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.
Last modified 1yr ago