Open Governance

Peko Protocol references the DAO governance models used by projects such as AAVE and Curve, the pioneers of Ethereum DeFi.

As a decentralized lending protocol, lenders want to get higher interest, and borrowers want to pay lower interest. It is necessary to achieve the optimal solution through the use of the market mechanism. This is the core purpose of DAO governance.

Peko Protocol lenders and borrowers, holders, LP providers, and development teams each have their own rights and obligations. With the development of Peko Protocol, Peko Protocol's important decisions will gradually be redefined and verified through the DAO governance process, and long-term stakeholders will determine the agreement. Under this framework, the development team is responsible for maintaining the safe, reliable and continuous operation of the system, and constantly innovating and iterating products. The community decides the setting of key operating parameters through DAO voting.