🌱 Governance & YAI Staking

Overview 🌐

The YAI Token (“YAI”) is a Ethereum native asset that can be owned, held, or transferred by any user. YAI serves as YAI’s utility token, with one of its key purposes being to allow on-chain voting on DAO proposals (a “proposal”).

The total supply of YAI is 35M with a 6 decimal precision. YAI's monetary policy disallows future minting and burning, therefore making the total supply constant and unchanging. YAI is undergoing a Fair Launch, therefore there has been no pre-sale nor private distribution to investors prior to launch.

Empowering Decentralization

YAI is deeply rooted in decentralized principles, empowering its community through a governance model that allows YAI token holders to steer the protocol’s development and future.

Governance 🏛️

DAO and Decision Making

• The YAI Decentralized Autonomous Organization (DAO) is a collective that makes pivotal decisions about the protocol. From introducing new iAssets to adjusting protocol parameters, DAO members utilize their YAI tokens to vote on proposals and guide the protocol’s evolution.

Proposing Changes

• Community members are encouraged to propose changes and new features. To initiate a proposal or engage in ongoing discussions, members can visit the Governance Forum, ensuring a collaborative and inclusive multi-step decision-making process.

YAI Staking

Staking and Dual Rewards

• YAI token holders can stake their tokens to participate in the protocol’s Fee Sharing Mechanism. By staking YAI, participants receive YAI rewards and ADA fees from protocol activities like minting, liquidations, and redemptions. This aligns incentives between the protocol's growth and its users.

Governance Participation

• Stakers are not only rewarded but are also encouraged to participate in governance, ensuring that those who have a stake in the protocol have a say in its direction. To continue receiving YAI rewards, a user must participate in at least 1 governance vote every 90 days.

Security & Transparency 🛡️

Secure Participation

• YAI AI prioritizes security and transparency, ensuring that governance and staking processes are not only user-friendly but also secure, safeguarding the interests and assets of its community.