The Landshare DAO is the primary governance mechanism for the Landshare platform. Each LAND Token, including staked LAND and LAND-LP BNB, contributes to individual voting power.The DAO governs several key platform features, including LAND staking rewards, token emission rates, treasury funds, and token burns.
Features of the Landshare DAO
The Landshare DAO is a powerful addition to the Landshare ecosystem and allows high level decision making to be placed in the hands of token holders. The types of proposals can be broken down into three core categories:
Staking and token emissions management
The Landshare DAO will allow token holders to control staking features. This includes yield amounts, fee structures, and token allocation. The DAO contract will have direct control over administrative functions of staking vaults, meaning any and all staking changes will go through the DAO.
A set number of LAND will be minted each block, which can be allocated between LP staking, LAND staking, and the treasury pool. The DAO will have full control over the allocation of these tokens, as well as the ability to modify the total minting rate.
To help visualize, below are a few examples of proposals that can be submitted within the Landshare DAO.
Example one: Change the Auto LAND vault fee
Proposed vote by community: Increase the fee on the LAND staking vault from 2% to 5%.
In this example, the DAO would set a proposal to increase the fee structure on the LAND staking vaults from its current 2% to 5%.
Example two: Change minting rate
Proposed vote by community: Increase minting rate by 5%
The minting rate can be adjusted by adding or removing allocation to the burn pool. The burn pool allocation can be added to existing pools to increase emissions, or allocation from existing pools can be moved to the burn pool to decrease emissions. Upon a successful vote, the new LAND emission rate (minting rate) would be changed automatically through the existing staking vault and would not require users to migrate to a new vault to continue receiving rewards. This increase would be split between LP staking and LAND staking, which is covered in the next example.
Example three: Change pool allocation
Proposed vote by community: Increase allocation to LAND Staking
LAND will be distributed based on allocation points. For example, if LP staking has 1000 points, LAND staking has an allocation of 1600 points, the burn pool has an allocation of 400, the distribution would be as follows:
LP Staking: 1000 LAND/day
LAND Staking: 1600 LAND/day
Burn pool: 400 LAND/day
In this example, the DAO is voting to increase the allocation to LAND staking by removing points from the LP pool, thus increasing the LAND staking reward without changing net emissions.
In all the above examples, once the vote is passed by DAO members the proposed change will automatically be updated using a trustless smart contract system. Instantly, the proposed change would go through and be in effect.
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