# 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：

[BIP001](https://snapshot.org/#/bsc.bageldao.eth/proposal/QmPa6wWMEXJvgcW8j4WxepZF7A9HFHfhE6y6WzwTuqDJ3C)

[BIP002](https://snapshot.org/#/bsc.bageldao.eth/proposal/QmcmDgc7xMCbYtqWWExJTTzgT12VzKb2GiHhv3YBgrjVZB)

#### 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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