TL;DR: The $COW DAO is now live, powered by Tribeca.
$COW has a hard cap of 100,000,000,000 tokens, and emissions have been ongoing since 11/22. To farm $COW tokens, you can stake Saber LP tokens on Quarry; these LP tokens can be obtained from adding liquidity to various stable pairs on Saber. Currently, the only tradeable market for $COW is on Sencha.
Now it’s time for the next step of our master plan: giving power to the community — Announcing the $COW DAO, powered by Tribeca!
$COW DAO Details
The $COW DAO will be community-managed through Tribeca. The Tribeca platform is used in the following way:
- $COW owners lock up their tokens: Community members receive voting power proportional to the duration and amount of tokens locked.
- Community members vote for, against, or abstain on the proposals.
- Anyone can create a proposal. Permissible examples include:
- Changes to the total emissions rate of liquidity mining
- Choosing the reward(s) of specific mining pools, as well as the reward allocation
- Granting authority to mint new tokens
About $CASH
$CASH is a decentralized stablecoin, made by the people, for the people. The Cashio stable-coin, $CASH, is minted and backed by interest-bearing stable pair LPs from Saber. The LPs deposited into the Cashio treasury are then deposited into Sunny Aggregator and Quarry, earning revenue.
