# 🧱 Global Park DAO Update #2

By [Global Park DAO](https://paragraph.com/@globalpark) · 2025-04-23

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**New Contract, New Governance**

### **🧬 Smart Contract Upgrade**

We’ve successfully deployed a new version of the $GPARK token contract. This version integrates advanced governance mechanisms, gasless approvals, and on-chain vesting — all built for scalability and decentralization.

🛠 **Deployed Contract:**

0xA88C78A9b635c9724103bAA7745c2A32E9b9F1da

### **🫂 DAO Ownership Activated**

Ownership of the smart contract has been transferred to the Global Park DAO multisig (Gnosis Safe). From now on, **all sensitive functions are bound to collective governance** via 3-of-5 signer consensus.

👥 **DAO Council:**

*   0x2e27D6811A9777633b14c046e6F1ce7D6e286A17
    
*   0xcE72723445048fA89aF94d9DaFc93e3471Bb4F6D
    
*   0x968Dc9957B814c89f1939FC55B9579954B25b220
    
*   0xfdE3aC36cfd7Ee253A1454255B0A80964D842c15
    
*   0xCB7aa26564a12de414882F0757D11E35BeDC1FF0
    

🔐 **Treasury Safe:**

0x4C7635EC1f6870cBBD58c13e3aEB4e43B7EE7183

### **🌀 What’s Next**

> **We are entering the active stage of Phase I**, focused on deploying the DAO architecture, launching the tokenomics, and establishing the first layers of decentralized governance.

**Phase 2** begins when a vibrant DAO community emerges to guide proposals, staking dynamics, and real-world park deployment.

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*Originally published on [Global Park DAO](https://paragraph.com/@globalpark/global-park-dao-update-2)*