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

BIP002

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.