Community Voting
This section elaborates the mechanism in which how important decisions are made on the AlgoBlocks platform
A DAO is set up to govern the key actions on the AlgoBlocks platform for the benefit of its user community. Given the strong community focus for AlgoBlocks, a decentralized, community based, decision making mechanism is crucial for its operations.
The types of decisions are inclusive but not limited to, the following:
  1. 1.
    Suggestions and voting on different pre-programmed trading strategies using DeFi products that should be published or un-published from the AlgoBlocks platform
  2. 2.
    Voting whether a DeFi product should be onboarded and integrated into the AlgoBlocks Platform. (and also vice-versa)
  3. 3.
    Voting of whether to integrate a new feature or product onto the AlgoBlocks platform
  4. 4.
    ....and many more that are crucial to the decision making process of AlgoBlocks
For those who are unfamiliar with DAOs, a decentralized autonomous organization (DAO), sometimes called a decentralized autonomous corporation (DAC), is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government. A DAO's financial transaction record and program rules are maintained on a blockchain.
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