RootstockCollective is the first DAO designed to reward builders and users of Rootstock, the leading and longest-standing Bitcoin sidechain.
Historically, Bitcoin miners and holders were the primary beneficiaries of the network’s growth. RootstockCollective changes this by introducing a decentralized mechanism to share value between builders and their supporters, driving innovation and growth in Bitcoin’s DeFi ecosystem.
Stake your RIF and join RootstockCollective.
RootstockCollective is a new addition to the Rootstock ecosystem. It aligns builders and stakers on a shared mission – align builders and stakers to create a self-sustaining ecosystem on Bitcoin.
Participants are rewarded as follows:
By empowering both groups, RootstockCollective democratizes value capture, ensuring everyone can contribute to the ecosystem’s success.
The Rootstock blockchain is known to be the first and longest-lasting Bitcoin sidechain. It leverages Bitcoin's proof-of-work security model via merge-mining, a mechanism that allows the same hashrate deployed on the Bitcoin blockchain to secure Rootstock.
Additionally, Rootstock is EVM compatible, meaning that everything built on Ethereum can be easily ported to Rootstock to benefit from its robust security.
In terms of the governance token, the RIF token was chosen because it is one of the most widely available and easily accessible tokens on Rootstock. By linking governance power to the RIF token, community members can actively participate in decision-making through stRIF, which is minted by staking RIF.
This approach allows members to utilize a token they are already familiar with, ensuring a seamless transition into governance roles. Additionally, it strengthens the community’s influence over the future direction of Rootstock, as the DAO can integrate other RIF-enabled protocols, such as RifOnChain and RIF Name Service (RNS), and direct ecosystem revenue to support community-led initiatives.
The Collective Rewards program incentivizes innovation and engagement, benefiting both builders and backers.
This reward-sharing mechanism creates a virtuous cycle of innovation and collaboration.
With over $170,000 in RIF and $591,040 in RBTC already distributed, RootstockCollective has laid a strong foundation for decentralized governance. Future plans include deeper decentralization, Tally integration, and treasury growth through Rootstock network fees.
RootstockCollective is building the foundation for a thriving Bitcoin DeFi ecosystem. Institutions, developers, and stakers are invited to join the revolution.
This post is commissioned by Rootstock and does not serve as a testimonial or endorsement by The Block. This post is for informational purposes only and should not be relied upon as a basis for investment, tax, legal or other advice. You should conduct your own research and consult independent counsel and advisors on the matters discussed within this post. Past performance of any asset is not indicative of future results.
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