Governance

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Governance Token

Dream Finance Token(DF) is a utility token used in the Dream Finance ecosystem. xDF is a corresponding governance token.

On ETH mainnet onsite, when you stake DF, you receive xDF, a token that represents your position in DAO Governance. Because xDF is and BEP-20 token transferable to different blockchains, community members can also enter a governance position via established liquidity on Polygon.

The initial rate of DF to xDF is 1:1, but as rewards are added, 1 xDF will be worth increasingly more DF.

Governance Process

Dream Finance governance proposals are submitted on Snapshot. This is where voting takes place as well. The xDF token acts as the governance instrument, enabling the community to vote on new game development, effectively allocate the treasury funds, and adjust ecosystem parameters in order to manage risk, as well as respond to changing market demands and conditions.

This makes the governance of the platform directly responsive to our most active users and brings Dream Finance closer to being a public good operated by the community members who value it most. DF holders who stake in the governance contract will be able to decide on:

• PB burn prices for all wearable ranks

• DF prices for all wearable ranks

• PB bonuses for wearable ranks

• DF activation price for DF items

• Challenges and difficultly variables

• Leaderboard multipliers for each tier

• Base player/owner splits

In order to submit a proposal on Snapshot, one must have 100k xDF. Proposals pass/fail via simple majority, but 10M xDF voting in favor is required to reach a quorum.