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Governance Approach
From Centralized to Decentralized
Flurry will begin with centralized control of the protocol (such as adding/ removing new types of yield-farming strategies, assigning risk factors to different strategies, etc) and migrate to complete community and stakeholder control over time.
$FLURRY will serve as the governance token of the Flurry Protocol. $FLURRY holders will participate in protocol governance through a decentralized voting process. Among other decisions, token holders will be able to vote on adding/removing new yield farming strategies and assigning risk factors to different strategies.
Phased Approach
Phase 1
Flurry Financial team will initiate yield-earning strategies.
Phase 2
Launch of initial voting functions for $FLURRY token holders. Flurry Financial team and early $FLURRY holders will select best yield-earning strategies as the process to decentralization begins.
Phase 3
Continued distribution of $FLURRY governance tokens to Flurry users, as voting functions are further developed and rolled out. The Flurry Financial team becomes less involved in decision making processes.
Phase 4
Fully decentralized governance by $FLURRY token holders.
Last modified 4mo ago