Convival Fi

A decentralised autonomous organisation (DAO) is an entity with no central leadership. Decisions get made from the bottom-up, governed by a community organised around a specific set of rules enforced on a blockchain.

  • Convival DAO operates using smart contracts, which are essentially chunks of code that automatically execute whenever a set of criteria are met. Smart contracts are deployed on numerous blockchains nowadays, though Ethereum was the first to use them.

  • Convival DAO is fully autonomous and transparent. As they are built on open-source blockchain, anyone can view their code. Anyone can also audit their built-in treasuries, as the blockchain records all financial transactions.

  • Users can participate in Convival DAO voting with their gCVL tokens.

  • Voting process will be conducted via a service called Snapshot.

  • Convival will create their own space in Snapshot, so users can join it.

  • To vote via Snapshot users have to connect the wallet where they store their gCVL tokens.

  • Users can propose their pools to vote for. To make a proposal the user needs to have more than N amount of gCVL.

As part of managing our finances and maintaining a sustainable ecosystem we will be keeping a major chunk of our token supply for ecosystem participants. These tokens will be distributed as rewards. Here’s a brief description of the reward mechanism will work :

➡️As a reward for participating in platform farming, the user will get CVL tokens.

➡️Each active pool in the protocol has a Pending Rewards Card. The Pending Rewards Card shows users the amount of Pending Rewards the connected wallet has accrued for the related pool. It lists the pool’s name and the amount of CVL tokens available as rewards.

➡️Users click the Claim reward button to claim their profit.

➡️Yield rewards are subject to a time specific vesting period before they can be withdrawn.

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