👥Governance

Torches welcomes any members or parties who are willing to grow and develop with us to help achieve further success. Torches DAO evolution may refer to the DAO governance models of more mature projects, such as Curve.

Torches adopts the veToken model. Users can obtain veTOR by staking TOR token.

veTOR holders can vote on governance recommendations or to adjust incentive ratios for different loan pools. In the future, more governance rights will be opened up to veTOR holders.

Important decisions on Torches will gradually be redefined and verified through the DAO governance process. In essence, the Torches holders will decide the long term development strategy for Torches.

Within this governance framework, the development team is responsible for system maintenance to ensure safe, reliable and sustainable operation, and to provide innovative and improving products. The community decides the setting of key operating parameters through DAO voting.