Governance and Voting

Token holders play a crucial role in governing the Dextra protocol. By locking their DEXTR tokens, participants receive goDEX tokens, which serve as voting tokens within the DAO. These voting tokens allow holders to:

• Participate in Governance Decisions: Token holders can vote on important governance proposals, including protocol changes, updates, and strategic partnerships.

• Manage Token Inflation: The community has the power to decide on the distribution of DEXTR token inflation, ensuring that inflation mechanisms align with the interests of participants.

• Increase APY: Voting rights can be used to influence decisions that impact the Annual Percentage Yield (APY) of the protocol, optimizing returns for all participants.

• Engage in Project Development: Active participation in voting allows token holders to contribute to the direction and development of the project, ensuring its evolution aligns with the community’s vision.