Understanding the Spool DAO
Spool is intended to be a completely decentralized- and community-controlled open framework. The Spool DAO oversees, manages, and rewards ecosystem stakeholders. These functions include determining the composition of the Yield Generator array, managing Risk boundaries, setting fees for Risk Model Providers, and SPOOL Token Governance.
Upon Spool its full launch, the DAO will power the first Genesis Spools (Smart Vaults) to enable Spool Token farming and provide the initial Risk Model for Spool Smart Vault Creators.
Spool DAO its Risk Model and the Genesis Spools (Smart Vaults) will both remain available within the Spool Ecosystem. Additionally, other Smart Vault Creators and Risk Model Providers will be able to offer alternative solutions.