Depositors
Deposit pool receipt holders.
Last updated
Deposit pool receipt holders.
Last updated
To be a depositor and participate in depositor related actions, a wallet must hold and or . All other 3.finance related tokens and NFTs, with the exception of , have no weight on this governance layer.
Depositor receipts do not hold the same weight because their underlying deposits are valued differently. A weight ratio is therefore calculated and applied to each position before a vote weight can be determined and cast for or against a community proposal.
A weight ratio is applied to each position to determine its vote weight.
A wallets voting power is the sum of each vote weight derived from each position held.
Properties and formula will be shared in due course.
All
The role of the depositor layer is to provide direction as relating specifically to deposit pools that enable protocol expansion to other communities and systems.
Responsibilities include:
Adding Liquid Deposit Pools into the ecosystem.
Upgrading Liquid Deposit Pools into Compound Deposit Pools.
Downgrading Compound Deposit Pools to Liquid Deposit Pools.
Removing Liquid Deposit Pools from the ecosystem.
External influences:
Should a threat to the integrity of a deposit pool be discovered, Legend NFT holders will have the ability to:
Suspend new deposits, compound and liquidation activity.
Reengage new deposits, compound and liquidation activity.