🔺Governing TIF

The ultimate Guide: how to participate in the TIF DAO and unlock the full potential of decentralized governance.

TIF DAO

A Decentralized Autonomous Organization (DAO) is an entity structure with no central authority that decentralizes decision-making among the members of the DAO.

The TIF DAO has its token: TIF token, which can be used in two ways:

• Token holders can trade, exchange, or stake it.

• Token holders can vote to influence the way the TIF protocol is developing.

Thus, users who have TIF tokens and vote on TIF initiatives are members of the TIF DAO.

Getting Vote Power

Users should lock their TIF tokens into a voting escrow to participate in governance.

By staking TIF tokens, users get veTIF tokens that give voting power, rewards for participating in the TIF DAO, and boosted APRs for providing liquidity.

One veTIF token equals one vote.

The longer TIF tokens are locked, the more rewards and voting power holders have:

1 TIF locked for 4 years = 1.00 veTIF 1 TIF locked for 3 years = 0.75 veTIF 1 TIF locked for 2 years = 0.50 veTIF 1 TIF locked for 1 years = 0.25 veTIF