KEY TAKEAWAYS
- Aragon enhances onchain governance with Aragon Guardians, providing security against malicious proposals and smart contract bugs.
- The Ethereum Foundation trusts Aragon Guardians to secure 2400 ETH and $6 million in stablecoins in Morpho’s vaults.
- Aragon’s new LockToVote plugin allows ERC20 tokens to be used in governance, balancing liquidity and control.
Aragon is advancing its governance services to bolster organizations’ capabilities to operate and scale onchain. The company is committed to providing protocols with the necessary tools to create, distribute, and safeguard value. A key component of this initiative is the Aragon Guardians, an onchain security and governance feature within the Aragon OSx framework.
Aragon Guardians serve as a protective layer for projects, allowing the community or trusted actors to veto malicious proposals, exploits, or smart contract bugs before any damage occurs. Since its V1 launch, Aragon Guardians have been adopted by various DeFi protocols, including MetaMorpho curators, Steakhouse Financial, Hyperithm, MEV Capital, and Re7 Labs, to safeguard assets. Now, other major players in the Ethereum ecosystem are also incorporating Aragon Guardians into their DeFi portfolios.
Ethereum Foundation’s Involvement with Aragon Guardians
The Ethereum Foundation is leveraging the security of Guardians V1 and the flexibility of the TokenVoting plugin to participate in low-risk DeFi activities. On October 15th, the Foundation announced on X that it is storing 2400 ETH and approximately $6 million in stablecoins in Morpho’s yield-bearing vaults, safeguarded by Aragon Guardians and the Aragon TokenVoting plugin. This move underscores the growing trust in Aragon’s security solutions within the Ethereum community.
Introducing the LockToVote Plugin
Building on its existing offerings, Aragon has introduced the LockToVote plugin, a new governance tool available for Aragon OSx. Released in September alongside Morpho Vaults V2, Aragon Guardians V2, powered by the LockToVote plugin, offers a more secure, transparent, and flexible approach to onchain governance. This plugin allows any ERC20 token to be used in governance by locking tokens into a LockManager contract, which then becomes the holder’s voting power.
The LockToVote plugin enhances governance by enabling onchain veto power, allowing shareholders to challenge or block curator actions in real-time. It also promotes frictionless participation by keeping tokens liquid for trading, collateral, or yield strategies until a governance decision is required. This balance between liquidity and control ensures more active and aligned participation across the ecosystem.
Currently, LockToVote is available to whitelisted projects only. Teams interested in utilizing this plugin can contact Aragon for more information. For more details on how Aragon OSx simplifies decentralized governance, visit here.
Why This Matters: Impact, Industry Trends & Expert Insights
Aragon’s introduction of the Guardians and LockToVote plugin represents a significant advancement in DeFi governance and security, enhancing the ability of organizations to manage onchain operations securely and effectively.
Recent industry reports indicate a shift towards more sophisticated and scalable governance frameworks in DeFi, with a 45% surge in the adoption of modular tools like Snapshot and Tally. This aligns with Aragon’s initiative, as seen in the adoption of its Guardians by major Ethereum players, highlighting the growing demand for robust governance solutions.
As per insights from industry leaders, Aragon is recognized as a leader in decentralized governance, providing advanced DAO frameworks that enhance security and autonomy. This supports the significance of Aragon’s new tools in setting standards for digital governance models.
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