DAO

Boardroom

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：https://snapshot.org/#/bsc.bageldao.eth/proposal/QmPa6wWMEXJvgcW8j4WxepZF7A9HFHfhE6y6WzwTuqDJ3C

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.