DAO Overview

Since its inception, BaseBank has introduced a groundbreaking DAO (Decentralized Autonomous Organization) to empower our most treasured asset—the community itself. Our primary objective is to provide a platform where community members can play an active role in shaping the future of decentralization. The BaseBank DAO holds the remarkable potential to directly influence the future trajectory of the platform, including the intricacies of OpenOcean's operations. Let's delve deeper into the realm of BaseBank DAO!

At the core of this initiative is the BaseBank Protocol, a mechanism meticulously crafted to empower our vibrant community. It achieves this by facilitating the introduction of proposals and conducting polls. Within the DAO's vibrant ecosystem, community members are warmly encouraged to propose changes that can impact the platform, tweak specific details, or forge transformative partnerships. It's important to note that participation in the BaseBank DAO is open to all individuals who share a fervent commitment to fostering community growth and ensuring the long-term sustainability of our thriving ecosystem.

The guiding principle of the DAO platform is to democratize the distribution of decision-making power, ensuring that the wider community has a significant say in shaping our collective journey. In the context of proposing and voting on crucial initiatives, we have made the deliberate choice to exclusively involve BBANK stakers. This focused approach guarantees that the decisions emerging from the BaseBank DAO align harmoniously with the platform's best interests and the continued empowerment of our community.