In March, a pair of Ethereum-focused improvement groups proposed a merger of their respective protocols.
Months later, the communities round Preserve Community and NuCypher have accredited the merger plans, in line with a Tuesday announcement post. Each votes occurred on Friday.
“The snapshot vote concluded Friday after months of group collaboration, and we’re delighted to announce that the Preserve x NuCypher community improve is transferring ahead with roughly 93% of particular person Preserve stakers voting for the initiative and 78% of staked KEEP supporting the measure,” the Preserve crew wrote.
NuCypher holders accredited their finish of the vote unanimously, per a separate weblog submit.
“The proposal obtained unanimous assist on the NuCypher facet. It was concurrently accredited on the Preserve facet, which implies the first-ever on-chain community improve to mix two decentralized networks will proceed,” the submit defined.
Profitable votes in hand, the merger projected, dubbed KEaNU, now strikes towards implementation, particularly the event of the “staking contract for KEaNU and the related adapters to grandfather in current NU and KEEP stakes,” per NuCypher’s submit. This course of will happen as Preserve’s crew works on the subsequent model of its wrapped bitcoin venture, TBC. Future group selections will concentrate on the governance points of the KEaNU decentralized autonomous group, or DAO.