Participating in the DAO

Anyone who stakes SPOOL Tokens and has accumulated any amount of voSPOOL can participate in the Spool DAO via voting. In order to make a proposal to the DAO, a minimum amount of (to be defined) SPOOL Tokens has to be staked. Want to learn more about staking? Go here:

pageStaking SPOOL Tokens

To participate in the SPOOL DAO a user needs to stake their SPOOL Tokens. Once a user stakes their SPOOL they receive voSPOOL, which can be used to vote on existing SIPs and additionally submit their own proposals. The latter function only applies if the user owns more than (to be defined) -amount of SPOOL Tokens.

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