Bagels Finance
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Protocol introduction
Bagels Finance's participation programs
documentation
DAO Governance
Harvest
Harvest shows all platform revenues generated by the leverage pool. These platform revenues are transferred from the user Claim to the Revenue Distribution Contract- Mining Pool Proxy, then the Mining Pool Proxy automatically distributes the proceeds to the Boardroom and distributes it to the holders of veBAGEL at 8pm on Wednesday(UTC-4).The claim is completed by the user without any centralized technical staff processing. From income acquisition to distribution, it is fully automated and community-based operation in accordance with established procedures.
Our revenue distribution contract is completely decentralized and automated. These platform revenues are transferred from the user Claim to the Revenue Distribution Contract- Mining Pool Proxy, then the Mining Pool Proxy automatically distributes the proceeds to the Boardroom and distributes it to the holders of veBAGEL at 8pm on Wednesday(UTC-4). The details of distribution as below:
85% of farming tax distribute to Boardroom
50% of platform interest spread distribute to Boardroom
15% of farming tax distribute to Bagels team
The claim is completed by the user, and after any user executes the claim, it will trigger Harvest’s automatic distribute the revenue.
Governance
DAO Voting
The governance is using the Snapshot to allow users who hold at least 1 veBAGEL to vote to Bagels Improvement Proposal(BIP). veBAGEL represents voting rights, users can get veBAGEL through lock BAGEL into Boardroom. A holder who holds at least 2500 veBAGEL could initiate a new proposal.
Snapshot
In Snapshot you can find all ongoing or closed proposals. All the suggestion will be discussed on this page. View the two closed proposals：
Initiate Proposal
If you have at least 2500 veBAGEL and plan to initiate a new proposal on Snapshot, you need to draft it and it's necessary to measure the voting tendency of the community through Bagels Discord, Telegram or Governance.
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