Voting

Athena is set to introduce a Decentralized Autonomous Organization (DAO) to foster open governance and community-driven decision-making. This DAO will enable token holders to vote on crucial aspects of the protocol, including covered protocols and assets, liquidity pool strategies, and key protocol configurations and parameters.

The governance mechanism will be based on vATEN holdings, which are obtained by staking ATEN tokens. An on-chain proposal and voting system will ensure transparency and fairness in decision-making. The transition to full decentralization will be gradual, allowing for a smooth shift of power to the community.

This move towards DAO governance brings several benefits. It aligns protocol development with community needs, enhances risk management through collective decision-making, and increases the protocol's resilience and fairness. By empowering users to actively shape the protocol's future, Athena ensures it remains responsive to user needs & expectations.