Excited to announce Hedgey’s launch on OKC (OKX Chain). At Hedgey, we build alongside DAOs to help them compensate, collaborate, and grow. And now, this is now available to anyone on OKC. Bringing Hedgey to OKC is a huge opportunity to change how DAOs operate in a rapidly growing ecosystem.

DAOs Compensate on Hedgey

Through Hedgey Contributor Rewards, DAOs like ShapeShift and DAOhaus use Hedgey for monthly locked token compensation to incentivize long-term commitment and build a stronger community. These DAOs distribute locked tokens, represented by NFTs, to their core contributors, and they look something like this.

These NFTs can also be given Snapshot voting rights, NFT-gated access to Discord channels, and other perks.

DAOs Collaborate on Hedgey.

DAOs collaborate on Hedgey, and now the OKC ecosystem has access to these tools, like Hedgey DAO-to-DAO token swaps. DAOs like GnosisDAO, Alchemix, Thales, Saddle, Sperax, Layer2DAO, and Agave have all been early adopters of DAO-to-DAO (D2D) swaps through Hedgey, and it's proved to be tool used to strengthen partnerships, mutually invest with other DAOs, and participate in each others governance processes. We walk through why this is so important, and how to do this with your own DAO in the article linked here.

DAOs Grow on Hedgey

This ethos was put to use by Gitcoin through a treasury diversification to expand their governance participation and align with key partners. Using Hedgey, Gitcoin was able to invite key partners to participate in a token swap and join their governance using our permissionless protocol.

Gitcoin's treasury diversification was the first of its kind, and a powerful example for DAOs who want to diversify their treasury while bringing in partners like OKX Ventures, Protocol Labs, Fenbushi Capital, IOSG Ventures, and Foresight Ventures to join in for this collaboration. We're excited to see how other DAOs and token projects follow this strategy, and you can read the full write-up below.

About OKC

OKC (OKX Chain) is an EVM-compatible L1 built on Cosmos with a focus on true interoperability (IBC) and maximized performance. At high scalability, developers can build and scale with low gas fees. The OKC ecosystem and infrastructure, including the all-in-one multi-chain Web3 interface, enables a seamless experience for both developers and users. 

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