I am thrilled to announce an exciting new chapter in the evolution of Rootstock—a chapter that underscores the commitment to decentralized governance and community-driven initiatives. Today, RootstockLabs is proud to announce our support for the newly formed DAO in the ecosystem; RootstockCollective.
RootstockCollective is a first-of-its-kind DAO built on Rootstock, the longest-running and leading Bitcoin sidechain. Launched during ETH Pragma Singapore 2024, the DAO has ambitious plans to launch a number of initiatives designed to empower and reward Rootstock users and Bitcoin builders by allowing them to participate directly in decision-making processes that shape the future of Rootstock.
Funding
To showcase our commitment, RootstockLabs will donate a total amount of $10 million to the DAO treasury through the RootstockCollective Foundation during the following 12 months. This funding will provide essential resources to support builders with grants, foster community engagement through proposals and voting, and drive the development of decentralized projects on Rootstock.
Gas Fee Distribution
In addition to this financial contribution, we are implementing a groundbreaking initiative regarding gas fee distribution. Currently, RootstockLabs receives 19% of the transaction fees generated on the network. Moving forward, we will propose the Rootstock community redirect this amount directly into the DAO treasury.
This change ensures that a substantial portion of network resources will directly benefit community initiatives, reinforcing our shared vision of a more inclusive and decentralized ecosystem.
Moving Forward
At RootstockLabs, we believe in the transformative power of decentralized technologies and community-driven governance. RootstockCollective embodies these principles, and we are committed to supporting its growth and success. Together, we are paving the way for a decentralized future where every voice matters and every contribution counts.