🎯 RABI token holders are at the heart of the Rabi Protocol, actively participating in decision-making processes and contributing to the system’s growth and security. Here’s what RABI holders can do to shape the future of the protocol:
💼 Key Actions for RABI Token Holders
1️⃣ Add New Collateral Types:
Introduce new types of collateral with customized risk parameters to expand the protocol’s capabilities.
2️⃣ Adjust Risk Parameters:
Modify existing risk parameters or add new ones for already-approved collateral types to ensure financial stability.
3️⃣ Manage the Rabi Savings Rate (DSR):
Adjust the DSR to optimize returns for token holders and maintain system balance.
4️⃣ Select Oracles and Emergency Oracles:
Choose a trusted set of oracles to provide accurate pricing data and appoint emergency oracles for critical decision-making during market volatility.
5️⃣ Trigger Emergency Shutdowns:
In times of extreme market conditions, initiate an emergency shutdown to protect the protocol from significant risks.
6️⃣ Upgrade the System and Allocate Resources:
Approve system upgrades and allocate funds from the Rabi Buffer for infrastructure development and improvements.
📊 How These Decisions Impact the Protocol
The governance mechanism empowers RABI holders to:
- Improve the protocol’s efficiency and security.
- Fund the Rabi Buffer through stability and liquidation fees, ensuring financial resilience.
- Adapt to changing market conditions by utilizing flexible and upgradable proposal contracts.
Advanced proposals, such as bundled contracts, allow holders to make multiple changes—like adjusting the stability fee and the savings rate—in a single decision, streamlining the governance process.
💵 The Power of RABI Token Governance
Rabi Protocol’s governance system is designed to evolve with the community’s guidance, ensuring that RABI holders maintain full control over key decisions.
😰 Are you participating in the Rabi Protocol?
We’d love to hear your thoughts on this innovative decision-making system. Share your insights and help shape the future of decentralized finance!
