SPOOL Token

The SPOOL DAO Token is a standard ERC20 Token with a maximum supply of 210,000,000.00 tokens. Since the SPOOL Token is a regular ERC20 implementation there is limited depth to its technical implementation.
Economical Utility
Staked SPOOL Accrues 100% of protocol-generated revenue​
80% of the PGR is distributed to stakers in the form of SPOOL/DAI Liquidity​
20% of the PGR is deposited to the DAO and under control of voSPOOL Governance
Technical Utility
The SPOOL Token accrues revenue through the mechanism outlined in Economical Utility​
The SPOOL Token can be distributed to SPOOL Stakers and Spool (Vault) participants
Staking SPOOL Tokens accrues voSPOOL
Technical Implementation
The SPOOL DAO Token functions like any ERC20 Token, its respective implementation can be found here:
GitHub - SpoolFi/spool-dao-token: Spool DAO Token (SPOOL) Contract
GitHub
GitHub of the SPOOL DAO Token
The GitHub found above contains the SPOOL DAO Token implementation, which is inherited from the OpenZeppelin ERC20 Standard (linked in the same repository).

Last modified 7mo ago