Derify Protocol Documents
  • About Derify
    • General
    • Trading
    • Margin Token
    • Trading Token
    • Position Mining
    • Brokers
    • Grant Program
    • eDRF & Governance
    • Bond
    • Insurance, Buyback and Burn
    • Other
  • Getting Started
    • Tutorial
      • Connect Wallet
      • Choose Broker
      • Faucet
      • Deposit & Withdraw
      • Open Positions
      • Close Positions
      • Earn
      • Apply For Broker License & License Extention
      • Grant
    • Dictionary
  • DRF Token
    • General
    • Distribution & Release
  • Derify DAO
    • Overview
    • DAO Contributor
  • Whitepaper
    • Introduction
    • Mechanism
      • Contract Calculation
      • hAMM
      • Position Mining
      • Index Price
      • Risk Factor
        • Risk Exposure
        • Risk Ratio
      • Risk Control
        • Position Change Fee
        • Position Restriction
        • Auto Deleverage and Mandatory Liquidation
        • Dynamic Mining Reward
      • Risk Compansation
        • Insurance Pool
        • Bond and Buyback Fund
    • Implementation
      • Transaction Order
      • Side-chain, Rollup and Cross Chain
      • Against Front-running Attack
      • Against Flash-loan Attack
    • Tokenomics
      • DRF Token
      • Trading Fee
      • eDRF Token
      • bToken
    • Community and Governance
      • Broker
      • Developers and Other Members
      • DAO Governance
    • Roadmap
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  1. Whitepaper
  2. Community and Governance

DAO Governance

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The Derify Protocol core team is a believer in the DAO (Decentralized Autonomous Organization).

Most decisions for the Derify Protocol will be directly handed over to the community to determine, including adjustments to system parameters, use of the ECO fund, revisions to mining rules, and more. To ensure efficiency, in the early stages, we still retain the core team to carry out the most fundamental project research, iteration, and operation work.

For DAO governance procedures and methodology, please refer to

We commit that, in the future, foundational tasks will also gradually transit to the community, ultimately achieving DAO community self-governance.

In special circumstances, if the content of a proposal is to "terminate a proposal that is in the process of being implemented" and the vote passes, the vetoed proposal will be terminated. If not, all proposals that pass the vote will be strictly implemented according to the voting results.

https://docs.derify.finance/derify-dao/overview