# DAO ### **Boardroom** ![](/files/kyv1DshxU1hvRGZrEjrG) ![](/files/46kDgGNyDFWTaoaYYze4) When a user deposits their BAGELs into the Boardroom, the user will receive veBAGEL, a dividend token to receive payouts. veBAGEL is used to calculate the share of dividend that will be paid out daily or weekly to the holder. The dividends generated are in the form of interest bearing gTokens such as gUSDT、gBUSD，gBTC、gMDX、gUSDC、gCAKE、gBNB、gBTC、gETH. 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. ### **Governance** The governance of Bagels is also achieved through veBAGEL. In the Boardroom, when making key decisions regarding the future roadmap, product and operations of Bagels, like interest rate, crypto value ratio, liquidation penalty rates, etc, BAGEL holders can vote for their preferable proposals. Currently the Boardroom has approved 2 proposals： ### **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.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. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://bagelsofficial.gitbook.io/bagels-finance/protocol-introduction/key-parameters/dao.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.