DAO Governance
FilDA DAO is a revision based on the DAO governance model of AAVE, Curve and other DeFi pioneers on The Ethereum mainchain.
As a decentralized lending and borrowing platform, users who deposit assets desire higher interest rates, and users who borrow assets desire lower interest rates. A market mechanism that finds an optimal solution is required, which is the core purpose of FilDA DAO governance.
FilDA deposit and loan users, holders, LP providers, and development teams have their respective rights and obligations. Important decisions on FilDA will gradually be redefined and verified through the DAO governance process. In essence, the FilDA holders will decide the long term development strategy for FilDA. Within this governance framework, the development team is responsible for system maintenance to ensure safe, reliable and sustainable operation, and to provide innovative and improving products. The community decides the setting of key operating parameters through DAO voting.
In order to incentivize FilDA users to participate in DAO governance, FilDA will distribute 20% of reserved platform income to DAO pool users every week in Huobi Tokens (HT). Further incentives may be added - FilDA rewards can currently be claimed by DAO particpants.
FilDA welcomes any members or parties who are willing to grow and develop with us to help achieve further success. FilDA DAO evolution may refer to the DAO governance models of more mature projects, such as Curve.
The FilDA Genesis Team has always adhered to the principle of transparency and releases all the information about the protocol.
There are currently two options for voting on proposals: Yes and No. Only users staking in the DAO pool can vote ON proposals. Voting power is determined by users' staked FilDA: 1 FilDA = 1 vote.
