Token Utility
SPOOL Tokens are required in order to obtain voSPOOL, voSPOOL in turn allows the SPOOL Token Holder to participate in Spool Ecosystem Governance.
Risk Model Providers can stake SPOOL Tokens and propose their Risk Model to the DAO. The stake ensures that Risk Models are only proposed by actors who intend to participate in the Protocol in good faith.
SPOOL Token Holders can propose new Strategies to the DAO. After their submitted proposal has been passed successfully these Strategies become available for utilization within the Spool Ecosystem.
SPOOL Token Holders can create their own SIPs, while voSPOOL Holders can vote on SIPs that will determine future protocol changes and upgrades. Due to the majority of SPOOL being distributed to protocol users (see Release Schedule), the community will eventually assume governance and direct the future of the project.