CashCow references the DAO governance models used by projects such as AAVE and Curve, the pioneers of Ethereum DeFi.
As a decentralized lending protocol, lenders want to get higher interest, and borrowers want to pay lower interest. It is necessary to achieve the optimal solution through the use of the market mechanism. This is the core purpose of DAO governance.
CashCow lenders and borrowers, holders, LP providers, and development teams each have their own rights and obligations. With the development of CashCow, CashCow’s important decisions will gradually be redefined and verified through the DAO governance process, and long-term stakeholders will determine the agreement. Under this framework, the development team is responsible for maintaining the safe, reliable and continuous operation of the system, and constantly innovating and iterating products. The community decides the setting of key operating parameters through DAO voting.
CashCow needs a group of partners who are willing to grow and develop together for a long time to participate together, in the hopes that everyone will go further together. The team has always adhered to the principle of transparency and all information about the agreement is open source. There are currently two options for voting on the proposal: for and against. Only users locked in the DAO pool can vote on the proposal. Voting rights are determined by the user's lock-up amount: 1 CCF = 1 vote.
In order to incentivize CashCow users to participate in DAO governance, CashCow will distribute platform revenue to DAO pool users through CCF. More rewards may be added later.