DAO ecosystem is governed by DAO aimed at onboarding new users and bootstrapping projects building the next great DeFi primitive. DAO decides on key parameters (e.g. fees) of DeFi services and proposes activities aimed at bootstrapping the ecosystem.
The DAO members govern the ecosystem to ensure its efficiency and stability. To have a vote in the DAO, one must hold its governance token, CHO.
CHO voting weight is proportional to the amount of CHO a voter stake. The more CHO locked, the greater the decision-making power the voter has.
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