Governance Model
0xCardinal DAO
Governane plays a critical role in ensuring the decentralization and self-governance of the 0xcardinal protocol. It encompasses decision-making on various aspects of the 0xcardinal, such as protocol development, integrations, tokenomics, and the distribution of emissions to stablecoin liquidity providers.
Voting Power
The 0xcardinal protocol utilizes a time-weighted voting system, a mechanism aimed at enhancing the governance influence of long-term token holders. Within this system, the unit of governance voting power is veCDNL, a non-transferable attribute acquired through the staking of locked 0xcardial tokens. The amount of veCDNL is determined by both the duration and the amount of tokens staked. Notably, during the staking period, the quantity of veCDNL remains constant and does not decay linearly with the progression of remaining time.
Multisig
Occasionally, modifications to the 0xcardinal protocol or its treasury necessitate the use of multisig actions. A reliable community group, entrusted with the task, signs on behalf of CDNL holders, rigorously adhering to guidelines provided by the governance process.
0xCardianl Foundation
The 0xcardianl Foundation is committed to fostering the expansion, evolution, and long-term viability of the 0xcardianl protocol. To realize these objectives, the Foundation focuses on:
Fostering community-driven projects, including providing grants to key contributors.
Establishing partnerships with other DeFi and crypto organizations to drive collaborative advancement.
Implementing marketing and communication strategies to amplify outreach and user engagement.
Overseeing routine operations to ensure smooth and efficient functioning of the protocol.
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