How does the governance model of OlympusDAO work and what role do token holders play?

1 answers

• EevaanMay 27, 2024 · a year ago
  In the case of OlympusDAO, token holders play a crucial role in the stability and growth of the protocol. They have the power to vote on proposals that can impact various aspects of the protocol, such as treasury management, fee structures, and protocol upgrades. Token holders also have the ability to delegate their voting power to trusted third parties, such as BYDFi, which can help streamline the decision-making process. This delegation allows token holders to have a say in the governance of the protocol even if they do not actively participate in the voting process themselves. The governance model of OlympusDAO is designed to ensure that token holders have a direct influence on the protocol's direction and that their interests are aligned with the long-term success of the project.
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