

TLDR

• Recent Highlights:

  • Introducing the Aragon Foundation, a new non-profit entity created with the sole purpose of carrying forward and advancing the mission of the Aragon Project. 

  • We announced the launch of Puffer governance, together, we’ve developed a custom governance solution to launch alongside the PUFFER token, a meaningful step on their decentralization roadmap.

  • We kicked off the governance games with Mode! They’re the first L2 to implement a modernized vote escrow (ve) and gauge-based governance model. This breakthrough in applying ve and gauges to a rollup ecosystem introduces a dynamic governance model that fosters incentive alignment, reduces coordination overhead, and drives network growth. 

• What’s Next: The whole Aragon team will be on the ground at DevCon next week. If you’re a governance lead, delegate, operator, or active participant come join us for lunch with Agora. More information on where we’re speaking below!

• Updates: The ANT Redemption Initiative ends on November 2 at 11:59 UTC. There is only 24h left to redeem your ANT for ETH, after which ANT will no longer be redeemable. To date, 29.42M ANT have been redeemed, representing 86.5% of the outstanding supply, including 2,581 redemptions from both ANT v1 and v2 holders.

Recent Highlights

The Aragon Foundation: New Council Carrying Forward the Mission

Introducing the Aragon Foundation, a new non-profit entity created with the sole purpose of carrying forward and advancing the mission of the Aragon Project.

Aragon was founded on the belief that the future of humanity will be decided at the frontier of technological innovation and human collaboration. Technology should serve as a catalyst for liberation, not as a tool for dominance. The purpose of the new Aragon Foundation is to drive the development and growth of technology to support effective governance systems that foster liberation. By empowering developers to build blockchain infrastructure and applications, everyone can participate in governance easily, transparently, and securely—without the need for intermediaries.

The Foundation will be led by a Strategic Council, which will define the project’s overarching strategy, allocate funding to key initiatives, and guide builders in the Aragon ecosystem. They will help the project navigate unchartered territory in the years ahead and hold true to the values underpinning onchain governance, such as trust-minimization, end-to-end verifiability, capture-resistance, and credible neutrality.

The Strategic Council has been seeded with reputable builders from across the Ethereum ecosystem with diverse experience, including software & product development, governance, DeFi, law, and research. All Council members have demonstrated deep alignment and support for Aragon's technology, values, and community at different stages of the project. 

What’s Next

Aragon at DevCon

The team will be at DevCon next week.

Here’s where you’ll find us:

Nov. 9: Anthony, CEO, and Nathan, Head of BD will be speaking at Governance Day. Our team will have a small booth and we’ll be showing demos of what' we’ve been cooking the last few months.

Nov. 11: Anthony will be speaking at GovLayer @ AggSummit, Mode Devcon - DeFi x AI - Founders + Investors, and at the Blockchain Oracle Summit.

Nov. 12: We’re hosting a secret event. Hint: It involved tuktuks and mango sticky rice.

Nov. 13: We’re hosting a Governance Lunch with Agora for governance leads, delegates, operators, and active participants. If this is you, sign up here.

Updates

ANT Redemption Initiative

Here are this month’s redemption statistics:

• 29.42M ANT redeemed, representing 86.5% of the outstanding supply

• 2,581 redemptions from both ANT v1 and v2 holders

For the latest update regarding CEXs, please see this thread.

Today is your last day to redeem your ANT for ETH:

• Stay safe by only using the official ANT Redemption Portal.

• For help with your redemption, check out the FAQs.

• Need support? Reach out to ant@aragon.org for assistance.
  

We have some exciting updates ahead so don’t forget to follow us on X. Have a great weekend, and see you next month!

—Aragon X