XRP News Today: XRP Ledger Welcomes First DAO XAO for Community Governance

The XRP Ledger is set to welcome its first decentralized autonomous organization (DAO) with the launch of XAO DAO. This platform will enable fair and transparent community governance using only XRP, marking a significant shift from centralized decision-making to community-based governance. XAO DAO will empower XRP holders through voting, proposal submission, and funding of initiatives, all conducted through the platform.

XAO DAO aims to support real-world projects using XRP, without launching a new token. This decision helps maintain focus on stability and utility. The platform is planned to go live by the end of summer. The voting process will use a snapshot of XRP holdings to set each user’s voting weight, with caps to limit whale control and ensure fairer outcomes. Voting will occur within a set window, with all results and vote counts being public, promoting transparency and equal access. Each vote will shape funding and development priorities, avoiding token inflation and focusing on long-term sustainability.

XAO DAO will offer grants in several areas, including validator support, developer tools, educational efforts, branding, and public policy work. Community members will vote on how these grants are used, supporting bold ideas that benefit the XRP Ledger. The platform will rely solely on XRP for funding, avoiding risks tied to launching a new governance token and keeping governance simple, transparent, and community-driven.

The team behind XAO believes that the XRP Ledger is ready for this step. Community-led oversight can help filter out low-quality or scam projects, and a structured DAO may help manage the rapid growth the XRP Ledger is experiencing. User activity on the XRP Ledger is rising fast, with daily addresses up by over 700% in recent months and whale wallets reaching record highs. Several new stablecoins and tokenized assets have launched on the network, and the XRP Ledger plans to add an EVM-compatible sidechain later this year to support more complex DeFi applications.

As the XRP Ledger evolves, XAO DAO may play a key role in shaping its future. The platform brings community decision-making into focus at a critical time for the network, fostering a more inclusive and participatory governance model. This initiative is part of a broader effort to decentralize the XRP Ledger, making it more resilient and adaptable to the needs of its users. The launch of XAO DAO is expected to empower the community by giving them a direct say in the development and direction of the XRP Ledger, thereby strengthening the network's decentralized nature.