DAO Governance
vePT holders are entitled to join the Phemex DAO 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.
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