Governance Voting

ForTube hopes to establish a long-term DAO governance framework, relying on systemic incentives and multi-level governance to stimulate the long-term growth and optimization of the protocol.

Each $fDAO token holder has the corresponding key decision-making powers for each lending pool. By voting on FIPs (ForTube Improvement Proposals), they exercise governance powers, such as changes, improvements and decisions on core elements of the system, including risk control factor, underlying assets and interest rate models, etc.

Governance voting process:

a) The governance forum initiates discussions and gradually improves them to form formal FIPs.

b) Submit to Snapshot for voting approval.

c) The voting result is effective and executed.