iZumi Finance Launches Revolutionary DAO with veNFT Governance Based on Quadratic Voting

TokenInsight news, izumi Finance, the innovative protocol that provides programmable liquidity mining on Uniswap V3, announced the launch of its decentralized autonomous organization (DAO). The DAO will be governed in a revolutionary way, with a quadratic voting mechanism based on veNFT. The new iZUMi DAO veNFT (veiZi) governance token will enable DAO governance through quadratic voting on key issues for the community. veiZi NFT compatible with the ERC271 standard and is designed to fully represent the governance rights of the iZUMi Finance protocol, which include voting, boosting and returning staking rewards. In addition, veiZi NFTs can be minted by any iZUMi wallet address by locking iZi tokens for a certain period of time. It will also be possible to acquire veiZi through third-party NFT marketplaces.
Source

DAO

In This Article

Related News
Aave founder confirms new token will not be created, citing DAO consensus on Horizon proposal Aave founder confirms new token will not be created, citing DAO consensus on Horizon proposal
ZKsync sunsets ‘Ignite’ token rewards for DeFi ecosystem, cites market conditions and focus on Elastic Network ZKsync sunsets ‘Ignite’ token rewards for DeFi ecosystem, cites market conditions and focus on Elastic Network
GnosisDAO votes to invest further $4.8 million to fund HOPR's in-house development of private, uncensorable VPN GnosisDAO votes to invest further $4.8 million to fund HOPR's in-house development of private, uncensorable VPN
Sky’s lending subDAO Spark targets up to $1.1 billion in direct exposure to Ethena’s USDe and sUSDe tokens Sky’s lending subDAO Spark targets up to $1.1 billion in direct exposure to Ethena’s USDe and sUSDe tokens
Unlocking DeSci: Ink Finance Provides Decentralized Funding Solutions to Reshape Financing and Governance Models Unlocking DeSci: Ink Finance Provides Decentralized Funding Solutions to Reshape Financing and Governance Models
Latest News More More
3 Days Ago Crypto industry cheers progress in 'historic' stablecoin legislation as Senate advances GENIUS Act
4 Days Ago Vitalik Buterin suggests implementing ‘partially stateless nodes’ to help scale Ethereum
May 15 Synthetix proposes $27 million token swap to acquire options protocol Derive
May 14 FalconX partners with Standard Chartered to boost crypto offerings for institutional clients
May 13 COIN jumps 8% on news Coinbase will become the first pure-play crypto firm to join S&P 500 index
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open