$VINO is the governance token for Vino. It is a non-transferable token with 100,000,000 in total supply. There are no emissions, 100% of the supply is minted upon protocol launch (with various unlock schedules).
$VINO will remain non-transferable for a target of 1-year post protocol launch, with a DAO framework following shortly after. Non-transferable tokens allow for a more community driven transparent approach as users are wary of predatory points programs that lead to unknown outcomes.
$VINO in its initial phase under the DAO could govern thing such as:
- New types of protocol fees as well as the amount of existing fees
- Revenue distribution
- Asset composition
- New collateral assets
- Rebalancing mechanism designs
- New products
- 3rd-party service providers
- New networks
- DAO Treasury
$VINO will be available on all of the chains $BLEND and other products are launched on. $VINO will be used to attract TVL in core Vino products, and partner DeFi protocols to enhance utility and liquidity.