What is CashmereDAO ?

CashmereDao is a governance product created by Cashmere Labs users. On Cashmere Labs, users have certain rights. These are basically divided into three:

1)Make decisions

2)Share income

3)Control the treasury

To become a CashmereDao member, you need to do a number of things. First you must have veCSM. You can get veCSM by locking your CSM tokens. Cashmere Labs calculates the veCSM distribution over time. veCSM is a time-weighted voting escrow token. According to a certain coefficient, as long as you lock, the value of your veCSM increases. You can see the formula below.

What you can do now as a CashmereDAO member…

1)Make decisions

As a CashmereDAO member, you can either make various decisions about the future of the project. You can create a purpose or vote on a purpose opened by a different user.

Remember, you must have a minimum of 2500 veCSM to open a purpose!

With the vote you have opened, you can open a pool or have a pool closed. Or you can state an idea and get the dev-team working on it. CashmereDAO members are not only an investor but also a shareholder of the project. If you want to take an active role in this decision mechanism, you can own more shares, or in other words, more veCSM.

2) Share income

Cashmere Labs is a decentralized finance company that produces real value. It distributes 100 percent of the revenue it generates to veCSM owners. As the owner of veCSM, you can get your share of the income from various fees such as trading fees, deposit fees, and withdrawal fees.

These revenues are distributed to veCSM holders on a weekly basis. You can claim the income distributed every week with the stablecoin with the highest compensation ratio, and you can earn income from real value excluding emissions.

In addition, veCSM owners are more advantageous than liquidity providers in terms of emission income. By owning veCSM, you can boost your emissions and get more CSM rewards.

3) Control the treasury

The team does not determine the Cashmere Labs emissions, but the members of the DAO does. Control of the Treasury belongs to the members. It uses the gauge mechanism to achieve this. Weekly user voting determines the amount of emissions distributed to each pool.In this way, you can increase the emission of the pool you have and get more CSM rewards.

Every time you deposit/claim/withdraw from liquidity pools, your veCSM amount is recorded as checkpoints in the gauge contract.

This means if you don’t claim any rewards from LP Pools, your last veCSM checkpoint will not decrease on gauge contract and your boosted APR will stay higher.

In addition, if you have more than one asset, you can distribute the “veCSMs” proportionally to the gauge. In this way, you can have an impact on all your pools.

Bonus: Freedom

Since Cashmere is deployed on 6 different networks that supports, you can choose which network you want to boost your LP rewards and get trading fees. In order to achieve that, users have to select the CSM Locker of that network.

CSM MATRIX