Aragon, a blockchain platform for creating decentralized autonomous organizations (DAOs), has launched a new toolkit on the Polygon network to address voter apathy. The toolkit aims to help DAOs increase participation and engagement by making it easier for members to vote on proposals and make decisions. This move is expected to attract more users to the platform and strengthen the community’s democratized decision-making process. The Polygon network was chosen due to its high-speed and low-cost transactions, making it ideal for decentralized governance.
Aragon Launches New Tech Stack for Decentralized Autonomous Organizations on Polygon
Leading open-source framework for launching Decentralized Autonomous Organizations (DAOs), Aragon has announced the launch of its new tech stack on Polygon, an interoperability and scaling framework for building Ethereum-compatible blockchains. Aragon’s new toolkit for spinning up DAOs includes the modular Aragon OSx protocol and Aragon App, requiring no coding skills and minimizing technical barriers, allowing users to painlessly design important DAO functionality, such as creating proposals, casting governance votes, and onboarding new community members.
The launch on Polygon offers cheaper and faster transactions than Ethereum and solves one of the DAOs’ biggest pain points by requiring them to use several different protocols and platforms to meet their governance needs. Launching on Polygon will lower the cost of voting and executing governance proposals, which in turn may improve voter participation among governance token holders within a DAO.
In a statement regarding the launch, Aragon’s head of growth, Anthony Leutenegger, highlighted the significance of this move for the next generation of DAOs, stating that “This is especially great for developing countries, who need this type of technology the most. For just cents, people can organize themselves, launch and manage their DAO without needing to code, and do it all on-chain.”
Aragon plans to continue iterating on its new tech stack, adding more functionality for the Aragon App with a smart contract composer, providing more custom functionality through Aragon’s SDK, making it easier for dApps to tap into the protocol, as well as building more governance plugins for delegate voting and subDAO capabilities.
According to Aragon CTO Carlos Juarez, the team plans to add the ability to import users’ existing tokens while also adding more chains alongside Polygon in the near future. Juarez emphasized that their current strategy is to move towards a chain that they are confident they can give full support.
Overall, Aragon’s launch of its new tech stack on Polygon opens up exciting opportunities for the next generation of DAOs, offering more accessibility, lower costs, and increased functionality. As Aragon and Polygon continue to iterate on this groundbreaking technology, we can expect to see even more novel use cases emerge from the world of decentralized finance (DeFi) and Web3 in the near future.