DAO and tokens
Last updated
Last updated
The Otomic ecosystem has many stakeholders, including users, LP nodes, relays, and developers. They form a DAO (Decentralized Autonomous Organization) to govern the project’s economic distributions and future directions.
The DAO incentivizes community contribution through the . OBT is a fair launch token and its value is backed by the DAO treasury funded by protocol fees (). It is rewarded to community contributors such as the LP nodes and developers.
DAO members are holders of the . Staked OBDs can vote on DAO proposals, and earn OBT rewards. The Otomic DAO provides staking and voting contracts and a web UI for stakeholders to participate in the governance. The DAO controls the collection and distribution of protocol fees and emissions of the OBT tokens.
The DAO has a treasury funded by the protocol fee, which is 0.04% from each transaction. The use of treasury funds is governed by the for two explicitly defined purposes.
The treasury can provide liquidity for OBT tokens, including buying back OBT tokens when the price falls below 0.05 USDT.
The treasury can fund technical and business developments of the protocol.