DAO
Lemma token & governance
Lemma will issue LEMMA tokens to manage governance for the stablecoin. Holders will be able to set risk parameters, prioritize the roadmap and propose new features, amongst other things. A few example include:
Deciding which cryptocurrencies should be used to back USDL as well as set debt ceilings for each one.
Deciding which derivative dexes’ perpetual contracts should be used for USDL and set risk parameters for each one.
Deciding how long USDL stakers have to wait in order to unstake their USDL (initially there will be a wait period of 8 hours).
Deciding what percentage of the yield should be allocated towards the user vs. the treasury.
Treasury & insurance fund
Routing yield towards the treasury / insurance fund will help increase the security of the stablecoin & help mitigate some of the risks mentioned in the next section. As such a percentage (initially 30%) of the profits generated by the basis trading vault will be allocated to the treasury / insurance fund.
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