DAO Dividend Mechanism
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When locking BAGEL into Boardroom, the user will receive veBAGEL, an interest token of Boardroom, which is used to calculate the platform revenue dividend earned by the holder, payable once a week. The dividend includes 50% of platform interest spread, 50% of liquidation fee and 85% of farming tax, those dividend will distribute to Boardrooom members.【
When depositing BAGELs to the Boardroom, the lockup period options are:
1 Week
1 Month
6 Months
1 Years
2 Years
3 Years
4 Years
The longer the period is, the greater the voting weight and dividends paid.The number of veBAGEL held by Boardroom members decays with the length of time they are locked. The longer the lockup, the slower the decay.