Phemex Web3 Whitepaper
  • Overview
  • Features
    • Phemex Soul Pass
      • Use Cases
      • Minting
    • Phemex Token
      • Tokenomics
      • xPT
      • PT
      • vePT
      • Token Benefits
        • DAO Governance
        • Treasury Management
        • Staking Yield
        • Trading Reward Boost
        • Fee Discounts & Earn Boosts
        • Launchpad & Launchpool Access
    • Phemex DAO
      • Governance Model
      • Proposal & Voting
        • Voting System
        • Request for Comments System
      • Contributor Incentives
        • Detailed Breakdown
  • Incentives
    • Trading Rewards
      • xPT Pre-mining
        • xPT Reward Calculation
        • xPT to PT Conversion & Distribution
        • Boost Factor Leaderboard
        • Additional Perks
        • API Users Special Offer
        • Prohibited Actions and Consequences
      • PT Trading Rewards
    • Liquidity Provider Rewards
    • Phemex Collaborator Program
  • Concepts
    • Technical Concepts
      • Terms and Conditions
    • Privacy
    • Vision
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  1. Features
  2. Phemex Token
  3. Token Benefits

DAO Governance

PreviousToken BenefitsNextTreasury Management

Last updated 1 year ago

vePT holders are entitled to join the boardroom and actively engage in the decentralized governance of Phemex. The governance structure of the DAO allows vePT holders to propose and vote on changes to the platform, including changes to fees, rewards, and new products.

These proposals and votes are carried out through a transparent and auditable voting system, with each vePT holder having proportional voting power based on their holdings. Additionally, the DAO incentivizes vePT holders to participate in governance by offering rewards for active participation. Overall, the DAO governance structure provides VePT holders with a direct say in the direction and management of the Phemex platform, making it a truly decentralized and community-driven ecosystem.

Phemex DAO
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