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DAO Escrow Contract
Any user interested in joining the Trusted Node DAO and participating in Trusted Node governance can deposit any amount of $TNODE tokens into the DAO escrow for a period from 1 day to 1 year. Depositing coins is necessary for governance functionality. It lets the network know which users have a right to vote.
DAO members receive voting power proportional to their deposit and valid for the period that $TNODE tokens remain in the escrow contract.
They also receive other member benefits based on the period and amount of $TNODE they submit:
- A share of Trusted Node transaction fees
- A yield multiplier for liquidity vaults, and
- Member discounts on Trusted Node services (the PoS Portal and Liquid Staking).
Currently, the DAO Trusted Node is stored in a smart contract. In the future, the capital could theoretically be invested into liquidity vaults or DeFi portfolios to enable more revenue streams for DAO and its members (tbd).
Last modified 2yr ago