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voSPOOL Utility

voSPOOL as a voting token serves the following utility within the Spool Ecosystem.

Governance via Spool Improvement Proposals (SIPs)

voSPOOL Holders can vote on Spool Improvement Proposals. This voting power helps to maintain, update and improve the overal Spool Ecosystem.

Directing Spool Incentive Emissions

voSPOOL Holders hold control over directing 50% of the SPOOL Token Reward Emissions to given Spool Smart Vaults. A comprehensive guide on how to participate in this Economical Governance can be found here: Voting on SPOOL Emissions.

Voting on new Strategy Proposals

When a potential new Strategy is proposed to the DAO, the DAO will have to vote it in. voSPOOL Holders can vote on these Strategy Proposals to include, update or exclude new Strategies.

Voting on new Risk Model Proposals

When a potential new Risk Model Provider proposes a new Risk Model the DAO will have to vote it in. voSPOOL Holders can vote on these proposals to include, update or exclude new Risk Models.

Participating in Treasury Management

The Liquidity Bootstrapping Pool where SPOOL Tokens got sold publicly has allowed the Spool DAO to obtain a significant, DAI denominated, Treasury. This Treasury is managed via Governance and therefore voSPOOL Holders.
voSPOOL Utility in an infographic.