Drops
  • Drops
    • Introduction
  • Governance
    • DOP - Protocol Governance & Ownership
  • Tokens
    • Overview
    • veDOP
      • Emissions Distribution
    • esDOP
      • esDOP parameters
      • esDOP vesting duration
      • Situational examples
  • Loans
    • Overview
    • NFT Lending Pool
      • Liquidation parameters
      • Liquidations
    • Positions Lending Pool
      • Components
      • Using vault markets
      • APY Calculation
    • Interest rates
    • dTokens
  • Tutorials
    • How to borrow against NFT
    • How to repay NFT loan
    • How to lend and earn yield
    • How to use SweepMax
  • SweepMax - Financing
    • Overview
    • Features
    • How does it work?
  • NFT Price Oracle
    • Overview
    • Verifying Sale
    • Extreme outliers removal
    • Probable outliers removal
    • Floor TWAP
  • Links
    • Audits
    • Smart contracts
    • Risks
Powered by GitBook
On this page

Was this helpful?

  1. Governance

DOP - Protocol Governance & Ownership

Drops Ownership Power (DOP) is the Drops DAO governance token. DOP has the power to delegate liquidity incentives among lending pools and decide on the future of Drops DAO.

Currently DOP has two main uses: voting and staking. Boosting liquidity rewards in lending pools is under development.

To participate in voting and staking, users are required to lock DOP and obtain veDOP.

veDOP stands for vote-escrowed DOP, which is simply DOP locked for a period of time. The longer user locks DOP for, the more veDOP is received.

PreviousIntroductionNextOverview

Last updated 3 years ago

Was this helpful?