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Governance

Voting Rights#

Voting rights will be tied to the PANDI token, an ERC-20 on the Ethereum blockchain. PANDI has a fixed supply of 1 billion. The PANDI token's purpose is strictly limited to governance and PANDI token holders do not have any claim on cash flows generated by the PandiFi procotol.

The Governance Process#

Several features will be available for PandiFi governance within one year of the token generation event (TGE), each serving its own particular purpose1.

  1. The Governor Contract. While the details of the governance framework remain TBD, we will mirror the approach used by Compound and Uniswap. Both protocols currently use Governor Bravo and we will follow their lead unless we have a really good reason to do something else.

  2. Tally. Governance decision will be tracked and managed on Tally.

  3. PANDI Allocation. The PANDI coin allocation will generally follow the approach used by UNI as documented here.

Rewards#

In order to encourge investors to provide liquidity, PandiFi DAO will create a set of staking contracts based on the Uniswap V3 canonical staking contract. The purpose of this staking program is to help ensure that the people that are helping us build PandiFi will have a say in how it evolves over time.

Details are TBD.