๐ณ๏ธ Voting as a Member of Y-Foundry DAO
Users who lock $YFD in the Forge Contract become a member of the DAO.
โ๐ฝ Quorum
Reaching Quorum
Because $YFD unlocks due to fYFD points decaying each block, inactive users slowly lose goverance power. This means that active users that reclaim and relock $YFD stand to gain an increased proportion of governance power over time. This will reduce the threshold for reaching quorum.
Benefits & Responsibilities of the DAO
- Voting
- Treasury Spend
- Crucible Member Elections
- Fund Proposals
- Profit Sharing
WIP