Introducing Multichain Governance on Aragon OSx: Connecting DAOs Across Chains
Introducing Multichain Governance on Aragon OSx
The world of blockchain governance is evolving rapidly, and the latest innovation from the Aragon team is set to revolutionize the way DAOs operate across multiple chains. The new multichain governance plugin on Aragon OSx leverages LayerZero protocol for cross-chain messaging and zkSync Era rollup for low-cost and secure voting.
With this new plugin, DAOs can now govern assets and permissions across EVM chains from one mainnet DAO smart contract. This is a major advancement in the governance of protocols deployed across chains, and it opens up a world of possibilities for decentralized organizations.
Here’s how governance in multichain DAOs will work with this new plugin:
1. Create a custom census with tokens across chains: Utilize governance tokens across multiple chains using LayerZero’s Omnichain Fungible Token (OFT) standard to create a custom census.
2. Cast low-cost votes on zkSync: Members can vote on zkSync at a fraction of the cost, thanks to the low-cost transactions on Layer 2 zkSync.
3. Execute actions across chains simultaneously: Using the Aragon OSx permission management system, actions can be executed on multiple chains simultaneously from the mainnet DAO after the vote.
The architecture of this multichain governance system is designed to be efficient, secure, and cost-effective. The plugin code is open-source and currently undergoing audits, ensuring that it meets the highest standards of security and reliability.
One of the key benefits of this new plugin is the ability to execute actions on any chain simultaneously. This gives DAOs the flexibility to adjust parameters and send assets on the precise chain they need to without the need for multiple proposals. It saves time and resources for the DAO and streamlines the governance process.
Additionally, the plugin allows for building a census with tokens from any chain, making voting rights less fragmented and allowing for greater membership optionality. Tokens from different chains can be counted in the same voting census on zkSync, giving members more flexibility in how they participate in governance.
Another advantage of this plugin is the ability to vote on zkSync to save gas costs and increase token participation. By conducting all votes on zkSync, DAO members can save on gas fees and be more incentivized to participate in governance decisions. Higher token participation can lead to a more robust and resilient governance process.
Overall, the integration of zkSync and LayerZero technologies with Aragon OSx’s modular permission management system has led to the development of a powerful multichain governance solution. This innovation will enable organizations to run their entire governance stack onchain, leveraging the benefits of decentralization and censorship resistance.
Multichain governance is the future of onchain governance, and the new plugin from Aragon is leading the way in this evolution. If you’re interested in implementing this plugin for your DAO or learning more about multichain governance, reach out to the Aragon team for more information. Together, we can shape the future of decentralized governance across multiple chains.
