FDAO: Key Step Towards Decentralization

  1. Slope increases: 60% of the ForTube platform’s liquidity pool profits will be used to buy back $FOR every month, directly serving as reserve assets to the FDAO structure without generating any new $FDAO tokens. Assuming that the current number of $FDAO tokens is Xt and the number of deposited $FOR is M, the new slope becomes:
  • Users buy a certain number of $FDAO tokens according to their own risk preferences.
  • The smart contract collects platform revenues to buyback $FOR tokens and puts them into the FDAO pool.
  • $FDAO token holders have certain key decision-making privileges. They can vote through proposals and exercise governance rights including changes, improvements, and decision-making to the core elements of the system, including risk control factors, underlying assets, and interest rate models.
  • Users can exchange $FDAO to $FOR at any time.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
ForTube

ForTube

1K Followers

ForTube is the world’s top DeFi lending platform launched by The Force Protocol.