OST is OneStake Finance's governance token
a. Type: ERC-20 Token on Ethereum
b. Ticker: OST
c. Total supply: 24,000,000 OST
d. Ethereum Contract: TBA
OST is OneStake Finance's governance token. It enables a deeper engagement with the protocol by opening up the ability to participate in governance and further stabilise the protocol.
OST will be distributed as additional incentives for the investors to provide liquidity through staking pools and various community engagement programs. They will be distributed through a mixture of programmatic on-chain activities and community oriented off-chain activities.
OST will be used to improve the stability and security of the protocol through a combination of pool and governance mechanics. Users performing these services to the protocol may then earn additional rewards.
veOST holders will gain a portion of the ecological revenue, and the portion will be determined by DAO governance. At the beginning, 50% of the platform revenue, including iUSD pool, iETH pool, iBTC pool and Unistake, will be used for distribution to veOST holders. The other 50% of the platform revenue will be used for operation and development, aimed at expanding the total ecosystem of OneStake Finance.
veOST holders can initiate and vote on DAO proposals, and the vote weight is based on the obtained amount of veOST tokens at the time of casting the vote. OneStake team believes that users will contribute to a better future of OneStake, and will receive lucrative benefits along with the development and governance.
OST holders can contribute and vote on a number of protocol decisions, in particular:
- Protocol roadmap: priorities and future projects
- Protocol parameters (including fees or funding rates)
- Yield strategies
If you wish to create a new official proposal, you should draft a proposal and post it on the governance forum. You must research it is possible and can gauge the interest of community via the OneStake Discord, Telegram or Governance forum. Proposals can include the use and allocation of OneStake treasury funds, adjustments to important platform parameters, major development proposals and more aspects of decentralized governance of OneStake. If you're not sure about the technical details of submitting your proposal to the Ethereum blockchain, you can ask a team member to help.