The HAI DAMO ecosystem consists of key features known as “On-Chain ETFs”. On-Chain ETFs are decentralized investment vehicles created and managed by the DAMO protocol through our governance token $DAMO.
What does $DAMO do?
HAI DAMO’s governance token can be used in various ways throughout the ecosystem. $DAMO holders will be able to provide liquidity, participate in liquidity mining events, hold the token, govern the ecosystem, and more. What the $DAMO holder does is completely up to their discretion, meaning if someone wants to yield farm or simply hold their $DAMO, they may do so freely.
What does this mean?
The DAMO Token is the ticket to the DAMO protocol. DAMO Token holders will be rewarded for their commitment with rich liquidity mining events in addition to fair representation in the protocol. HAI DAMO believes the versatility, yet simplicity of $DAMO will be able to attract key actors amongst the ecosystem. More on how you can gain early access to $DAMO coming soon.