Liquid ICP DAO
LICP DAO is a Decentralized Autonomous Organization that manages the bridging and distributing rewards by deciding on key parameters (e.g., setting fees, assigning staking amount to NNS, etc.) through the voting power of governance token (LICP) holders.
Also, the DAO will accumulate rewards from staking and spend them on insurance, research, development, and contract upgrades.
LICP DAO is an Aragon organization. Since Aragon provides a full end-to-end framework to build DAOs, we use its standard tools. The smart contracts extend AragonApp base contract and can be managed by the DAO.
To access DAO select Polygon blockchain on top right corner and type LICP as the name of organization.
LICP is a MiniMeToken granting governance rights in the LICP DAO. By holding the LICP token, one is granted voting rights within the LICP DAO. The more LICP locked in a user’s voting contract, the greater the decision-making power the voter gets.
Users that hold LICP governance tokens can Vote, Propose and Control the funds of Liquid ICP DAO. To successfully pass the proposal more than 30% of total voting power should vote YES for the proposal in a duration of one week, otherwise proposals will be declined.