Zug, Switzerland, November 1st, 2024, Chainwire
This acquisition will improve the governance options for all current and forthcoming web3 communication platforms constructed on the River Protocol.
In the present day, River, the first-of-its-kind protocol for securing communication for finish customers, introduced its acquisition of Llama, a protocol designed for decentralized governance. Llama’s know-how can be built-in into River to additional improve its choices for customers. Earlier this month, Cities, an end-to-end encrypted on-chain communications platform, launched on River, cementing it as River’s largest undertaking thus far with 125 thousand distinctive customers onboarded and 81 thousand Cities created. The acquisition will profit all current and forthcoming platforms constructed on the protocol, together with extra sturdy governance instruments for DAOs and increasing their use instances.
The protocol is concentrated on increasing its technical capabilities and shaping the way forward for web3 communications. The combination will improve River’s token governance capabilities and supply built-in governance contracts for customers creating areas inside the platform. Moreover, Cities will profit from a brand new tech stack, permitting customers to construct customizable governance methods.
“The acquisition of Llama aligns completely with our imaginative and prescient at River to supply extra decentralized governance and customization for our customers,” mentioned Patrick Fives, Chief Protocol Officer and Co-founder of the River Protocol. “Our aim is to construct the way forward for communication, and this integration will streamline decision-making, creating extra accessible and environment friendly on-chain governance.”
Llama’s governance system is powered by open-source sensible contracts, offering flexibility and customization for customers. It permits DAOs to outline particular roles and permissions for executing on-chain transactions, or “actions,” comparable to protocol upgrades, fund transfers, parameter changes, and emergency pauses. By permitting customers to find out who can suggest, approve, or execute these actions, Llama incorporates sturdy checks and balances by means of superior permissioning methods. This granular management is essential for securely managing complicated operations and adapting to altering necessities.
“The River crew has been on the forefront of on-chain governance innovation from the beginning, shortly adopting superior options like multi-token voting and multi-chain governance,” mentioned Austin Inexperienced and Shreyas Hariharan, co-founders of Llama. “Their integration of those instruments has set a brand new customary for decentralized communication platforms, and we’re excited to see how they’ll proceed utilizing our know-how to create much more customizable and highly effective governance options for his or her customers.”
In 2023, Llama raised a $6 million seed spherical led by Founders Fund and Electrical Capital and notable buyers together with Elad Gil, Sandeep Nailwal (Polygon), and Stani Kulechov (Aave).
About River
River is the first-of-its-kind protocol for securing communication for finish customers. It unlocks the identical expertise you’d count on from web2 communication platforms, whereas offering the safety of web3. The River Protocol is an EVM-compatible L2 chain, leveraging decentralized off-chain stream nodes and sensible contracts which can be deployed on Base, to construct programmable communication instruments in a permissionless method. River’s utility token, RVR, is delegated to Node Operators to assist safe the platform. Launched in Could 2024, River’s shoppers embody Propeller.chat and Cities, the a16z-backed on-chain communications platform that launched in October 2024.
About Llama
Llama is a fullstack platform for onchain entry management and governance. The Llama protocol is designed for decentralized governance, consisting of open-source, absolutely deployed sensible contracts that supply a complete on-chain governance system with versatile necessities. The platform permits shoppers to securely take motion utilizing onchain insurance policies and customized execution methods. In 2023, Llama raised a $6 million seed spherical led by Founders Fund and Electrical Capital and notable buyers together with Elad Gil, Sandeep Nailwal (Polygon), and Stani Kulechov (Aave).
Contact
Ryleigh Ebron
Serotonin
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