The use cases for SPOOL Token Holders. SPOOL Token Holders are defined as participants who hold the SPOOL Token.
Incentives for SPOOL Token Holders are deeply embedded into the root of the Spool Ecosystem. Here is a list of comprehensive use cases for SPOOL Token Holders:
Earn Protocol Fees: All fees collected within Spool get split between the DAO and SPOOL Token Holders. Owning a SPOOL Token, therefore, is directly correlated with the success of the Spool Protocol. Learn more about revenue sharing here.
Participating in General Governance: Since SPOOL Holders control the Spool DAO they can decide how to spend the money collected by the DAO or change the current performance fee settings.
Voting on Proposals & Submitting Proposals: SPOOL Token Holders accrue voSPOOL, voSPOOL Holders hold the right to vote and submit proposals in the Governance of Spool. Read more about governance here.
Submitting & Curating Risk Models: Holding the SPOOL Token allows you to submit new Risk Models while voSPOOL allows you to curate existing ones.
Submitting & Curating New Yield Generators: Holding the SPOOL Token allows you to submit new Yield Generators while voSPOOL allows you to curate existing ones.